DUBLIN--(BUSINESS WIRE)--The "3D Printing Building Construction Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report from the publisher provides strategists, marketers and senior management with the critical information they need to assess the global 3D printing building construction market.
This report focuses on 3D printing building construction market which is experiencing strong growth. The report gives a guide to the 3D printing building construction market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global 3D printing building construction market is expected to decline from $0.004 billion in 2019 to $0.002 billion in 2020 at a compound annual growth rate (CAGR) of -35.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $0.12 billion in 2023 at CAGR of 147.79%.
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The 3D printing building construction market covered in this report is segmented by construction into modular; full building. It is also segmented by process into extrusion; powder bonding; others, by printing material into concrete; plastic; metal; hybrid; others and by end user into residential; commercial; industrial.
A high initial capital investment requirement is anticipated to impact the growth of the 3D printing building construction market over the coming years. The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of 3D concrete printers is currently at a level that requires high capital and decent construction projects in order to support small and medium companies to overcome the capital requirements for expansion and growth. The requirement of high initial capital to set up the process is expected to hinder the growth of the 3D printing building construction market in the forecast period.
Increasing flexibility in 3D printing operations using advanced software is a major trend shaping the growth of the 3D printing building construction market. In November 2019, AMFG, a UK-based provider of MES software, announced the strategic partnership with EOS to enable machine connectivity and end-to-end workflow automation for additive manufacturing. The companies together plan to offer customers the management of their entire additive manufacturing operations with AFMG's Manufacturing Execution System (MES) and direct connectivity to machines with the software platform. EOS is a technology supplier in the field of industrial 3D printing of polymers and metals.
The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, safe, cuts labour costs, is environmentally friendly, and easily helps build complex building structures. According to 3D Natives Magazine published in January 2018, 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces the labour costs by 50%-80%, production time by 50%-70%, and construction waste by 30%-60%. Therefore, the economic benefits offered by 3D printing construction is expected to significantly boost the market growth.
Key Topics Covered:
1. Executive Summary
2. 3D Printing Building Construction Market Characteristics
3. 3D Printing Building Construction Market Size And Growth
3.1. Global 3D Printing Building Construction Historic Market, 2015 - 2019, $ Billion
3.2. Global 3D Printing Building Construction Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
4. 3D Printing Building Construction Market Segmentation
4.1. Global 3D Printing Building Construction Market, Segmentation By Construction
4.2. Global 3D Printing Building Construction Market, Segmentation By Process
4.3. Global 3D Printing Building Construction Market, Segmentation By Printing Material
4.4. Global 3D Printing Building Construction Market, Segmentation By End User
5. 3D Printing Building Construction Market Regional And Country Analysis
5.1. Global 3D Printing Building Construction Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global 3D Printing Building Construction Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Winsun (Yingchuang Building Technique)
- Apis Cor
- Al build
- Branch Technology
- Zhuoda Group
- Cazza Construction Company
- Contour Crafting Corporation
- Monolite UK
- Cybe Construction
- Centro Sviluppo Progetti
- Imprimere Ag
- Be More 3D
- CSP s.r.l. (Italy)
- Monolite UK (UK)
- Imprimere Ag
- Al build
- Branch Technology
- Zhuoda Group
- Cazza Costruction Company
- COBOD International A/S
For more information about this report visit https://www.researchandmarkets.com/r/5ue9ea
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