3D Construction Printing Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

3D printing refers to the computer controlled layering of materials to create 3D shapes in the buildings. It uses automatic robotic control without any involvement of human. This digital technology is progressively being adopted in the construction industry and changing the complete process of construction. It is also known as additive manufacturing or construction 3D printers. In construction, 3D printer is used to reduce the waste generated and lower the labor costs involved in construction. In construction industry, computer-aided design (CAD) has a major role in designing of the structures such as buildings and roads. CAD is now replaced with new advanced technology building information modelling (BIM) by few industries, which enhances the use of 3D construction printers.

COVID-19 scenario analysis:

• The demand for the 3D construction printing is expected to decrease in the year 2020, due to lockdown imposed by the government and low demand from construction industries.
• Coronavirus has affected a wide range of construction services, which include consultancy, outsourcing, and manpower support for the building industry. The negative trends in China and India, and some developed nations are anticipated to decline growth of the global construction services industry throughout the globe.
• Demand for new construction materials has witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
• Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
• Construction materials manufacturing companies located in China are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
• The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
• Decreased consumer demand and consumption have led to reduction and slowdown of sales of construction materials all over the globe over the course of the current economic year.
• Therefore, the 3D construction printing market is expected to be negatively affected in 2020.

Top impacting factors: market scenario analysis, trends , drivers, and impact analysis

The increasing demand for the customized building in commercial and residential buildings is driving the market of 3D construction printing. The 3D construction printers are used in building of the complex structure accurately. Further, 3D construction printers are transforming the construction process in the world. The increasing infrastructure development in several countries act as a growth driver for 3D construction printing market. Moreover, the 3D construction printing technology is helpful in reduction of time and waste during the building construction and also lower the costs involved in the construction process. It is better than the traditional technology that involves high labor costs. The increasing implementation of 3D printing technology by several construction companies is also driving the market of 3D construction printing. However the high initial investment in purchasing of raw materials and the equipment can hamper the growth of the market. Contrarily, the high demand of technologically advanced software present new pathways to the 3D construction printing market.

The global 3D printing construction market trends are:

New product launches to flourish the market

In past few years, there is a high demand for the 3D construction printers to build innovative building designs and transform the construction process with this advanced technology. In March, 2018 ICON, an startup company of Texas has launched the new Vulcan II 3D construction printer. These 3D printer has a build capacity of 8.5 ft in height and 28ft in width. This machine requires a very less human involvement for operating and can be operated through an integrated tablet based system. In terms of build materials these system is compatible with ICON’s Lavacrete (material made of Portland cement). 
Further, in 2018 a Denmark based firm Cobod international has launched BOD 2 3D construction printer. It is able to print buildings up-to 12 meter wide and 9 meter high.

High demand from applications

Now a days there is a high demand for the 3D constructions printers in various construction firms to lower the waste and cost involved during construction process. In construction industry, the 3D printers is used in printing the components of the residential or commercial building. It is used in building of 3D bridge and canals. For example the world first 3D printed pedestrian bridge was built in Madrid, Spain using 3D construction printing technology. It is also used in the construction of relief shelters like an architectural firm of the U.S. built a small structure using this 3D printing technology. Moreover, it is also used in designing the metal structure in automotive industry. For example, a Dutch firm MX3D used 3D construction printing technology to design the metal structure. Thus, the 3D construction printing technology is a very cost effective and time reducing technology that is implemented by many companies.

Key benefits of the report:

• This study presents the analytical depiction of the 3D printing construction Market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 3D printing construction Market share.
• The current market is quantitatively analyzed to highlight the 3D printing construction market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

 3D Construction Printing Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights