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.
Market Insight
3D printing in
construction is also stated as contour crafting or building printing and it is
anticipated to be the future of construction in the near future. However, the
current concern over the spread of coronavirus is expected to have a negative
impact on 3D printing in construction market. The unending COVID-19 epidemic
has unpleasantly affected the electronics and semiconductor industry with
manufacturing operations provisionally suspended across major manufacturing
hubs, leading to a generous slowdown in the production. Several key players
have deferred their manufacturing operations in China, India, South Korea, and
European countries.
In addition to having
sway on the production, the on-going eruption has taken a toll on the consumer
demand for semiconductor devices, likely exacerbated by the lockdown enforced
across major nations. Uncertainty regarding the possible length of lockdown
makes it tricky to anticipate how and when a resurgence in the display industry
will occur. Additionally, the COVID-19 pandemic has also caused a sharp drop in
employment and economic growth and triggered widespread disruption of the
economy of numerous countries. This is also expected to decrease the spending
in residential and non-residential construction and several private
construction projects, which in turn will decrease the demand for several
products used in construction industry. Nonetheless, as several countries
are providing economic packages to stimulate the economy amid COVID-19
pandemic, the market is likely to gain momentum over the middle term and long
term.
3D printing in construction is one of the significant
segments of Industry 4.0, as programming is supportive to construct
multifaceted structures precisely, which makes the process of 3D printing easy
and rapid. The adoption of this technology offers various benefits to construction and architecture sectors. The usage of 3D printing technology is
helpful in constructing buildings and infrastructure perfectly and cost
professionally, with condensed wastage of material and in less time compared to
the traditional construction method. There are lower labour costs included,
construction can be done faster and there is less to no waste produced. The
wasted raw material from printing, for instance, concrete waste and failed
prints occurs repeatedly and can be reused. The printing of buildings provides
a lot of potential compensations as compared to conventional construction
methods.
The usage of 3D printing in construction industry
reduces the risk that human labour face while working at construction sites, it
also diminishes their hard-work. Further, the shapes and structures that are
preferred by the engineers as per the requirement of construction sites can
be printed with high accuracy, thus it makes the enactment of construction
plans and models simpler. Consequently, upsurge in the use of the 3D printing
technology to build cost-efficient buildings and infrastructure in less time is
predicted to be a prominent factor driving global 3D printing in construction market during the prediction period. Nevertheless, one of the
major anxieties about the adoption of 3D printing in construction industry
is the necessity of high initial investments to purchase equipment and
materials.
Among the geographies, North America region is
expected to hold the largest share in the global 3D printing in construction
market owing to technological development in the region. Further, factors such as
the rising number of construction of buildings coupled with the adoption of
advanced technology and growing research and development activities have
accelerated the growth of 3D printing in construction market in the North
American region. Furthermore, the Asia Pacific region is expected to witness
high growth during the forecast period owing to the increasing usage of 3D
printing in China and India. High population, rapid industrialization, and
urbanization followed by growth in concern for environmental pollution and
human health is anticipated to boost the market demand for 3D printing in construction industry in the Asia Pacific region.
Segment Covered
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.
Companies Profiled:
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.
Report Highlights:
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.