The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global 3D concrete printing market. In addition, complete analysis of changes on the global 3D concrete printing market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Its impact, which differs across sectors, has been significant in the construction sector and thus in the 3D concrete printing industry. For instance, since construction is sensitive to economic cycles, construction companies and workers are mostly vulnerable to the drastic decline in economic activity resulting from the pandemic. Moreover, due to COVID-19, many undergoing construction projects of the countries has witnessed sudden price increase of the construction materials. Thus several contractors of the civil, industrial and infrastructural construction have reduced the overall budget of the certain construction projects. This is ultimately impacted the 3D concrete printing industry of the world.
The global 3D concrete printing market has gained noteworthy growth owing to increasing investments in infrastructure due to rapid urbanization and industrialization. 3D concrete printing is preferred widely for the construction due to increasing focus on eco-friendly and smart constructions. Furthermore, the overall market is also being propelled by the swiftly increasing demand for new construction projects across developing regions such as India and China. In addition to this, improving infrastructure, growing expenditure on construction projects and demand for customized & money efficient constructions are some of the major factors responsible for this growth.
3D concrete printers have been used to construct housing in numerous nations across the globe including Belgium, Germany, Morocco, Dubai, and France, as well as an office in Denmark. The rapid development 3D concrete printing technology has result in numerous extraordinary innovations. For example, Twente Additive Manufacturing (TAM) has joined gantry and robotic arm systems to construct a 9-axis printer, including the typical 6 axes of a robotic arm 3D concrete printer, as well as the added translation, elevation and rotational Cartesian axes of the gantry system. Numerous of these innovations have globally significant applications to problems such as homelessness and the preservation of natural resources. Thus, rapid technological advancements in the field of 3D concrete printers is propelling the market growth.
Some of the drawbacks of the 3D concrete printing technology could hamper the market growth. Cost is one of the major hurdles that’s impeding the extensive use of 3D printing in construction. The high cost of renting or owning this equipment and getting these huge 3D printers to the worksite is a main obstacle. In addition to that, the cost of maintenance and materials is a burden that not numerous constructors are eager to bear.
Major challenge in the market growth is the lack of skilled labor in the construction sector. To operate the 3D printer, one necessities to be skilled to operate the equipment, design computer models, and service it when required. 3D printing necessitates a specific skill set that makes it both costly and hard to find. In addition, even though 3D printing does reduce the probabilities of human errors. It could also end up creating rapid and expensive mistakes if the projects are not overseen with expertise.
The report provides in-depth analysis of global 3D concrete printing market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing use of 3D concrete printing in end use sectors like architectural and domestic construction is attributed to the market growth.
The global 3D Concrete Printing market comprises of different market segment like concrete type, product type, end use, and geography.
Based on concrete type, the global 3D concrete printings market is segmented into ready mix concrete, precast concrete, shotcrete, high-density concrete, lightweight concrete, limecrete and stamped concrete. Among all concrete types, the ready mix segment accounted for the largest share of the 3D concrete printing market in 2021. This segment has shown significant growth owing to extensive use in constructions to speed up the structures and reduce cement consumption.
Based on product type, the market is categorized into walls, roofs, floor, staircase, paving slabs and panels & lintels. The walls accounted for a market major share in 2021 and is expected to dominate during the forecast period, as walls made from 3D printers are in high demand due to variability in their design. In addition, 3D concrete printers are in use today for homes, architectural features, and construction projects from wells to walls, which is ultimately contributing to the market growth.
Based on end use, this market is segmented into architectural construction, industrial construction, domestic construction (including residential and non-residential) and others (sports, education, and health care). Among these, the domestic construction dominated the market in 2021, owing to surging demand for complex building structures and affordable housing worldwide. In addition, increasing need for reasonably priced houses, together with the trend toward the development of complex building structures is boosting the segment growth.
The global 3D concrete printing market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is estimated to account for the largest share in 2021, followed by Asia-Pacific and North America. Factor such as presence of 3D concrete printing manufacturers in countries such as France, Russia, the UK, and Germany is fueling the growth in Europe. In addition to this, growing residential construction and increase in demand for complex building structures will boost the adoption of 3D concrete printing during the projected period. The Middle East region is expected to grow at the considerable CAGR during the forecast period. This growth can be attributed to development of commercial sector and supportive government initiatives such as "Dubai 3D Printing Strategy". Moreover, emerging economies such as China and India are consuming a high volume of 3D concrete printing products, primarily due to immense rise in population and the resultant rise in the number of building construction ventures.
Strategies such as expansions, as well as partnerships and agreements are implemented by numerous market players to expand their R&D competences and geographic presence in the global market.
Some of the market players of the global 3D concrete printing market include 3D Printhuset, Acciona, Balfour Beatty, Carillion Group (PwC), Cazza Construction Technologies, Contour Crafting, Cybe Construction, Dus Architects, Foster + Partners, Heidelbergcement AG, Kier Group plc, Kohn Pedersen Fox Associates PC, LafargeHolcim, Monolite UK (D-Shape), Sika AG, Simpliforge, Skanska and Xtreee.
January 2022: Simpliforge Creations, developed of additive manufacturing solutions, launched their first-of-its-kind, advanced Robotic Construction 3D Printer. The 3D Printer can print furniture, landscaping elements, wall façade, and statues, among others, to full-scale civil structures.
May 2020: Pikus Concrete, the US-based firm has partnered with Sika to commercialize concrete 3D printing technology in the construction sector and tap its vast potential. Pikus’ first concrete 3D printer using Sika technology has already started operations in Lehi, Utah.
3D concrete printing, also known as three-dimensional concrete printing is a novel technology that uses 3D printers for construction. 3D concrete printing has been heralded as one of the most disruptive technologies, finding major applications in architectural, industrial, and domestic constructions. This printing technique offers more sustainable construction and reduction of material costs. The global 3D concrete printing report gives an overview of key market forces propelling and restraining the market growth. Furthermore, the report helps to identify and analyse the emerging trends along with major drivers, challenges and opportunities in the global 3D concrete printing market. The global 3D concrete printing market is estimated and forecasted in terms of revenue (USD million) generated by the global market. The report analyses the global 3D concrete printing market based on concrete type, product type, end-use and geography. Based on concrete type, the global 3D concrete printings market is segmented into ready mix concrete, precast concrete, shotcrete, high-density concrete, lightweight concrete, limecrete and stamped concrete. Based on product type, the market is categorized into walls, roofs, floor, staircase, paving slabs and panels & lintels. Furthermore, based on end use, this market is segmented into architectural construction, industrial construction, domestic construction and others. By geography, the global 3D concrete printing market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
1) What are the drivers for 3D Concrete Printing market?
Ans: The key driving factors of the market are increasing market for building and construction industry across the globe
2) Which is the leading end use segment for 3D Concrete Printing market?
Ans: Domestic construction has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2021-2028)?
Ans: Europe is expected to gain major market share during the forecast period (2021-2028).