The market is expected to reach USD 0.87 billion in 2026 with a CAGR of 169.3%, according to the Global 3D Printing Building Construction Market Report 2022 from Dublin-based Research and Market, the global 3D printing store. ‘marketing studies.
The 3D-printed building construction market includes revenue generated by entities (organizations, sole proprietorships, and partnerships) that construct buildings via 3D printers and offer related services.
3D printing or additive manufacturing is a computer-controlled sequential layering of materials to create three-dimensional shapes.
In the construction industry, 3D printing is used to construct building components or to create an entire building. It helps build structures faster and more accurately with reduced labor costs and less waste.
The main types of building construction by 3D printing are modular and complete constructions.
Modular construction involves generating standardized structural components in an offsite factory and then assembling them onsite.
The processes used are extrusion, powder bonding and others and the materials used are concrete, plastic, metal, hybrid and others.
Building construction by 3D printing includes residential, commercial and industrial construction.
According to the report, Asia-Pacific is the largest region in the 3D printing building construction market in 2021.
Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Global Utility Construction Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The ability to construct complex structures within a stipulated time frame at a reasonable cost is a major factor driving the demand for the 3D printed building construction market.
Building construction by 3D printing is cost effective, saves time, provides more precision, is safe, reduces labor costs, is environmentally friendly and easily helps construct complex building structures .
3D printing in construction is economical in terms of material usage compared to the traditional manufacturing process.
Additionally, 3D printing reduces labor costs by 50-80%, production time by 50-70%, and construction waste by 30-60%.
Hence, the economic benefits offered by 3D printing construction are expected to significantly boost the market growth.
Increasing flexibility in 3D printing operations with the help of advanced software is a major trend shaping the growth of the 3D printing building construction market.
In November 2019, AMFG, a UK-based MES software provider, announced the strategic partnership with EOS to enable machine connectivity and end-to-end workflow automation for additive manufacturing.
The companies together plan to offer customers management of their entire additive manufacturing operations with AFMG’s Manufacturing Execution System (MES) and direct machine connectivity with the software platform.
EOS is a technology provider in the field of industrial 3D printing of polymers and metals.
A high initial investment requirement is expected to impact the growth of the 3D printing building construction market over the next few years.
The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of concrete 3D printers is currently at a level that requires high capital and decent construction projects. to help small and medium enterprises overcome capital requirements for expansion and growth.
The high initial capital requirement to set up the process is expected to hamper the growth of the 3D printing building construction market over the forecast period.
In January 2019, Apis Cor, a company specializing in 3D printing in construction, announced a strategic collaboration with Gerdau, a global supplier of long and special steels.
The collaboration aims to accelerate Apis Cor’s 3D printing capability in the construction industry in the United States and South America.
Gerdau previously supported Apis Cor in the “3D printing habitat challenge” organized by NASA. Gerdau was founded in 1901 and is a long steel producer based in Brazil.