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The global 3D-printed footwear market size is estimated to grow by USD 1,972.58 million at a CAGR of 19.72% between 2022 and 2027.
3D-printed footwear comes in different types of colors, materials, and other factors dependent on user preferences. Due to the increasing demand for footwear, firms are coming up with new product launches, implementing effective strategies to attract customers, and focussing on manufacturing 3D-printed footwear using patented technologies to stand out in the market. For instance, in May 2021, Adidas announced the launch of 4DFWD shoes with a Carbon 3D-printed lattice midsole which was preferred by customers globally. Direct-to-consumer (DTC) selling is an emerging technology that is rapidly gaining traction for firms offering these products which is propelling the market growth. The US is the leading region driving the market growth followed by UK, China, and Germany.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing emphasis on personalized 3D-printed footwear is notably driving the market growth, although factors such as lack of in-house expertise may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help firms refine their marketing strategies to gain a competitive advantage.
Key Driver
The increasing emphasis on personalized 3D-printed footwear is notably driving market growth. Firms operating in the global market follow various strategies to increase their sales. One such strategy is offering customized models of these products. Offering customized models enables firms to address the unique requirements of their customers and maintain strong customer relationships. It also helps the customers to order the product of their choice in their own comfort.
Companies that offer customizable products in the global market are EOS and Adidas, among others. Adidas offers Futurecraft 3D, a unique 3D-printed running shoe midsole that can be tailored to the cushioning needs of the feet of individuals. Through customization, the company creates a flexible and fully breathable carbon copy of the customer's footprint, matching the exact contours and pressure points to create a good experience for the customer. Such a rising demand for customized products will increase the sales of such models and drive the growth of the global market during the forecast period.
Significant Trend
Innovations in 3D printing are emerging trends in the market. Many firms that offer these products are collaborating with 3D printing technology providers to develop footwear. 3D printing technology helps firms reduce the time required from conceptualizing a new design to reaching store shelves by one-third compared with the typical requirement. Hence, such benefits offered by 3D printing technology in the market have encouraged technology providers to develop updated versions of these products.
In April 2019, Stratasys announced the launch of its F120 3D printer. The new 3D printer is equipped with simple controls and remote self-monitoring. It ensures high levels of reliability and repeatability. Some footwear designers are also focusing on designing new footwear using Stratasys' advanced 3D printing technology. Therefore, innovations in 3D printing technology may encourage firms to integrate such technologies, which will drive the growth of the market during the forecast period.
Major Challenge
The lack of in-house expertise is a major challenge impeding market growth. 3D printing in the footwear market requires in-house expertise to handle various tasks such as data management, equipment design, and technology. The installation and operation of 3D printers require trained staff and experienced professionals to ensure proper installation and timely maintenance for continuous operation. Adequate knowledge about 3D printers and their functioning, technical expertise, processing, and material handling are prerequisites for staff in additive manufacturing to ensure seamless operation. Moreover, to deliver the product with complex customizations, staff need to be creative and able to handle various complex procedures to meet the exact requirements of customers.
Due to the lack of in-house expertise, manufacturing firms are facing challenges. Hence, training is an additional expense for companies, which affects their potential profitability. Hence, these factors are expected to hinder the growth of the global market during the forecast period.
Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help firms evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Kornit Digital Ltd. - The company offers printing solutions such as ink and consumables, pallets, and direct-to-garment technology for various textiles. The key offerings of the company include 3D printed footwear where a computer vision algorithm finds different points on the foot and marks 2000+ points in space to generate a point cloud of one's foot.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the men segment will be significant during the forecast period. The segment growth is mainly driven by various innovative products offered by companies operating in the market. Adidas offers Futurecraft 4D, a popular 3D-printed running shoe for men. The company has teamed up with a Silicon Valley-based 3D printing company, Carbon, which uses an advanced method for printing objects called Digital Light Synthesis, which enables printing at a ten times faster rate than other 3D printers.
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The men's segment was valued at USD 452.98 million in 2017 and continued to grow until 2021. Numerous products, as well as innovative products offered by companies operating in the segment, are expected to attract buyers, which is expected to drive the growth of this segment. There are several local and global companies in the market that offer a variety of products in the men's segment. US-based Under Armour, for example, offers several products for men under sports categories, such as basketball, cleats and spikes, hiking and trail, and sport style. The popular products for men offered by this company include ArchiTech Futurist and UA ArchiTech. Therefore, these factors will drive the growth of the market in focus during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is expected to witness significant growth during the forecast period owing to the increasing number of local and global companies operating in the market in this region and their diversified range of innovative product offerings. The market in North America is primarily dominated by the presence of a large number of companies in the US. US-based Nike offers a wide range including Nike Flyprint and Zoom VaporFly Elite Flyprint 3D. Furthermore, the company offers running shoes with 3D-printed uppers.
Furthermore, the demand for 3D-printed insoles is increasing among consumers, mainly led by the health benefits. Diabetic individuals with foot ulcers prefer insoles with 3D-printed footwear as they help in the healing process. To address this growing demand, there has been an increase in the number of companies operating in the region. Collectively, these factors have resulted in the growth of the market in the region in 2020 and 2021, and the same trend is expected to continue during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is revolutionizing the shoe industry by utilizing innovative AM hardware units to create customized shoes. Materials like plastic, nylon, and TPU are commonly used in 3D printing for durability and flexibility. Companies like Zellerfeld, Hilos, and Feetz are at the forefront of this technology, showcasing their products at events like the Hitex Exhibition Centre in Hyderabad. One of the key areas of focus is the medical applications of 3D-printed footwear, including custom-made orthotics, prosthetic footwear, and diabetic footwear. These shoes are designed to address specific conditions such as plantar fasciitis, heel spurs, and bunions, offering relief and support. They are particularly beneficial for individuals with conditions like Type 2 Diabetes, cerebral palsy, and spina bifida, with organizations like Shriners Hospitals for Children leveraging this technology to improve patient care.
3D-Printed Footwear Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.72% |
Market growth 2023-2027 |
USD 1,972.58 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
18.5 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
adidas AG, Columbia Sportswear Co, EOS GmbH, FitMyFoot Inc., Kornit Digital Ltd., LuxCreo Inc., Materialise NV, New Balance Athletics Inc., Nike Inc., OESH Shoes, Peak Sport Products Co. Ltd., Prodways Group, Scientifeet, Sculpteo Inc., Shapeways Inc., Sintratec AG, Stratasys Ltd., Superfeet Worldwide LLC, and Under Armour Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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