Global 3D Printed Jewelry Market: An Overview
The global 3D printed jewelry market report is an-depth analysis of upcoming trends, drivers, and economic forecast. 3D printed jewellery has quickly become the go-to option for consumers, thanks to myriad of customization options and personalised sense of ownership. The key players in the 3D printed jewellery market are 3D Systems, Argen, Autodesk, DWS, and Asiga. For players established in the fashion industry, the future period is expected to be challenging and promising for various reasons. The digital shift in the virtual space, and their ability to remain nimble is expected to remain key to growth in the 3D printed jewelry market. Despite the large size of various fashion-houses, the digital shift is expected to give edge to various new players and create a robust and competitive landscape in the near future.
Global 3D Printed Jewelry Market: Notable Developments
The brick and mortar store are experiencing an immense decline in the industry. The jwelery business has not remained immune to the development. For example, in the last 5 years, over 70 plus stores of Sierra-West Jewelers were closed in Salt Lake City. The company also reported that they witnessed a 20% uptake in the area in online sales. The new start-ups in the business are increasingly moving towards online business wherein customised, personalised jewellery and other options are offered to customers.
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A recently held fashion expo in Israel showcased jewels from 45 different artists. These artists included individuals of various faiths and came together to celebrate art with the help of 3D printing. They recreated various old-artefacts and jeweleries for the exhibition in a bid to attempt the next-to-impossible of recreating the past. Moreover, the event was also a celebration of various antiques that were key to understanding history and culture in museums. Such events and new possibilities in 3D printing are expected to drive lucrative growth for players in the 3D printed jewelry market.
Global 3D Printed Jewelry Market: Drivers and Restraints
The global 3D printed jewelry market is expected to witness major growth in gold jewelry sales. The jewelry is always popular, thanks to its attractive designs, and long-term value for savings. The recent decline in prices of gold in the global market is expected to drive significant growth for the market as 3D printing makes customizing a traditional jewellery a lucrative proposition. Additionally, the rising demand for shiny jewels which is casual and cost-effective is also expected to drive significant growth for the global 3D printed jewelry market. The lack of skilled labor continues to be a challenge in the jewelry business. Increasing training programs, and automation are expected to drive significant growth for the global 3D printed jewelry market.
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Global 3D Printed Jewelry Market: Geographical Analysis
The global 3D printed jewelry market report covers all major regions of the globe including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the global 3D printed jewelry market is expected to witness robust growth in North America region. The rising influx of e-commerce, increasing demand for online sales, and increased investment in technologies like 3D printing across the board are expected to drive significant growth. Moreover, the global 3D printed jewelry market is also expected to register significant growth in Asia Pacific region. The 3D printed market in the region is witnessing a major boom as large population, growing disposable income, and traditional demand for gold jeweleries are expected to emerge as main drivers. The global 3D printed market is also expected to make significant headways in Europe as online becomes the go-to option for consumers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.