Primary objective of 3D concrete printing study is to define, forecast, and segment 3D concrete printing market on the basis of offering, technique, end-use sector, and region. The study also aims at strategically analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the total market.
3D concrete printing market is anticipated to experience significant growth in the near future due to increasing demand for new constructions globally owing to rapid urbanization and industrialization along with increased investments in the infrastructural developments in the emerging markets. Increasing interest in green construction and the cost efficiency provided by the 3D concrete printing as compared with traditional buildings methods have increased the demand for this technology.
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The 3D concrete printing market was valued at USD 0.3 million in 2017 and is projected to reach USD 1,480.5 million by 2023, at a CAGR of 317.3% during the forecast period.
The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.
Report aims at estimating 3D concrete printing market size & future growth potential of 3D concrete printing market across different segments on the basis of offering, technique, end-use sector, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
Breakdown of Primaries
- By Company Type: Tier 1 –40%, Tier2 –33%, and Tier 3 –27%
- By Designation: C Level – 50%, Director Level – 20%, and Others – 30%
- By Region: North America –20%, Europe –50%,Asia Pacific –15%,and RoW* –15%
Research methodology used to estimate & forecast size of 3D concrete printing market started with capturing data on 3D concrete printed projects, value of each commercialized 3D concrete printed project through secondary research from sources such as companies’ websites, articles on 3D concrete printing, and partnership reports on 3D printed construction. Vendor offerings were taken into consideration to determine the market segmentation.
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The report segments the world 3D concrete printing market on the basis of product type, technology, concrete type, end-use, and geography. According to product type, the market is segmented into walls, roofs, floor, staircase, paving slabs, and panels & lintels.
Walls made from 3D printers are expected to be in demand during the forecast period as they can be readily made and offer variability in their design.
Middle Eastern 3D concrete printing market is projected to be the largest market between 2018 and 2023. Factors such as the supportive government initiatives and the demand for affordable houses are driving the 3D concrete printing market in the region.
Initiatives such as “Dubai 3D Printing Strategy,” which estimates to 3D print 25% of country’s buildings by 2030, aiming to establish Dubai as a leading hub of 3D printing technology, are expected to drive the demand for 3D concrete printing in the region.
More Information “3D Concrete Printing Market by Offering (Printing Services, Materials), Technique (Extrusion-based, Powder-based), End-use sector (Building, Infrastructure) and Region (Americas, Asia Pacific, Europe, Middle East) – Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1558949 .
Asia-Pacific is the leading market in the global 3D concrete printing market owing to the factors such as increasing environmental concerns, growing awareness towards sustainable construction, efforts towards standardization, and expanding application segments. Other factors such as rising urbanized population in China and India along with the growth in disposable income in these countries also impact the growth of the market positively.
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the 3D concrete printing market and provides the closest approximations of revenue numbers for the overall market and its sub segments across different regions.
- The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
- This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes the ranking of the top five players in the 3D concrete printing market.