PUBLISHER: Grand View Research | PRODUCT CODE: 1474957
PUBLISHER: Grand View Research | PRODUCT CODE: 1474957
The global 3D printed jewelry market size is expected to reach USD 2,970.6 million by 2030, registering a CAGR of 19.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The adoption of this technology in the jewelry industry is on the rise for several reasons, leading to its emergence as a significant fashion trend. The technology's ability to disrupt traditional jewelry-making methods with innovative designs and personalized options is driving its popularity among consumers and manufacturers alike. One of the key factors driving market growth includes the increasing use of e-commerce platforms, where augmented reality (AR) technology enhances the online shopping experience.
This allows consumers to try on jewelry virtually, making informed purchasing decisions based on their preferences and choices. The merging of major market players through acquisitions and partnerships also contributes to the market's growth, as it facilitates the integration of 3D printing technology into traditional jewelry manufacturing processes. 3D printing introduced new possibilities in jewelry design and production. Traditional jewelry-making methods involve handcrafting and lost-wax casting, both of which are time-intensive and require significant technical expertise. The integration of digital workflows with 3D printing reduces manual labor, preserves and easily modifies designs, and allows for the creation of intricate patterns that would be difficult with traditional methods.
This technology enables jewelers to offer personalized jewelry at a lower cost, fostering a new era of customized jewelry as a standard service. For instance, in August 2022, Christian Tse of Formula 3D, in partnership with Desktop Metal, introduced the use of 925 sterling silver for the 3D printing of fine jewelry. This collaboration allows for high-quality jewelry, watches, and decorative hardware to be directly 3D printed, offering increased efficiency and design flexibility for manufacturers. This innovation marks a significant milestone for the jewelry industry, providing a comprehensive solution for 3D printing of precious metals.