Global 3D Concrete Printing Market - Size, Shares, and Forecasts (2017 - 2022)
Implementation of automated technologies, such as 3D printing, extrusion, artificial intelligence, and virtual reality, is an important strategy deployed by many construction companies and regulatory bodies to revolutionize concrete industrialization. The demand for 3D concrete printing can be attributed to the rising awareness for environment-friendly and green constructions.
3D concrete printing is a technologically advanced and innovative method that is used for constructing pre-designed building components, with the help of 3D concrete printers. The technology has proven to be able to optimize the construction industry, in terms of construction cost, time, error reduction, flexibility in design, mass customization, and environmental impact. The 3D concrete printing market serves most of the construction industries that include residential, commercial, infrastructure, and architectural.
A majority of 3D printers are used to construct walls that are articulated with detail and precision, making it possible to conveniently construct advanced concrete walls with the push of a button. Moreover, the production of these walls results in zero waste and are less time-consuming. Other building components, such as floors & roofs, panels & lintels, staircases are fabricated using this advanced technology, as well. 3D printers can commercially produce concrete types that include ready-mix, high-density, precast, and shotcrete, among others. The ready-mix concrete segment was the largest in 2016, due to the traits like less storage space on site, reduced labor cost, less wastage, and better quality. Furthermore, with the increasing interest and collaborations between researchers and construction companies in the advancement of this technique, major players in the global 3D concrete printing market have come up with new concrete mixes, which impart high tensile strength made of waste construction materials.
Extensive data analysis, material preparation, and cement-based mortar are prerogatives to carry out this process requiring highly skilled labor, to handle the designing software and tools, along with great capital investment. This investment increase has made many construction companies reluctant to switch from traditional construction practices to 3D concrete printing. Since it is a developing technology, there is a lack of awareness amongst smaller players and consumers. In addition, the variety of product types that can be produced commercially through 3D concrete printing is limited, owing to the absence of industrial standardization. All these factors are expected to be detrimental to the market growth during 2017-2022 (the forecast period).
Areas with Scope for 3D Concrete Printing
In 2016, Asia-Pacific, led by China, emerged as a major 3D concrete printing consumer, due to strong governmental support, efforts towards standardization, and expanding application segments. China is expected to serve as the largest market, due to the rapid industrial development and increasingly urbanized population in the country. Moreover, technologically advanced countries in Europe are projected to lead the digitalization and industrialization of concrete construction. Notable Developments in the Market
In Mar 2017, Winsun announced the lease of 100 3D printers and technical support to Saudi Arabian Al Mobty Contracting Company for USD 1.5 billion, which is expected to build 1.5 million affordable homes in Saudi Arabia.
In Oct 2016, Sika built a dedicated 3D center for automated building construction at the technology park in Widen, Switzerland, concentrating on collaboration and implementation by architects.
Why Purchase the Global 3D Concrete Printing Market Report?
How will the growing urbanization affect the 3D concrete printing market growth?
Know about: the latest regulations & policies associated with 3D concrete printing.
How will the increasing collaborations among companies affect the 3D concrete printing market?
Analyzing various market perspectives with the help of Porter’s five forces analysis
Which region will witness the fastest growth during the forecast period?
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