Stratview Research has recently published a report on the 3D Printing Construction Market. This strategically evaluated report provides a detailed overview that presents today’s market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
3D Printing Construction Market Insights:
The 3D printing construction market was estimated at USD .03 billion in 2021 and is likely to grow at a CAGR of 146.64% during 2022-2028 to reach USD 18.91 billion in 2028.
Market Drivers
The growing demand for 3D printing construction is mainly due to its various advantages such as less construction time, cost-effectiveness, flexibility, less occurrence of an error, and great precision.
As per the report, the market is segmented by:
Based on the construction method type, the market is segmented into extrusion and powder bonding. The extrusion segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, fewer chances of error, and cost-effectiveness. Through the extrusion process building components with complex geometrical structures can be constructed.
Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.
Based on the end-use sector type, the market is segmented into building and infrastructure. The building segment leads the market. The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
In terms of regions, Asia-Pacific is estimated to be the largest as well as a fastest growing market during the forecast period, owing to the presence of a large number of manufacturers in the region. China and Thailand are the major markets of the region. The market is majorly driven by an increase in population and a rise in the construction of commercial residential buildings in the region.
COVID-19 IMPACT
COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the 3D Printing Construction Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.
Sneak peek into the Report:
This report serves as a comprehensive source of market analysis. The report’s layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions. The following are the report’s key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends & Key success factors
Key Players
The market for 3D Printing Construction is highly consolidated with the strong presence of key players such as-
- Yingchuang Building Technique
- XtreeE
- Apis Cor
- Monolite UK
- CSP s.r.l.
- CyBe Construction
- Sika
Customization of Reports
Stratview research also offers custom research for market evaluation, competitive benchmarking, sourcing and procurement, target screening, and other services across sectors, in addition to this thorough review.
Research Methodology
Stratview Research’s reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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