3D Concrete manufacturing is a modern technology utilized by architects and design firms to produce building parts or to ‘print’ whole structures. 3D concrete printing allows to create complicated geometries for building, offer better protection and precision, and produce fewer waste, resulting in the creation of large building systems at an inexpensive cost. Structural elements are formed layer by layer from the high-performance concrete which is released from the nozzle without any frame or vibration. This technology brings unique and modern architectural ideas and differs entirely with the structures of the current architecture.
The global 3D concrete printing market size was valued at USD 34.9 million in 2019 and projected to reach USD 78.3 million by 2027 at a CAGR of 10.63% due to the growing competition for complicated infrastructure at competitive prices and rising building project volumes. Rising demand for complicated mechanisms at reasonable prices, rapid urbanization and increasing investment in new construction projects across regions can fuel the growth of the global market. Companies are investing in more advanced 3D concrete printing devices that can produce large concrete buildings such as lintels, walls and roofs. Moreover, the growing building activities are increasing business growth in the developing economies at a considerable rate.
However, the lack of knowledge of the construction industry’s automation techniques is a significant obstacle which hinders the growth of the global 3D concrete printing market. In addition, the rising capital investment is projected to challenge the growth of global market.
The rising urbanization is likely to boost the global 3D concrete printing market at a significant rate. Urbanization leads to the growing number of rural residents living in urban areas. It results mostly in the increase in connectivity in metropolitan areas. The role of urbanization in growth stems from the two causes: a difference between rural and urban productivity levels and a more stable change in urban productivity. By 2045, the population of urban city residents is expected to grow by 1.5 times to 6 billion and adding 2 billion more urban residents. Moreover, it is projected that more than 80 % of global city-generated GDP and urbanization will lead to improved expansion by increasing productivity, supporting technological development to emerge, and new ideas estimated to support the global market.
The rising focus on making housing affordable is one of the major factors, which estimated to boost the global 3D concrete printing market at a significant growth rate. Today, 3D concrete printing is becoming increasingly common in the building industry due to the advantages provided to printers such as quicker production, improved design capacity, cost savings, and more. 3D Concrete Printing enables suppliers and building contractors to use pre – built concrete parts for infrastructure projects, reducing time, energy and effort in the phase. 3D concrete printing technology is used to build houses, cabins, bridges, large buildings, offices, pavilions, shelters, and more.
The COVID-19 outbreak recently severely impacted the healthcare system of developed and developing economies. There is hardly any place in today’s globalized world that has been left untouched by the severity of the Novel Coronavirus or the Covid-19 pandemic. At the hands of the Covid-19 almost every commercial activity suffers. There are several effects of the lockout that will further expand the sector ‘s problems such as reverse migration, supply chains instability, among others. US building depends heavily on foreign content imports, including steel, coal, iron, stone and fittings, many of which come from China. In February after the closure of Chinese production plants, the Port of Los Angeles announced a 23 per cent year-over-year decline in shipping containers. The several restrictions put into effect by the government bodies to regulate the impacts of the virus can prompt a shortage of raw material and industrial capacity, disrupt the supply chain, and create further disabilities in the performance of contractual duties.
Based on the offering, the global 3D Concrete Printing market is bifurcated into Printing Services, and Materials. The printing services segment is expected to dominate the market during the forecasted period of 2020-2027 across the globe owing to the rapid industrialization and urbanization majorly in the emerging nations. In addition, the reduction of lower generation of waste is projected to further boost the global market.
However, the materials segment is anticipated to have the significant growth rate over the forecasted period by 2027 owing to the due to the rise in construction projects across the globe.
Based on the technique, the global 3D Concrete Printing market classified into Extrusion-based, and Powder-based. The extrusion-based technique segment is projected to dominate the global 3D concrete printing market during the forecasted period by 2027 owing to its capacity to assemble large construction components of complicated geometric designs. Additionally, the usage of conventional construction material is expected to drive the market at a considerable rate.
However, the Power-based technique segment is estimated to have the substantial growth rate across the globe due to the advantage of having high efficiency and environment protection ability.
Based on the end-user, the global 3D Concrete Printing market segmented into Building, and Infrastructure. The building segment is predicted to hold the largest share over the forecasted period of 2020-2027 across the globe owing to the rising demand for the affordable houses and residential buildings. In addition, at present, approximately 1.2 billion people are living in cities without secure and affordable housing.
By geography, the global 3D Concrete Printing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to dominate the global market during the forecast period of 2020-2027, owing to the advancement in technology across the region.
However, Asia Pacific is estimated to have the fastest growth rate over the forecasted period by 2027 owing to the emerging economies including China, and India. The propelling awareness towards the sustainable construction across the region is further projected to boost the global market. Additionally, the rise in disposable income across the region is estimated to fuel the 3D concrete printing market across the globe at a considerable growth rate.
Companies such as DUS Architects, Cybe Construction, UNIVERSE ARCHITECTURE BV, Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), Sika AG, Rohaco, Imprimere, Skanska, Fosters + Partners, Acciona S.A., WinSun Global, HeidelbergCement AG, LafargeHolcim, Balfour Beatty, Apis Cor, Carilliom Plc, Betabram, Beijing Huashang Luhai Technology, Icon, and Total Kustom are the key players in the global 3D Concrete Printing market.