3D Printing Construction Market Size, Scope, Growth and Revenue Share Analysis Report to 2031

The Global 3D Printing Construction Market Size is valued at 7.60 billion in 2023 and is predicted to reach 296.70 billion by the year 2031 at a 57.56% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

Building Information Modelling's (BIM) rising popularity is a major force propelling the sector forward (BIM). Building Information Modeling (BIM) is the backbone of the digital revolution of the infrastructure, engineering, and architecture sectors.
The 3D printing construction industry is anticipated to experience strong growth during the forecast period, driven by investments in renewable power generation capacities.
North America dominated the market and accounted for a revenue share of global revenue in 2023.
The biggest obstacle to using 3D printing technology on building sites is probably the high expense of renting such equipment and the challenges of transporting such big printers to the site.

The 3D printing construction industry is a constantly growing industry with the potential to transform how structures are constructed. This technology involves using 3D printers to create buildings and other structures, layer by layer, using various materials such as concrete, plastic, and metal.

The market is being driven by several factors, including the need for more sustainable and efficient construction methods, the increasing demand for affordable and accessible housing, and the growing adoption of 3D printing technology in various industries. While the market is still relatively new, it is anticipated to record significant growth in the coming years, with many major companies investing in 3D printing construction technology and developing new applications.

However, the market also faces several challenges, including the high cost of equipment and materials, the need for specialized expertise and training, and the need to overcome regulatory and safety concerns.

Recent Developments:

In August 2023, Sika reached an agreement to purchase a prominent Peruvian producer of tile setting materials that operates under the Chema brand name. The acquisition gives Sika a leg up in the rapidly expanding mortar sector and opens up huge prospects for cross-selling thanks to its stronger distribution channel footprint

In November 2023, CyBe Construction's newly formed US affiliate is CyBe Florida LLC. This expansion demonstrates the company's commitment to reaching a wider audience and providing state-of-the-art building technology to households nationwide. 3D printing concrete and individualized design processes are only two of the many construction services that CyBe Florida LLC will offer.

Competitive Landscape:

Some of the major key players in the 3D printing construction market are:

Apis Cor
Beijing Huashang Luhai Technology
Betabram
COBOD International A/S
Construction 3D
Contour Crafting Corporation
CyBe Construction
ICON Technology, Inc
Imprimerie AG
Monolite UK
MX3D
Rohaco
Sika AG
Spetsavia
Total Kustom
WASP S.r.I
XtreeE
Yingchuang Building Technique

Market Segmentation:

The 3D Printing Construction Market is segmented on the basis of Construction method, material type and end user. Based on the construction method, the market is segmented into extrusion, powder bonding and others. By material type, the market is segmented into concrete, metal, composite and others. By end user, the market is categorized into building and infrastructure.

Based On End Users, The Buildings Segment Is Accounted As A Major Contributor In The 3D Printing Construction Market

The buildings category is expected to hold a significant global 3D Printing Construction Market share. There is a growing need for affordable and sustainable housing worldwide, particularly in densely populated urban areas. 3D printing construction offers a cost-effective and efficient way to build new homes quickly and with less waste. 3D printing can significantly reduce the time it takes to construct buildings. This is because 3D printers can work continuously and create structures in hours or days rather than weeks or months. 3D printing can significantly reduce building construction costs, particularly in terms of labor and material costs. This makes it a lucrative option for developers and builders looking to reduce costs and improve efficiency.

Overall, the building is expected to be a vital driver of the 3D printing construction market expansion in the coming years. While other application areas, such as infrastructure, industrial construction, and aerospace, will also play important roles, the building will likely dominate due to the significant advantages that 3D printing construction can offer.

The Infrastructure Segment Witnessed Growth At A Rapid Rate

Infrastructure is expected to be a significant application area for 3D printing construction, but it is not anticipated to dominate the market. There are many other potential application areas for 3D printing construction, including residential and commercial construction, industrial construction, and even aerospace and automotive applications. However, infrastructure is a key area where 3D printing construction can provide significant benefits. For example, 3D printing can create bridges, tunnels, and other structures more quickly and cost-effectively than traditional construction methods. This is particularly important in countries experiencing rapid urbanization and needs to build infrastructure quickly to support growing populations.

The Asia Pacific 3D Printing Construction Market Holds A Significant Revenue Share In The Region

The Asia Pacific 3D Printing Construction Market Position is expected to register the highest market share in revenue shortly. Many countries in the Asia Pacific region are experiencing rapid urbanization, and affordable housing is a significant need. 3D printing construction offers a cost-effective and efficient way to build new homes quickly. Many countries in the region, including India, Indonesia, and Vietnam, are investing heavily in infrastructure development.

3D printing construction can accelerate the pace of construction and reduce costs. Besides, Europe is expected to play a significant role in developing and adopting 3D printing construction technology. Europe has a well-established construction industry, which has needed to adopt 3D printing technology compared to other industries. However, this is changing, and many European companies are now investing in 3D printing construction to stay competitive and take advantage of this technology's benefits.