North America 3D Printing Construction Market Overview
North America 3D Printing Construction Market Size was valued at USD 0.68 Billion in 2022. The 3D printing construction industry is projected to grow from USD 1.05 Billion in 2023 to USD 32.923 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 46.60% during the forecast period (2023 - 2032). Low-waste construction, fewer health and safety risks, improved precision, a high degree of design freedom, the increasing acceptance of green projects, and the labor crisis in the construction industry are some of the key market drivers propelling the growth of this market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
3D Printing Construction Market Trends
- Rising Investments in Construction Sector by Government is Driving the Market Growth
The building industry frequently uses 3D printing because it is more affordable, environmentally friendly, and time-efficient than traditional construction methods. Commercial properties, which serve as platforms for the establishment of industries, account for a significant percentage of the built environment in the construction industry. As a result, in most major developed countries, spending on commercial construction has surged dramatically. As per the US Census Bureau, the amount spent on healthcare construction in November 2021 was $51.3 million, indicating a 9% rise from the US$46.7 million spent in the same month in 2020. The US is developed economies that are among the top users of 3D printing in the construction industry. As commercial construction investments rise, so will the use of 3D printing in the construction industry in these nations. This will boost the market CAGR for 3D printing construction as there is a rise in the building industry.
Moreover, another key elements propelling the industry's expansion is the growing application of building information modeling (BIM). In the fields of engineering, architecture, and infrastructure, BIM is the foundation of digital change. To plan, create, and build a 3D structure or building, real estate developers, architects, manufacturers, engineers, contractors, and other infrastructure experts can work together in a highly collaborative manner. The market is expanding because production expenses for material waste are reduced. Money is saved since 3D printers only use the material that is required. Additionally, environmentally beneficial recyclable materials can be used in three-dimensional printers. These elements support cost-cutting, which fuels market expansion. Thus, driving the 3D printing construction market revenue.
3D Printing Construction Market Segment Insights
3D Printing Construction Construction Method Insights
The North America 3D Printing Construction market segmentation, based on construction method includes Extrusion and Powder Bonding. The extrusion segment dominated the market. One of the most popular 3D printing methods for usage in production applications, prototyping, and structural modeling on-site is extrusion 3D printing, also known as fused deposition modeling. Conventional building materials like concrete and geopolymer can be used effectively and wastefully due to the extrusion method.
3D Printing Construction Material Type Insights
The North America 3D Printing Construction market segmentation, based on material type, includes Concrete, Metal, Composite, and Others (Foam, Plastic, Gypsum, Geopolymer). The concrete category generated the most income. Due to its potential to reduce costs, labor, and time while also increasing the construction industry's efficiency, 3D printing concrete is becoming a more and more popular alternative to traditional concrete structures. On the other hand, during the projection period, the metal section is probably going to have a significant increase. Using controlled cooling and heating, metal 3D printing offers the ability to create apertures, non-prismatic pieces, interior stiffening, and functionally designated elements, among other things.
3D Printing Construction End-Use Sector Insights
The North America 3D Printing Construction market segmentation, based on end-use sector, includes Building and Infrastructure. The building category generated the most income. The building section includes construction in the commercial, industrial, and residential domains. A growing number of construction businesses are partnering with 3D printer vendors to use this technology to create homes.
Figure 1: North America 3D Printing Construction Market, by End-Use Sector, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
3D Printing Construction Regional Insights
The market's expansion can be ascribed to the North America’s growing urbanization. In 2020, it was reported that little more than 82.5% of Americans resided in cities and other metropolitan areas. US urbanization rates in 2021 were 0.25%, with a 19% rise in the total rate of urbanization over the preceding ten years. Additionally, it is anticipated that the region's growing requirement for buildings—both residential and commercial—will support market expansion over the estimated period of time. In 2022, the US is expected to have more than 5 million multifamily residential buildings, more than 5 million single-family homes, nearly 40.1 million housing units, and more than 5 million commercial buildings, according to one survey. This number is also expected to rise due to the region's growing population. Furthermore, it is anticipated that the infrastructure industry will expand dramatically throughout the projected time, leading to a rise in the use of 3D printing in building. For instance, the use of 3D construction can be used to design, prototype, and build a variety of structures, including gas pipelines, railroads, tunnels, sewage systems, and water treatment facilities. Therefore, during the course of the forecast period, all of these variables are anticipated to fuel market expansion in the area.
Figure 2: NORTH AMERICA 3D PRINTING CONSTRUCTION MARKET SHARE BY REGION 2022 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
3D Printing Construction Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the 3D printing construction market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 3D printing construction industry must offer cost-effective items.
Key Companies in the 3D printing construction market include
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Skanska AB
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Mighty Buildings
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Apis Cor
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Aeditive
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Branch technology
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Aectual
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Sika AG
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Peri group
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ICON Technology Inc.
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Constructions-3D
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Winsun
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XtreeE
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WASP Designs
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COBOD international
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MX3D
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CyBe Construction
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Contour Crafting
3D Printing Construction Market Segmentation
3D Printing Construction Construction Method Outlook
3D Printing Construction Material Type Outlook
3D Printing Construction End-Use Sector Outlook
3D Printing Construction Regional Outlook
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US
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Canada
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Mexico
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Rest of North America
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 0.68 Billion |
Market Size 2023 |
USD 1.05 Billion |
Market Size 2032 |
USD 32.923 Billion |
Compound Annual Growth Rate (CAGR) |
46.60% (2023-2032) |
Base Year |
2022 |
Market Forecast Period |
2023-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Construction Method, Material Type, End-Use Sector, and Region |
Region Covered |
North America |
Countries Covered |
The US, Canada, Mexico, and Rest of North America |
Key Companies Profiled |
Skanska AB, Mighty Buildings, Apis Cor, Aeditive, Branch technology, Aectual, Sika AG, Peri group, ICON Technology Inc., Constructions-3D, Winsun, XtreeE, WASP Designs, COBOD international, MX3D, CyBe Construction, Contour Crafting |
Key Market Opportunities |
One of the key factors driving the market's growth is the increasing acceptance of green initiatives around the world Market growth is anticipated to be aided by the government's increasing efforts to promote 3D printing. |
Key Market Dynamics |
Growing need for construction labor is anticipated to propel the growth of the 3D printing construction market Growing industrial growth is fueled in large part by an increase in the use of Building Information Modeling (BIM) |
North America 3D Printing Construction Market Highlights:
Frequently Asked Questions (FAQ) :
The North America 3D Printing Construction market size was valued at USD 0.68 Billion in 2022.
The market is projected to grow at a CAGR of 46.60% during the forecast period, 2023-2032.
The key players in the market are Skanska AB, Mighty Buildings, Apis Cor, Aeditive, Branch technology, Aectual, Sika AG, Peri group, ICON Technology Inc., Constructions-3D, Winsun, XtreeE, WASP Designs, COBOD international, MX3D, CyBe Construction, Contour Crafting.
The extrusion category dominated the market in 2022.
The building category had the largest share in the market.