New York City, NY, 20 March 2020/24 Market Rports: It is estimated for 3D concrete printing market to reach USD 1,480.5 million by 2023, at a CAGR of 317.3%. Rapid urbanization and the demand for affordable housing and architectural flexibility are driving the growth of the market. The building sector is driving the growth of the market during the forecast period.
Building sector to lead in the 3D concrete printing market during the forecast period
Offering, by technique, end-use sector and region are driving the growth of the market during the forecast period. Building sector to lead in the 3D concrete printing market. In this sector, the demand for 3D concrete printing is expected to be driven by the demand for complex building structures and affordable housing. This technology helps in creating lightweight components such as walls and panels while maintaining the structural integrity and results in lower handling & transportation costs.
The extrusion-based technique has become the most widely employed 3D concrete printing technique
Extrusion-based and powder-based are the segmentation for the market based on technique. The extrusion-based technique is estimated to lead the market during the forecast period. The extrusion-based technique has become the most widely employed 3D concrete printing technique for buildings and infrastructure due to their capability to produce large-scale building components with complex geometrical structures and the usage of conventional construction materials.
Europe to lead the market during the forecast period
Europe to lead the market during the forecast period. The growth of the market is driving by the rise in new residential construction activities and an increase in demand for complex building structures at affordable costs. Presence of key players in the market is driving the growth of the market.