The global 3D Concrete Printing market size accounted for $310.9 million in 2019, and is expected to reach $40,652.4 million by 2027, registering a CAGR of 106.5% from 2020 to 2027. In 2019, North America dominated the global 3D Concrete Printing market, accounting for around 42.1% share of the global 3D Concrete Printing industry, followed by Europe.
However, the technology has some challenges such as development of exact raw material, low material strength, poor surface finish, and lack of technical expertise on software and hardware. Research and development by the players in the market will make it possible to overcome these challenges and therefore boost the market during the forecast period. Thus, companies are adopting strategies like business expansion, product launch, and partnership to overcome these challenges and drive the growth of the market. For instance, in June 2020, LafargeHolcim introduced its first dry mortar range that is suitable for 3D printing.
The utilization of 3D Concrete Printing service is expected to increase, owing to rapid urbanization and environmental awareness. Moreover, significant technological advancements in 3D printing technology fuel the market growth. In 2019, North America region was the highest revenue contributor to the global market, whereas LAMEA is expected to offer lucrative opportunities to the key players in this market.
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Solution to overcome high labor cost, accuracy in complex design products, and cost-efficiency in mass production drive the 3D concrete printing market growth. However, high investment costs and limitation of printer considering the size of the objects to be printed impede the market growth. On the contrary, advanced technology used for building in developed nations is expected to create lucrative opportunities for the expansion of the 3D concrete printing market during the forecast period.
However, the technology has some challenges such as development of exact raw material, low material strength, poor surface finish, and lack of technical expertise on software and hardware. Research and development by the players in the market will make it possible to overcome these challenges and therefore boost the market growth during the forecast period. Thus, companies are adopting strategies like business expansion, product launch, and partnership to overcome these challenges and drive the growth of the market. For instance, in June 2020, LafargeHolcim introduced its first dry mortar range that is suitable for 3D printing.
Solution to overcome high labor cost, accuracy in complex design products, and cost-efficiency in mass production drive the 3D Concrete Printing market growth. However, high investment costs and limitation of printer considering the size of the objects to be printed impede the market growth. On the contrary, advanced technology used for building in developed nations is expected to create lucrative opportunities for the expansion of the 3D Concrete Printing market during the forecast period.
In addition, the 3D Concrete Printing market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.
The 3D Concrete Printing Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors. The study includes Porter's five forces model, financial analysis, portfolio analysis, and business overview of services and products.
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In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.
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