17-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “3D Printed Jewelry Market By Jewelry Type (Gold, Silver, Brass, Bronze, and Others), By Technology (Stereolithography (SLA), Fused depositing modeling (FDM), Selective laser sintering (SLS), Digital light processing (DLP), and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global 3D Printed Jewelry Market in 2019 was approximately USD 5,650 million. The market is expected to grow at a CAGR of 13% and is anticipated to reach around USD 5,650 million by 2026.
The 3D Printed Jewellery Market Is Powered by Growing Use of 3D Printing by Jewelers for Creating Jewelries with High-Quality Surface and Jewelries with Intricate Geometries
3D printing, also referred to as additive manufacturing, is a type of manufacturing process in which material or powder is deposited and solidified to create a three-dimensional product. The 3D printer uses a Computer-aided design (CAD) software for creating a 3D model. In 3D printing, the material is added together layer by layer. A key advantage of 3D printing is it can be used for producing complex geometries, which are difficult for producing using hand. This method can also be used for producing hollow parts as well as parts with internal truss structures. Some of the common types of 3D printing are Stereolithography (SLA), Digital Light Process (DLP), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), etc. Presently, 3D printing process is used in various industry verticals such as medical and healthcare, manufacturing, aerospace and defense, automotive, etc. For manufacturing a model using 3D printing, a 3D model is created using CAD software or cameras. Once the 3D model is created, a 3D printer is used for the construction of a three-dimensional model.
Browse the full “3D Printed Jewelry Market By Jewelry Type (Gold, Silver, Brass, Bronze, and Others), By Technology (Stereolithography (SLA), Fused depositing modeling (FDM), Selective laser sintering (SLS), Digital light processing (DLP), and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/3d-printed-jewelry-market
Jewelries are created using a lost-wax casting process or handcrafting, these processes need a high level of technical expertise and are time-consuming. Using a 3D printer, jewelers can reduce the need for a time-intensive labor process. Jewelers can also use the 3D printing process for creating a complex design of jewelry and produce products that are hard to design using traditional methods. 3D printing is used for creating investment casting, which can be used for creating jewellery directly. Manufacturers use CAD and 3D printers for printing molds and patterns for jewellery. Further, precise 3D printing technology also ensures desired sharpness is achieved. This technology helps them with jewelry with unusual design details such as delicate filigrees, engravings, etc. Moreover, 3D printers also help jewelers to customize products and create designs that are easy mass-produce. 3D printing has been beneficial for manufacturers as this process can be used for testing various designs, patterns, and colors. This technology also helps in creating multiple designs and patterns in a single print, which is economic and time saving.
The 3D printed jewellery market globally was projected at approximately USD 5,650 million in 2019, and by the end of 2026, existing and expected developments would hit estimations, of around USD 5,650 million. Industry experts and analysts estimate that the global 3D printed jewellery industry growth in terms of compounded annual growth rate (CAGR) of around 13%. Rapid growth of the 3D printing industry and its use in variety of applications has driven the adoption of 3D printing for producing patterns and moulds, which, in turn, has boosted the market growth.
Some of the leading and top companies in the 3D printed jewellery market are Mizaroh, Precious Upload & Print, GUY & MAX, Nervous System, RADIAN, Diana Law, Isharya, American Pearl, Anna, Pipa + Belle, Melorra, among others.
The global 3D printing market is has seen rapid growth in recent years owing to various advantages of 3D printing or additive manufacturing such as cost-efficient production, precise resolution, and ease of designing and prototyping. These advantages have proliferated the adoption of 3D printing by manufacturers. The global 3D printing market was valued at nearly US 14.5 billion dollars in 2019 and is anticipated to reach to a market size of US 21 billion dollars by the end of 2021. Further, the 3D printing spending has also increased in recent years, from USD 7.1 billion in 2017 to USD 12.1 billion in 2019. Due to rapid development and adoption of 3D printing technologies, the 3D printing spending worldwide is estimated to reach to an amount of USD 34.9 billion by the end of 2024. Such rapid growth in the global 3D printing market has been a key factor in driving the 3D printed jewellery market. Jewelers are using 3D printing technologies for prototyping and designing as it facilitates high surface quality and allows jewelers to manufacture hollow and complex products. Additionally, the growing demand for jewelry market has also played a vital role in the development of 3D printed jewellery market. The global jewelry market is estimated to reach to a market value of around USD 480 billion by the end of 2025, from a market size of approximately USD 278 billion in 2018. Due to growing demand for jewelry, jewelers are focusing on adopting new manufacturing processes that are low cost and are not time intensive. Such trend has boosted the 3D printed jewellery market.
Based on geography, the North America region held the largest share in the global 3D printed jewellery market in 2019. The presence of key vendors that offer 3D printers for jewelers has been vital for the development of the North America 3D printed jewellery market. Further, decreasing the cost of 3D printers in the region has influenced jewelers to adopt additive manufacturing technologies, which has driven the 3D printed jewellery market. Further, Asia Pacific is expected to record the highest CAGR over the period 2020-2026.
The taxonomy of the 3D printed jewelry market by its scope and segmentation is as follows:
Global 3D Printed Jewelry Market: Jewelry Type Analysis
Global 3D Printed Jewelry Market: Application Analysis
Global 3D Printed Jewelry Market: Regional Segmentation Analysis
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