3D Concrete Printing Market worth 1,480.5 million USD by 2023


Posted May 6, 2019 by abhijeetw1

The 3D concrete printing market was valued at USD 0.3 million in 2017 and is projected to reach USD 1,480.5 million by 2023, at a CAGR of 317.3% during the forecast period.

 
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.

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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.

Target Audience

Raw material suppliers
3D concrete printer manufacturers
3D concrete printing service providers
End users
Associations and industry bodies
Government & regulatory bodies
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.

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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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags 3d concrete printing , 3d concrete printing market , concrete printing , concrete printing market
Last Updated May 6, 2019