3D Printing Construction Market to Experience Rebound in Sales post COVID-19

Jun 30,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D Printing Construction Market.

3D printing construction refers to various technologies that use 3D printing to fabricate buildings or construction components. 3D printing construction is majorly used for building complex components for private, commercial, industrial construction. It provides advantages such as lower labor cost, faster construction, and higher accuracy.

3D printing construction is done with different materials such as concrete, metal, composite, and others. They are constructed through different construction methods such as extrusion and powder bonding.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the construction method type, the market is segmented as extrusion and powder bonding. The extrusion segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, less chances of error, and cost effectiveness. Through extrusion process building components with complex geometrical structures can be constructed.

Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolyme ). The concrete segment is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.

Based on the end-use sector type, the 3D printing construction market is segmented as building and infrastructure. The building segment leads the market. The growth can be attributed to the increase in population, which is giving rise to construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing 3D printing construction market during the forecast period, owing to the presence of a large number of manufacturers in the region. China and Thailand are the major markets of the region. The 3D printing construction market is majorly driven by increase in population and rise in construction of commercial residential buildings in the region.

Key Players:

Some of the major players in the 3D printing construction market are-

• Yingchuang Building Technique
• XtreeE
• Apis Cor
• Monolite UK
• CSP s.r.l.
• CyBe Construction
• Sika.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The 3D Printing Construction Market analysis report discusses the following heads in great detail:

· Market structure: Overview, industry life cycle analysis, supply chain analysis

· COVID-19 Impact Assessment

· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

· Market trend and forecast analysis

· Market segment trend and forecast

· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

· Attractive market segments and associated growth opportunities

· Emerging trends

· Strategic growth opportunities for the existing and new players

· Key success factors