3D Printing Construction Market Growth Drivers and Challenges:
Growth Drivers
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Rapidly Developing Construction Industry to Boost the Market Growth: In the construction industry, 3D printing is essential since it can create a physical model of a digital image. In 3D printing, specialized 3D printers are used that can manufacture a real-time 3D model by using materials such as, concrete, metal, polymer, and others. 3D printing assists designers and architects to build any complex design and it also avoids labor expensive and is intensive. Hence, such a higher demand is anticipated to drive the growth of the market over the forecast period.
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Growing Utilization in the Development of Robots: It was observed that about 375,000 new robots are launched in the market annually while approximately 85% of the companies are noticed to be adding robotics in their working infrastructure.
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Higher Demand in Automotive Industry: As of 2021, automobile sale across the globe was anticipated to be around 65 million units.
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Increasing Demand for 3D Printing in Jewelry Designing: For instance, in 2022, the global jewelry segment was estimated to reach approximately USD 250 billion.
Challenges
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Presence of Alternatives in the Market
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Requirement for Higher Initial Investment
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Constant Need for the Maintenance of 3D Printers
3D Printing Construction Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
91.8% |
|
Base Year Market Size (2025) |
USD 11.27 billion |
|
Forecast Year Market Size (2035) |
USD 7.59 trillion |
|
Regional Scope |
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