This statistic presents the value of security printing market worldwide in 2016 and a forecast for 2021. Security printing helps to protect various items such as banknotes or identity cards from fraud. In 2016 the security printing industry was valued at 25.53 U.S. dollars and it was forecast to increase to 40 billion U.S. dollars in 2021.

Money Supply M0 in the United States decreased to 5614000 USD Million in February from 5614200 USD Million in January of 2025. This dataset provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of M2 money supply in the U.S. amounted to 20.86 trillion U.S. dollars in 2023, which was a slight decrease compared to the previous year. While between 2000 and 2019, the M2 money supply increased at a relatively slow pace, there was an exceptionally sharp increase in 2020, which was the result of the Federal Reserve's quantitative easing in response to the COVID-19 pandemic.

Graph and download economic data for Currency in Circulation (CURRCIR) from Aug 1917 to Feb 2025 about currency and USA.

Money Supply M2 in the United States increased to 21447.60 USD Billion in November from 21311.20 USD Billion in October of 2024. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023. General Electric has the most 3D printing patents in the United States.

Utilization of materials in 3D printing
3D printing is able to utilize many materials for a wide range of applications. New materials and applications continue to be developed on a rapid basis. These new applications are likely to enter a wide range of industries.

Fast-growing 3DP materials
Among the fastest-growing services for a specific material type are metals and metal alloys. Metal 3D printing technology is relatively young but many major breakthroughs take place every year. Printing metals are generally more expensive, such as copper, for example; metals use heavier and more precious materials. This application is generally a slower process and the machinery itself is more expensive. As more businesses begin to have their own printers, printing software will grow faster than printing services.

According to Cognitive Market Research, the global Banknote Printing Machine market size will be USD 12524.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9911.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3757.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2880.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 626.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
The government authorities and private enterprises represent the dominant end-user category. Government authorities, such as national treasuries and finance ministries, are responsible for the issuance of currency and often collaborate with private enterprises to meet their printing needs

Market Dynamics of Banknote Printing Machine Market

Key Drivers for Banknote Printing Machine Market

Increasing Demand for Enhanced Security Features to Boost Market Growth

One of the primary drivers fueling the banknote printing machine market is the escalating demand for advanced security features in currency production. As counterfeiters develop more sophisticated methods to replicate banknotes, governments and central banks are investing in cutting-edge technologies to safeguard their currency. This trend necessitates the integration of complex security elements, such as holograms, color-shifting inks, and embedded security threads, into the design and printing processes. Consequently, manufacturers of banknote printing machines are responding by innovating their equipment to accommodate these high-tech features, leading to a surge in demand for machines capable of producing more secure and reliable currency. This focus on enhancing security not only protects the integrity of monetary systems but also reinforces public trust in the currency. For instance, May 2022, Giesecke+Devrient (G+D) developed a “Green Banknote,” which acts as a blueprint for using ecological, resource-saving material for banknotes, and integrating state-of-the-art security features to improve the cash cycle

Growth of Cash Transactions Amid Economic Recovery to Drive Market Growth

Despite the rising trend of digital payments, the resurgence of cash transactions, particularly in developing economies, significantly drives the banknote printing machine market. As economies recover from downturns, there is a notable increase in cash usage for everyday transactions, prompting central banks to bolster their currency supply. Additionally, many consumers prefer cash for its tangible nature and ease of use, especially in regions with limited access to banking infrastructure. This growing reliance on physical currency necessitates the production of new banknotes, pushing governments to invest in advanced printing technologies. As a result, manufacturers of banknote printing machines are well-positioned to capitalize on this opportunity, meeting the rising demand for efficient and high-quality currency production to support a robust cash-driven economy.

Restraint Factor for the Banknote Printing Machine Market

High Initial Investment Costs, will Limit Market Growth

One significant restraint affecting the banknote printing machine market is the high initial investment costs associated with acquiring advanced printing technologies. These machines often come with substantial price tags due to their complex engineering, integrated security features, and the need for ongoing maintenance and support. For many smaller printing firms or emerging economies, the financial burden of investing in such high-tech equipment can be prohibitive, limiting their ability to participate in the market. This constraint can lead to a slower adoption of new printing technologies and hinde...

