Luton, Bedfordshire, United Kingdom, Sept. 23, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the 3D Concrete Printing Market.
The most advanced technology for fabricating construction components and buildings with 3D concrete printers is 3D concrete printing. There are various 3D printing methods used in the construction process, such as the extrusion method, which includes wax, cement, additive welding, and so on. Globally, 3D concrete printing technology is gradually gaining traction.
The global 3D Concrete Printing Market was accounted for at USD 730.43 Million in 2021, and is expected to reach USD 6503.84 Million by 2029, growing at a CAGR of 27.5% from 2022 to 2029.
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Construction companies conduct numerous experiments with various types of concrete mixes and printing machines in order to develop new and better techniques in the construction sector. The ease of construction of various complex architectural designs, eco-friendly technology, and waste reduction are some of the major factors driving this 3D concrete printing market growth.
The report provides market sizing and forecast across five major currencies – USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the report is considered historical years, 2017 as the base year, 2021 as the estimated year, and years from 2022 to 2029 are considered the forecast period.
On Aug 2021, Skanska intends to use 3D-printed concrete in its work on HS2, the USD147 billion high-speed rail system currently under construction in the United Kingdom. The joint venture between Skanska, Costain of the United Kingdom, and Strabag of Austria will use a technique dubbed “Printfrastructure” to print concrete buildings on site rather than shipping them in prefabricated slabs or mixing and pouring them on site.
On May 2020, Pikus Concrete teams up with Sika to commercialize 3D concrete printing technology in the construction industry and to capture its vast potential. Pikus’ first 3D concrete printer with Sika technology has commenced operation in Lehi, Utah. The company is working on implementing the technology in the first construction projects
Asia Pacific is expected to hold the largest share of the global 3D concrete printing market due to increased population, rising middle-class income, and urbanization.
The Asia-Pacific construction sector is the world’s largest and growing at a healthy rate. The Asia-Pacific construction sector is being driven by increased infrastructure construction activities. Due to strong government support, initiatives toward standardization, and expanding application segments, China has emerged as a significant 3D concrete printing user in Asia-Pacific.
Use of walls in construction sector is projected to drive the 3D concrete printing market growth.
3D concrete printers can create concrete things with incredible detail and precision, allowing for the quick and easy construction of advanced concrete walls at the touch of a button. Furthermore, walls built on-site with a 3D concrete printer produce no waste and take less time to create.
Increasing use of 3D concrete printing in residential sector is driving the market growth.
The residential market for 3D concrete printing has exploded, especially in Asia-Pacific and other developing countries. The demand for housing in countries like India far outnumbers the supply. In addition, there has been an increase in housing demand in metropolitan regions. The use of 3D printing in home construction has increased dramatically in 2021.