3D Concrete Printing Market at a CAGR of 106.5% Surge Uptake to Reach $40,652.4 million by 2027

High cost for skilled labor in developed nations, increase in focus on minimizing waste generation, and mass customization in enhanced architecture fuel the growth of the global 3D concrete printing market.

According to a recent report published by Allied Market Research, titled, “3D Concrete Printing Market by Printing Type, Technique and End-use Sector: Opportunity Analysis and Industry Forecast, 2020–2027,” the global 3D concrete printing market size accounted for $310.9 million in 2019, and is expected to reach $40,652.4 million by 2027, registering a CAGR of 106.5% from 2020 to 2027. In 2019, North America dominated the global 3D concrete printing market, accounting for around 42.1% share of the global 3D concrete printing industry, followed by Europe.

3D concrete printing refers to construction of building structures and other aesthetic structures in various sizes and shapes by using automated printer. The printers are operated through feeding the program in the software. This software will operate the printer to travel in the desired path that is been programmed into it. The dispensing of concrete through the nozzle is also controlled by the software. Extrusion-based 3D printing uses a screw device or pneumatic actuator to feed material through a cartridge and into a needle or nozzle for layer by layer deposition.

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Conversely, powder-based 3D printing is the process carried out by depositing binding solution onto the ceramic powder bed through a print nozzle. This leads to bonding of these surface areas together to form the pre designed solid part laying one layer at a time. Upon drying the concrete, the product is extracted from the bed and excess powder is eliminated by air jet sprays. Ready-mix, high-density, precast, and shotcrete are the material types that are commonly used for 3D printing. However, these material types are produced with various grades of materials depending on their application.

Covid-19 scenario-

The outbreak of Covid-19 brought in a number of regulations and the real estate market was hugely impacted in the first phase of the lockdown. Accordingly, the demand for such building technology that uses computer-operated robots which can imprint 3D structures for buildings has also been declined to a significant extent.
Nevertheless, with several government bodies coming along with relaxations on the existing regulations, the global 3D concrete printing market is expected to get back to its position soon.

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Leading Players:

The major players profiled in the 3D concrete printing market include Apis Cor, Cobod International A/S, CyBe Construction, D-shape, Heidelbergcement AG (Italcementi SpA), LafargeHolcim, Sika AG, Skanska, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), and XtreeE.

Key Findings Of The Study

By printing type, the gantry system segment was the highest revenue contributor in 2019.
By technique, the extrusion-based segment generated the highest revenue in 2019.
By end-use sector, the residential segment led the market in 2019.
Region wise, North America garnered the largest market share in 2019.

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