The increasing technological advancements and urbanization are providing new growth opportunities to the global 3D concrete printing market.
Covid-19 Impact & Market Status
COVID-19 had severely impacted many production and construction sectors by the imposition of lockdown. Due to lockdown, there was a shortage of labor force that resulted in the stoppage of all the designing and drafting work. Also, all the construction and transportation services had to stop hat caused the company a great loss because they had to stop all their ongoing work. This stoppage of ongoing production, designing, and construction resulted in heavy loss of infrastructure, money, and time. Many companies faced severe damage due to this because their major investments had failed as they were unable to provide the output at the desired time.
After the lockdown was over, all the companies tried their best to use the latest technique provided by 3D printers to overcome their losses and generate high revenue to increase their market value and expand their market size.
The 3D concrete printing technique has solved the issue of labor shortage and enhanced the work by automating the main steps for prototype development.
The development of a prototype for buildings and other architectural designs requires highly skilled laborers. But the current situation doesn’t prevail in mass shifting of skilled laborers from one place to another, hence, the current requirement is the generation of effective tools and techniques that can replace labor work for designing and developing precise prototypes. This has been achieved with the help of 3D concrete printers that make visualization easier and help the customers to understand the final product in a better manner. These features have increased the demand and market value of the 3D concrete printing technique. Hence, many developing countries are shiting to 3D concrete printers for their architectural and residential designing purpose.
Among all the nations, trying to expand their 3D concrete printing market, North America holds the largest share.
Most of the 3D concrete printer potential companies have their base in North America, hence, they help in the development and growth of America’s 3D concrete printing market. For this, North America is investing high resources for the development and growth of the 3D concrete printing market.
The increase in the construction of residential buildings and malls is driving the global 3D concrete printing market by providing new technical tools to aid design and development.
Various companies are constantly trying to provide better visualization to their clients about their goods and services so that the customer can understand the functionalities and benefits of the provided services or goods. This is an important step to understand the customer requirements and expand the market by taking significant feedbacks from the customers. The architectural and residential building sectors have the same concern regarding their developed designs. For a normal customer, it is difficult to understand the statistics and calculations behind the architectural design. To make them understand, visualization is the best option.
This requirement calls for the 3D Concrete Printing Market that enables potential companies to generate a 3D prototype of their models that can provide better visualization to the customer. This has shown significant improvement in customer understanding and satisfaction. 3D printing is flexible with environment or project change, you don’t need to change the whole model in case of any update, you can change that particular segment only by doing proper calculations while making the model.
The Compound Annual Growth Rate (CAGR) of the global 3D concrete printing market is expected to be 139.48% with increased market size of USD 21.48 Billion.
The advanced technologies have made 3D printing easier by eliminating the need to understand the code behind 3D printing for printer users. They can simply insert the softcopy of their designs and set the particular formatting and dimension measures, this will be enough and the further process will be automated. This saves time and cost for the companies because using traditional models to represent designs is time-consuming and its precision can’t be assured. Whereas 3D printing provides models with precise dimensions. These features increase the market value of 3D printing and various companies are using this technique to interact with their client more easily.
The increasing rate of urbanization is demanding for construction of more modern-style residential areas. To fulfill this demand various architectural and residential companies are trying their best to come up with innovative designs that would satisfy the customer. Along with this, many companies are renovating their architectural design to get a more appealing look. For this, a reliable prototype is required that can help the customer to understand all the features provided by a particular design and help them to visualize the final building structure/ This can easily be achieved by 3D concrete printing that enables fast and easy prototype preparation. Hence, continuous improvements or changes to the prototype as per users’ feedback can be done easily.
Apart from all the features and advantages of the 3D concrete printing market, there are a few restraints to its growth. One of the major restraints to the growth and progress of the 3D concrete printing market is the high development cost associated with the 3D concrete printing system. It requires hardware and software support to generate a single 3D print, hence, the whole setup requires high infrastructure cost and maintenance costs. If in case any single component gets damaged, the whole system won’t work and the cost of repairing is also very high because complex technology is associated with the development of these components, hence, it requires highly skilled laborers and expensive tools that increase the service charges.
The major players of the global 3D concrete printing market are Apis Cor, XtreeE, Cobod International A/S, Yingchuang Building Technique Co. Ltd., CyBe Construction, Skanska, D-shape, Sika AG, Heidelbergcement AG, Monolite UK, Winsun, Dus Architects, Universe Architecture BV, Foster + Partners, Carillion Group, Morphedo, CSP S.R.L., Balfour Beatty, and LafargeHolcim.
These potential companies are trying their best to develop components of 3D printers using the latest technologies that would cost less and will be more convenient and user-friendly.
Latest Innovations in the Global 3D Concrete Printing Market: a Snapshot
- ACES is a new development in the building and construction space by the US Army Corps of Engineers which is designed to offer 3D rugged concrete printers to support all types of printing solutions.
3D Concrete Printing Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 21.48 Billion|
|Growth Rate||CAGR of 139.48% during 2021-2028|
|Segment Covered||Printing Type, Concrete Type, Product Type, Techniques, End-Users, Offering, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Apis Cor, XtreeE, Cobod International A/S, Yingchuang Building Technique Co. Ltd., CyBe Construction, Skanska, D-shape, Sika AG, Heidelbergcement AG, Monolite UK, Winsun, Dus Architects, Universe Architecture BV, Foster + Partners, Carillion Group, Morphedo, CSP S.R.L., Balfour Beatty, and LafargeHolcim.|
Key Segments of the Global 3D Concrete Printing Market
Printing Type Overview, 2018-2028 (USD Billion)
- Gantry System
- Robotic Arm
Concrete Type Overview, 2018-2028 (USD Billion)
Product Type Overview, 2018-2028 (USD Billion)
- Floors and Roofs
- Panels and Lintels
Techniques Overview, 2018-2028 (USD Billion)
End-Users Overview, 2018-2028 (USD Billion)
Offering Overview, 2018-2028 (USD Billion)
- Printing Services
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa