3D printing technology company aims to create affordable housing for the 21st century and promises to cut home construction time from three months to just five days
Apis Cor, a Florida-based additive manufacturing company, has been approved by the Securities and Exchange Commission to make a public offering, becoming the first company of its kind. This development comes at a time when where additive manufacturing (aka 3D printing) will soon experience exponential growth as construction companies begin to adopt 3D printing technologies on a global scale.
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With the aim of providing affordable housing for the 21st century, Apis Cor vows to reduce home-construction times from three months to a mere five days. (Photo: Business Wire)
“This is a truly historic moment,” said Anna Cheniuntai, CEO of Apis Cor. “Now anyone – even small individual investors – can become a part of this exciting new space that will revolutionize the construction industry in the months and years to come.”
The construction sector is preparing for digitization
According to a report by researchandmarkets.com, the global construction sector is expected to surge in the post-pandemic recovery and be worth $16.6 trillion by 2025. Many experts believe that additive manufacturing will play a crucial role in this growth, as construction companies increasingly work directly with printer manufacturers, building materials companies and developers of high-tech solutions.
SmarTech Publishing, which follows breakthrough developments in additive manufacturing, expects the global construction 3D printing market to surpass $40 billion within the next five years. In a recent report, SmarTech claims that 3D printing technologies will play a pivotal role in “bringing the traditional construction industry into the digital age.”
Affordable housing for the 21st century
It is well known that the demand for affordable housing increases with population size. But with the conventional technologies of the 20th century, usable apartments can only be built with great financial and time expenditure. And that’s where Apis Cor comes in, which built the world’s largest 3D-printed building in 2019, according to Cheniuntai.
“A hundred years ago, the famous industrialist Henry Ford solved a similar problem by automating car manufacturing. Today we apply the same idea to housing,” she explains. “Our goal is to fully automate the home building process to reduce the overall construction time from three months to just five days.”
Cheniuntai adds: “Precisely because at Apis Cor we believe that everyone – anywhere in the world – has the right to affordable housing.”
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Anna Cheniuntai – [email protected]