Portland, OR, Sept. 02, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global 3D concrete printing industry was pegged at $310.9 million in 2019, and is expected to garner $40.65 billion by 2027, growing at a CAGR of 106.5% from 2020 to 2027.
High cost for skilled labor in developed countries, mass customization in enhanced architecture, and surge in focus on minimizing waste generations have boosted the growth of the global 3D concrete printing market. However, high capital costs and the limited size of printers hamper the market growth. On the contrary, rapid urbanization would open new opportunities for the market players in the future.
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Covid-19 scenario-
- Due to the Covid-19 pandemic, the governments of various countries have imposed strict regulations regarding social distancing. This affected the real estate market in the first phase of lockdown. Thus, the demand for computer-operated robots that can print 3D building structures has significantly decreased.
- However, as some countries have announced a relaxation on the previous regulations, the market is expected to get back on its track soon.
The global 3D concrete printing market is segmented on the basis of type, technique, end-user sector, and geography. Based on type, the market is divided into a gantry system and robotic arm. The robotic arm segment is expected to manifest the highest CAGR of 110.7% during the forecast period. However, the gantry system segment contributing to nearly three-fifths of the total revenue.
On the basis of technique, the market is divided into powder-based and extrusion-based. The powder-based segment is expected to portray the highest CAGR of 111.7% during the forecast period. However, the extrusion-based segment contributing to more than four-fifths of the market.
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Based on end-user sector, the market is classified into residential, commercial, and infrastructure. The global 3D concrete printing market is analyzed across various regions such as North America, Asia-Pacific, LAMEA, and Europe. The market across LAMEA is expected to register the highest CAGR of 117.4% during the forecast period. However, the market across North America dominated in 2019, accounting for two-fifths of the market.
The global 3D concrete printing market report includes an in-depth analysis of the major market players such as Cobod International A/S, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), Heidelbergcement AG (Italcementi SpA), LafargeHolcim, Skanska, D-shape, CyBe Construction, Apis Cor, Sika AG, and XtreeE.
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