This statistic gives the projected size of the global market for 3D printing, materials and associated services in 2015 and 2025. On a worldwide scale, the market is expected to amount to almost 50 billion U.S. dollars by 2025.

Projected size of the global market for 3D printing, materials and associated services

The disruptive technology of 3D printing continues to make inroads into different industries, including construction, aerospace, automotive and the medical technology industry. Using 3D printing enables product developers to print parts and composites from different materials with unique mechanical and physical properties in one single process. This process is also known as additive manufacturing. It is different from traditional manufacturing insomuch as that it adds materials - typically in layers - in order to form something new.

China, Europe and the United States are among the largest markets for 3D printing. The U.S. 3D printer manufacturing market can be broken down into three segments, including materials, 3D printing machines, as well as 3D printer maintenance. In 2014, the 3D materials segment accounted for just under 40 percent of the total U.S. market. Worldwide, 3D printing products and services accounted for about 35 percent of the total 3D printing market. The materials used in 3D printing include plastics, metals, ceramics and wax. Baosteel and BHP Billiton are ranked among the leading suppliers of 3D printing products, while the largest manufacturers of 3D printers include Stratasys, ExOne and 3D Systems.

According to Cognitive Market Research, the global 3D Printed Electronics market size is USD 8154.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 16.20% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with a market size of USD 3261.68 million in 2023 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2023 to 2030
Europe market of more than 30% of the global revenue with a market size of USD 2446.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2023 to 2030
Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD 1875.47 million in 2023 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2023 to 2030
Latin America market of more than 5% of the global revenue with a market size of USD 407.71 million in 2023 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2023 to 2030
Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 163.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2023 to 2030

Miniaturization and Enhanced Design Flexibility to Provide Viable Market Output

A key driver in the 3D Printed Electronics Market is the trend towards miniaturization and enhanced design flexibility. 3D printing technology allows for the precise layering of electronic components on a microscopic scale, enabling the creation of compact and intricately designed electronic devices. This driver is fueled by the demand for smaller, lightweight, and more portable electronics in various industries, from consumer electronics to medical devices.

January 2022 - Optomec Inc., a supplier of solutions for 3D Printed Electronics and 3D Printed Metal, announced a sharp increase in bookings during the fiscal year 2021, including nearly 60% growth in new orders for its proprietary Aerosol Jet and LENS industrial printers.

Source-optomec.com/optomec-announces-60-growth-in-additive-electronics-and-metal-system-orders/#:~:text=Albuquerque%2C%20New%20Mexico%2C%20January%2020,and%20LENS%C2%AE%20industrial%20printers.

Rapid Prototyping and Customization Capabilities to Propel Market Growth

Another significant driver shaping the 3D Printed Electronics Market is the rapid prototyping and customization capabilities afforded by 3D printing. This technology facilitates the quick and cost-effective prototyping of electronic components and devices, allowing manufacturers to iterate and refine designs rapidly. This speed in product development is crucial in industries where time-to-market is a critical factor. Additionally, 3D printing enables the customization of electronics based on specific requirements, leading to tailored solutions for diverse applications.

January 2022 - Nano Dimension confirmed the purchase of Inkjet Systems Ltd., situated in the United Kingdom, for USD 18.1 million. The purchase improves Nano Dimension's product lines in the market for 3D printing gear.

Source-www.globalinkjetsystems.com/nano-dimension-acquires-global-inkjet-systems-implements-its-vision-for-specialized-3d-printing-and-additive-manufacturing/

Market Restraints of the 3D Printed Electronics Market

Precision Challenges and Industry Standards to Restrict Market Growth

Despite notable advancements, the 3D Printed Electronics market faces key restraints that hinder its widespread adoption. The intricate nature of electronic components demands high precision, posing challenges for 3D printing technologies to consistently meet stringent industry standards. Material limitations and the need for specialized conductive inks further impede the versatility of 3D printing in electronics. Additionally, the upfront costs associated with acquiring and implementing advanced 3D printing equipment act as a barrier for some businesses.

