Market Research Report

North America 3D Printed Homes Market Research Report: Forecast (2023-2028)

By Construction Method (Extrusion, Powder Bonding, Others (Metal technology, Sand 3D Printing, etc.)), By Construction Material (Plastic , Concrete, Metal, Composite, Others (Rice ...Waste, Mud, etc.)), By Country (The US, Canada, Mexico), By Company (3D Printed Homes Providers (ALQUIST., Apis Cor., ICON Technology, Inc., Mighty Buildings, Inc., nidus3D Inc., PERI SE, SQ4D), 3D Printed Technology Providers (3D Systems, Inc., GE Additive, Massive Dimension, MudBots 3D Concrete Printing, LLC, SIKA CORPORATION)) Read more

  • Buildings, Construction, Metals & Mining
  • May 2023
  • 167
  • BM22003

Market Definition

3D Printed Homes are designed and built using construction technologies that use the 3D printing method. These homes are faster to create and are way better than the traditionally constructed structures in many ways.

Market Insights & Analysis: North America 3D Printed Homes Market (2023-28)

The North America 3D Printed Homes Market is projected to grow at a CAGR of more than 50% during the forecast period, i.e., 2023-28. The market is predominantly driven by the steady adoption of 3D printers in the construction industry in order to prototype and develop exact final products while lowering production costs. The propensity to create homes that not just downsize production hours but also reduce carbon footprints has accelerated 3D-printed homes production across North America. With their ability to replace manual labor while facilitating cost-effective, convenient, and environmentally friendly homes, 3D printers have gained traction in recent years.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 50%
Country Covered The US, Canada, Mexico
Key Companies Profiled ALQUIST., Apis Cor., ICON Technology, Inc., Mighty Buildings, Inc., nidus3D Inc., PERI SE, SQ4D 
Unit Denominations USD Million/Billion

 

Besides, owing to its ability to infiltrate and choose only the required material, the technology aids in reducing construction waste, thereby furthering the adoption of 3D printed technology in residential projects. Another factor backing the incorporation of 3D printed technologies in buildings is the minimal logistic processes involved during the construction. It is primarily because, these printers, unlike conventional methods, directly mold raw material into the buildings while eliminating the need for a wooden counterpart. Therefore, with greater design freedom, shorter lead times, and digital manufacturing, 3D printing techniques are emerging as an area of remunerative opportunities for accredited investors and tech giants looking forward to trying their hands on residential projects.

In addition, besides, the dependency on robotic or automated builders for creating houses is expected to enthrall in the next five to ten years, thereby compelling the persistent adoption of 3D printing technologies in creating single-family homes. In fact, multiple single-story buildings in the US have been printed using 3D technology in recent years. These buildings have gained momentum because of their ability to sustain hurricanes and earthquakes while costing 30% less than a traditionally built house. Moreover, with the rapid urbanization entwined with the large influx of migrants, the North American region is likely to witness a shortage of homes in future. Thus, with the surging need for bulk production of such futuristic homes in a bid to cater to such expansive habitat demand, the 3D-printed homes market is expected to traverse an upward trajectory in the coming years.


North America 3D Printed Homes Market Research Report: Forecast (2023-2028)

Market Segmentation

Based on Construction Method,

  • Extrusion 
  • Powder Bonding 
  • Others (Metal technology, Sand 3D Printing, etc.)

Here, the Extrusion method acquired the maximum share of the North American 3D-printed Homes market in the historical period. It is primarily because this is a basic 3D printing technique adopted while erecting a residential building. With plastic filament as a primary printing material, extrusion 3D printing finds applications in modeling, production, and prototyping. The 3D printer's printing head aids in filament heating and further melting. These additive manufacturing technologies are often preferred for on-site building applications, thereby driving the market further during the forecast period.

On the other hand, Powder Bonding methods are expected to emerge as the second-largest segment with a higher growth pace exhibited in the historical period. It attributes primarily to the swift adoption of these technologies in realizing complex structures. Thus, powder bonding methods are comparatively less labor-intensive, time-consuming, and precisely accurate than traditional methods of building homes.

Recent Developments in the North America 3D Printed Homes Market

  • October 2022: Apis Cor raised 200,000 USD from its equity crowdfunding campaign on StartEngine. With this milestone, the brand intends to build accessible, affordable, and durable homes.
  • September 2022: HANNAH Design Office collaborated with printing experts PERI Ltd. and civil engineering firm CIVE to build the largest residential 3D printed building project in the US.
  • September 2022: North America’s first 3D-printed two-story building was erected in Ontario by Canadian construction company Nidus3D.
  • March 2022: ICON, the innovative construction technology, and large-scale 3D Printing leader inaugurated its newest 3D-printed home called House Zero. The team collaborated with award-winning Texas company Lake|Flato Architects for the first project in ICON's ‘Exploration Series.’

Market Dynamics

Key Driver: Escalating Habitat Crisis Across North America

According to the World Economic Forum, by 2030, three billion people would need improved housing, therefore nearly 96,000 new homes needs to be constructed every day. In line with this, numerous construction companies would face immense pressure to alleviate housing shortages across the region, especially in Texas. Thus, to overcome the pressure, 3D printing technology would act as a helpful aspect, as it can build high-quality homes in a fraction of time, efficiently fixing the home crisis. Because of these benefits, the newer residential projects have been witnessing the adoption of 3D printing for the past few years. More companies are now investing in these technologies, owing to the ever-increasing demand for family homes across North America, further driving the 3D Printed Homes Market in the region.

Possible Restraint: Generous Capital Investment Requirement

Despite the numerous benefits of 3D printing technology in creating affordable and durable homes, the market may face certain hindrances in terms of higher purchasing or renting costs of 3D printers. In fact, getting them to the site is itself a tedious task and is likely to impede the market growth as construction professionals are getting a bit hesitant while making adoption. In addition, the initial purchase expenditure excludes materials or maintenance, making 3D printers a bit pricey. These aspects may influence the market growth negatively in the coming years.

Gain a Competitive Edge with our North America 3D Printed Homes Market Report

  1. North America 3D Printed Homes Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. North America 3D Printed Homes Market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The North America 3D Printed Homes Market is projected to grow at a CAGR of more than 50% during 2023-28.

   A. The ever-increasing demand for family homes across North America to drive the 3D Printed Homes Market during 2023-28.

   A. The leading players in the North America 3D Printed Homes Market are ALQUIST., Apis Cor., ICON Technology, Inc., Mighty Buildings, Inc., nidus3D Inc., PERI SE, SQ4D, Others.

   A. Extrusion method is anticipated to emerge as an area of remunerative opportunities for the leading players in the North America 3D Printed Homes Market during the forecast period.

   A. Higher purchasing or renting costs of 3D printers might impede the growth of the North America 3D Printed Homes Market during 2023-28.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on North America 3D Printed Homes Market
  5. North America 3D Printed Homes Projects, By Countries
    1. The US
    2. Canada
    3. Mexico
  6. North America 3D Printed Technology Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  7. North America 3D Printed Homes Market Trends & Insights
  8. North America 3D Printed Homes Market Dynamics
    1. Drivers
    2. Challenges
  9. North America 3D Printed Homes Market Porters Five Forces Analysis
  10. North America 3D Printed Homes Market Regulations & Policies
  11. North America 3D Printed Homes Market Hotspots & Opportunities
  12. North America 3D Printed Homes Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Construction Method  
        1. Extrusion  
        2. Powder Bonding  
        3. Others (Metal technology, Sand 3D Printing, etc.)
      2. By Construction Material
        1. Plastic
        2. Concrete
        3. Metal
        4. Composite
        5. Others (Rice Waste, Mud, etc.)
      3. By Country
        1. The US
        2. Canada
        3. Mexico
      4. By Company
        1. Competition Characteristics
        2. Revenue Share
    3. The US 3D Printed Homes Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Construction Method
        2. By Construction Material
    4. Canada 3D Printed Homes Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Construction Method
        2. By Construction Material
    5. Mexico 3D Printed Homes Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Construction Method
        2. By Construction Material
  13. North America 3D Printed Homes Market Key Strategic Imperatives for Growth & Success
  14. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. 3D Printed Homes Providers
        1. ALQUIST.
        2. Apis Cor.
        3. ICON Technology, Inc.
        4. Mighty Buildings, Inc.
        5. nidus3D Inc.
        6. PERI SE
        7. SQ4D
      2. 3D Printed Technology Providers
        1. 3D Systems, Inc.
        2. GE Additive
        3. Massive Dimension
        4. MudBots 3D Concrete Printing, LLC
        5. SIKA CORPORATION
  15. Disclaimer


North America 3D Printed Homes Market - Segmentation Slide