Market Size of 3D Concrete Printing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 65.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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3D Concrete Printing Market Analysis
The 3D concrete printing market is expected to grow with a CAGR of over 65% during the forecast period.
COVID-19 negatively impacted the market in 2020 due to the capital shortages brought on by the lockdowns and postponed construction projects. Due to the pandemic, new investments in commercial and residential construction projects have substantially decreased, reducing demand, restricting cash flow, and increasing unemployment. However, the market is projected to grow steadily, owing to increased building and construction activities during the forecast period.
- Over the short term, increasing demand for customized money-efficient constructions, growing investments in infrastructure due to rapid urbanization and industrialization, and increasing focus on eco-friendly and smart constructions are major factors driving the growth of the market studied.
- However, stagnant industrial growth in developed countries is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, increasing innovations in the Asia-Pacific 3D printing market, especially in China, and the development of reinforced 3D concrete printing are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific is estimated to witness healthy growth over the forecast period in the 3D concrete printing market due to the construction of small-scale residential and other infrastructure projects.
