Jan 13, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D Concrete Printing Market.
It was estimated prior to this unanticipated outbreak that the 3D Concrete Printing Market is at a nascent stage and likely to witness a significant CAGR of 300% during the forecast period. The prime factor contributing to the demand for 3D concrete printing is the technology’s capability to develop complex building geometries with more precision, safety, without generating waste and at an affordable rate. The cost-effectiveness and time-saving characteristics are also increasing the adoption of it in the building and infrastructure sectors. It is still not possible to create fully functional houses and is used to build frames and walls of houses. However, it can build bridges, benches, and outdoor decorations.
3D concrete printing is used to manufacture building or construction components in completely new shape which is not possible in earlier conventional concrete formwork. It offers benefits such as manufacturing new customized and complex structures, digitalize the process in order to streamline construction and minimize material waste, increased productivity, time saving, lower construction cost.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the technique type, the market is segmented as extrusion-based and powder-based. Extrusion-based technique dominated the market in 2019, and is expected to remain dominant during the forecast period due to its capability to produce complex building structures at a larger scale. It has also the ability to produce structures with conventional construction materials.
Based on the end-use industry type, the market is segmented as building and infrastructure. The building sector dominated the market in 2019, and is expected to grow at a higher CAGR during the forecast period. Increasing adoption of 3D printing in the building industry due to its ability to create lightweight structures while maintaining its structural integrity, and to build complex structures with ease at an affordable rate is driving the 3D concrete printing market.
In terms of regions, Europe is estimated to remain the largest market for 3D concrete printing during the forecast period due to increasing construction activities with complex structures. Majority of the key companies’ presence in the region such as XtreeE, Monolite UK Ltd., Apis Cor, CyBe Construction B.V., and Sika AG further contributing to the leading share.
Key players operating in the global 3D Concrete Printing market are-
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The 3D Concrete Printing analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors