How Big is The 3D Concrete Printing Market?
The global 3D concrete printing market was valued at $310.9 million in 2019, and is expected to reach $40,652.4 million by 2027, registering a CAGR of 106.5% from 2020 to 2027. 3D concrete printing process involves construction of building structures and other infrastructures using concrete and atomized machines. Walls, roofs, and pillars can be printed using 3D printers. Furthermore, pre-programmed software drives the robot or a 3D printer. The path of its movement is programmed in software such as AutoCAD and SolidWorks.
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How Expansive is the 3D Concrete Printing Market?
It subsequently decides and drives the printer to print the desired object. This technology has less error compared to traditional manual methods. In addition, using this technology, complex designs can be easily produced and at faster rate. The growth of the global 3D concrete printing market is majorly driven by cost saving on skilled labor. The skilled labor charges huge amount for customized and complex construction. The amount spent on wages of these skilled labors can be saved by using 3D concrete printers. In addition, reduction in waste generation and cost feasibility for mass production are other factors augmenting the growth of the market.
However, high investment cost and limitation of printing size are major disadvantages of 3D printing technology. On the contrary, rapid urbanization is anticipated to fuel the growth of the market during the forecast period. Moreover, challenges faced by 3D technology are material development, its strength & durability, poor surface finish, and technical expertise to operate and maintain the software and hardware for this service. However, research & development is carried by the companies that deal in 3D concrete printing service to overcome these challenges. Strategies such as business expansion, product launch, and partnerships are being adopted by major players in the market to boost market growth. For instance, in January 2019, Cobod set up a 3D Printhuset to operate the sales of its new printer, BOD2 in UAE market.
The global 3D concrete printing market is segmented into printing type, technique, end-use sector, and region. On the basis of material type, the market is divided into gantry system and robotic arm. Depending on technique, it is classified into extrusion-based and powder-based. By end-use sector, it is segregated into residential, commercial and infrastructure. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Region wise, the 3D concrete printing market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2019, North America was the highest contributor to the 3D concrete printing market share, and is anticipated to secure a leading position during the forecast period, owing to rise in 3D printing projects and environmental awareness.
Competition analysis
The major players profiled in the 3D concrete printing market include Apis Cor, Cobod International A/S, CyBe Construction, D-shape, Heidelbergcement AG (Italcementi SpA), LafargeHolcim, Sika AG, Skanska, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), and XtreeE.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides an extensive analysis of the current and emerging 3D concrete printing market trends and dynamics.
– In-depth 3D concrete printing market analysis is conducted by estimations for the key segments between 2020 and 2027.
– Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
– A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
– The market forecast analysis from 2020 to 2027 is included in the report.
– The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
By Printing Type
o Gantry system
o Robotic arm
By Technique
o Extrusion-based
o Powder-based
By End-use Sector
o Residential
o Commercial
o Infrastructure
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Denmark
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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