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.
It was estimated prior to this unanticipated outbreak that the 3D Printing Construction Market will grow at 239.8% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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3D Printing Construction Market Segment Analysis:
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 geopolymer). 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.
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, and Sika.
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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.
Based on the research, a proper report is crafted with the following key features:
- 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
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