3D Concrete Printing Market size was over USD 1.42 billion in 2023 and is anticipated to cross USD 35.45 trillion by 2036, growing at more than 117.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 3D concrete printing is estimated at USD 2.76 billion.
Some factors such as reduction in costs of construction, rapid urbanization and the increasing demand for affordable housing with structural integrity and design-customizability are anticipated to boost the market growth. Additionally, these technologies help in developing complex building geometrics with higher precision and less construction wastes. Driven by these prominent features along with favorable government regulations for permitting 3D construction technology in public and private infra projects, the 3D concrete printing market is estimated to grow with notable CAGR during the forecast period,
Growth Drivers
Rapid Urbanization and Cost-affordable housing
According to the World Bank, the urban population accounted for 55.27% of the total population globally in the year 2018. This rapid urbanization in the last few decades is drawing a huge demand for affordable housing. The time-saving ability of the 3D concrete printing technology while ensuring structural integrity of the buildings with less construction wastes is anticipated to enormously increase the affordability of homes.
Enriched lifestyles looking for architectural finesse and customizability in the homes is driving architects to adopt 3D concrete printing technology as a mode of making fashionable designs. These are some of the considerable factors that are estimated to promote the growth of the 3D concrete printing market. Additionally, this growth is backed by rising number of initiatives taken by governments of different regions to promote real estate, housing and construction from across the globe.
Rise Concerns Related to Global Warming and Climate Change
On the back of growing technological advancements and concerns towards developing ecofriendly solutions in order to minimize carbon emissions from construction activities and construction wastes, the market is estimated to witness substantial opportunities throughout the forecast period. This, in turn, is driving manufacturers to come up with consumer and nature-friendly solutions.
Challenges
High Costs Associated with 3D Printing Technology
The potential factor that is predicted to hamper the growth of the market is the high cost associated with 3D concrete printing machinery as compared to the conventionally used construction equipment.
Lack of Awareness
The lack of product awareness in the developing countries across the globe might act as a barrier to the growth of the 3D concrete printing market. In order to increase the market size, it is important to increase the awareness about the available technologies in both developed and developing countries.
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
117.9% |
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Base Year Market Size (2023) |
USD 1.42 billion |
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Forecast Year Market Size (2036) |
USD 35.45 trillion |
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Regional Scope |
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On the basis of mix type, the 3D concrete printing market is further segmented into shotcrete, ready-mix concrete, lime crete and others, out of which, the leading market share is estimated to be held by ready-mix concrete segment. This can be attributed to this being a preferred mix type by masons due to its less setting time. The market is further segmented by technique into power based and extrusion based segments. Among these, the extrusion based segment was the largest revenue generating segment in 2019 owing to the availability of various buying options pertaining to the material, and design preference of consumers. Additionally, the option of fabricating the components that is done both on-site and off-site using automation tools further contributes to the growth of the segment.
Based on the end user segment, the 3D concrete printing market is categorized by industrial infrastructure, buildings and others. Out of these, the buildings segment is projected to hold the leading market share on the back of rising utilization of 3D concrete printing tech for building complex structures at affordable costs.
Our in-depth analysis of the global market includes the following segments:
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By Mix type |
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By Technique |
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By Offering |
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By End User |
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On the basis of regional analysis, the 3D concrete printing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe industry is anticipated to account for largest revenue share by 2036, propelled by increase in demand for complex buildings construction in the region.which manufacture and market 3D concrete printing machinery. Moreover, the increase in demand for complex buildings construction in this region is estimated to increase the product demand. The 3D concrete printing market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of rapid urbanization and industrialization along with a high population in the region. The rising awareness pertaining to utilization of ecofriendly construction practices in the region, especially in countries such as China, India and Japan, is further anticipated to result in the increased demand for 3D concrete printing.
Author Credits: Shweta Patidar
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