Additive manufacturing i.e. 3D printing, turns digital models into real life objects by using a technique called layering. It was used for creating rapid prototypes in the 1980Õs but has gradually evolved into a next-generation technology to manufacture both spare parts and even finished products. A wide range of materials can be used in 3D printing like metals, thermoplastics, metal alloys, or ceramics. Right now it is still in its infancy stage but with synthetic biology and nanotechnology, it can transform a great many industries. One area ripe for such change is wearable technology. The 3D printed wearable market includes every kind of wearable like textiles, sports equipment, smart watches, fitness trackers etc. In the 21stÊcentury, 3D printing has received significant attention from sports equipment giants like Nike, Adidas and Under Armour. The first 3D printed shoe became available in 2016 which really brought the 3D printed wearable market into mainstream consciousness. 3D printing is chosen by manufacturers over traditional manufacturing for several reasons Ð material performance, low manufacturing cost and simpler process, rapid prototyping, ample aesthetic and physical customization.
Scope of the Report:This report studies the 3D Printed Wearables market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the 3D Printed Wearables market by product type and applications/end industries.
One of the main drivers for the 3D printed wearables market is a preference of customers to get uniquely designed products. 3D printing allows companies to design a device to perfectly fit an individualÕs size or requirements. This would make manufacturing easy along with making the product more appealing to the customer. Another driver can be the focus on health by both consumer technology companies and the general public. For example, 3D printing can be used by sports manufacturers to create shoe soles which enhance a diabeticÕs sensory perception. This could enable them to walk more comfortably and they would also be custom designed for each patient. Currently, there is a greater pressure put on manufacturers by both customers as well as the government to be environmentally and socially conscious. 3D printing enables them to save on transportation cost and also dramatically reduces their carbon footprint. While the 3D printed wearables market is still a niche market, it is expected to play an ever-increasing role in the years to come.
The U.S is the largest market for wearable technology and is therefore also the largest 3D printed wearable market. This is on account of an advanced economy, high disposable income, strong network infrastructure encouraging mobile device usage, and eagerness to adopt the latest and greatest technology. Within the EU, the key markets are the U.K and Germany. Rising air pollution and a greater focus on environmental sustainability in China and India can be anticipated to drive the Asian 3D printed wearable market in the medium term. China is expected to be a larger wearables market than both the U.S and E.U within this decade on account of their large middle class and increasing prosperity.
The global 3D Printed Wearables market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of 3D Printed Wearables.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Nike
Adidas
Under Armour
New Balance
MakerBot
MakerArm
Printbot
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Textiles
Sports Equipment
Smart Watches
Fitness Trackers
Market Segment by Applications, can be divided into Online Retail
Offline Retail
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
