New York, NY, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “3D Printed Wearable Market By Type (Clothes, Watches, Footwear, Jewelry, Others), By Consumer (Men, Women, Children), By Sales Channel (Online, Offline): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
According to the research study, the global 3D Printed Wearable Market was estimated at USD 2.2 billion in 2019 and is expected to reach USD 5.3 billion by 2026. The global 3D Printed Wearable Market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027.
The Global 3D Printed Wearables Market Is Powered By Expanding Creativity In Fashion Designs Has Been Recently Driving The Sales Of 3D Printed Wearables.
3D printing which is also called additive manufacturing converts the objects into real-life objects by the use of a technique called layering. It creates spare parts as well as finished products. Materials that are being used for 3D printing includes metal alloys, metals, thermoplastics, ceramics. The 3D printed wearable product includes all the wearables like textiles, fitness trackers, sports equipment, smartwatches among others. In today’s era, 3D printing has gained huge attention from big giants of sports such as Nike, Under Armour, Adidas, etc. the very first 3D printed shoes came into the market during the year 2016 which further brought the 3D wearable market in the mainstream. 3D printing has numerous benefits due to which it is chosen the most by the manufacturers over traditional one and some of them include low manufacturing costs, rapid prototyping, material performance, simpler process, and physical customization.
Browse through 33 Tables & 74 Figures spread over 180+ Pages and in-depth TOC on “Global 2020 3D Printed Wearable Market Size & Share Research Report and Forecast to 2026”.
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The huge growth of 3D printing technologies and thereby its impact on the wearable sector are creating an interest for investors to invest in this sector. The functional attributes of 3D printed wearable technologies to keep them above other practices of manufacturing are already available in the market and is expected to gain preference from the industry verticals. The factors such as less time consumption and low production costs will attract the major end-use industries in the 3D printing wearable sector such as apparel, fashion, sports sectors which will enhance the revenue of this sector.
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Top Market Players
Some of the leading and top companies in the 3D printed wearables market contain Nike, Printbot, Adidas, MakerArm, Under Armour, MakerBot, New Balance, Danit Peleg, Shapeways, Inc., 3D Systems Inc. among others.
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There are various reasons that are driving the growth of the 3D printed wearables market which includes the choice of customers these days to get some uniquely designed products and 3D printing does this by making companies to produce such devices that perfectly fit individual requirements. This helps in making the manufacturing process easy and the product becomes more appealing to customers. Another huge factor can be the increase in focus on health by the customers and also by the companies. For instance, 3D printing can be used to create a shoe sole which will help in diabetic’s sensory perception by the sports manufacturers. This will help them to walk comfortably and this shoe sole will also be custom designed for the individual patients. Moreover, 3D printing helps the manufacturers to save their transportation costs and also can reduce their carbon footprint. The 3D printing wearable sector is still a niche sector and will grow at a faster pace in the coming years due to these factors involved in the market.
The global 3D printed wearable market share is experiencing significant growth that is expected to continue over the upcoming years. There are various reasons that are driving the growth of the 3D printed wearable market which includes the choice of customers these days to get some uniquely designed products and 3D printing does this by making companies produce such devices that perfectly fit individual requirements. This helps in making the manufacturing process easy and the product becomes more appealing to customers.
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The 3D printed wearable market research report delivers an acute valuation and taxonomy of the 3D printed wearable industry by practically splitting the market on the basis of different types, consumers, sales channels, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the 3D printed wearable industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the 3D printed wearable industry is provided for the leading economies of the world.
The 3D printed wearable market is segmented based on type, consumer, sales channel, and region. On the basis of type segmentation, the market is classified into clothes, watches, footwear, jewelry, others. In terms of consumer segmentation, the market is bifurcated into men, women, and children. In terms of the sales channels, the market is classified into online, offline.
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The market for 3D printed wearables is segmented based on type, consumers, sales channel, and region. Based on type segmentation, the market is bifurcated into clothes, watches, footwear. Jewelry, and others. Based on consumers the market is segmented into men, women, and children. Further, based on the sales channel the market is bifurcated as online, and offline channel.
In terms of geography, the U.S. Will hold the major share owing to the fact that high disposable income, high mobile device usage, advanced economy, and higher adoption of newer technologies in the region. Also, a rise in air pollution and the focus on environmental sustainability in India, as well as China region, can drive the market for Asian 3D printed wearable technology in the region.
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The taxonomy of the 3D printed wearable market its scope and segmentation is as follows:
Global 3D Printed Wearable Market: Type Analysis
- Clothes
- Watches
- Footwear
- Jewelry
- Others
Global 3D Printed Wearable Market: Consumer Analysis
- Men
- Women
- Children
Global 3D Printed Wearable Market: Sales Channel Analysis
- Online
- Offline
- Others
Key Insights from Primary Research
- As per our primary respondents, the global 3D printed wearable market is set to grow annually at a rate of around 7.9%, and the revenue was valued at around USD 2.2 Billion in 2019.
- The U.S. held the largest market share in 2019 due to high disposable income, high mobile device usage, advanced economy, and higher adoption of newer technologies in the region.
- On basis of the “Sales Channel” segment, an online segment dominated the global 3D printed wearable market owing to the growing preference for digital adoption among consumers.
- The presence of well-established players has intensified the industry rivalry, due to which the degree of competition is considerably higher.
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