The 3D Printing in Construction market was valued at US$36.893 million in 2020 and is expected to grow at a CAGR of 89.17% over the forecast period to reach a total market size of US$3,198.515 million by 2027.
The construction industry can utilize 3D printing to manufacture construction components or build entire buildings using modeling software. 3D printing is becoming more and more popular for manufacturing complex building structures. BIM (Building Information Modelling) has recently emerged as an efficient means of converting digital models into tangible ones. Using 3D printing technology increases accuracy and efficiency, reduces labor costs, and increases construction speed. A growing market for 3D printers in the construction industry is being driven by increased prototyping and design, coupled with increased accuracy and lower manufacturing costs. Green construction projects are driving market growth due to the increased adoption of the technology. To reduce construction costs and build more energy-efficient buildings, construction companies adopt 3D printing and other green construction methods. The term "green construction" refers to the use of sustainable construction techniques and materials in constructing buildings without causing adverse environmental impacts. According to the World Green Building Trends Survey 2018, approximately 47% of the businesses surveyed expect to apply green technology to about 60% of their construction projects by 2021.
In addition to this, governments are promoting innovation through improvements in public infrastructure and legislation that can be used to increase the adoption of 3D printing. Thus, the increasing government support for 3D printing is creating more market growth. Additionally, sustainable construction practices, the demand for affordable housing solutions, and the growth in the construction sector in emerging countries will drive the market's growth over the coming five years. The LEED system is the most commonly utilised sustainability grading system in the world, with over 1.85 million square feet of new construction certified every day.
Construction 3D printing may reduce labor costs as well as produce less waste and allow for the creation of bespoke or complex items more rapidly and more accurately. Additionally, it may be possible to do construction in harsh environments where humans will be of little use, such as in space. With the growing demand for furniture, bridges, and infrastructure made from materials like metals, plastics, and composites, 3D printing technology has significantly boosted the market growth. It is anticipated that the segment’s growth will be driven by companies' efforts to build 3D printed bridges around the world. For example, Weber Beamix and BAM construction firms in the Netherlands are constructing a pedestrian bridge using 3D-printed concrete in April 2021. Approximately 29.5 m will be the length of the concrete bridge. In addition, Weber Beamix will construct 4 more 3D-printed bridges throughout the country. In European countries like the United Kingdom, 3D printing construction companies are increasingly utilizing 3D printing technology for construction, thus driving growth in the region. As an example, in May 2020, Skanska, a company that designs construction infrastructure, announced its collaboration with Loughborough University in the U.K. Together, they will have the purpose of accelerating the use of 3D printing technology in construction in the U.K. An additional reason for moving to custom 3D-printed buildings is its rapid construction speed. For instance, Mighty Buildings, based in California, for instance, now can print an entire unit within 24 hours. When 3D printing can be performed at such speeds, emergency shelters can be created quickly to meet the need for housing and meet the growing housing shortage. In addition to WASP, Mario Cucinella Architects also tests alternatives to concrete for 3D printing. Their recent project, TECLA, was printed in clay in Italy, clearing the way for sustainable long-term 3D printing. The industry is experiencing strong growth which, indicates the market will continue to grow.
There is no set of rules or process for getting 3D printed buildings approved for residential or commercial use. First, public safety codes, electrical codes, plumbing codes, and structural codes will have to be established by the government. Further, 3D-printed buildings have not really gained an audience among architects or engineers. During the design phase, the new technology's additional capabilities aren't being utilized. Also, the traditional blueprint process cannot be used with 3D printers, so the entire process needs to be reworked. Concrete and plastics are pretty much the only materials the printer head can deliver. The printer may not be able to create wooden or steel components for buildings. All of the above factors pose a threat to the market.
The Impact of COVID-19 on 3D Printing in the Construction Market
Lockdowns and restrictions imposed by countries to contain COVID-19 have disrupted worldwide supply chains and affected the state-of-the-art 3D printing building construction industry. As a result of the shutdown of facilities and restrictions on movement, the production of 3D printing machines and the supply of construction materials used to build 3D structures were impacted. Globally, residential and commercial construction declined sharply during the lockdown imposed by governments. Sales of new houses declined significantly as construction slowed and customers stayed indoors. As reported by the United States Census Bureau, the number of new privately-owned houses sold in February 2020 decreased to 717,000, in March 2020 to 619,000, and in April 2020 to 623,000. The 3D printing building construction market is l negatively impacted by a decline in demand.
|Market size value in 2020||US$36.893 million|
|Market size value in 2027||US$3,198.515 million|
|Growth Rate||CAGR of 89.17% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Component, Offering, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Yingchuang Building Technique (Shanghai) Co.,Ltd. (Winsun), XtreeE, apis cor, CyBe Construction, Sika Group, Interelab d.o.o., Rohaco, Imprimere AG|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the 3D printing in construction market size by 2027?
A1. The 3D Printing in Construction market is expected to reach a total market size of US$3,198.515 million in 2027.
Q2. What are the growth prospects for 3D printing in construction market?
A2. The global 3D Printing in Construction market is expected to grow at a CAGR of 89.17% during the forecast period.
Q3. What is the size of the global 3D printing in construction market?
A3. ABS Filament 3D Printing Material Market was valued at US$36.893 million in 2020.
Q4. How is the global 3D printing in construction market segmented?
A4. The 3D printing in construction market has been segmented by component, offering, and geography.
Q5. What factors are anticipated to drive 3D printing in construction market growth?
A5. Green construction projects are driving 3D printing in construction market growth due to the increased adoption of the technology.
Yingchuang Building Technique (Shanghai) Co.,Ltd. (Winsun)
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