Impact of the COVID-19 on 3D Printed Electronics market

The COVID-19 pandemic significantly impacted the 3D Printed Electronics market, presenting both challenges and opportunities. On one hand, disruptions in the global supply chain and manufacturing processes, coupled with economic uncertainties, led to delays and setbacks in the industry. However, the pandemic also underscored the importance of resilient and agile manufacturing solutions, prompting increased interest in 3D print...

The Global Digital Printing Market Size Was Worth USD 40 Billion in 2023 and Is Expected To Reach USD 88 Billion by 2032, CAGR of 12%.

In 2023, there were a total of 54.6 billion U.S. dollar notes in circulation, roughly 500 million more than in the previous year. Of these, 18.9 billion were 100-dollar bills, which had the highest volume in circulation. This was followed by the one-dollar bill, with 14.5 billion in circulation. During the observed period, the largest increase in the volume of currency in circulation occurred in 2020, as part of the quantitative easing measures introduced by the Federal Reserve.

In 2021, the import value of printed books and newspapers into the Gambia amounted to approximately 3.3 million U.S. dollars. This was a decrease in value compared to the preceding year when roughly six million U.S. dollars of the products were imported. Furthermore, Belgium was one of the main trade partners of the Gambia in terms of book and newspaper imports, with a share of around 40 percent.

In 2023, China’s monetary authority, the People’s Bank of China, issued more than 11.9 trillion yuan which was the highest amount issued in one year so far. Over the past years, the value of printed money increased steadily. The issuing of currency was one function of a central bank.

Maintaining price stability

One of the main policy objectives of the People’s Bank of China was to maintain price stability. Typically, countries set the desired inflation target and the central bank implements the necessary policies to achieve the said target. Usually, China keeps its inflation target at around three percent, but in 2021, the inflation rate dropped to under one percent. If the inflation rate is too low, central banks can issue more currency and decrease the interest rate. In the opposite scenario, if the inflation rate is too high central banks try to reduce the amount of money in circulation by increasing the interest rate or decreasing bond prices.

Managing the economy

In capitalist market economies, economies usually undergo a boom and bust cycle. Central banks attempt to counteract this cyclical development to soften the impact for its citizens. For instance, the Chinese government aims to maintain an unemployment rate of around four percent. However, crises such as the 2008 financial crisis and the outbreak of COVID-19 have an unforseen impact on the economy. To lower the employment rate, the People’s Bank engaged specific monetary policies to stimulate the economy with the aim of increasing job creation.

According to Cognitive Market Research, The Global Managed Print Services market volume was USD 38.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. Rapid Industry-wide Digitalization is Driving the MPS Market

The growth of the market has been considerably influenced by organizational efforts to reduce paper waste and the adoption of more digital resources. Paper usage is being limited by businesses. Their rise will accelerate in the foreseeable future as managed print services help reduce waste. When businesses use managed print services, the associated costs go down. These cost savings enable businesses to increase their profit margins.

The majority of the business benefits that MPS is anticipated to provide include better service quality and dependability (44%), increased security (43%), increased business process efficiency (40%), and aid with transferring print infrastructure to the cloud (40%).

(Source:h20195.www2.hp.com/v2/getpdf.aspx/4aa8-1111enw.pdf)

According to estimates, the BFSI business will increasingly adopt automation and digitization, which will increase demand for MPS as a way to save costs and streamline the current printing process. Businesses are also emphasizing protection against data breaches and other similar dangers as a result of the increased attention on cyber-security.

Rising Adoption In manufacturing companies Is Boosting The Markt Expansion

From the ordering of products to the transportation and distribution of final goods, printing is a crucial component of company operations for manufacturing organizations. Manufacturing companies are always looking for solutions to preserve critical information and outputs in a secure format.

With their cooperation with a leading cybersecurity company and maker of security cameras, Mobotix, Konica Minolta saw their production print market grow by over 20% between 2021 and 2022, while the solution market grew by 42%. Similar to Mobotix, who have a 19 percent year-over-year growth in the solutions marke.

(Source:www.businesswire.com/news/home/20230525005274/en/Pacific-Office-Automation-Announced-Revenue-Increase-of-15-Percent-in-Konica-Minolta-Products-for-2022)

Manufacturing companies want assistance in lowering office and production printing expenses and enhancing production effectiveness. Additionally, consolidating vendors could lower the cost of printing and imaging, and using fax over IP could do the same.

The Factors Are Preventing The Managed Print Services Market From Expanding

Rising Usage Of Digital Media is a Significant Obstacle To Market Expansion

A significant obstacle to market expansion is the rising usage of digital media. Various tactics are being used by numerous organizations all over the world to cut operational costs. Although purchasing paper may not be expensive for businesses, the expense of storing, the printing process, and copying is expensive. Approximately 30 times as much money is spent on paper operations as there is to pay for the actual paper. As a result, businesses encourage their staff to print the relevant paperwork.

Impact of COVID-19 on the Managed Print Services Market

One of the many industries adversely affected by the COVID-19 pandemic outbreak was the managed print services market. Due to the COVID-19 outbreak, the printing sector experienced delays due to self-isolation regulations, manufacturers changing the routes of their suppliers away from manufacturing hubs like China, and modifications to the packaging supplies used for everyday goods. The demand for vital goods has risen due to both sectors' provision of necessities during the pandemic. As a result, managed print services are now more frequently used. Introduction of Managed Print Services

To manage the output of business documents, outside print suppliers offer managed print services (MPS). Managed print services (MPS), which enable digital technologies and printing services, securely manage the print and scan infrastructure of homes and businesses.The increased use of managed print services (MPS) among various end users drives the global market.

These advancements enable companies to provide more customized solutions and services, which fuels the expansion of the Managed Print Services market.

For instance, Fisher's Technology bought the managed print services secti...

According to Cognitive Market Research, the global photo printing market size will be USD 20542.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 8217 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6162.8 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4724.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1027.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 410.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Digital printing is the fastest-growing product type category of the photo printing industry.

Market Dynamics of Photo Printing Market

Key Drivers for Photo Printing Market

Growing Consumer Requirement for Personalized Products and Gifts to Expand Market Share

The increased customer preference for personalized products has become an important contributor to growth in the photo printing industry. Customized photo gifts, such as photo books, personalized calendars, and unique items like mugs, t-shirts, and canvas prints, are in higher demand as consumers seek meaningful and individualized presents for special occasions. The ability to add personal photos to products enhances emotional value, which makes these items highly preferred after events such as birthdays, weddings, and holidays. With the growth of e-commerce platforms, consumers are now turning to online photo printing services to upload images and create custom-designed products easily. This shift in consumer behavior has promoted the expansion of the photo printing market share, as personalized products have become an essential part of the gifting experience.

Emerging Innovations in Digital Printing Technologies to Drive Market Expansion

Continuous advancements in digital printing technologies are revolutionizing the photo printing market by enhancing the quality, efficiency, and affordability of printing solutions. Growing innovations in inkjet and laser printing technologies have led to higher resolution and more vibrant prints, enabling consumers to achieve professional-quality results at home or through online printing services. The enhanced quality of digital photo prints, combined with faster production times and reduced costs, has made photo printing more accessible to a wider audience. These improvements in digital printing technologies not only cater to the needs of individual consumers but also support professional photographers and businesses in sectors such as retail and event planning, contributing to the overall growth of the global market.

Restraint Factor for the Photo Printing Market

High Competition from Free Digital Photo Storage and Sharing Platforms to Limit Market Size

The photo printing market faces most of the competition due to the increasing use of free digital photo storage and sharing platforms, such as Google Photos and Apple iCloud, as well as social media platforms like Facebook and Instagram. These platforms allow users to store, organize, and share their photos without the need to print physical copies. This trend has reduced the demand for physical photo prints, particularly among younger generations, who are more inclined to rely on their smartphones for storing and sharing memories. While printing services remain popular for special occasions or personalized gifts, the overall market for everyday photo printing is constrained by the widespread use of free, cloud-based storage and sharing options.

Impact of Covid-19 on the Photo Printing Market

The COVID-19 pandemic moderately impacted the photo printing market, initially causing a decline in demand due to lockdowns, travel restrictions, and social distancing measures. With physical stores closed and many consumers staying home, there was a temporary shift away from ordering physical prints, espe...

Indonesia Import: HS49: Value: Peru: Printed books, newspapers, pictures, and other products of printing in data was reported at 0.242 USD th in Nov 2024. This records a decrease from the previous number of 0.830 USD th for Oct 2024. Indonesia Import: HS49: Value: Peru: Printed books, newspapers, pictures, and other products of printing in data is updated monthly, averaging 0.767 USD th from Jan 2019 (Median) to Nov 2024, with 40 observations. The data reached an all-time high of 3,406.281 USD th in Apr 2021 and a record low of 0.025 USD th in Nov 2019. Indonesia Import: HS49: Value: Peru: Printed books, newspapers, pictures, and other products of printing in data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAF105: Import: by HS 2 Digits: Peru.

Graph and download economic data for Monetary Aggregates and Their Components: Broad Money and Components: M3 for United States (MABMM301USM189S) from Jan 1960 to Nov 2023 about M3, broad, monetary aggregates, and USA.

According to Cognitive Market Research, the global 3D Printed Solar Energy Trees market size is USD 1251.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 22.50% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with a market size of USD 500.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2023 to 2030.
Europe market of more than 30% of the global revenue with a market size of USD 375.36 million in 2023 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2023 to 2030
Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD 287.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2030
Latin America market of more than 5% of the global revenue with a market size of USD 62.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 21.9% from 2023 to 2030.
Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 25.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 22.2% from 2023 to 2030

Sustainable Urban Integration to Provide Viable Market Output

A key driver in the 3D Printed Solar Energy Trees market is the drive towards sustainable urban integration. As cities aim to become more eco-friendly, the concept of 3D Printed Solar Energy Trees emerges as a solution that harmonizes renewable energy generation with urban landscapes. These structures can serve dual purposes, providing green spaces while seamlessly integrating solar panels into their design. The demand is fueled by a global push for sustainable city planning, where 3D Printed Solar Energy Trees act as both functional energy generators and aesthetically pleasing additions, contributing to urban sustainability goals.

In July 2016, India's Union Minister for Science & Technology and Earth Sciences launched the 'Solar Power Tree' in New Delhi. It has been developed by the Central Mechanical Engineering Research Institute, a constituent laboratory of Council of Scientific and Industrial Research (CSIR-CMERI).

Source-pib.gov.in/newsite/printrelease.aspx?relid=147570

Technological Advancements in 3D Printing and Solar Integration to Propel Market Growth

Another key driver is the ongoing technological advancements in both 3D printing and solar energy integration. Innovations in 3D printing techniques enable the fabrication of intricate and efficient structures, optimizing the design of solar energy trees for maximum energy capture. Concurrently, advancements in solar technology enhance energy conversion efficiency. The synergy between these technological domains propels the 3D Printed Solar Energy Trees market forward, making these structures more viable, cost-effective, and capable of meeting the rising demand for sustainable energy solutions. The continuous evolution of these technologies reinforces the market's growth trajectory.

Market Restraints of the 3D Printed Solar Energy Trees market

Technological Limitations to Restrict Market Growth

Another significant challenge lies in the technological limitations of 3D printing materials suitable for solar energy applications. Ensuring durability, efficiency, and cost-effectiveness in materials compatible with 3D printing processes remains a hurdle, impacting the seamless development of robust and efficient 3D Printed Solar Energy Trees.

Impact of COVID-19 on the 3D Printed Solar Energy Trees market

The COVID-19 pandemic has had a mixed impact on the 3D Printed Solar Energy Trees market. On one hand, disruptions in global supply chains and manufacturing processes led to delays and shortages in the production of 3D printed solar energy trees, hindering the market's growth. The economic downturn also resulted in reduced investments and funding for renewable energy projects, impacting the overall demand for innovative solutions like 3D printed solar structures. However, the pandemic has also underscored the importance of sustainable and resilient energy sources, fostering a growing awareness of renewable technologies. As the world recovers, there is potential for increased interest and adoption of 3D printed solar energy trees as part of efforts to build more sustainable and resilient energy infrastructures. What is&nb...

According to Cognitive Market Research, the global Construction 3D printing market size is USD 3612.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 62.80 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1444.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 61.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1083.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 830.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 64.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 180.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 62.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 72.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 62.5% from 2024 to 2031.
The extrusion held the highest construction 3D printing market revenue share in 2024.

Driving Factors For The Construction 3D Printing Market

How Rising Acceptance Of Green Projects Will Drive Growth In Construction 3D Printing Market?

One of the main factors boosting the market growth is the increasing acceptance of green initiatives worldwide. To cut costs and create energy-efficient buildings, building construction companies are increasingly turning to green construction techniques like additive manufacturing. The process of creating structures with minimal environmental impact by utilising sustainable building materials and procedures is known as green construction. The growing usage of BIM or building information modelling is projected to propel the market growth in the coming years. For engineers, professionals, architects, and other stakeholders, BIM offers a collaborative platform and knowledge base for effective decision-making and design, planning, and implementation.

Growing Uptake of 3D Printing in the Building Sector to Propel Market Growth

3D printing is used by several industries for production, product development and prototyping. With shorter lead times, more creative freedom, and digital production businesses in a variety of industries, including construction and automotive are embracing 3D printing to accelerate digital transformation. The construction business is increasingly utilising 3D printing technology. It is anticipated that some areas of building will expand more quickly than others.

The factors attempting to influence this growth include the increasing environmental issues related to the trash generated by the business, the potential for customisation and architectural adaptation through the use of this technology, and the speed at which prototype models are created. Additionally, a number of advantages like decreased human error, manufacturing, waste reduction, and design freedom propel the 3D printing market's expansion.

Market Restraints of the Construction 3D Printing Market

Safety Regulations and Structural Integrity to Restrict the Market Growth

The fact that a construction cannot be made sustainable by 3D printing alone has long been one of the main concerns regarding 3D printed buildings. Other than the walls and frames, residential buildings also require plumbing and electrical components, both of which have limited lifespan.

The parts are among these constituents. Another significant drawback of employing this procedure is that the materials utilised in the process such as concrete, gypsum, sand, and geopolymer have a propensity to degrade over time and lose some of their structural integrity. These 3D printing difficulties can weaken the structure as a whole, which would be detrimental to the use of 3D printing in the construction sector and would prevent the technology from entering new markets.

Impact of Covid-19 on the Construction 3D Printing Market

The COVID-19 pandemic had a negative impact on the global market's expansion. Due to disruptions in the raw material supply caused by the pandemic, numerous construction projects worldwide have reached a standstill. The major competitors in the global market saw a sharp decline in revenue in 2022. But the intensity of the countermeasures that...

Reading books remains a popular pastime for U.S. adults, with 75 percent of respondents to a 2021 survey saying that they had read a book in any format within the last year. Despite online media formats now being the preferred option for many consumers when it comes to television, music, and gaming, print books are by far the most popular format among readers in the United States. Whilst almost double the share of adults now read audiobooks compared to 2011, only 23 percent claimed to have read an audiobook in the last year compared to 65 percent who said that they had read a print book.

Book sales in the United States

In 2020, bookstore sales in the United States amounted to 8.84 billion U.S. dollars. Sales in 2019 and 2020 were the lowest recorded since the early 1990s, and the combined effect of the coronavirus outbreak, along with the growing appeal of online purchasing, will likely mean that bookstore sales will continue to drop. Bookstores tend to see most success in August, December, and January, and sales revenue often surpasses one billion U.S. dollars in those months each year. That said, monthly retail sales of bookstores in the U.S. are notably lower overall than in previous years and were particularly poor in spring 2020 as a result of national shutdowns to stem the spread of COVID-19.

Influence of COVID-19 on reading habits

The coronavirus pandemic led to increased media consumption in general, but not only among avid video and music streaming fans. Data from a survey in March 2020 revealed that 40 percent of Millennials read more books due to the COVID-19 outbreak, making consumers in this group the most likely to have done so compared to 33 percent of the total survey sample. Meanwhile, 61 percent of Boomers said that their reading habits had not changed.