3D Concrete Printing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 65.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
3D Concrete Printing Market Analysis
The 3D concrete printing market is expected to grow with a CAGR of over 65% during the forecast period.
COVID-19 negatively impacted the market in 2020 due to the capital shortages brought on by the lockdowns and postponed construction projects. Due to the pandemic, new investments in commercial and residential construction projects have substantially decreased, reducing demand, restricting cash flow, and increasing unemployment. However, the market is projected to grow steadily, owing to increased building and construction activities during the forecast period.
- Over the short term, increasing demand for customized money-efficient constructions, growing investments in infrastructure due to rapid urbanization and industrialization, and increasing focus on eco-friendly and smart constructions are major factors driving the growth of the market studied.
- However, stagnant industrial growth in developed countries is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, increasing innovations in the Asia-Pacific 3D printing market, especially in China, and the development of reinforced 3D concrete printing are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific is estimated to witness healthy growth over the forecast period in the 3D concrete printing market due to the construction of small-scale residential and other infrastructure projects.
3D Concrete Printing Market Trends
This section covers the major market trends shaping the 3D Concrete Printing Market according to our research experts:
Infrastructural Sector to Dominate the Market
- The infrastructural market for 3D concrete printing has grown significantly, particularly in Asia-Pacific and other growing nations. In nations like India, the infrastructure sector propels the expansion of related industries like townships, housing, built-up infrastructure, and construction development projects, acting as a driver for economic growth in India.
- In 2021, the use of 3D printing in home construction surged. As a result of the rapid growth in urbanization, a need for faster construction of infrastructural structures emerged in several growing countries.
- On October 2022, MiCoB Pvt. Ltd stated that it had achieved a record delivery speed of 30 days for a 3D concrete printed runway controller hut to the Military Engineer Services for the Airbase in Pune. The finished building is India's first hybrid "G+1" structure to combine 3D concrete printing with a prefabricated steel frame.
- Project Milestone is a projected residential complex in Eindhoven, the Netherlands, consisting of five 3D-printed structures designed by Houben/Van Mierlo Architects. The first structure, a single-story single-family dwelling, has been built as of April 2021.
- According to IBEF, in the union budget 2022-23, the government has given a massive push to the infrastructure sector by allocating INR 10 lakh crore (USD 130.57 billion) to enhance the infrastructure sector.
- India intends to invest USD 1.4 trillion in infrastructure through its "National Infrastructure Pipeline." Infrastructure-related operations in FY21 contributed 13% of the USD 81.72 billion in overall FDI inflows.
- Thus, the abovementioned factors are expected to drive the demand for 3D concrete printing during the forecast period.
Asia-Pacific Region to Dominate the Market
- 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.
- China is one of the leading countries in the Asia-Pacific region that emerged as a major 3D concrete printing consumer due to strong government support, efforts toward standardization, and expanding application segments.
- For instance, a team from Tsinghua University's School of Architecture in China constructed a 26.3-meter-long concrete bridge, which is considered to be the world's longest 3D-printed bridge. In less than 450 hours, two robotic-arm 3D printing systems created 176 concrete components for the new 3D-printed bridge.
- In India, 3D printing technology appears to be an effective solution to the housing scarcity problem, which has been one of the primary worries in the past owing to population growth. For example, Tvasta Manufacturing Solutions, a Chennai-based business, recently completed a 500-square-foot house in 21 days using a 3D printer.
- According to Ipsos Global Infrastructure Investor Association, in 2021, 77% of respondents in China stated that they were very or fairly satisfied with the national infrastructure. Moreover, 45% of respondents in Malaysia said that they were either very or fairly satisfied with Malaysian national infrastructure.
- Thus, construction activity has been growing in the Asia-Pacific, which is expected to boost the 3D concrete printing market.
3D Concrete Printing Industry Overview
The 3D concrete printing market is a consolidated market. Key players in the market include Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), COBOD, Apis Cor Inc., ICON Technology Inc., and WASP Srl - Via Castelletto, among others (not in any particular order).
3D Concrete Printing Market Leaders
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Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun)
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COBOD
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Apis Cor Inc.
