This report provides exclusive insights into the COVID-19 impact on the 3D Printing in Construction Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the 3D Printing in Construction Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of 3D Printing in Construction Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on 3D printing in construction market provides an in-depth analysis of segments and
sub-segments in the global as well as regional 3D printing in construction
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional 3D printing in construction market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global 3D printing in construction
market. According to the report, the global 3D printing in construction market
is projected to grow at a CAGR of 33.4% over the forecast period of 2019-2025.
3D printing is a computer-controlled sequential layering of
material that creates three-dimensional shapes. 3D printing in construction is
used o create construction components. Various 3D printing methods are used in
the construction sector that includes extrusion, foam, powder bonding, and
additive welding. The advantages of these technologies in construction include
low labor costs, faster construction, greater integration of function, less
waste production, and increased accuracy.
The rising application of 3D printing in building
construction owing to the rise in demand for high performance and ease in
constructing complex designs led to the growth of 3D printing in construction
market. Further, 3D printing helps to create lightweight components such as
panels and walls and maintains structural integrity with lowered transportation
and handling costs. The wasted raw material from printing such as failed prints
and concrete waste can be reused. It reduces the risk faced by human labor
while working at construction sites. Additionally, rising preferences of
contractors and consumers towards eco-friendly, cost-efficient, and modern
building techniques favor the expansion of 3D printing in construction market.
On the flip side, low market awareness about the use of 3D printing in the
construction sector hinders the growth of 3D printing in construction market.
Moreover, technological development creates several opportunities in global 3D
printing in construction market.
Geographically, 3D printing in construction market is
divided into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is expected to have a dominant share in the global 3D printing in
construction market. The growing adoption of advanced technology in North
America led to the growth of 3D printing in construction market in North
America. Asia-Pacific region is anticipated to grow in the global 3D printing
in construction market with the fastest CAGR over the forecast period. The
presence of a large number of manufacturers in the region contributes to the
growth of Asia-Pacific 3D printing in construction market. Growing research and
development activities in Japan and India creates several growth opportunities
for the expansion of 3D printing in construction market in Asia-Pacific. Europe
has a healthy CAGR in global 3D printing in construction market owing to
technological development in the region.
The report on global 3D printing in construction market
covers segments such as printing method, material type, printing technology,
end use, and application. On the basis of printing method, the sub-markets
include extrusion, powder bonding, and other printing methods. On the basis of
material type, the sub-markets include composite, metal, concrete,
ceramics, and other material types. On the basis of printing technology, the
sub-markets include wire arc additive manufacturing, fused deposition modeling, selective laser sintering, selective laser melting,
and other printing technologies. On the basis of end use, the sub-markets
include residential, commercial, space, and industrial. On the basis of
application, the sub-markets include visual arts, concept models, tooling,
functional models, and other applications.
The report provides profiles of the companies in the market
such as WinSun, Zhuoda Group, Apis Cor, Belatchew Architects, Cazza
Construction, COBOD International A/S, CyBe Construction, Icon Construction
Inc., MX3D, XtreeE, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of 3D printing in
construction market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.