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The 3D Concrete Printing Market is Fastest-Growing Sectors and Serves in Construction Industries
The 3D concrete printing market is one of the fastest-growing sectors and serves most of the construction industries which include residential, commercial, infrastructure, and architectural. Factors such as mass customization, reduced labor cost, less waste generation, less accident rates, and environment-friendly technologies drive the demand for 3D concrete printing market. Increase in GDP of countries has enabled them to invest in new constructions and infrastructural development projects and also increased the per capita income of an individual which, in turn, has resulted in the growing demand for new constructions, thus providing growth opportunities for the 3D concrete printing market.
MarketsandMarkets projects that the global 3D concrete printing market will grow from USD 24.5 Million in 2015 to USD 56.4 Million by 2021, at a CAGR of 15.02%. Increase in GDP of countries has enabled them to invest in new constructions and infrastructural development projects and also increased the per capita income of an individual which, in turn, has resulted in growing demand for new constructions, are projected to drive the 3D concrete printing market.
At a global level, companies such as DUS Architects (the Netherlands), Fosters+Partners (U.K.), and Winsun Global (China) are providing 3D concrete printing services. Large construction players such as LafargeHolcim (France), Balfour Beatty PLC (U.K.), Kier Group PLC (U.K.), and Carillon PLC (U.K.) have scope to enter into 3D concrete printing services.
The growth of the 3D concrete printing market was largely influenced by agreements, contracts, collaborations, and new product launches in the past five years. In 2014, Fosters + Partners (U.K.), collaborated with Skanska (Sweden) to develop a new printing technology– “3D-printing concrete robot.” The team is using this technology to print high-performance concrete, which will be used to construct buildings. The technology is expected to benefit the construction industry through the reduced time and money required for building, while giving architects the ability to create complex structures.
In 2016, DUS architects (The Netherlands) developed a 3D printer - KamerMaker, also known as a Room Maker, which is six meters tall. The printer was developed to build a 3D printing canal house. In 2014, WinSun Global (China) constructed a shell of 10 one-room structures in 24 hours in Shanghai's Qingpu district. These rooms were constructed using recycled materials, concrete, and a massive 3D printer measuring 490 feet long, 33 feet wide, and 20 feet deep used to 3D print each of the structural components. This 3D printed building will be used as offices for a Shanghai industrial park.
3D Concrete Printing Market by Product Type (Walls, Floors & Roofs, Panels & Lintels), by Concrete Type (Ready-Mix, High-Density, Precast, Shotcrete), by Software (Design, Inspection, Printing), by End-Use Sector (Architectural, Industrial, Domestic) & by Region - Forecast to 2021
Markets and Markets
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