3D Printing Building Construction Market Growth Trajectory Through 2024-2033

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The 3D Printing Building Construction by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s 3D Printing Building Construction, The 3d printing building construction market size has grown exponentially in recent years. It will grow from $0.11 billion in 2023 to $0.33 billion in 2024 at a compound annual growth rate (CAGR) of 201.7%. The growth in the historic period can be attributed to technological advances, rising investments in renewable energy infrastructure, 3d printing construction is more efficient than conventional construction, reduction in manufacturing expenditure, development of 3d printing technology and the exponential rise in urbanization.

The 3d printing building construction market size is expected to see exponential growth in the next few years. It will grow to $7.7 billion in 2028 at a compound annual growth rate (CAGR) of 119.7%. The growth in the forecast period can be attributed to increase in new construction projects globally, green construction methods and rise in disposable income. Major trends in the forecast period include using robotic arm extruders to improve productivity, investing in 3d prefabrication buildings and modularization techniques to enhance construction efficiencies and adopting green construction techniques to develop environmentally-friendly buildings, using strategic partnerships and collaborations to strengthen position.

The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing in the building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, is safe, cuts labor costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces labor costs by 50%–80%, production time by 50%–75%, and construction waste by 30%–60%. Therefore, the economic benefits offered by 3D printing construction are expected to significantly boost the market’s growth.

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The 3d printing building construction market covered in this report is segmented –

1) By Construction Type: Modular, Full Building

2) By Process: Extrusion, Powder Bonding, Other Processes

3) By Material Type: Hybrid, Plastic, Metal, Other Material

4) By End-User: Residential Buildings, Institutional Buildings And Commercial Buildings

Increasing flexibility in 3D printing operations using artificial intelligence technology (AI) is a major trend shaping the growth of the 3D printing building construction market. In October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world’s largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented.

The 3d printing building construction market report table of contents includes:

Executive Summary
3D Printing Building Construction Market Characteristics
3D Printing Building Construction Product/Service Analysis -Product/Service Examples
3D Printing Building Construction Market Trends And Strategies
3D Printing Building Construction Market – Macro Economic Scenario