3D Printing Construction Market Size to experience an impressive growth of 239.8%
January 30, 2020
3D printing construction market is likely to witness a magnificent CAGR of 239.8% during the forecast period. The growing demand for 3D printing construction is mainly due to its various advantages such as less construction time, cost-effectiveness, flexibility, less occurrence of error and great precision.
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3D Printing Construction Market Insights:
By Construction Method Type:
Based on the construction method type, the market is segmented as extrusion and powder bonding. The extrusion segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, less chances of error, and cost effectiveness. Through extrusion process building components with complex geometrical structures can be constructed.
By Material Type:
Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.
By End-User Type:
Based on the end-use sector type, the 3D printing construction market is segmented as building and infrastructure. The building segment leads the market. The growth can be attributed to the increase in population, which is giving rise to construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
By Region:
In terms of regions, North America is estimated to be the largest market for fall protection equipment in the coming five years. The market is sustained by the growing government safety protocols for the construction industry. Asia-Pacific is also expected to offer sizeable growth opportunities during the forecast period. China and India are the growth engines of the region.
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