3D Printing Construction Market Overview
“The 3D Printing Construction Market Predictable at $3.28 billion in 2022, is estimated to increase at a CAGR of 64.15% from $66.70 billion in 2023 to $509.6 billion by 2030.”
The 3D printing construction market is a rapidly expanding segment of the construction industry that utilizes 3D printing technology to create structures by depositing materials one at a time..
The global growth of the 3D printing market is attributed to the rise in green construction projects and increased awareness of this technology. It offers benefits like reduced waste, faster construction, lower costs, fewer accidents, and unique architectural shapes. The financial backing from governments for 3D printing businesses is expected to open new market opportunities in the coming years.
The market growth is anticipated to be fueled by expanding construction enterprises in emerging nations, eco-friendly practices, and the demand for affordable housing options. Governments and regional authorities are promoting innovation through initiatives like the Innovation Expo, Innovation Attaché Network, National Icons Competition, National Science Agenda, and innovative industrialization.
Governments are promoting innovation by improving public infrastructure and the legal environment, aiming to boost industries using advanced technologies like nanotechnology, additive manufacturing, and robots.
Government support for 3D printing is expected to accelerate industry growth, but high startup costs and higher costs of materials used in industrial and commercial 3D printers may limit its growth, compared to traditional construction processes.
Market growth is expected to be hindered by machine limitations, material restrictions, intellectual property rights concerns, and a skilled labor shortage.
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Key Takeaways
In 2022, Asia-Pacific is expected to hold a significant market share of more than 41%.
In 2022, the extrusion segment contributed more than 63% of the revenue share by building method.
Concrete dominated the market by material type, accounting for more than 34% of total sales in 2022.
By end-user, the building segment dominated the market, accounting for more than 73% of total revenue in 2022.
The infrastructure segment is expected to have the fastest CAGR from 2023 to 2030.
Market Dynamics
Market Drivers
3D printing is becoming more popular in the construction industry
3D printing is gaining popularity in the construction industry for creating complex structures using modeling software applications. This technology offers greater accuracy, efficiency, lower labor costs, and faster construction. The market is driven by the increased use of 3D printers for prototype and design, as well as the improved accuracy and lower manufacturing costs.
The advancement of additive manufacturing and 3D printing technology has significantly improved the creation of detailed models and specific real-size parts. This technology is increasingly being used in the building industry to enhance structure precision by removing material from enlarged printed items using a high-resolution subtractive method, thereby enhancing the efficiency of the process.
Advantages of 3D printing technology
3D printing technology, also known as additive manufacturing, is gaining popularity in the construction industry due to its numerous benefits. Technological advancements have led to increased utilization of 3D printing in the industrial sector, with its adoption expected to rise significantly in the future. The widespread acceptance of this technology is a key factor in its growth.
Initiatives by the government and increasing investment in R&D activities
Governments worldwide offer tax breaks, subsidies, and credits to companies developing new products, such as European innovation awards. These initiatives drive economic growth and job creation by providing access to new markets and financial assistance. Governments consistently promote innovative technology, providing financial support and motivation to businesses implementing innovation.
Governments are promoting innovation through public infrastructure and law, accelerating 3D printing adoption. Service providers are enhancing employee training to improve technical knowledge in specialized facilities. Emerging economies like India, Brazil, China, and Mexico are transitioning to consumer-led economies, enabling service providers to enter these markets with innovative solutions. Increased R&D focus is expected to drive the market during this period.
Opportunity
Globally, there is an increase in new construction projects.
The global construction industry is experiencing a surge in new projects, primarily due to urbanization and increased investments in renewable energy infrastructure. This trend is expected to boost demand for 3D printing technology, with the building sector also experiencing higher spending.
The COVID-19 pandemic is expected to decrease spending in the construction sector, but factors like increased demand for new homes and low lending rates are expected to help recover quickly. Mixed-use facility construction is expanding across multiple U.S. states, and shifting consumer and homeowner needs are expected to fuel diverse projects.
The construction industry is embracing 3D printing to address various challenges, including geometric constraints from the casting process, manufacturing formwork on project sites, material movement issues, and increased work safety hazards. Architects and civil engineers are primarily involved in negotiating these issues, with 3D printing technology potentially providing solutions to these issues.
The 3D printing construction sector is experiencing significant growth due to the increasing use of 3D-printed materials in house construction. The market is expected to gain traction due to its benefits such as improved design forms, faster construction, and lower material costs. This growth, coupled with an increase in construction projects worldwide, is expected to further boost the industry.
Competitive Landscape of the 3D Printing Construction Market
Recent Developments in 3D Printing Construction Market
November 2022 - A Joint Venture (JV) was created by COBOD International A/S and PT Modula Sustainable development Indonesia, a division of Brothers Tbk and PT Bakrie, with the express purpose of growing the 3D construction printing industry in Indonesia.
March 2022 - For manufacturing forged flanges and fittings for the gas, oil, and energy industries in Japan, Shimoda Iron Works Co., Ltd., companies that have contributed fittings and forgings in that country, chose MX3D's Wire Arc Advanced producing technology.
May 2022- CyBe Construction has recently relocated to a fantastic new building on the Kantsingel, Oss's new 'company boulevard.'
March 2022- In Austin, Texas, the leader in innovative construction technology and large-scale 3D Printing debuted "House Zero," its newest 3D-printed home. House Zero is the first of what ICON hopes will be a new breed of residences built mainly to take advantage of the possibilities offered by 3D Printing. The team collaborated with award-winning Texas company Lake|Flato Architects for the first project in ICON's "Exploration Series."
