The global 3D printing construction market was valued at $36.71 million in 2023 and is expected to reach $20.56 billion by 2032, growing at a compounded annual growth rate of 102%, according to a new report by SNS Insider Research.
The Asia-Pacific region led the 3D printing construction market in 2023 with a 42% revenue share, with Japan and China as the main markets for this approach to construction. North America, particularly the US, was also cited as a significant player in this sector with major companies adopting 3D printing for both residential and commercial projects.
“The 3D printing construction market is experiencing unprecedented growth due to the increasing demand for faster, cost-efficient, and sustainable construction methods,” said SNS Insider Research’s announcement of the report. “This revolutionary technology is transforming the construction industry by enabling quicker project completion, reducing material waste, and enhancing design flexibility. The ability of 3D printing to streamline complex architectural designs and structures while minimizing labor costs is making it an attractive solution for residential, commercial, and infrastructure projects.”
“Key trends in the market include the adoption of large-scale 3D printers for building houses and infrastructure, along with the use of eco-friendly materials such as concrete and bio-based substances,” SNS Insider Research added. “Both governments and private enterprises are investing heavily in 3D printing technology to address housing shortages and enhance construction sustainability. Automation and artificial intelligence are also advancing the accuracy and scalability of 3D printing in construction.”
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