The global 3D
Printing Construction market size is expected to reach USD
14,896.4 million by 2026 according to a new study by Polaris Market Research.
The report “3D Printing Construction Market Share, Size, Trends,
Industry Analysis Report, By Construction Type (Modular, Full Building); By
Process (Extrusion, Powder Bonding, Others); By Material (Concrete, Plastic,
Metal, Hybrid, Others); By End-User (Building [Residential, Commercial,
Industrial], Infrastructure); By Regions; Segment Forecast, 2020 – 2026” gives
a detailed insight into current market dynamics and provides analysis on future
market growth.
The 3D Printing in Construction
market is projected to witness a significant growth over the forecast period.
The processing of the components in the 3D printer depends on the input file in
a computer-controlled program. Use of software program in these printers
significantly reduces human errors involved in conventional processes.
Standardization of work is possible with the help of 3D printers, which would
ultimately result into reducing the operational costs and reduction in human
errors. The ease of using this technology and the reduction in errors drive the
growth of the 3D printing market. This technology also offers design
flexibility, efficient building of complex structures, and reduced carbon
footprint.
Some of the
major market participants include XtreeE, WinSun, Skanska, Apis Cor, Branch
Technology, AI build, Zhuoda Group, Cazza construction Company, Contour
Crafting Corporation, Monolite UK, Sika, Cybe Construction, Mx3D, Centro
Sviluppo Progetti, Icon, and Imprimere Ag.
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In October 2019, Apis Cor and the
University of Nantes collaborated to construct a building in Warsan, Dubai,
which holds the Guinness record for largest on-site 3D printed building. The
building was printed on-site using mineral-infused fluids capable of solidifying
into concrete. With increasing investments in the global 3D printed building
market, specialist companies, construction firms, and building material
manufacturers are collaborating to develop new and advanced building solutions
to cater to the growing consumer demand. In 2019, there were 65 active
companies who are offering these solutions for architects and engineers in the
infrastructure industry, which is a significant increase from 20 active
companies in 2013.
Apart from 3D printing startups,
building and infrastructure giants such as VINCI Construction Grands Projects,
and Bouygues Construction among others are collaborating with 3D printing solution
providers to tap into the growing market. Education and research centers such
as Nantes University, Massachusetts Institute of Technology, and Loughborough
University among others who further offer tremendous support for development of
these solutions and development process.
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The demand for 3D printing for
industrial buildings has increased to reduce high costs and time associated
with constructing the infrastructure. In 2019, the building segment accounted
for the highest market share. To address shortage of affordable housing
solutions, companies such as Haus.me and S-Squared are developing low priced,
and sustainable 3D printed housing options. These companies have peaked the
interest of consumers in 3D printed houses with greater convenience in construction
and speed.
On the basis of construction type,
the market is segmented into modular, and full building. Modular construction
is being used for mass production of objects in factories to be later
transported to site. Availability of a wide range of printing materials,
reduced transportation cost, decrease in labor costs, and substantiating
policies and financial aid provided by government in research and development
would support the growth of this segment.
Asia Pacific emerged as the largest
market in 2019 and is expected to maintain its dominance over the forecast
period. Various government investments in 3D printing projects, increased
expenditure in infrastructure and growing demand for green construction
solutions are factors offering growth opportunities in the market.
About Polaris Market Research
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intelligence and in-depth business research services for our clientele spread
across different enterprises.
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