According to the new market research report “3D Concrete Printing Market by Offering (Printing Services, Materials), Technique (Extrusion-based, Powder-based), End-use sector (Building, Infrastructure) and Region (Americas, Asia Pacific, Europe, Middle East) – Global Forecast to 2023“, published by MarketsandMarkets™, The 3D concrete printing market is estimated to grow from USD 1.2 million in 2018 to USD 1,480.5 million by 2023, at a CAGR of 317.3%.
3D Concrete Printing Market: Browse 79 Market Data Tables and 27 Figures spread through 121 Pages
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3D concrete printing is an innovative and highly advantageous construction method in terms of optimization of construction cost, time, error reduction, design flexibility, and environmental aspects. This construction technology fabricates the predesigned building element in two-dimensional layers; the repetition of which creates a 3D construction model. The 3D concrete printing market is estimated at USD 1.2 million in 2018 and is projected to reach USD 1,480.5 million by 2023, at a CAGR of 317.3%. The potential for mass customization and enhanced architectural flexibility, and rise in demand for affordable housing structures are expected to propel the growth of the 3D concrete printing market.
The 3D concrete printing market is dominated by major players such as Yingchuang Building Technique – Winsun (China), CyBe Construction (Netherlands), Apis Cor (Russia), XtreeE (France), and Monolite UK (UK). Their 3D concrete printing capabilities, geographical presence, and adoption of growth strategies contribute toward the leading position of these market players. These players have adopted various strategies to expand their global presence and increase their market share. New projects, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by the market players to achieve growth in the 3D concrete printing market.
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The duration 2014–2018 witnessed several new 3D concrete printed projects in the 3D concrete printing market by key players to strengthen their market presence and create awareness about this dynamic construction technology. Agreements were the second-most adopted key strategies by market players to expand their geographical reach and strengthen their 3D concrete printing abilities.
Winsun is a market leader in the 3D concrete printing market. Its expertise in 3D concrete printing technology, specialization in R&D, and constant efforts for the production of new building materials have ensured its leading position in the market. Its strong presence in China and the Middle East and the adoption of growth strategies such as new projects, agreements, and joint ventures enhance its market presence. In March 2017, the company signed an agreement with Al Mobty Contracting (Saudi Arabia) worth USD 1.5 billion for leasing 100 3D printers to develop 30 million square meters of construction projects in Saudi Arabia. This strategic initiative is expected to enhance Winsun’s presence in the Middle East. The agreements with AECOM (US) and Hyperloop Transportation Technologies (US) have further strengthened its market presence and 3D concrete printed projects portfolio.