3D Printing Construction Market worth $1,575 million by 2024

The report "3D Printing Construction Market by Material Type (Concrete, Metal, Composite), Construction Method (Extrusion, Powder Bonding), End-Use Sector (Building, Infrastructure), Region (North America, Europe, APAC, ROW) - Global Forecast to 2024" The 3D printing construction market size is expected to grow from USD 3 million in 2019 to USD 1,575 million by 2024, at a CAGR of 245.9% during the forecast period. The market is witnessing significant growth because of the growing demand from various end-use industries such as building and infrastructure.3D construction printing has multiple features, such as time-saving, cost-benefit, and environmental friendly resulting in its increasing adoption.

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Browse 74 market data Tables and 34 Figures spread through 129 Pages and in-depth TOC on "3D Printing Construction Market by Material Type (Concrete, Metal, Composite), Construction Method (Extrusion, Powder Bonding), End-Use Sector (Building, Infrastructure), Region (North America, Europe, APAC, ROW) - Global Forecast to 2024"

Europe is expected to be the largest market for 3D printing construction during the forecast period.

Europe is one of the leading markets of the 3D printing construction industry. The growing demand from end-use industries such as building and infrastructure is driving the 3D printing construction market in the region. The region has a presence of major 3D printing construction companies who focus on the adoption of various business strategies to increase the production of 3D printing construction and meet the growing demand from end-users. For instance, XtreeE and Seaboost (Egis Group) combined their skills in a large-scale 3D printing and marine biology to design and manufacture one of the most innovative artificial reefs. The 3D printed artificial reef has been placed in the Calanques National Park (France) to restore lost ecological functions, March 2018.

Some of the prominent players in the 3D printing construction market are Yingchuang Building Technique (China), XtreeE (France), Apis Cor (Russia), Monolite UK (UK), CSP s.r.l. (Italy), CyBe Construction (Netherlands), Sika (Switzerland), MX3D (Netherlands), Cazza Construction Technologies (California), and ICON (Texas). The strategies undertaken by these players include partnerships, joint venture, new project, expansion, and investment.

APAC is expected to lead the 3D printing construction market during the forecast period.

APAC is the largest and the fastest-growing 3D printing construction market. The building and infrastructure sectors are the major consumers of 3D printing construction in the region. Presence of a large number of manufacturers makes the region the most important market for 3D printing construction. The growth is also attributed to the high demand for 3D printing construction in the building, and infrastructure end-use sectors. China and Thailand have been considered as a major part of the APAC 3D printing construction market. India, Japan, South Korea, and other Asian countries have been taken as rest of APAC into consideration, as this dynamic technology is not yet commercialized in these countries. However, R&D activities in Japan and India, which makes these countries potential markets for this technology.

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