Insights Into The 3D Printing Building Construction Market’s Growth Potential 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The market for 3D printing in building construction has witnessed an exponential surge, escalating from $0.11 billion in 2023 to $0.33 billion in 2024, reflecting an extraordinary compound annual growth rate (CAGR) of 201.7%. This extraordinary growth in the historical period is attributed to technological advancements, increased investments in renewable energy infrastructure, the superior efficiency of 3D printing in construction compared to traditional methods, reduced manufacturing costs, the evolution of 3D printing technology, and the rapid rise in urbanization. Looking ahead, the market is forecasted to experience even more remarkable growth, reaching $7.7 billion in 2028, driven by factors such as an uptick in new construction projects globally, the adoption of green construction methods, and an overall rise in disposable income. Prominent trends for the forecast period include the deployment of robotic arm extruders to enhance productivity, substantial investments in 3D prefabrication buildings and modularization techniques to boost construction efficiencies, and the widespread adoption of green construction practices to develop environmentally-friendly buildings, supported by strategic partnerships and collaborations.
The demand for 3D printing in the building construction market is propelled by its ability to construct complex structures within a specified timeframe and at a reasonable cost. 3D printing in building construction proves to be cost-effective, time-saving, precise, safe, labor-cost-efficient, environmentally friendly, and facilitates the construction of intricate building structures. In terms of material usage, 3D printing in construction is economically advantageous compared to traditional manufacturing processes. Additionally, it reduces labor costs by 50%–80%, production time by 50%–75%, and construction waste by 30%–60%. The economic benefits associated with 3D printing in construction are anticipated to be a significant catalyst for market growth.
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What Are The Key Trends That Influence 3D Printing Building Construction Market Share Analysis?
Artificial intelligence (AI) is significantly influencing the 3D printing building construction market by increasing operational flexibility. In October 2022, Australian company Luyten 3D launched the Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer designed for the construction industry. This is one of the world’s largest 3D printers and can transform in size from a 12 x 6 mobile crane in 20 minutes, enabling it to print large-scale structures. The printer features acoustic and optical-based AI for data-driven concrete printing and includes a patented anti-clogging head.
Which Market Players Are Driving Growth In The 3D Printing Building Construction Market?
Major companies operating in the 3d printing building construction market report are ICON Technology, Inc., Mighty Buildings, Inc., Branch Technology, Contour Crafting Corporation, Apis Cor, PERI Group, XtreeE, Mx3D, CyBe Construction B.V., Sanska Group, Yingchuang Building Technique (China), Sika AG, Skanska, LafargeHolcim and Dus Architects, Winsun, Zhuoda Group, Novabeans, Tata Project, Punj Lioyd, Larsen & Toubro and UltraTech Cement, Tvasta Manufacturing Solutions, Ozaz Global, Yingchuang New Materials, Reliance Infrastructure Limited, Komatsu Ltd, Sekisui House, Daiwa House Industries, Mitsui & Co Ltd, Panasonic Homes, Muscle Corporation, Hankyu Hanshin Holdings Inc, Obayashi Corporation, Shimizu Corporation, Takenaka Corporation, Kajima Corporation, Ying Chuang Construction Technology (WinSun), Shanghai Construction Group Co. Ltd., China MCC17, China Construction Eighth Engineering Div, Shanghai Yannuo Building Materials, China Minsheng Drawin Technology Investment, Dou Shupeng, Kejia Construction, Caterpillar Inc., Acciona, WASP, BatiPrint, Be More 3D, Constructions 3D, CSP s.r.l, COBOD, LifeTec Construction Group Inc., SQ4D, 3DCriar, ConstructoraConconcreto, Arup, Aedive (Peru), Materialise Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, Gilbane Building Company, McCrory Construction Company, BESIX 3D, Concreative LLC, ACCIONA S.A., Immensa Technology Labs, Emaar Properties, DuBox, EQUATE, Xtreme Africa
How Is The Global 3D Printing Building Construction Market Segmented?
The 3d printing building construction market covered in this report is segmented –
1) By Construction Type: Modular, Full Building
2) By Process: Extrusion, Powder Bonding, Other Processes
3) By Material Type: Hybrid, Plastic, Metal, Other Material
4) By End-User: Residential Buildings, Institutional Buildings And Commercial Buildings
Read The Full 3D Printing Building Construction Market Report Here
The 3D Printing Building Construction Global Market Report 2024 provides an overview of the 3d printing building constructionmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 3d printing building construction market forecast analyzes 3d printing building construction market size, 3d printing building construction market share, leading competitor and their market positions.
The Table Of Content For The 3D Printing Building Construction Market Include
1. 3D Printing Building Construction Market Executive Summary
2. 3D Printing Building Construction Market Segments
3. 3D Printing Building Construction Market Size And Template Market Growth Rate
4. Key 3D Printing Building Construction Market Trends
5. Major 3D Printing Building Construction Market Drivers
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25. Key Mergers And Acquisitions In The 3D Printing Building Construction Market
26. Top 3D Printing Building Construction Companies
27. 3D Printing Building Construction Market Opportunities And Strategies
28. 3D Printing Building Construction Market, Conclusions And Recommendations
29. Appendix
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