In an interview with Forbes, Guidehouse Insights says 3D printing technology has the potential to unlock new industries such as affordable homes
Though the industry is still maturing, 3D printing for buildings can create cost reductions, speed up timelines, and use a more sustainable approach compared to traditional construction.
In an interview with Forbes, Sasha Wedekind, research analyst with Guidehouse Insights said considering tight construction margins and labor shortages, 3D printing has the potential to revolutionize construction and unlock new markets to the industry, such as affordable homes.
“I see a lot of potential in 3D printing in construction beyond building envelope, specifically in finishing and architectural elements, such as stairs, flooring systems, ceiling systems, etc.,” Wedekind said. “3D printing has the potential to democratize design in these product categories, enabling designers and customers to create unique features in their home/building at a fraction of a cost of custom features today.”
Wedekind noted an increase in case studies that show successful projects and expects the market to continue to grow. According to the Guidehouse Insights report she recently authored, 3D Printing for Residential and Commercial Construction, construction in 3D-printed buildings is expected to increase from $6.5 million in 2020 to $264 million in 2029 at a 51% compound annual growth rate.
“There are many early adopters because cost reductions and construction speed have a huge appeal to customers. That is the appeal across 3D for construction, including interior products,” Wedekind said.