The 3D Concrete Printing Market is nearly growing, while the current predicted period will reach a market average of USD 978.5 Million by the end of 2030, extending a global CAGR of 55.60%.
Urbanization is the top factor that gives rise to residential structures in developed and developing nations. There is a growth in everyday demand for construction activities, and the worldwide growth in some developing countries is encouraging the market to grow tremendously by 2028.
The pandemic is considered the game changer that made the 3D concrete printing market trend. The trend across the world is that people prefer to stay at home rather than go out, which is changing their life, directly affecting the business market’s choices. It has been proved that this pandemic has given a really tough time to people all over the world, pushing people to get a general understanding of the possibilities in front of them. During the predicted period, the trends have presented that medical professionals must remain calm and patient and help eradicate the positivity rate of infections. Therefore, the market has started getting low and loss as a result and showed the incapability of the market players to fulfill the people’s needs. The most common challenge is using raw materials and resources effectively according to market availability.
Thus, the 3D concrete printing market’s key players are focusing on gaining funds and investing, which can aid the companies in improving the portfolio of their products for the betterment of the needs and demands of customers.
1 Executive Summary
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Assumptions 16
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 21
4 Market Dynamics
4.1 Drivers 23
4.1.1 Increasing FDI In Construction In Emerging Nations 23
4.1.2 Supportive Government Regulations And Policies 24
4.1.3 Reduced Construction Wastage 25
4.2 Restraints 25
4.2.1 Lack Of Awareness Of 3D Concrete Printing Technology 25
4.2.2 Mobility 25
4.3 Opportunities 26
4.3.1 Integration Of Green Construction With 3D Concrete Printing. 26
4.3.2 Rapid Industrialization And Urbanization 26
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The 3D concrete printing market globally has been divided based on the following sectors:
Based on the concrete type
Based on application
Based on end-Use
Based on the region:
The North American region is considered the largest market, which has a share of 35.63% in 2018. During this time, the region increased its popularity with a 3D concrete printing market demand of USD 10.0 million and it is expected to develop at a CAGR of 14.20% during the estimated period. Growth in consumer fondness has been noticed for green buildings and continuous investments in commercial real estate that are developing as the main factors operating the growth of the 3D concrete printing market in the region of North America.
The Asian-Pacific region is predicted to develop as the fastest-developing region for 3D concrete printing during the estimated period. It has been noticed that there is a significant rise in industrialization, an increasingly urbanized population, and visible growth in expenditure capacity, which are the main factors operating the growth of the 3D concrete printing market in the Asia-Pacific region.
In 2019, TTWiiN Investment partner XteeE got the investment and had an association with Concreative to begin a new 3D printing production unit in UAE to extend its market share.