October 2021- Lennar, one of the country's largest homebuilders, and ICON, a construction technologies company that pioneered large-scale 3D Printing, have announced a partnership to build the country's largest community of 3D-printed homes to date, utilizing ICON's innovative robotics, software, and advanced materials. The 100-home complex, which will begin construction in 2022, will be co-designed by the renowned architecture company BIG-Bjarke Ingels Group.
Regional Insights
The global 3D printing construction market is divided into five regions: North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa.
Asia-Pacific's Predominance in the Regional Market
The Asia-Pacific region dominates the global 3D printing construction industry, with its growing manufacturing presence contributing to its economic growth. As a global manufacturing center, 3D printing technology is expected to gain significant traction in the region, highlighting its significant role in the global market.
The APAC 3D printing building market is dominated by China and Southeast Asia, with India, South Korea, Japan, and other Asian countries being considered APAC's rest. However, research initiatives in Japan and India make these countries potential markets for this technology, as they have yet to be marketed in these regions. The growing demand for 3D printing construction in building and infrastructure end-use industries is expected to drive market growth.
The European 3D Printing market is expected to grow steadily, with the UK and other European market participants boosting growth. Skanska, a construction engineering corporation, announced a May 2020 joint venture with Loughborough University to increase 3D printing usage in the UK's building industry.
Segments Covered in the 3D Printing Construction Market
3D Printing Construction Market By Material Type
- Metal
- Composite
- Concrete
- Others
3D Printing Construction Market By Construction Method
- Powder Bonding
- Extrusion
- Others
3D Printing Construction Market By End-User
3D Printing Construction Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
Frequently Asked Questions
What is the 3D printing construction market size?
3D Printing Construction Market Predictable at $3.28 billion in 2022, is estimated to increase at a CAGR of 64.15% from $66.70 billion in 2023 to $509.6 billion by 2030
What will be the CAGR of global 3D printing construction market?
The global 3D printing construction market is poised to grow at a CAGR of 64.15% from 2023 to 2030.
Who are the prominent players operating in the 3D printing construction market?
The major players operating in the 3D printing construction market are Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun), MX3D, COBOD International A/S, ICON Technology, Inc., Sika AG, XtreeE, WASP S.r.I, Apis Cor, CyBe Construction, Contour Crafting Corp. and Others.
Which are the driving factors of the 3D printing construction market?
The driving factors of the 3D printing construction market are the advancements in technology, increased demand for sustainable construction, growing demand for affordable housing and shortage of skilled labour.
- Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
- Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
- Executive Summary
3.1. Market Snapshot
- Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
- COVID 19 Impact on 3D Printing Construction Market
5.1. COVID-19 Landscape: 3D Printing Construction Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
- Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
- Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
- Global 3D Printing Construction Market, By Construction Method
8.1. 3D Printing Construction Market, by Construction Method, 2023-2030
8.1.1 Powder Bonding
8.1.1.1. Market Revenue and Forecast
8.1.2. Extrusion
8.1.2.1. Market Revenue and Forecast
8.1.3. Others
8.1.3.1. Market Revenue and Forecast
- Global 3D Printing Construction Market, By Material Type
9.1. 3D Printing Construction Market, by Material Type, 2023-2030
9.1.1. Metal
9.1.1.1. Market Revenue and Forecast
9.1.2. Composite
9.1.2.1. Market Revenue and Forecast
9.1.3. Concrete
9.1.3.1. Market Revenue and Forecast
9.1.4. Others
9.1.4.1. Market Revenue and Forecast
- Global 3D Printing Construction Market, By End-User
10.1. 3D Printing Construction Market, by End-User, 2023-2030
10.1.1. Infrastructure
10.1.1.1. Market Revenue and Forecast
10.1.2. Building
10.1.2.1. Market Revenue and Forecast
- Global 3D Printing Construction Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Construction Method
11.1.2. Market Revenue and Forecast, by Material Type
11.1.3. Market Revenue and Forecast, by End-User
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Construction Method
11.1.5.2. Market Revenue and Forecast, by Material Type
11.1.5.3. Market Revenue and Forecast, by End-User
11.2. Europe
11.2.1. Market Revenue and Forecast, by Construction Method
11.2.2. Market Revenue and Forecast, by Material Type
11.2.3. Market Revenue and Forecast, by End-User
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Construction Method
11.2.7.2. Market Revenue and Forecast, by Material Type
11.2.7.3. Market Revenue and Forecast, by End-User
11.3. APAC
11.3.1. Market Revenue and Forecast, by Construction Method
11.3.2. Market Revenue and Forecast, by Material Type
11.3.3. Market Revenue and Forecast, by End-User
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Construction Method
11.3.7.2. Market Revenue and Forecast, by Material Type
11.3.7.3. Market Revenue and Forecast, by End-User
11.4. MEA
11.4.1. Market Revenue and Forecast, by Construction Method 2020-2030)
11.4.2. Market Revenue and Forecast, by Material Type
11.4.3. Market Revenue and Forecast, by End-User
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Construction Method
11.4.7.2. Market Revenue and Forecast, by Material Type
11.4.7.3. Market Revenue and Forecast, by End-User
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Construction Method
11.5.2. Market Revenue and Forecast, by Material Type
11.5.3. Market Revenue and Forecast, by End-User
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Construction Method
11.5.5.2. Market Revenue and Forecast, by Material Type
11.5.5.3. Market Revenue and Forecast, by End-User
- Company Profiles
12.1. Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun) Abbott
12.2. MX3D
12.3. COBOD International A/S
12.4. ICON Technology, Inc.
12.5. Sika AG
12.6. XtreeE
12.7. WASP S.r.I
12.8. Apis Cor
12.9. CyBe Construction
12.10. Contour Crafting Corp.
- Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
- Appendix
14.1. About Us
14.2. Glossary of Terms
