3D Printing Construction Industry Overview
The global 3D printing construction market size is expected to reach USD 4,179.3 million by 2030, registering a CAGR of 101.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising awareness about 3D printing techniques in the construction industry and the significant increase in green construction projects globally. Various benefits offered by this technology, including increased construction speed, reduction in waste, on-site accidents overall costs, and flexibility in creating complex architectural shapes, are also driving its adoption in the construction industry. The funding received by the 3D printing construction providers from the respective governments for developing space-based construction systems is expected to create new opportunities for market growth in the coming years.
For instance, in October 2020, ICON Technology, Inc. announced that it had been awarded a government contract called Small Business Innovation Research (SBIR) and funding from NASA to conduct a space-based construction project called “Project Olympus” on the moon. In this project, ICON Technology, Inc. partnered with BIG and SEArch+, a company specialized in space exploration, to develop lunar structures from the available material on the moon. In addition, the use of this technology in the construction industry can reduce the number of laborers required on-site, which can eventually resolve the labor shortage problem, particularly in countries where the industry is heavily dependent on migrant workers.
However, the technology may not be favorable for countries where the construction industry is a key employer and labor is less expensive. Moreover, individuals using specialized 3D construction printers require proper training, which could add to the overall cost of a project. The outbreak of the COVID-19 pandemic negatively impacted the market growth as supply chains were disrupted and several construction projects were stalled due to the lockdowns imposed by various governments across the globe. Construction companies rely on the supply of equipment and raw materials from their suppliers. However, as several governments restricted the movement of goods locally and across the border, companies had to halt their construction activities, given the stalled supply of raw materials and equipment.
3D Printing Construction Market Segmentation
Grand View Research has segmented the global 3D printing construction market based on the construction method, material type, end-user, and region:
Based on the Construction Method, the market is segmented into Extrusion, Powder Bonding, and Others.
- The segment is estimated to expand further at the fastest CAGR maintain its leading position throughout the forecast period. Extrusion 3D printing is also known as Fused Deposition Modeling, which is one of the additive manufacturingtechniques used for prototyping, modeling, and production applications. The extrusion-based method is majorly used for on-site construction.
- The increasing use of powder bonding 3D-printing technology in the construction industry for constructing complex formworks is driving the segment growth. The demand for this method is high as it is faster, simpler, and more accurate to produce a complex formwork.
Based on the Material Type, the market is segmented into Concrete, Metal, Composite, and Others.
- The concrete material type segment dominated the market and accounted for the largest revenue share of more than 33.9% in 2022. 3D concrete printing is increasingly being used as an alternative to conventional concrete construction owing to its potential to reduce cost, labor, and time and increase overall productivity.
- Owing to these benefits, constructors are focused on developing 3D-printed concrete formwork. The metal segment is also expected to register significant growth over the forecast period. Metal 3D printingoffers opportunities to create internal stiffening, non-prismatic sections, openings, and functionally graded elements, among others, through controlled heating and cooling.
Based on the End-user, the market is segmented into Building, and Infrastructure.
- The building segment dominated the market and accounted for a 72.8% share of the global revenue in 2022. The building segment comprises commercial, residential, and industrial construction. Various construction companies are entering into partnerships with 3D printer providers for constructing homes using 3D printing technology. For instance, in March 2021, 3Strandspartnered with ICON, a construction technology company.
- The infrastructure segment is expected to register the fastest CAGR over the forecast period. The increasing use of 3D printing technology to construct infrastructures, such as furniture and bridges, using materials, such as metals, plastic, and composite, is driving the segment growth. Various initiatives undertaken by key companies across the world to build 3D-printed bridges are expected to drive the segment growth.
Key Companies Market Share Insights
The key players are focusing on expanding their businesses across different geographies and entering new untapped marketplaces in emerging countries to increase their customer base. The companies are also involved in the development of innovative products to cater to the growing consumer demands. In September 2022, COBOD International A/S, a Danish construction-technology company, collaborated with CEMEX S.A.B. de C.V., a Mexican cement maker, to accelerate 3D printing of houses using robots. Under this collaboration, CEMEX has developed additives for standard ready-mix concrete that can be used by builders to print homes using COBOD 3D printers.
The vendors are also entering into partnerships to strengthen their market position and offerings. For instance, in November 2020, CyBe Construction partnered with QOROX, a construction company from New Zealand, to 3D print concrete elements in the North Island city of Hamilton. The company made complex construction processes more sustainable through this partnership and provided 3D concrete printed park benches with unique technology. Some of the prominent players in the global 3D printing construction market include:
- COBOD International A/S
- Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun)
- XtreeE
- Apis Cor
- WASP S.r.I
- CyBe Construction
- Sika AG
- MX3D
- Contour Crafting Corp.
- ICON Technology, Inc.
- Constructions-3D
Order a free sample PDF of the 3D Printing Construction Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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