The 3D printing building construction market is expected to grow at a rate of 169% with the increase in construction projects
Business Research Company’s 3D Printing Building Construction market research report expands on key drivers, trends, and opportunities for market growth.
LONDON, September 28, 2022 /PRNewswire/ — An increase in new construction projects globally is expected to drive the growth of the 3D-printed building construction market. Construction 3D printing can make complex or custom objects faster and more accurate while reducing labor costs and waste generation. According to Marsh, a UK-based professional services company, in 2021, with growth of 4.4% on average between 2020 and 2025, the construction sector will be a major economic driver in the medium term, exceeding forecast growth. both in the manufacturing and service sectors. The increase in building production is expected to average 3.5% per year from 2020 to 2030. Therefore, the increase in new construction projects is driving the 3D printing building construction industry.
The Global 3D printing building construction market size should go from $0.01 billion in 2021 for $0.02 billion in 2022 at a compound annual growth rate (CAGR) of 177.0%. The growth of the 3D printing building construction market is mainly driven by companies reorganizing their operations and recovering from the impact of COVID-19, which earlier led to restrictive lockdown measures involving social distancing social welfare, remote working and the resulting closure of business activities. in operational challenges. The 3D printing building construction market is expected to reach $0.87 billion in 2026 at a CAGR of 169.3%.
Green Building Technique – A Growing Trend in the 3D Printing Building Construction Market
Building construction companies are increasingly using green building techniques to construct energy-efficient buildings and reduce construction costs. Green building refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal impact on the environment. For example, according to the 2018 World Green Building Trends Survey, around 47% of companies surveyed believe they will build around 60% of their projects using green technologies by 2021.
Asia-Pacific was the largest region in the 3D printing building construction market in 2026
Asia Pacific was the the largest region in the 3D printing building construction market and was worth $2.85 million in 2021. The 3D-printed building construction market in Asia Pacific is supported by strong economic growth in countries like China and India, which boosted the demand for construction activities. Growth in emerging markets has been aided by rising disposable income, a stable political environment and increased foreign investment in these countries. Low interest rate environments and a geriatric population in countries like Japan are also contributing to the growth of the market.
3D printing building construction market segments
The Global 3D printed building construction market is segmented –
1) By construction: modular and complete construction
2) By process: extrusion, powder bonding, others
3) By print material: concrete, plastic, metal, hybrid, others
4) By end user: Residential, Commercial, Industrial
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Construction Market 2022 – By Type of Construction (Building Construction, Civil and Heavy Engineering Construction, Specialty Contractors, Land Planning and Development), By End User Sector (Public, Private) and By Region, Opportunities and Strategies – Global forecasts to 2031
Global Building Construction Market Report 2022 – By Type (Residential Building Construction, Non-Residential Building Construction), By End-User Sector (Private, Public), By Building Type (Smart Buildings, Traditional Buildings) – Global Market Size, Trends and Forecast 2022 – 2026
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