3D printing construction market projected to surpass USD 397.5b by 2030

A recent study by SkyQuest Technology Consulting has found that the 3D printing construction market is projected to surpass USD 397.5 billion by 2030 at a CAGR of 87.38 per cent from 2023 to 2030.

This projected growth is highly influenced by the growing demand for affordable and sustainable housing solutions, according to the report.

Due to the extensive usage of 3D printers in the construction sector, SkyQuest found the 3D printing construction market has had considerable growth in the Asia Pacific region, and Europe is now following suit.

According to the report, these printers are utilised for accurate end-product prototyping, designing, and creation, all of which can lower production costs.

Global adoption of green initiatives is still another important aspect promoting the market’s growth, and the study revealed the market has been significantly impacted by this tendency, which is predicted to rise in the next years.

In the upcoming years, the construction equipment market is anticipated to rise steadily, with a predicted CAGR of 4.2 per cent by 2028.

The sector is now projected to be worth USD 225.1 billion, and as new breakthroughs and technologies are developed, this value is expected to increase, the report said. 

With the positive figures, the construction 3D printing business is expected to grow as the market for construction equipment expands. 

Additionally, as more companies adopt this technology, greater innovation and advancements in the field are expected, which could have far-reaching implications for the construction industry.

According to recent market research, the extrusion segment now maintains the greatest market share for 3D printing in construction, and between 2023 and 2030, it is anticipated to expand even more.

The Asia Pacific region’s construction and real estate market is also expected to continue to be the largest in the world by 2030, accounting for about 43 per cent of the industry’s total production value.

The research suggests there will be a greater need for more efficient and economical construction techniques due to the rising demand for building and real estate projects in the Asia Pacific area.

In the concrete material type segment, SkyQuest found that the category emerged as the 3D printing construction market leader in 2022.

In addition, this market sector is anticipated to maintain its upward trend, with a higher CAGR predicted from 2023 to 2030. 

By 2030, the 3D printing building business is anticipated to grow steadily in the European area, according to SkyQuest. 

The region’s numerous industrial industries, which have a considerable influence on Europe’s overall economic development, are one of the main drivers causing this rise.