Global 3D Printed Wearables Market: Overview
3D printing technology has contributed considerably toward creation of 3D printed consumer wearables, from in-ear hearing aids to customized insoles. Fashion industry has taken up the technology for making attractive and innovative designs that would catch one’s fascination. The global 3D printed wearables market is likely to ride high during the period of forecast, from 2019 to 2027. The 3D printed wearables industry is likely to be fuelled by the growing focus of the manufactures on partnerships with providers of technology to do away with the obstructions of design innovations.
In a bid to offer a detailed analysis of the global 3D printed wearables market, the market has used the parameters of product type, price, consumer orientation, sales channel, and region for segmentations.
Looking for Regional Analysis or Competitive Landscape in 3D Printed Wearables Market, Ask for a Customized Report
Global 3D Printed Wearables Market: Notable Developments
The following developments have indicated at the changing dynamics of the global 3D printed wearables market over the last few years:
- In September 2019, Portland-based emerging design studio, Ica & Kostika, introduced 3D printed footwear collection. This latest collection by the company manifests a unique fusion of technology and innovation in the fashion industry. Increased adoption of this technology by the fashion world furthers the expansion of the 3D printed wearables market.
- German sportswear maker, Adidas AG, released its latest version of its 3D printed footwear, Alphaedge 4D. This latest innovation was created in collaboration with Carbon, California –based manufacturer of 3D printer. The later utilized its Digital Light Synthesis process and CLIP technology to create this newer version of Alphaedge 4D.
Some of the leading market vendors of the global 3D printed wearables market are as mentioned below:
- Under Armour Inc.
- Nike Inc.
- MakerBot Industries LLC
- Danit Peleg
- 3D Systems Inc.
- Shapeways, Inc.
To Gauge the Scope of Customization in Our Reports, Ask for a Brochure
Global 3D Printed Wearables Market: Key Trends
The following drivers and trends are expected to define the global 3D printed wearables market during the assessment timeframe.
Increased Adoption of 3D Printing Technology by the Fashion Industry Fuels Market Growth
The global 3D printed wearables market is likely to derive momentum from its growing adoption by the fashion industry. Eminent fashion designers such as Iris van Herpen are integrating technology into fashionable wearables for creating surreal futuristic designs.
The global 3D printed wearables market comprises a wide range of wearables such as fitness trackers, smart watches, textiles, and sports equipment. 3D printing technology successfully garnered the attention of leading manufacturers of sports equipment such as Under Armour, Adidas, and Nike. It was in the year 2016 the first 3D printed shoe hit the market achieving a rare feat blending 3D printing and footwear technology. Makers of shoes opt for 3D printing over traditional process owing to improved aesthetic appeal, material performance, simpler process, and reduced cost of manufacturing.
There is ample scope for product customization as per the choice of the customer, which is likely to encourage the rapid expansion of the global 3D printed wearables market during the assessment period. 3D printing technology enables manufacturers to design their own gadget exactly as per the requirement of the customers. Such level of personal customization is offering manufacturers to make products with ease and offer better and more attractive products to the customers.
In addition to that, consumer technology firms are shifting their focus on the utilization of this technology for offering health benefits. A case in point is production of shoe soles by sports equipment manufacturers that will better the sensory perception of diabetic patients. These shoe soles can be designed as per the requirements of each of the patients and it enables diabetic patients walk with more comfort. However, the global 3D printed wearables market is still a very niche market and it is likely to expand rapidly in the years to come.
Global 3D Printed Wearables Market: Geographical Analysis
Latin America, Asia-Pacific, Middle East and Africa, Europe, and North America comprise the major regions for analysis of the global 3D printed wearables market.
From the regional viewpoint, North America driven by the U.S. is likely to spearhead the growth of the global 3D printed wearables market during the assessment period. The U.S is estimated to emerge as the leading region for wearable technology on account very high disposable income, which leaves them with spare money to spend on premium and latest technologically advanced gadgets like smart watches that measures hear beat, weight loss.
Asia Pacific is also anticipated to make rapid strides along the growth trajectory of the market. The reasons for regional growth of the market include rise in disposable income with propensity to spend on premium products, growing presence of several technological giants in the region and escalated research and development activities.
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.