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3D Printing in Construction Market Trends

  • Report ID: GMI11834
  • Published Date: Oct 2024
  • Report Format: PDF

3D Printing in Construction Market Trends

There is a growing trend for onsite 3D printing of buildings is driven by the need for faster, more efficient construction processes. This technology reduces labor costs and material waste while enabling the creation of complex designs that traditional methods can't easily achieve. 3D printing also supports sustainable construction by using eco-friendly materials and reducing carbon emissions. Additionally, it allows for greater customization and adaptability, making it attractive for innovative architectural projects and affordable housing solutions. As a result, it is gaining popularity in the construction industry.
 

One key challenge of 3D printing in construction industry is the high initial costs associated with acquiring and maintaining 3D printing equipment. Advanced printers, along with the materials required, often require significant capital investment, which can be a barrier for smaller construction firms. Additionally, specialized training is needed to operate the equipment, adding to the upfront costs. This limits technology’s widespread adoption, particularly in regions where construction budgets are more constrained. Overcoming this challenge will require further technological advancements and cost reductions.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market for 3D printing in construction was reached USD 1.5 billion in 2023 and is expected to grow at a 59.6% CAGR from 2024 to 2032, driven by rising demand for cost-effective and sustainable building solutions.

The concrete segment held over 65% share of the 3D printing in construction market in 2023 and is projected to surpass USD 55 billion by 2032, propelled by its versatility and strength for structural applications.

The commercial segment held 37% of the market share in 2023, due to the rising demand for innovative and sustainable building solutions.

North America held over 35% of the 3D printing in construction market in 2023 and is expected to exceed USD 30 billion by 2032, driven by strong technological infrastructure and significant investments in innovation.

Major players in the 3D printing in construction market include Apis Cor LLC, COBOD International A/S, Contour Crafting Corporation, CyBe Construction BV, ICON Technology, Inc., Peri GmbH, Sika AG, XtreeE SAS, Yingchuang Building Technique Co., Ltd.

3D Printing in Construction Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 180
  • Countries covered: 21
  • Pages: 252
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