The global 3D Concrete Printing market seems to reach USD 5083.59 million by 2028, at a CAGR of 35.07% from 2021 to 2028. 3D concrete printing is an advanced construction technology that uses concrete-based materials to 3D print customized structures. The technology is becoming increasingly popular as it allows for faster production of customized structures with minimal labor costs.
The increasing demand for green construction materials is expected to drive the growth of the global 3D concrete printing market. The growing demand for sustainable buildings is leading to the adoption of green construction materials. Additionally, the growing demand for energy-efficient buildings is expected to drive market growth. The increasing investment in research and development of 3D concrete printing technology is further expected to drive the growth of the market.
However, the high cost associated with the technology is expected to restrain the growth of the global 3D concrete printing market. Additionally, the lack of skilled personnel and the complexities related to the technology is expected to impede the growth of the market.
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The global 3D concrete printing market has been segmented based on technology, application, and region.
By technology, the global 3D concrete printing market has been segmented into extrusion-based and powder-based. The extrusion-based segment is expected to hold the largest share of the global 3D concrete printing market. The segment is expected to register a healthy CAGR during the forecast period. The powder-based segment is also expected to register a healthy CAGR during the forecast period.
By application, the global 3D concrete printing market has been segmented into residential, non-residential, and infrastructure. The residential segment is expected to hold the largest share of the global 3D concrete printing market. The increasing demand for 3D concrete printing technology in residential construction is expected to drive the growth of the segment.
Regionally, the global 3D concrete printing market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Europe3D Concrete Printing Market Share in 2019 was 38.75%. Europe is expected to hold the largest share of the global 3D concrete printing market. The increasing investment in research and development of 3D concrete printing technology is expected to drive the growth of the market in the region. Additionally, the increasing adoption of advanced construction technologies is expected to drive the growth of the market in the region.
APAC had the second-largest market share of 24.68 % in 2020. APAC is expected to register a healthy CAGR during the forecast period. The growing demand for energy-efficient buildings is expected to drive the growth of the market in the region.
