3D printing or additive manufacturing has found applications in a wide range of industries such as automotive, healthcare, defense, aerospace, and consumer products. The jewelry industry is another industry that has leveraged 3D printing for creating patterns for investment casting and printing jewelry. In fact, the jewelry industry is one of the first industries to use 3D printing in the ‘investment casting’ procedure.
The main advantages offered by the 3D printing technology are increased manufacturing speed than the traditional manufacturing methods, improvement in design efficiency, and a reduction in manufacturing errors, time, and cost. All such advantages are going to promote the adoption of 3D printing across different industries including the jewelry industry.
3D printing also offers ease in the development of customized products and a reduction in manufacturing cost and process downtime. Further, the development of new, advanced industrial grade 3D printing materials will also increase the adoption of 3D printing in the jewelry market. Since 3D printing reduces the cost of manufacturing, it facilitates the cost-effective, single-run production of custom jewelry.
Jewelry manufacturers print 3D molds and jewelry designs by using computer aided designing (CAD). These are then cast in precious metals. 3D printing in the jewelry industry is used for both prototyping and tooling.3D printers with the rapid prototyping technology are being increasingly used, as theyallow designers to review design concepts and assess the requirements and complexity of the design.
One of the most important trends observed in the jewelry market is the introduction of AR, and it is going to impact the global 3D printing in jewelry market. With the help of AR, consumers can try jewelry virtually before making any purchase decision. Thus, it helps consumers make informed decision, and for this reason, AR will play a crucial role in the growth of the global 3D printing in jewelry market.
Apart from these, the global market will also receive a major boost from changing consumer preferences and increasing fashion consciousness. This is going to encourage jewelry manufacturers to adopt the latest technologies such as CAD and 3D printing for designing and producing jewelry. The adoption of such technologies is expected to fuel the growth of the global market.
North America was the largest market for 3D printed jewelry in 2019. The regional market is expected to maintain its growth momentum due to rising technological innovations in the retail channel and growing demand for customized jewelry. In North America, the US and Canada are the main markets for 3D printed jewelry. The Asia-Pacific market is also expected to register high growth over the next few years.
However, the jewelry industry has been severely hit by the global Cobid-19 pandemic. The industry has been witnessing a sharp decline in demand forand purchase of jewelry in recent times. This is going to impact the growth estimates for the global 3D printing in jewelry market as well.
The major players operating in the global 3D printing in jewelry market are 3D Systems, Imaginarium Pvt. Ltd., Arlette Gold Ltd., Autodesk, DWS, Argen, and Asiga. The global market is fragmented, and the key vendors are mainly focusing on new technologies and product launches, in order to expand their presence in both the global and regional markets.