How Is The 3D Printing Building Construction Market Segmented?
The 3D printing building construction market covered in this report is segmented –
1) By Construction Type: Modular, Full Building
2) By Process: Extrusion, Powder Bonding, Other Processes
3) By Material Type: Hybrid, Plastic, Metal, Other Material
4) By End-User: Residential Buildings, Institutional Buildings And commercial buildings
Subsegments:
1) By Modular: Prefabricated Panels, Structural Components, Walls And Floors, Other Modular Elements
2) By Full Building: Residential Buildings, Commercial Buildings, Industrial Buildings, Public Infrastructure
What Is Driving The 3D Printing Building Construction Market? The Economic Advantages Of 3D Printing In Building Construction
The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing in the building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, is safe, cuts labor costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces labor costs by 50%–80%, production time by 50%–75%, and construction waste by 30%–60%. Therefore, the economic benefits offered by 3D printing construction are expected to significantly boost the market's growth.
What Is Driving The 3D Printing Building Construction Market? Increasing Construction Activities Propel Growth In The 3D Printing Building Construction Market
Increasing construction activities are expected to propel the growth of the 3D printing building construction market. Construction activities refer to the processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their lives. The utilization of 3D printing in building construction enhances construction efficiency, minimizes waste, and facilitates intricate architectural designs. For instance, in March 2023, according to Oxford Economics, a UK-based economic information services company, Construction activity is expected to increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, fueled by the major construction markets of China, the US, and India. Therefore, increasing construction activities are driving the growth of the 3D printing building construction market.
Who Are The Major Players In The Global 3D Printing Building Construction Market?
Major companies operating in the 3D printing building construction market include ICON Technology, Inc., Mighty Buildings, Inc., Branch Technology, Contour Crafting Corporation, Apis Cor, PERI Group, XtreeE, Mx3D, CyBe Construction B.V., Sanska Group, Sika AG, Skanska, LafargeHolcim and Dus Architects, Zhuoda Group, Novabeans, Tata Project, Punj Lioyd, Larsen & Toubro and UltraTech Cement, Tvasta Manufacturing Solutions, Ozaz Global, Yingchuang New Materials, Reliance Infrastructure Limited, Komatsu Ltd, Sekisui House, Daiwa House Industries, Mitsui & Co Ltd, Panasonic Homes, Muscle Corporation, Hankyu Hanshin Holdings Inc, Obayashi Corporation, Shimizu Corporation, Takenaka Corporation, Kajima Corporation, Ying Chuang Construction Technology (WinSun), Shanghai Construction Group Co. Ltd., China MCC17, China Construction Eighth Engineering Div, Shanghai Yannuo Building Materials, China Minsheng Drawin Technology Investment, Dou Shupeng, Kejia Construction, Caterpillar Inc., Acciona, WASP, BatiPrint, Be More 3D, Constructions 3D, CSP s.r.l, COBOD, LifeTec Construction Group Inc., SQ4D, 3DCriar, ConstructoraConconcreto, Arup, Aedive (Peru), Materialise Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, Gilbane Building Company, McCrory Construction Company, BESIX 3D, Concreative LLC, ACCIONA S.A., Immensa Technology Labs, Emaar Properties, DuBox, EQUATE, Xtreme Africa
What Are The Key Trends Of The Global 3D Printing Building Construction Market? Ai-Powered Flexibility In 3D Printing In Building Construction
Increasing flexibility in 3D printing operations using artificial intelligence technology (AI) is a major trend shaping the growth of the 3D printing building construction market. In October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world’s largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented.
What Are The Key Trends Of The Global 3D Printing Building Construction Market? 3D Printing Building Construction Companies Focus On Cost-Effective Printers
Major companies operating in the 3D printing building construction market are increasing their focus on developing innovative solutions such as cost-effective 3D printers to maximize revenue in the market. Cost-effective 3D printers are 3D printing machines or devices that offer affordability in terms of their purchase price and operational costs while maintaining reasonable performance and quality standards for producing three-dimensional objects. For instance, in July 2023, Holcim's 14Trees, a UK-based construction solutions provider, launched the first construction 3D printer manufactured in Africa, called Iroko. The printer is specifically designed for the construction of residential and commercial buildings ranging from one to two stories, and IT offers a 30% cost savings compared to other construction 3D printers available, along with reduced operational expenses.
3D Printing Building Construction Market Merger And Acquisition: India Cements And Tvasta Collaborate For Affordable Housing Through 3D Printing
In May 2022, India Cements, a company engaged in manufacturing cement, collaborated with Tvasta Manufacturing Solution, a start-up providing 3D printing for the construction industry. Through this collaboration, India Cements and Tvasta would conduct research and development (R&D) and exchange technology to create new raw material formulations for 3D printing applications and provide support to major projects to create affordable and time-efficient housing solutions. Tvasta Manufacturing Solution was founded in 2016 and is focused on leveraging robotics in the 3D printing platform.
Regional Outlook For The Global 3D Printing Building Construction Market
Asia-Pacific was the largest region in the 3D printing building construction market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D printing building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the 3D printing building construction market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the 3D Printing Building Construction Market?
The 3D printing buildings construction market includes revenues earned by entities by constructing 3D printing buildings. The 3D printing buildings construction work performed includes new work, additions, alterations, maintenance, and repairs. The 3D printing building is constructed using a 3D printer machine that deposits material or concrete layer by layer. These are particularly used for prototyping or building complex components. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the 3D Printing Building Construction Industry?
The 3D printing building construction market research report is one of a series of new reports from The Business Research Company that provides 3D printing building construction market statistics, including 3D printing building construction industry global market size, regional shares, competitors with a 3D printing building construction market share, detailed 3D printing building construction market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printing building construction industry. This 3D printed building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
