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Covid-19 Impact on 3D Printing Construction Market is Booming Across the Globe, Explores the Latest Report

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.

   

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

3D printing constructionrefers to various technologies that use 3D printing to fabricate buildings orconstruction 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 constructionis done with different materials such as concrete, metal, composite, andothers. They are constructed through different construction methods such as extrusion and powder bonding. 

This report studies themarket covering a period of 12 years of trend and forecast. The report providesdetailed 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 asextrusion and powder bonding. Theextrusion segment held the larger share of the market in 2019, and is expectedto remain dominant during the forecast period owing to itssuperior 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 toremain dominant during the forecast period owing to itsvarious advantages, such as environmental resistance, compressive strength,cost-effectiveness, and design flexibility. 

Based on the end-use sector type, the 3D printing constructionmarket is segmented as building and infrastructure. The building segment leads the market.The growth can be attributed to the increase in population, which is givingrise 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-Pacificis estimated to be the largest as well as fastest growing 3D printingconstruction market during the forecast period, owing tothe 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. 

KeyPlayers:  

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 offershigh-quality insights and is the outcome of detailed research methodologycomprising 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 reportdiscusses the following heads in great detail: 

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

· COVID-19 Impact Assessment 

· Market environmentanalysis: Growth drivers and constraints, Porter’s five forces analysis, SWOTanalysis 

 Market trend and forecastanalysis 

Market segment trend andforecast 

 Competitive landscape anddynamics: Market share, product portfolio, product launches, etc. 

· Attractive market segmentsand associated growth opportunities 

· Emerging trends 

· Strategic growthopportunities for the existing and new players 

 Key success factors        

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