New York, May 10, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “3D Printing Building Construction Global Market Report 2021: COVID 19 Growth And Change to 2030” – https://www.reportlinker.com/p06070238/?utm_source=GNW
The global 3d printing building construction market is expected to grow from $3.8 million in 2020 to $4.63 million in 2021 at a compound annual growth rate (CAGR) of 21.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $329.01 million in 2025 at a CAGR of 190%.
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 labor costs and less wastage.
The capability to build complex structures within a stipulated time for a reasonable cost is a major factor…