Rapid Expansion Expected in the 3D Printing Construction Market, Projected CAGR of 71.0% during the Forecast Period – By PMI

Covina, June 07, 2023 (GLOBE NEWSWIRE) -- What is 3D Printing Construction? How big is the 3D Printing Construction Market?

Report Overview:

3D Printers are used to create new structures at on-site or off-site for later assembly and allows to design & print more complex designs than traditional manufacturing process with no design restrictions.

Growing building stock and huge investment in infrastructure and buildings has become a major factor in market growth. Growing demand for complex designs in construction has further, fueled the demand for market growth. Technological advancement and growing demand for 3D printing is expected to boost the growth of in 3D Printing Construction market in future.

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3D Printing Construction Market - Growth Factors:

The growth of the 3D printing construction market is fueled by several key factors. Technological advancements, such as improved printing processes and software, drive efficiency and expand the capabilities of 3D printing construction. Cost efficiency is a significant growth factor, as 3D printing reduces material waste and streamlines the construction process, resulting in cost savings. The sustainable and environmentally friendly nature of 3D printing construction aligns with the increasing demand for green building practices. The ability to create highly customized designs and structures, coupled with faster construction timelines, appeals to clients seeking unique and time-sensitive solutions. The rising global demand for affordable housing and infrastructure, along with government support and collaborative partnerships, further propel the growth of the market. As these factors continue to drive innovation and overcome challenges, 3D printing construction is poised to transform the construction industry.

Report Scope:

The 3D Printing Construction Market is segmented as follows:

• By Material Type –

• Metal
• Concrete
• Composite

• By Construction Method –

• Powder Bonding
• Extrusion

• By End-Users –

• Infrastructure
• Building

Competitive Landscape

Some of the main competitors dominating the 3D Printing Construction Market include -

• Yingchuang Building Technique
• COBOD International A/S
• MX3D
• CyBe Construction
• XtreeE
• ICON Technology Inc.
• Apis Cor
• Contour Crafting Corp.
• WASP S.r.l.
• Sika AG

Key Insights from Primary Research:

• More and more companies in the construction industry are using 3D printing technology because it offers benefits like saving money, flexibility in design, and being environmentally friendly.
• Researchers and manufacturers are working on developing new materials that work well with 3D printing in construction. These materials will make the structures stronger and more durable.
• Collaboration between different organizations, such as technology providers and construction companies, is becoming increasingly important. By working together, they can bring new ideas and improve the technology.
• Governments are supporting the use of 3D printing in construction through funding and regulations. They see it as a way to solve housing problems, develop infrastructure, and boost the economy.
• Education and training are essential for people to use 3D printing in construction effectively. Programs and workshops are being offered to teach architects, engineers, and construction professionals how to use this technology.

Key questions answered in this report:

1. What is the current size and growth potential of the 3D printing construction market?
2. What are the primary drivers and challenges influencing the market's growth?
3. What are the latest trends and innovations in 3D printing construction?
4. Who are the key market players, and what are their market shares and competitive strategies?
5. What are the different applications and benefits of 3D printing in construction?
6. What are the regulatory and safety considerations associated with 3D printing construction?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2032
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Application, By Type, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Regional Analysis:

Growing adoption of green projects and environmental benefits of 3D printing such as recycling has given positive impact on market growth. Growing construction activities with smart building projects in emerging economies is expected to boost the demand for 3D Printing Construction market growth over the forecast period.

Recent Developments:

• In July 2021, world’s first Stainless Steel Bridge with 3D-printed developed by MX3D officially opened in Amsterdam. This new developed smart bridge consists of sensors to understand maintenance requirements, usage and IoT smart city questions.
• In October 2021, CyBe Construction started working with Betonindustries Brievengat (BIB) to develop its first 3D printed homes in Caribbean. CyBe markets fixed and mobile 3D printers to deposit its eco-friendly cement.

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