A New Horizon for the Fashion Industry - 3D Printed Wearables
Rapid advances in 3D printing technology have been significantly disrupting the fashion industry. The recent accessibility of 3D printers to artists and designers, has led to an increase in the adoption of this technology. This has opened up new avenues for the fashion industry, while providing manufacturers and consumers with a tech-based alternative. With adoption of 3D printing, coming from both high-end and low-end fashion, the right design solutions are the focus of research in the wearable industry.
Developments in material science are set to fuel an assimilation of electronics in wearables as well. With an increase in the number of designers and manufacturers choosing 3D printing for its physical customization potential, the 3D printed wearable electronics have already entered the market. The penetration of 3D printing technology in the wearable industry has been expedited by designers seeking solutions to textile finishing in fashion. 3D printing technology is facilitating production of wearables without the limitations of traditional methods, changing the way consumers interact with the world around them, thereby creating a new narrative of the industry.
3D Printed Wearable Market - Key Research Findings
- The global 3D printed wearable market size in 2018 was ~US$ 3 Bn.
- The 3D printed wearable market is expected to grow at a CAGR of ~8% during the forecast period of 2019-2029.
- Expanding creativity in fashion designs has been recently driving the sales of 3D printed wearables.
- Collectively, Europe and North America are likely to account for half of the revenue shares in the 3D printed wearable industry by the end of 2029.
- North America, owing to the strong presence 3D printed manufacturers, is expected to continue to be a prominent regional market for 3D printed wearables.
- The women segment is expected to remain a prominent consumer orientation area to invest in for 3D printed wearable market players.
- The fashion industry has witnessed significant growth over the recent past, and the revival of apparel and accessories has been particularly noteworthy.
- Noteworthy application potential of 3D printed wearables has been identified in the unisex category.
Key Factors Shaping the 3D Printed Wearable Market
3D Printing – a Zero-Waste Technology
The process of 3D printing technology involves the manufacturing of products layer-by-layer. The required product is designed with the help of CAD software with complete detailing. The design is precisely followed by the printer to produce the product without any extra material. Moreover, the finishing of products, if required, is done by sand polish or paint. Thus, there is hardly any waste produced in 3D printing technology, thus enhancing optimum resource utilisation.
An Edge over Other Manufacturing Processes
While the functional attributes of 3D printed wearables continue to position them above the other manufacturing practices that are available in the market, the former is likely continue to gain preference from end-use industries over the latter. The low-cost production and less time consumption to manufacture products are among factors anticipated to uphold the applicability of 3D printed wearables in various end-use industries, which include fashion, apparel, and the sports industry, thereby supplementing the revenues of the 3D printed wearable market.
Increasing Frequency of Innovative Launches
Increasing emphasis of manufacturers on introducing innovative 3D printed wearable products is projected significantly boost the growth of the market. High demand for the rapid production of products with cost savings has been directing the focus of manufacturers on the R&D of designing with excellent technical characteristics. Since newly developed 3D printed wearables are expected to overcome the shortcomings of the conventional products, the sales of 3D printed wearables is expected to increase in the near future.
3D Printed Wearable Market Structure Analysis
- The global 3D printed wearable market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, thus targeting a firmer global footprint.
- The 3D printed wearable market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
- Leading manufacturers of 3D printed wearables are currently prioritising R&D and new product launches to resonate with the booming consumption of eco-friendly products in North America and Europe.
- Portfolio extension has been identified as one of the key developmental strategies adopted by the manufacturers of 3D printed wearables.
- For a stronger foothold in target markets, manufacturers of 3D printed wearables will continue to rely on inorganic strategies such as mergers and acquisitions.
- Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are likely to create a bottleneck for prominent players who are looking forward to capitalise on the untapped opportunities in the 3D printed wearable market.
Personalization - A Key Trend
The uptake of 3D printing technology by companies is gradually becoming a pervasive trend. One of the drivers of 3D printed technology is the preference for customers to use uniquely designed products for the individual size and requirements. The onus of the wearables manufacturers for creating innovative and brilliant designs and pushing the limits of personalization has further been creating lucrative avenues for the 3D printing technology providers worldwide. While simultaneously driving and keeping up with the personalization trend, aesthetic customization has been a significant force in driving shoe manufacturers to adopt 3D printing technology. The ability of the 3D printing technology to create with new designs, quick prototyping and novel methods of manufacturing, has been attracting the interest of stakeholders in the 3D printed wearables landscape to invest in this viable and profitable solution. The trend of personalization has led several 3D printed wearables manufacturers to make R&D investments dedicated toward making customized mass-marketed products a reality. 3D printing has come a long way, allowing manufacturers to personalize according to the needs of each individual, and the future depends on the customization as the core of research and development.
Developed Markets Continue to Present Lucrative Opportunities
The 3D printed wearables have witnessed relatively greater sales in developed markets, as these have gained the first-mover advantage in most of the technology disruptions till date. North America and Europe collectively account for three-fourth share of the 3D printed wearables market. There has been a notable rise in the number of manufacturers responding to confinements in supply chain and production by leveraging the 3D printing technology in these regions. Although developing markets such as East Asia and South Asia currently present low revenue share, lucrative opportunities abound for the 3D printed wearables manufacturers in these regions in the foreseeable future.
