Global 3D Concrete Printing Market - Segmented by Concrete Type, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2022 - 2030)

The global 3D concrete printing market is expected to register a CAGR of around 17% during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market in 2017. Asia-Pacific is also expected to register the fastest growth during the forecast period.

Increasing Investments in Infrastructure Due to Rapid Urbanization and Industrialization

The Asia-Pacific construction sector is the largest in the world, and is increasing at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization. Increasing infrastructure construction activity is the major driver for the Asia-Pacific construction sector. In addition, the entry of major players from the EU into the lucrative market of China has further fueled the industry’s expansion. Owing to their business potential, countries, like Indonesia, China, Malaysia, Singapore, and South Korea have become hosts to numerous national and international events. This move has accelerated the demand for hotels, shopping malls, high-rise buildings, and arenas and stadiums (both outdoor and indoor), thereby boosting the construction industry in the respective regions. Thus, construction activity has been growing in the Asia-Pacific, which is expected to boost the 3D concrete printing market.

Residential to Dominate the Market

As a result of rapid urbanization, especially in the developing countries, the demand for residential construction is increasing day-by-day. The market for 3D concrete printing in the residential segment has grown globally, majorly in Asia-Pacific and other emerging economies. The demand for houses is higher than the supply in the emerging nations, such as South Africa, where a rise in demand for housing and growth in new residents in urban areas have increased and the government’s National Infrastructural Plan is supporting this growth, with new projects expected in the future. Moreover, the Government of Saudi Arabia planned to invest in the affordable house-building program. The Saudi government's white land tax initiative to address the country's housing shortage has also augmented residential construction industry growth. These investments for residential constructions and further improvement in the market scenario have increased the market for 3D concrete printing in the residential segment.

Asia-Pacific to Dominate the Market

In 2017, Asia-Pacific, led mainly by China, emerged as a major 3D concrete printing consumer due to strong government support, efforts towards standardization, and expanding application segments. China is expected to serve as the largest market due to its rapid industrial development and increasing urbanized population. Moreover, technologically advanced countries in Europe are projected to lead the field in the digitalization and further industrialization of concrete construction.

Key Developments in the Market

March 2017: Winsun announced the lease of 100 3D printers and technical support to Saudi Arabian Al Mobty Contracting Company for USD 1.5 billion. This is expected to build 1.5 million affordable homes in Saudi Arabia.

Major Players: Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), UNIVERSE ARCHITECTURE BV, Skanska, Dus Architects, Foster + Partners, and Carillion Group (PwC), amongst others.

Reasons to Purchase the Report

How the increasing investments in infrastructure due to rapid urbanization and industrialization will drive the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which concrete type, product type, and end-user industry is expected to dominate the market
Which region is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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