October 22, 2020
According to the research report titled ‘3D Printing Construction Market Share, Size, Trends, Industry Analysis Report, By Construction Type; By Printing Process; By Printing Material; By End-User; By Regions; Segment Forecast, 2020 – 2026’ available with Market Study Report, global 3D printing construction market is expected to be appraised at USD 14,896.4 million by the year 2026.
Industry experts claim that escalating demand for standardization of work as well as human error reduction, growing environmental concerns, and increasing efforts towards mitigating overall carbon footprint are augmenting the growth of global 3D printing construction market.
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It is to be noted that these printers facilitate in reducing of errors as well as operational costs, which in turn is impelling the adoption of the product across the globe. Moreover, advantageous attributes of the printers such as efficient building of complex structures and design flexibility are further fueling the industry growth.
Additionally, rising investments in the business sphere, robust support from education and research centers for the development of 3D printing solutions, and strategic alliances among leading players are stimulating the global 3D printing construction market outlook.
Based on construction type, global 3D printing construction industry from the modular construction segment is anticipated to grow significantly through 2026. Favorable government investments as well as policies germane to the research and development activities, focus towards decreasing the costs of labor and transportation, and high availability of printing materials are fostering the expansion of the segment.
With regards to the end-user terrain, the building segment reflected the highest market share in the year 2019 and is estimated to show similar growth over the forecast period. Increasing emphasis towards reducing the time and cost associated with infrastructure construction along with growing efforts of industry players towards providing affordable and sustainable housing solutions are propelling the growth of the segment.
From a regional point of view, Asia-Pacific 3D printing construction market is projected to attain substantial expansion during 2020-2026. Factors such as rising expenditure towards infrastructural development, surging demand for green construction solutions, and favorable government investments in 3D printing projects are emerging as lucrative opportunities for the expansion of the regional market.
The organizations that define the global 3D printing construction industry trends are Imprimere AG, ICON, Centro Sviluppo Progetti (CSP), MX3D, CyBe Construction B.V., Sika AG, Monolite U.K. Ltd., Contour Crafting Corporation, Cazza Construction Technologies, Zhuoda Group, Ai Build, Branch Technology, Apis Cor, Skanska AB, Yingchuang Building Technique Co. Ltd. (WinSun), and XtreeE.