Product ID: SQMIG15F2108
Global 3D Printing Construction Market Size, Share, Growth Analysis, By Application(Concept Models, Visual Arts), By Material(Concrete, Plastics), By PRINTING TECHNOLOGY (Fused Deposition Modeling (FDM), Wire Arc Additive Manufacturing (WAAM)), By End use industry(Commercial, Residential), By Construction method(Extrusion, Powder Bonding) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2108 |
Region:
Global |
Published Date: February, 2024
Pages:
274
|
Tables:
164 |
Figures:
77
Global 3D Printing Construction Market Insights
3D Printing Construction Market size was valued at USD 1.4 billion in 2019 and is poised to grow from USD 2.63 billion in 2023 to USD 397.5 billion by 2031, at a CAGR of 87.38% during the forecast period (2024-2031).
3D Printing Constructions are becoming popular since they enable Better visualization of the projects for builders and customers. One can produce a photo realistic rendering and do and redo 3D models until it matches expectation. Before 3D painting, the production time was too high which was having a negative impact on industry. Introduction of high speed automated machines which reduce the production time with zero human error has significantly helped the construction industry. The technological advancement does not need extra support, different material or other aspects to keep in mind that traditional methods required in the past. Production cost on material waste has been reduced significantly due to the introduction of 3D printing in construction industries. For instance, robotic arms use a precise amount of material than needed. Along with reducing the material waste, they also have the capability to use recycled material. This reduction of material waste has also enhanced the industry due to the environmental benefits it produced.
Using additive manufacturing as well as recycled products has also allowed the fewer people working on the construction, which has led to the cost effectiveness. Along with waste management cost effectiveness, the most important solution which 3D printing construction provides is innovative solutions in the construction industry.
US 3D Printing Construction Market is poised to grow at a sustainable CAGR for the next forecast year.
Global 3D Printing Construction Market Report Snapshots
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