3D printing in construction refers to the use of 3D printing technology to produce building components, structures, and even full-scale buildings. This technology allows for the creation of complex, customized designs and shapes, and enables faster and more efficient construction processes.
3D printing can be used to fabricate walls, roofs, flooring, and other building elements, as well as to produce concrete and masonry products, such as precast panels and blocks. The benefits of 3D printing in construction include reduced waste, improved precision, and the ability to produce buildings faster and more efficiently. The 3D printing construction market size was valued at $1.4 billion in 2021, and is estimated to reach $750.8 billion by 2031, growing at a CAGR of 87.3% from 2022 to 2031.
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Key Players in the Market are –
Aectual, Aeditive, Apis Cor, Branch technology, COBOD international, Constructions-3D, Contour Crafting, CyBe Construction, ICON Technology Inc., Mighty Buildings, MX3D, Peri group, Sika AG, WASP Designs, Skanska AB, XtreeE, Winsun
Various governments take initiatives to enhance the living standard of citizen. For instance, in June 2019, the plan of UAE government to construct approximately 25% of new buildings in Dubai as per 3D printed buildings technology by 2025. In order to attain this target, government has selected CyBe construction. Hence, these investments are expected to provide significant growth in 3D Printing Construction Market.
North-America accounted for the largest share of the global market and dominated the global 3D printing construction market in terms of revenue in 2021 owing to expansion of residential and commercial sectors. However, Asia Pacific is expected to register highest CAGR during the forecast period. This is due to increase in R&D investments in developing countries and rise in government investments day-by-day in construction of buildings and infrastructures.
Key Market Segmentation –
By Construction Method –
Extrusion
Powder Bonding
By Material Type –
Concrete
Metal
Composite
By End-User –
Building
Infrastructure
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In conclusion, 3D printing technology has the potential to revolutionize the construction industry. It offers numerous benefits such as reduced waste, faster construction times, improved design capabilities, and greater cost-effectiveness. However, it is important to note that the technology is still in its early stages of development and there are challenges that must be addressed, such as the development of materials suitable for 3D printing in construction and regulatory barriers. Nevertheless, as the technology continues to advance and mature, it is likely that 3D printing will play a larger role in the construction of buildings and infrastructure in the future.
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