The global 3D printing construction market size was US$ 0.19 billion in 2021. The global 3D printing construction market is forecast to grow to US$ 0.68 billion by 2030, registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.
3D printing construction is the process that uses 3D prints to develop buildings and construct a wide range of technologies. 3D printing construction is primarily used to create complex components for private, commercial, and industrial buildings. It offers benefits such as lower labor costs, faster construction, and greater accuracy. Metal composites, concrete, and other materials are used in 3D printing construction.
Factors Influencing the Market
Regional Analysis
Asia-Pacific 3D printing construction market is forecast to hold dominance throughout the study period. The growth of the regional market is attributed to the growing infrastructural development. China and Thailand are considered the highest contributor to the region’s 3D printing construction market, owing to the increasing penetration of advanced technologies.
Europe is forecast to emerge as the fastest-growing region due to the presence of prominent 3D printing construction companies in the U.K. In addition, the growing investments in the region are forecast to contribute to the regional market growth during the forecast period. In May 2020, Skanska, which is a construction engineering company, declared its partnership with Loughborough University. The partnership intends to escalate the adoption of 3D printing technology, thereby fueling the growth of the overall market.
COVID-19 Impact Analysis
The COVID-19 pandemic negatively influenced the global 3D printing construction market. Several building projects around the world were delayed or halted due to the pandemic's disruption, which created a shortage of raw materials used in construction. In 2020, the market players witnessed a significant drop in their revenues. All of this negatively impacted the market growth during the study period.
Competitors in the Market
Market Segmentation
The global 3D printing market segmentation focuses on Construction Method, End-User and Region.
Construction Method Outlook
End-user Method Outlook
On the basis of Region