Market Research Future Insights
The global 3D concrete printing market is projected to register a CAGR of 55.60% during the forecast period from 2022-2030. The market value is expected to reach USD 978.5 million by 2030.
Growing demand for customized and cost-effective structures is one of the key growth drivers for the worldwide 3D concrete printing market. This encourages businesses to perform more involved and extensive tasks to satisfy evolving and growing demands. Additionally, the sector is seeing a rise in cash and investments to construct a solid infrastructure that will help the global market expand and compensate for the losses from the pandemic.
Regional Analysis
3D concrete printing markets are covered in regions like the Americas, Europe, Asia-Pacific, the Middle East & Africa. North America held the largest market share in 2018, at 35.63%. The market value during 2018 was USD 10 million. The rise of platinum-rated buildings, green buildings, and sustainable constructions in commercial real estate are one of North America's significant drivers of the 3D concrete printing market.
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The Asia-Pacific market is anticipated to be the fastest-growing region for this market. The primary reason for this growth is a significant increase in spending capacity, industrialization, and urbanization. The Asia-Pacific 3D concrete printing market held a market value of USD 6 million in 2016 and is estimated to show a 14.51% CAGR during the forecast period.
Market Segmentation
The market for 3D concrete printing has grown because of the successful production carried out by market segments and their growing capacity to satisfy the various needs of the target market. The following segment heads have been used to segment the global market:
By concrete type
By application
By end-use
The surge in demand for residential complexes and housing development has led to a shift in the 3D concrete printing global market. The residential market is anticipated to rise at a 15.35% CAGR during the forecast period. The industrial segment will project a CAGR of 55.60% during the forecast period.
Key players
The major companies that are leading in the 3D concrete printing market are: