How Is 3D Printing Changing the Real Estate Industry?

Written by Posted On Tuesday, 13 July 2021 09:04
3D Printing A House 3D Printing A House

3D printing, or additive technology, is an interesting technology that has numerous applications both now and the future. 3D printing has the potential to impact various aspects of the real estate industry, industrial automation and more. Agents, buyers and investors have much to become familiar with as this technology becomes more commonplace and may serve to reduce construction costs.

From the most common form of 3D printing, to current use of the technology and future expectations and challenges, get a clear overview of this game-changing technology. Learn more about how 3D printing may impact the real estate industry and more today.

What Is the Most Common Form of Additive Technology?

The most prevalent type of 3D printing method is considered to be Fused Deposition Modeling (FDM). In this process thermoplastic filaments are melted and used to create an object layer by layer. Scott Crump invented this innovative approach in the 80s. Fused Filament Fabrication (FFF) is based upon similar principles. With an FDM printer, CAD files are used to create 3-dimensional objects. FDM can be considered to take longer than other 3D printing methods, such as selective laser sintering (SLS) and stereolithography (SLA). FDM can be used to create detailed and complex objects. Engineers who may have to test parts may use FDM. Individuals are able to purchase FDM printers for home use.

How Is 3D Printing Being Used in Real Estate?

3D printing is a hot technology being discussed at The Toronto Real Estate Board’s RealtorQuest event, with over 1500 attendees at recent sessions. Javelin is interested in showing how 3D printing may influence the architectural vertical. 3D printing can help clients visualize a space using models made from additive technology. Many people can connect better with printed models rather than simply looking at drawings of a proposed structure. However, 3D printing can be used for more than just selling properties to potential clients and investors.

This technology can also be used to create 3D printed parts for builders, home designers and architects. Many clients appreciate being able to see and touch a 3D printed parts when concepts are being communicated. Builders and designers may appreciate having an affordable way to manufacture products needed for the next wave of innovative homes and buildings.

How Can 3D Printing Impact Industrial Automation?

Experts believe that advanced in 3D printing technology will be most strongly felt in the area of industrial machinery production. 3D printers can now create objects using a variety of materials, such as steel, copper, aluminum, and titanium and may be used when it comes to manufacturing parts for the automotive and aerospace industries. 3D printing technology makes it easier to innovate and create products necessary with less material and reduced costs of development. These products are able to enter the market faster than those made using traditional methods.

Manufactures need from 40 to 70 percent less material to print a product using additive technology. This makes innovative design and manufacturing of new products more affordable and efficient. It can take approximately four weeks and $10,000 to manufacture an end-of-arm robot tool with modern manufacturing methods. The switch to FDM printing cuts both cost and time drastically. The same tool can be made in 24 hours and will cost $600. Reducing costs and increasing customer satisfaction are important objectives for traditional manufacturers looking into 3D technology.

What Are the Challenges to Intellectual Property Rights with 3D Printing?

It appears that there may be a need to thinking Intellectual Property (IP) with advances in 3D printing technology. When a CAD model of a product or item does not exist, it is possible to scan an existing item in order to create the necessary file. Customers may be interested in buying CAD files from manufacturers in order to stay compliant. Otherwise, they may be able to scan and reverse engineer any product they need for their purposes. Industrial parts manufacturers may have to think about such situations with expiring 3D printing patents. As consumers become more comfortable with using 3D printing and the technology becomes commonplace, this may be a real concern for those owning IP rights.

What Will the Future Hold for 3D Printing?

First of all, the 3D printing market is projected to grow significantly, up to 40 percent annually for the next few years.  Many companies are expected to join companies such as ExOne, EOS, Arcam and 3D Systems. Amazon, Google, Apple and other companies are looking into the 3D printing market. With additional focus on the technology, there may be fewer limitations when it comes to 3D printing and its potential applications.

Do More with 3D Printing Technology

Agents, builders and manufacturers should be aware of the potential of 3D printing technology. Items that may be difficult to create with traditional manufacturing methods, such as those using curvature, are easy to manufacture with additive technology. From selling new plans and products to clients and investors, to manufacturing and building with greater efficiency, there are a number of reasons why companies are investing into this rapidly evolving technology.

 

 

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Justin Havre

Justin Havre is a Calgary native and owner of Justin Havre & Associates.

https://calgary.com

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