NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the global 3D printed jewelry market dimension is estimated to develop by USD 3,711.23 million from 2022 to 2027. The market is predicted to develop at a CAGR of 22%. Moreover, the expansion momentum will speed up. North America will account for 40% of the expansion of the worldwide market throughout the forecast interval.
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Global 3D printed jewelry market – Five forces
The international cloud information warehouse market is fragmented, and the five forces analysis covers–
Bargaining Power of Buyers
The menace of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter’s five fashions helps to strategize the enterprise, for whole particulars – buy the report!
Global 3D printed jewelry market – Customer panorama
The report contains the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption charges in numerous areas primarily based on penetration. Furthermore, the report additionally contains key buy standards and drivers of value sensitivity to assist corporations consider and develop their development methods.
Global 3D printed jewelry market – Segmentation evaluation
Technavio has segmented the market primarily based on Technology (SLA, SLS, DLP, FDM, and Others) and Type (Gold, Silver, Brass, and Others),
The SLA phase will develop at a major charge throughout the forecast interval. Stereolithography (SLA) know-how is extensively used to create fashions, prototypes, patterns, and components in varied industries, together with jewelry. The know-how entails changing liquid supplies into strong components, layer by layer, by selectively curing them utilizing a light-weight supply in a course of referred to as vat polymerization. SLA know-how is good for prototyping and casting jewelry with intricate particulars. It offers improved velocity and comfort whereas producing stronger and extra intricate jewelry. These elements will facilitate market development throughout the forecast interval.
By geography, the worldwide 3D printed jewelry market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report offers actionable insights and estimates the contribution of all areas to the expansion of the worldwide 3D printed jewelry market.
North America is estimated to account for 40% of the expansion of the worldwide market throughout the forecast interval. The development of the regional market is pushed by excessive technological advances and growing investments by governments and business individuals in additive manufacturing. Another cause for the market domination by North America is the rising demand for customized jewelry. Consumers within the area are exhibiting excessive demand for customized and distinctive design jewelry studded with lower and polished diamonds. Technological improvements in on-line retail channels together with the inclusion of AR applied sciences have additional boosted the expansion of the 3D-printed jewelry market in North America.
Global 3D printed jewelry market – Market dynamics
Key issue driving market development
The growing adoption of 3D printing throughout industries is notably driving the market development.
3D printing know-how is more and more being adopted throughout totally different industries, akin to healthcare, vehicle, protection, client merchandise, equipment, and aerospace.
Increased manufacturing velocity when put next with conventional manufacturing strategies is one of the key benefits of 3D printing know-how, which is driving its adoption.
The low value of manufacturing is one other issue driving the adoption of 3D printing know-how.
Leading traits influencing the market
The introduction of prolonged actuality within the jewelry market is an rising development within the market.
Players within the market are investing in applied sciences akin to AR and VR to offer enhanced buyer expertise.
Many e-commerce corporations which might be engaged within the promoting of jewelry are growing platforms primarily based on prolonged actuality applied sciences.
The platform permits prospects to nearly attempt the jewelry on-line with the assistance of the digital camera on their machine.
The characteristic additionally helps customers in deciding the right product primarily based on their necessities.
The extension of such options is permitting prospects to make knowledgeable selections when buying their jewelry on-line. This development is positively influencing the expansion of the market throughout the forecast interval.
Major challenges hindering market development
High client propensity towards substitutes is a main problem impeding market development. The demand for jewelry is repeatedly growing in Asian international locations the place shoppers view jewelry as an funding.
However, the adoption of 3D-printed jewelry is low in these international locations as a consequence of the shortage of consciousness concerning the availability of 3D-printed jewelry.
Moreover, many distributors don’t focus a lot on promoting these merchandise commercially when put next with conventional jewelry. Hence, many shoppers in growing areas are unaware of 3D-printed jewelry and its availability.
As a end result, potential patrons go for conventional jewelry, which is extensively obtainable. Furthermore, the absence of hallmarking on 3D-printed jewelry fails to garner belief amongst shoppers, which is hindering the expansion of the market.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the important thing information coated on this 3D printed jewelry market report?
CAGR of the market throughout the forecast interval
Detailed info on elements that can drive the expansion of the 3D printed jewelry market between 2023 and 2027
Precise estimation of the 3D printed jewelry market dimension and its contribution to the market in give attention to the father or mother market
Accurate predictions about upcoming traits and modifications in client habits
Growth of the 3D printed jewelry business throughout North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s aggressive panorama and detailed details about distributors
Comprehensive analysis of elements that can problem the expansion of 3D printed jewelry market distributors
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3D Printed Jewelry Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 22%
Market development 2023-2027
USD 3,711.23 million
YoY development 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 40%
Key international locations
US, Canada, China, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key corporations 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
Parent market analysis, Market development inducers and obstacles, Fast-growing and slow-growing phase analysis, COVID-19 affect and restoration analysis and future client dynamics, and Market situation analysis for the forecast interval.
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Table of Contents:
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
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