3D Printed Jewelry Market: Introduction
With digital workflow, jewelers use CAD software tools to create designs digitally and a high-resolution 3D printer to produce 3D printed patterns that can then be cast in the mold. Because of digital techniques, the need for time-intensive manual labor is reduced and the design itself is easy to preserve, modify, and recreate when needed. Jewelers have already started offering personalized creations with digital tools, as part of their basic service or as a value add. In jewelry retail, on-site digital design combined with the speed of 3D printing has greatly shortened the feedback loop between designer and customer.
Key Drivers of the 3D Printed Jewelry Market
The global 3D printed jewelry market is expected to witness major growth in gold jewelry sales. Jewelry is always popular, thanks to its attractive designs, and long-term value for savings. Additionally, the rising demand for shiny jewels which are casual and cost-effective is also expected to drive significant growth for the global 3D printed jewelry market. However, the lack of skilled labor continues to be a challenge in the jewelry business. Increasing training programs and automation are expected to drive substantial growth in the global 3D printed jewelry market.
Lost-wax Casting Creating Opportunities in the 3D Printed Jewelry Market
Lately, lost-wax casting and printing are used for creating jewelry in gold, silver, bronze, copper, and brass, as this technology builds upon modern 3D printing technology as well as traditional metal casting.
It all starts with 3D printing the 3D model in wax. The 3D printer uses a wax-like resin as printing material. Next, one or more wax sprues are attached to the model. Then the model is attached by the sprue to a wax ‘tree’, together with several other models. The tree is then placed in a flask and covered in a fine plaster. When the plaster solidifies, it forms the mold for casting the metal. The plaster mold is then put in an oven and heated for several hours to the point where the wax is completely burned out. Such advancement of technologies help in creating more opportunities for 3D printed jewelry in the market.
High production cost a restraint for the 3D Printed Jewelry Market
Cost of buying and setting up a 3D printer is very high. Increased expense of setting up a 3D printer is foreseen to limit the development of the 3D printed jewelry market in the future. Further, increased complexity and changes in material cost are also likely to hamper the growth of the 3D printed jewelry market.
Asia Pacific the dominant market
China and India are the largest markets for 3D printed jewelry. The 3D printed market in the region is witnessing a major boom due to large population, growing disposable income, and traditional demand for gold jewelry, all of which are expected to emerge as main drivers of the market.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the 3D printed jewelry market are:
- 3D Systems
- Concept Laser
3D Printed Jewelry Market: Research Scope
3D Printed Jewelry Market, by Type
3D Printed Jewelry Market, by Technology
- Stereolithography (SLA)
- Fused Depositing Modelling (FDM)
- Selective Laser Sintering (SLS)
- Digital Light Processing (DLP)
3D Printed Jewelry Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the 3D printed jewelry market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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.