3D Printed Jewelry Market: Technological Advancements Expected To Boost Revenue Growth 2021-2031
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.
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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.
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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:
- EnvisionTEC
- 3D Systems
- Argen
- Asiga
- Autodesk
- Concept Laser
- DWS
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