Growing construction sector and technological advancements to drive global 3D concrete printing market through 2024
According to TechSci Research report, “Global 3D Concrete Printing Market By Product Type, By Concrete Type, By Technique, By Software, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global 3D concrete printing market is projected to grow at a CAGR of 11.5% during 2019-2024, owing to rapid urbanization, rising demand for complex structures at affordable rates and increasing demand for new construction projects. Construction process becomes faster with the 3D concrete printing technology, thereby reducing the overall cost of construction project, which in turn, increases the demand for 3D concrete printing technology in emerging economies. Asia Pacific is expected to account for the largest share of global 3D concrete printing market during the forecast period, on the back of growing residential construction activities. Moreover, increasing demand for complex building structures at affordable costs is also bolstering market growth.
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In terms of end-user, global 3D concrete printing market has been categorized into residential, commercial, infrastructural, architectural and others. Residential sector accounted for a significant portion of the global market for 3D concrete printing in 2018 and is expected to account for a considerable portion during forecast period as well. Anticipated growth of the segment can be majorly attributed to rising demand in the housing sector in developing nations, such as South Africa, Saudi Arabia, India and China. The governments of the developing countries are making huge investments in residential construction projects, thereby further bolstering the residential segment’s market position.
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“With increasing urbanization and industrialization, need for new construction projects is growing significantly across the globe. 3D concrete printing technologies are being adopted by several building construction companies and regulatory bodies. Such developments would have a positive impact on global 3D concrete printing market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global 3D Concrete Printing Market By Product Type, By Concrete Type, By Technique, By Software, By End-User, By Region, Competition, Forecast & Opportunities, 2024,” has evaluated the future growth potential of global 3D concrete printing market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global 3D concrete printing market.
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