Market Size of 3D Concrete Printing Industry
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 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 |
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3D Concrete Printing Market Size Summary
The 3D concrete printing market is poised for significant growth, driven by increasing demand for cost-effective and customized construction solutions. The market's expansion is supported by rising investments in infrastructure, particularly in the Asia-Pacific region, where rapid urbanization and industrialization are prevalent. The focus on eco-friendly and smart construction methods further propels market growth. Despite challenges such as stagnant industrial growth in developed countries, innovations in 3D printing technology, especially in China, are expected to create lucrative opportunities. The market's recovery from the COVID-19 pandemic is anticipated as construction activities resume, although initial setbacks were experienced due to capital shortages and delayed projects.
The Asia-Pacific region, with its robust construction sector, is a key driver of the 3D concrete printing market. The region's growth is fueled by increasing infrastructure activities, population growth, and rising middle-class incomes. China and India are leading the charge, with significant government support and innovative projects addressing housing shortages and infrastructure needs. The market is characterized by a few consolidated players, including Yingchuang Building Technique, COBOD, Apis Cor Inc., ICON Technology Inc., and WASP Srl. Collaborative projects, such as those by Holcim and COBOD, highlight the industry's potential in advancing 3D printing technologies for large-scale construction.
3D Concrete Printing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Customized and Money Efficient Constructions
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1.1.2 Increasing Investments in Infrastructure due to Rapid Urbanization and Industrialization
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1.1.3 Increasing Focus on Eco-friendly and Smart Constructions
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1.2 Restraints
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1.2.1 Stagnant Industrial Growth in the Developed Countries
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size by Value)
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2.1 By Concrete Type
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2.1.1 Ready-mix
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2.1.2 High Performance
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2.1.3 Precast
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2.1.4 Shotcrete
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2.2 End-use Sector
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Infrastructural
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2.2.4 Architectural
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Nordic Countries
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2.3.3.5 The Netherlands
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 GCC Countries
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East and Africa
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3D Concrete Printing Market Size 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.