The Broader Perspective
Additive manufacturing has skyrocketed in popularity and visibility in the manufacturing and commercial sectors with long term impact on production processes and techniques. It is far from the niche technology meant only for prototypes, they are now being used for cutting edge products across platforms and industries. The additive manufacturing industry is at a point where innovations are attracting a larger consumer pool, and companies are eyeing investment in 3D technology to gain a competitive edge. While 3D printing is being leveraged in fashion, research is also being geared towards biomedical wearable devices. 3D printing has had a transformative influence on how goods are being ideated and manufactured. Established organizations have now begun focusing on 3D printing as a way of improving resource efficacy and increasing the lifecycle of the product, with opportunities created for improved sustainability. 3D printing stands out as a manufacturing technology with great potential for changing the way production is handled. The greater benefits, as compared to traditional manufacturing methods, are likely to lead industry players in adopting the technology in a bid to realize faster prototyping, reduced costs and customization process.
Footwear has been the fastest growing category in the industry
Jewelry to see significant rise in demand in the near future
Premium 3D printed wearables will remain preferred among consumers
Demand for mass-produced 3D printed wearables will be comparatively lower
Women remain the larger consumer base
Sales in the men category to surge significantly
Online sales account for two-third market shares
Gains from offline sales will remain slow
How Growth will Unfold
The potential of 3D printing technology and its impact on wearables manufacturing has already caught the interest of investors, with more engineers becoming familiar with the process and gaining access to new equipment. Although it is highly unlikely that 3D printing will replace entirely the current, high-volume manufacturing process, its broadening range of capabilities for small-scale design and production are being increasingly sought after by the wearables industry. The 3D printed wearable market is expected to witness significant growth as a direct result of the innovations and technology in the sector. The possibilities when it comes to 3D printed wearables are endless as research focusses on flexible materials and on sensors being pliable and bendy - stretchable electronics could have potentially limitless applications. Even with several challenges that have hampered the development of this, a steady stream of startups is making inroads into this fast expanding landscape, and global leading wearable manufacturers are validating the space and dedicating their efforts to innovate faster for remaining ahead of the curve.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
3D Printed Wearable Market Analysis 2019-2029
A recent market study published by FMI on the 3D printed wearable market includes a global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the 3D printed wearable market, the growth prospects of the market are obtained with maximum precision.
3d Printed Wearables Market Taxonomy
The global 3D printed wearable market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Product Type
- Clothes
- Jacket
- Party Wear
- Others
- Watches
- Footwear
- Shoes
- In-soles
- Jewelry
- Sports Accessories
- Miscellaneous Products
By Price
- Premium
- Mass
By Consumer Orientation
- Men
- Women
- Children
- Unisex
By Sales Channel
- Online
- Direct to Consumer Sales
- Third Party Sales
- Offline
- Specialty Stores
- Mono-brand Stores
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
What's Included
The report starts with the executive summary of the 3D printed wearable market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the 3D printed wearable market.
Readers can find the definition and a detailed taxonomy of the 3D printed wearable market in this chapter, which will help them understand the basic information about the 3D printed wearable market. Along with this, comprehensive information pertaining to 3D printed wearables and their properties are provided in this section. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the 3D printed wearable market report.
The 3D printed wearable market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the 3D printed wearable market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical 3D printed wearable market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029). Along with this, pricing analysis of the 3D printed wearable market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the 3D printed wearable market between the forecast periods of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the 3D printed wearable market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast factors, 3D printing outlook, and wearable products outlook for the 3D printed wearable market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on the product type, the 3D printed wearable market is segmented into clothes, watches, footwear, jewelry, sports accessories, and miscellaneous products. In this chapter, readers can find information about the key trends and developments in the 3D printed wearable market and market attractiveness analysis based on the product type.
This chapter provides details about the 3D printed wearable market based on the price, and has been classified into premium and mass. In this chapter, readers can understand the market attractive analysis based on the price.
Based on the consumer orientation, the 3D printed wearable market is segmented into men, women, children, and unisex. In this chapter, readers can find information about the key trends and developments in the 3D printed wearable market and market attractiveness analysis based on the consumer orientation.
This chapter provides details about the 3D printed wearable market based on the sales channel, and has been classified into online and offline sales. Online sales is further classified into direct to consumer sales and third-party sales. Offline sales include specialty stores and mono-brand stores. In this chapter, readers can understand the market attractive analysis based on the sales channel.
This chapter explains how the 3D printed wearable market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America 3D printed wearable market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the product type and countries in North America.
This chapter provides the growth scenario of the 3D printed wearable market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, the assessment of the market across target segments has been provided.
Important growth prospects of the 3D printed wearable market based on its end users in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe, are included in this chapter.
In this chapter, India, Thailand, Singapore, and others are the prominent countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia 3D printed wearable market. Readers can find detailed information about the growth parameters of the South Asia 3D printed wearable market during the forecast period of 2019-2029.
This chapter highlights the growth of the 3D printed wearable market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the 3D printed wearable market in East Asia.
This chapter highlights the growth of the 3D printed wearable market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the 3D printed wearable market in Oceania.
This chapter provides information about how the 3D printed wearable market will grow in major countries in the MEA region such as Northern Africa, GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights the growth prospects of the 3D printed wearable market for emerging markets such as China, India, and Brazil.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the 3D printed wearable market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the 3D printed wearable market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are New Balance, Under Armour, Adidas America Inc., and 3D Systems, Inc., among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the 3D printed wearable market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the 3D printed wearable market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- 3D Print
- All3DP
- Industry Associations
- The 3D Printing Association
- Association of 3D Printing
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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