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ICON Technology, inc.
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WASP S.r.l. - Via Castelletto
*Disclaimer: Major Players sorted in no particular order
3D Concrete Printing Market News
- October 2022: Holcim announced its investment in COBOD International to advance world-class 3D printing materials, robotics, and automation. The 3D-printed windmill tower bases with GE, the world's first 3D-printed school in Malawi, and Africa's largest 3D-printed affordable housing project in Kenya are just a few of the cutting-edge construction projects on which Holcim and COBOD have successfully collaborated.
- April 2022: The US Army is working with ICON to make the largest 3D-printed buildings in the West. The American business has already given American troops many structures, including training barracks and vehicle storage bunkers. ICON's objective is to create three barracks for the military at Fort Bliss, Texas. The company plans to accomplish this by utilizing its renowned Vulcan printer, which has been employed on multiple projects in the State for both military and commercial housing.
3D Concrete Printing Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for Customized and Money Efficient Constructions
- 4.1.2 Increasing Investments in Infrastructure due to Rapid Urbanization and Industrialization
- 4.1.3 Increasing Focus on Eco-friendly and Smart Constructions
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4.2 Restraints
- 4.2.1 Stagnant Industrial Growth in the Developed Countries
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size by Value)
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5.1 By Concrete Type
- 5.1.1 Ready-mix
- 5.1.2 High Performance
- 5.1.3 Precast
- 5.1.4 Shotcrete
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5.2 End-use Sector
- 5.2.1 Residential
- 5.2.2 Commercial
- 5.2.3 Infrastructural
- 5.2.4 Architectural
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 ASEAN Countries
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Nordic Countries
- 5.3.3.5 The Netherlands
- 5.3.3.6 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 GCC Countries
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Apis Cor Inc.
- 6.4.2 COBOD
- 6.4.3 CyBe Construction
- 6.4.4 HEIDELBERGCEMENT AG
- 6.4.5 ICON Technology Inc.
- 6.4.6 HOLCIM
- 6.4.7 MUDBOTS 3D CONCRETE PRINTING LLC
- 6.4.8 Sika AG
- 6.4.9 Skanska
- 6.4.10 WASP Srl - Via Castelletto
- 6.4.11 XtreeE
- 6.4.12 Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Innovations in the Asia-Pacific 3D Printing Market, Especially China
- 7.2 Development of Reinforced 3D Concrete Printing
3D Concrete Printing Industry Segmentation
Cementitious 3D construction printing (3DCP), often known as 3D concrete printing, is a type of additive manufacturing that allows for the fabrication of wholly new geometries not previously feasible with standard concrete formwork.
The 3D concrete printing market is segmented by Concrete Type (Ready-mix, High Performance, Precast, Shotcrete), End-use Sector (Residential, Commercial, Infrastructural, Architectural), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The report also covers the market size and forecasts for the 3D concrete printing market in 14 countries across major regions. For each segment, the market sizing and forecasts have been done in terms of revenue in USD million.
| By Concrete Type | Ready-mix | |
| High Performance | ||
| Precast | ||
| Shotcrete | ||
| End-use Sector | Residential | |
| Commercial | ||
| Infrastructural | ||
| Architectural | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Nordic Countries | ||
| The Netherlands | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | GCC Countries |
| South Africa | ||
| Rest of Middle East and Africa |
3D Concrete Printing Market Research FAQs
What is the current 3D Concrete Printing Market size?
The 3D Concrete Printing Market is projected to register a CAGR of greater than 65% during the forecast period (2024-2029)
Who are the key players in 3D Concrete Printing Market?
Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), COBOD, Apis Cor Inc., ICON Technology, inc. and WASP S.r.l. - Via Castelletto are the major companies operating in the 3D Concrete Printing Market.
Which is the fastest growing region in 3D Concrete Printing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in 3D Concrete Printing Market?
In 2024, the Europe accounts for the largest market share in 3D Concrete Printing Market.
What years does this 3D Concrete Printing Market cover?
The report covers the 3D Concrete Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 3D Concrete Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
3D Concrete Printing Industry Report
Statistics for the 2024 3D Concrete Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 3D Concrete Printing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
