3D Concrete Printing Market 2018 Global Segments, Industry Growth, Top Key Players, Size and Recent Trends by Forecast to 2023
3D Concrete Printing Market is expected to reach a market size of USD 69.9 million by the end of 2023, 3D Concrete Printing Market estimated to grow at CAGR of 14.05% from 2017 to 2023 | 3D Concrete Printing Industry
Pune, India – December 11, 2018 /MarketersMedia/ —
Market Research Future has announced a new release on the global 3D concrete printing market. The global 3D concrete printing market is expected to reach a value of USD 69.9 million by the end of the 2017-2023 forecast period, exhibiting growth at a solid 14.05% CAGR. The global 3D concrete printing market is assessed in detail in the report, including elaborate information on the market’s segmentation and key drivers and restraints.
3D concrete printing is an advanced construction technique used to build houses and other construction structures with the help of 3D printing techniques. Due to the wide range of structures made possible by the power of 3D printing, 3D concrete printing is also known as freeform construction. The use of 3D printing methods allows faster construction along with lower labor costs, increased accuracy in producing increasingly complex pieces, and less waste production. The efficient construction enabled by 3D concrete printing is a major driver for the global 3D concrete printing market and is likely to drive the market growth over the forecast period.
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The technology has seen a rapid increase in demand due to growing awareness about its benefits in construction. Many research institutes have also collaborated with commercial entities to produce smarter and more efficient 3D printing programs for construction activities. This has also driven the global 3D concrete printing market.
Segmental Analysis:
The global 3D concrete printing market has been segmented on the basis of end use, application, and concrete type.
On the basis of concrete type, the global 3D concrete printing market is segmented into ready mix concrete, precast concrete, shotcrete, and high-density concrete. Ready mix concrete is the major contributor to the global 3D concrete printing market due to its benefits in speeding up construction and reducing the need for cement. The segment accounted for 36.26% of the global 3D concrete printing market in 2016. Precast concrete was the second largest segment of the global 3D concrete printing market in 2016 and is likely to remain a leading contributor over the forecast period.
By application, the global 3D concrete printing market is segmented into residential, industrial, agriculture, and others. The residential construction segment dominates the demand from the global 3D concrete printing market and is likely to remain the leading party in the coming years thanks to the growing urbanization in developing countries in Asia Pacific and the increasing demand for housing. The residential segment accounted for 37.29% of the global 3D concrete printing market in 2016 and is expected to grow at a 15.35% CAGR over the 2017-2023 forecast period.
On the basis of end use, the global 3D concrete printing market is segmented into walls, roofs, floor, staircase, and others. Walls fabricated either in a factory or on site are the dominant end use of 3D concrete printing, with the walls segment accounting for 32.60% of the market in 2016.
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Regional Analysis:
Regionally, the global 3D concrete printing market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America is likely to dominate the global 3D concrete printing market over the forecast period, having accounted for 35.63% of the global market in 2016. The North America market is expected to grow at a strong CAGR of 14.2% over the forecast period due to the growing demand for green buildings.
However, Asia Pacific is likely to be the fastest growing regional market for 3D concrete printing over the forecast period, due to the growing demand for new residential construction in countries such as India and China. The Asia Pacific market for 3D concrete printing is expected to grow at a CAGR of 14.51% over the forecast period.
Competitive Analysis:
Leading players in the global 3D concrete printing market include Dus Architects, Skanska AB, Foster + Partners, HeidelbergCement AG, Balfour Beatty, Sika AG, LafargeHolcim Ltd., Apis Cor, Cybe Construction, and Winsun Global.
Cybe Construction, a Dutch company, has completed the first on-site 3D construction of a building in Dubai. The completed building is a drone research laboratory in the Mohammed bin Rashid Al Maktoum Solar Park near Dubai.
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Source: MarketersMedia
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