3D Printing Construction Market Trends

Growth Drivers

Rapidly Developing Construction Industry to Boost the Market Growth
The total spending in the global construction industry was estimated to reach around USD 12 trillion in 2023 while the spending is further projected to drop to about USD 20 trillion by the year 2035.
In the construction industry, 3D printing is essential since it can create a physical model of a digital image. In 3D printing, specialized 3D printers are used that can manufacture a real-time 3D model by using materials such as, concrete, metal, polymer, and others. 3D printing assists designers and architects to build any complex design and it also avoids labor expensive and is intensive. Hence, such a higher demand is anticipated to drive the growth of the market over the forecast period.
Growing Utilization in the Development of Robots
It was observed that about 375,000 new robots are launched in the market annually while approximately 85% of the companies are noticed to be adding robotics in their working infrastructure.
Higher Demand in Automotive Industry
As of 2021, automobile sale across the globe was anticipated to be around 65 million units.
Increasing Demand for 3D Printing in Jewelry Designing
For instance, in 2022, the global jewelry segment was estimated to reach approximately USD 250 billion.

Challenges

Presence of Alternatives in the Market
Requirement for Higher Initial Investment
Constant Need for the Maintenance of 3D Printers
The global 3D printing construction market is segmented and analyzed for demand and supply by end-user into building, infrastructure, and others, out of which, the building segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the escalating spending on the construction of buildings. For instance, in 2022, residential and nonresidential construction received total spending of around USD 900 billion and USD 500 billion respectively in the United States.

3D Printing Construction Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	248.90 %
Base Year Market Size (2022)	USD 1.4 Billion
Forecast Year Market Size (2033)	USD 3709.51 Trillion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Rapidly developing construction industry to boost the market growth are estimated to majorly boost market growth.

The market is anticipated to attain a CAGR of 248.90% over the forecast period, i.e., 2023-2035.

Constant need for the maintenance of 3D printers is estimated to challenge the market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are COBOD INTERNATIONAL A/S, ICON Technology, Inc., Yingchuang Building Technique (Shanghai) Co. Ltd., Contour Crafting Corporation, Apis Cor Inc., Sika AG, CyBe Construction B.V., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by material, construction method, end-user, and by region

The building segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities

3D Printing Construction Market Trends