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The 3D printed jewelry market size is estimated to grow at a CAGR of 22% between 2022 and 2027. The size of the market is forecast to increase by USD 3,711.23 million. The growth of the market depends on several factors, including (Mention Driver Pointers).
This report extensively covers market segmentation by technology (SLA, SLS, DLP, FDM, and others), type (gold, silver, brass, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 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 adoption of 3D printing across industries is notably driving market growth, although factors such as the high consumer propensity toward substitutes may impede 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 companies refine their marketing strategies to gain a competitive advantage.
Key 3D Printed Jewelry Market Driver
The increasing adoption of 3D printing across industries is notably driving market growth. 3D printing technology is increasingly being adopted across different industries, such as healthcare, automobile, defense, consumer products, machinery, and aerospace. Increased manufacturing speed when compared with traditional manufacturing methods is one of the major advantages of 3D printing technology, which is driving its adoption.
The low cost of manufacturing is another factor driving the adoption of 3D printing technology. Producing prototypes costs significantly lesser than other alternative manufacturing methods. The process also involves minimal labor and is often competitive for manufacturing one-off functional parts. Thus, 3D printing is finding extensive applications in consumer goods such as jewelry, as it allows cost-effective, single-run production of custom jewelry. Such benefits are driving the growth of the global 3D printed jewelry market.
Significant 3D Printed Jewelry Market Trend
The introduction of extended reality in the jewelry market is an emerging trend in the market. Players in the market are investing in technologies such as AR and VR to provide enhanced customer experience, Many e-commerce companies that are engaged in the selling of jewelry are developing platforms based on extended reality technologies. The platform allows customers to virtually try the jewelry online with the help of the camera on their device.
The feature also helps users in deciding the perfect product based on their requirements. Apart from web applications, e-commerce players are also making the feature available in both Android and iOS platforms. The extension of such features is allowing customers to make informed decisions when purchasing their jewelry online. This trend is positively influencing the growth of the market during the forecast period.
Major 3D Printed Jewelry Market Challenge
High consumer propensity toward substitutes is a major challenge impeding market growth. The demand for jewelry is continuously increasing in Asian countries where consumers view jewelry as an investment. However, the adoption of 3D printed jewelry is low in these countries due to the lack of awareness about the availability of 3D printed jewelry.
Moreover, many vendors do not focus much on advertising these products commercially when compared with traditional jewelry. Hence, many consumers in developing regions are unaware of 3D printed jewelry and its availability. As a result, potential buyers opt for traditional jewelry, which is widely available. Furthermore, the absence of hallmarking on 3D printed jewelry fails to garner trust among consumers, which is hindering the growth of the market.
Key 3D Printed Jewelry Market Customer Landscape
The market 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 companies evaluate and develop their growth strategies.
Global 3D Printed Jewelry Market Customer Landscape
Vendors 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.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the SLA segment will be significant during the forecast period. Stereolithography (SLA) technology is widely used to create models, prototypes, patterns, and parts in various industries, including jewelry. The technology involves converting liquid materials into solid parts, layer by layer, by selectively curing them using a light source in a process called vat polymerization.
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The SLA segment showed a gradual increase in the market share of USD 328.09 million in 2017 and continued to grow by 2021. SLA technology is ideal for prototyping and casting jewelry with intricate details. It provides improved speed and convenience while producing stronger and more intricate jewelry.
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North America is estimated to contribute 40% 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 growth of the regional market is driven by high technological advances and increasing investments by governments and industry participants in additive manufacturing.
Another reason for the market domination by North America is the growing demand for personalized jewelry. Consumers in the region are exhibiting high demand for personalized and unique design jewelry studded with cut and polished diamonds. Technological innovations in online retail channels along with the inclusion of AR technologies have further boosted the growth of the 3D printed jewelry market in North America.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The rapid spread of the pandemic forced offline retail stores to shut down, which reduced the demand for jewelry, including 3D printed jewelry. However, after the resumption of business activities, market vendors launched new products in the regional market and expanded their production capabilities.
The 3D printed jewelry market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
3D Printed Jewelry Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 22% |
Market growth 2023-2027 |
USD 3711.23 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
21.16 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Systems Corp, All3DP GmbH, August Jewelery Pvt. Ltd., Diana Law Printed Accessories, Doug Bucci Studios LLC, Formlabs Inc, Freres Berger Ltd., General Electric Co., Imaginarium India Pvt. Ltd., Kapit Mas, LuxMea Studio, MIRAKIN, Morris and Watson, Nervous System Inc., Nykaa Fashion Pvt. Ltd., OLA Jewelry, RADIAN, Rapid Shape GmbH, Shapeways Inc., and Ultimaker BV |
Market dynamics |
Parent market analysis, 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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