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 3D printing building construction market is then expected to recover and reach $0.12 billion in 2023 at CAGR of 147.79%.
The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving demand in the 3D printing building construction market. 3D printing building construction is cost-effective, saves time, provides more precision and safety, cuts labour costs, is environmentally friendly, and easily helps build complex building structures. According to the 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 technology 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.
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 its 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 3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. 3D printing or additive manufacturing is a computer-controlled sequential layering of materials to create three-dimensional shapes. In the construction industry, 3D printing is used to build components of building or to create a whole building. It helps to construct faster and more accurate structures with reduced labour costs and less wastage.
The 3D printing building construction market is segmented by construction into modular and full building. It is also segmented by process into extrusion, powder bonding, and others. By printing material, the market is segmented into concrete, plastic, metal, hybrid, and others. By end user, it is segmented into residential, commercial, and industrial.
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