Anticipated Growth of 3D Printing in Construction Market to USD 3.3 Billion by 2031, According to Transparency Market Research, Inc.


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Using eco-friendly materials and reducing construction waste will increase the use of 3D printing in construction.

Wilmington, Delaware, United States, Jan. 02, 2024 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The 3D printing in construction industry was worth US$ 1.2 billion in 2021. It is expected to increase at a CAGR of 40.3% from 2022 to 2031. The market is expected to reach US$ 3.3 billion by the end of 2031. 3D printing by minimizing waste and labor costs can reduce construction costs significantly. In addition to allowing the efficient use of materials, the technology allows construction processes to be cost-effective.

Compared to traditional methods, 3D printing allows for faster construction. A layer-by-layer construction method can accelerate project timelines by enabling complex structures to be developed in a shorter period. It allows for intricate and customized designs that were previously difficult or impossible to produce using traditional construction methods. Buildings can be structurally sound and innovative at the same time when architects and builders employ innovative and unique designs.

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Key Findings of the Market Report

Based on component, the services segment is predicted to drive demand for 3D printing in construction.

In terms of material, the concrete segment is expected to generate significant demand in the years to come.

According to construction methods, powder bonding is going to grow 3D printing in the construction market.

North America is anticipated to lead the 3D printing market in the construction sector in the coming years.

The Middle East & Africa market for 3D printing in construction is predicted to see a substantial rise between 2022 and 2031.

Worldwide 3D Printing in Construction Market: Growth Drivers

One of the main advantages of 3D printing is its ability to minimize material waste, making it a sustainable practice. In line with global efforts towards environmental friendliness, some 3D printing techniques are incorporating green and recyclable materials. The integration of robotics and automation in 3D printing processes enables greater efficiency and precision. Construction laborers can work steadily, devoid of long pauses, with these automated systems, which are more effective and quicker.

3D printing is witnessing a surge in popularity due to the global need for low-cost housing solutions. This technology carries the potential for quick and cost-efficient solutions to housing deficits, leading construction and development firms to take notice of it.

3D printing technology in construction has been receiving attention and support in the form of grants, subsidies, and favorable policy measures from various government bodies, invigorating the industry to innovate and incorporate emerging technologies. The continuous development of 3D printing technology in the construction industry is improving aspects such as the variety of materials being used, the speed of the process, and the scale of operations. The traditional construction approach introduces risks to worker safety, but through automation offered by 3D printing, these hazards can be significantly decreased.

Major players in the Global 3D Printing in Construction Market:

The market for 3D printers now includes diverse models like gantry-mounted printers, polar machines, and mobile robots. With these printers, a variety of structures like homes, offices, and bridges can be created. Despite the evident advantages of 3D printing, its adoption rate remains limited. To tap into the potential of the 3D printing in the construction market, providers are focusing on developing more advanced products.

Construction sector is of a conservative nature, heavily relying on traditional methods of operation. Hence, it is struggling to integrate 3D printing technology and has yet to fully embrace it. Despite this, several companies have initiated the use of 3D printing for larger scale projects. These include:

Apis Cor Inc.,

COBOD International A/S,

Contour Crafting Corporation

CyBe Construction

ICON Technology, Inc.

MudBots 3D Concrete Printing, LLC

MX3D

WASP S.r.l.

XtreeE

Yingchuang Building Technique (Shanghai) Co. Ltd. (WinSun)

Black Buffalo 3D Corporation

Samsung C&T Corporation

L&T Construction

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Key Developments

During the final month of 2023, a collaboration between AKF, a Danish real estate developer, 3DCP Group, and Saga Space Architects led to the creation of a 72m2 building made of low CO2 concrete. Unique amenities in this revolutionary construction include a gym, a guest room, laundry facilities, and a COBOD BOD2 printer.

Also in the same month, Domex 3D, a startup company from Germany, caused a stir in the 3D printing sector. The company integrates 3D printing and robotics to develop numerous construction automation technologies.

Global 3D Printing in Constructions Market: Segmentation

By Component

Hardware

Software

Services

By Material

Concrete

Composites

Plastics

Metals

Others

By Construction Method

Extrusion

Powder Bonding

Others (Additive Welding, etc.)

By Printing Type

Full Building

Modular Components of Building (Walls, Ceilings, Floors, etc.)

By End User

Buildings

Residential

Commercial

Infrastructure

Foundations

Bridges

Others

By Region

North America

South America

Europe

Asia Pacific

Middle East & Africa

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More Trending Reports by Transparency Market Research –

3D Printing in Eyewear Market – The global market was valued at USD 580.4 Mn in 2021 and it is estimated to grow at a CAGR of 11.9 % from 2022 to 2031 and reach USD 1.76 Bn by the end of 2031.

Construction Robots Market – The industry was valued at USD 91.2 Mn in 2021 and it is estimated to grow at a CAGR of 15.3 % from 2022 to 2031 and reach USD 359.6 Mn by the end of 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

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“Why did the 3D printer go to therapy? Because it had too many layers of unresolved issues!”


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GCode-Guru

Meet the mastermind behind NozzleNerds.com: GCode-Guru, a 3D printing wizard whose filament collection rivals their sock drawer. Here to demystify 3D tech with a mix of expert advice, epic fails, and espresso-fueled rants. If you've ever wondered how to print your way out of a paper bag (or into a new coffee cup), you're in the right place. Dive into the world of 3D printing with us—where the only thing more abundant than our prints is our sarcasm.

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