SmarTech Announces 3D Printed Jewelry Market Report Showing $11 Billion Opportunity by 2020
Industry: Market Research
3D Printing in Jewelry Markets is set for Rapid Evolution, Creating over $11 Billion in Consumer Jewelry and Fashion Revenues by 2020
Charlottesville, Virginia (PRUnderground) June 2nd, 2015
Jewelry is the primary industry studied in its recent 3D printing report titled “Opportunities for 3D Printing in Precious Metals,” SmarTech Markets Publishing has modeled the value of rings, necklaces, timepiece components, and other common consumer fashion items made via direct and indirect methods of 3D printing to reach $11 billion by 2020.
For more information on the report see: http://smartechpublishing.com/reports/opportunities-for-3d-printing-precious-metals-jewelry-and-other-application
About the report:
This report covers 3D printing activity within the jewelry industry from two angles –the “traditional” use of 3D printing for lost wax casting models, as well as the emerging potential for directly fabricated jewelry using powder bed fusion.
Ten-year forecasts are backed by extensive 100-plus page written analysis, and include information on materials consumed by material group and type, printers sold and installed by print technology group, as well as parts printed by specific application.
Jewelry players analyzed include: 3D Systems, Argen, Asiga, Autodesk, Concept Laser, DWS, EnvisionTEC, EOS, Hilderbrand, Legor, Progold, Realizer, Shapeways, Sculpteo, and Solidscape.
From the report:
The use of 3D printing technology by the jewelry industry represents the most significant near term application for printing directly with precious metal powders, but polymer based print technologies have been assisting indirectly in the traditional casting process for jewelry for decades.
The 3D printed jewelry industry is one of the oldest markets for 3D printing technologies, but is today facing disruption on multiple fronts, making it one of the most potentially exciting areas of 3D printing.
Disruption currently facing 3D printing jewelry markets includes introduction of systems for direct printing of jewelry and fashion items like timepiece components from precious metal powders. Additional disruption is occurring from increasingly capable low-cost photopolymerization printers which are enabling entrepreneurial growth in small-scale jewelry shops.
Combined with the growing number of digital platforms to sell customized 3D printed jewelry directly to consumers, growth in 3D printing jewelry is set for a rapid pace in the future.
Polymer 3D printer hardware used in jewelry production is currently valued at $80 million, but will double by 2019 to $160 million in revenues largely through high unit sales of lower cost systems.
Alternatively, smaller metal powder bed fusion systems that are capable of processing precious metal powders are expected to grow to $52 million in revenues annually by 2019 largely as a result of demand for directly printed jewelry products.
Polymer systems are projected to be involved in the creation of 60 million pieces of jewelry and related consumer fashion items worldwide today, while direct metal systems are projected to be printing nearly 300,000 individual pieces. The resulting revenue from final jewelry and products is over $2.6 billion today.
About SmarTech Markets Publishing
SmarTech Markets Publishing is the leading provider of market research and industry analysis in the 3D printing/additive manufacturing sector. SmarTech has published reports on the important revenue opportunities in the 3DP sector and has a client roster including the largest 3D printer firms, materials firms and investors in the world.