3D Concrete Printing market is at a nascent stage and likely to witness a significant CAGR of 300% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the 'pause button' for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on 3D Concrete Printing Market
3D Concrete Printing market is at a nascent stage and likely to witness a significant CAGR of 300% during the forecast period. The market for meat substitutes is driven by the surge in demand for plant-based meat products majorly among the millennials, globally.
Europe is estimated to remain the largest market for 3D concrete printing during the forecast period due to increasing construction activities with complex structures. Majority of the key companies' presence in the region such as XtreeE, Monolite UK Ltd., Apis Cor, CyBe Construction B.V., and Sika AG further contributing to the leading share.
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Report Scope & Market Segmentation
3D Concrete Printing Market Share: By Technique Type
Based on the technique type, the market is segmented as extrusion-based and powder-based. Extrusion-based technique dominated the market in 2019, and is expected to remain dominant during the forecast period due to its capability to produce complex building structures at a larger scale. It has also the ability to produce structures with conventional construction materials.
3D Concrete Printing Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as building and infrastructure. The building sector dominated the market in 2019, and is expected to grow at a higher CAGR during the forecast period. Increasing adoption of 3D printing in the building industry due to its ability to create lightweight structures while maintaining its structural integrity, and to build complex structures with ease at an affordable rate is driving the 3D concrete printing market.
3D Concrete Printing Market Share: By Region
In terms of regions, Europe is estimated to remain the largest market for 3D concrete printing during the forecast period due to increasing construction activities with complex structures. Majority of the key companies' presence in the region such as XtreeE, Monolite UK Ltd., Apis Cor, CyBe Construction B.V., and Sika AG further contributing to the leading share.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research's reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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