Mass Customization and Personalized Eyewear to Drive the Market Tremendously
3D printing in eyewear is gaining traction with increased adoption of additive manufacturing (AM) across various industry verticals. New trend of tailor-made eyewear that are comfortable to customer needs is expected to boom the market size in coming decade. 3D printing technology can be used to manufacture complex shapes that cannot be produced with conventional manufacturing technologies. These factors are expected to drive the market in near future.
On the other hand, the global 3D printing in eyewear market is expected to be obstructed by several factors which is holding back its adoption. Current AM technologies produce rough and porous surface finish as compared to conventional production technology. Applying finishing process also increases production cost, thereby affecting the adoption at higher level. For bulk manufacturing of 3D eyewear, current AM technologies are not suitable and require further research and advancement. Moreover, only nylon is identified as an ideal material for final part production. Alternative materials are not widely implemented and requires deep research and testing for using it for final part production. In spite of all these hindrances, the market is poised to grow beyond US$ 4.74 Bn by 2030 with a CAGR of 24.42% from 2022 to 2030.
Nylon-12 Emerge as the Best Material for 3D Printing in Eyewear
Nylon-12 is abrasion resistant, tough and possesses great strength and durability. These properties make nylon-12 an ideal choice for 3D printing of an eyewear. In addition, nylon can be reinforced with carbon-fibre or glass-fibre, for manufacturing lighter parts with excellent mechanical properties. Also, the final product gives good surface finish ultimately requiring less post-processing. In all, nylon-12 is expected to keep its dominant position throughout the forecast period. However, companies are investing in R&D for developing new materials that are superior than nylon-12.
Asia Pacific to Register the Highest Growth Rate during the forecast period
Asia Pacific is already a major parent market for eyewear and growing at the rate of approximately 14% annually. With the advent of 3D printing in eyewear, the region is expected to show similar growth during the forecast period. Large number of millennial population and their changing fashion trends will be the major driver for the market. Additionally, the region is also home to large number of ageing population. By 2030, some 60% of the total population aged over 65 will live in Asia. As the elderlies have high demand for glasses, it is expected to further drive the market growth. It is estimated that, the region will capture over 30% share of global 3D printing in eyewear market by 2030.
New Technological Development is keeping the Market Competitive
The overall 3D printing in eyewear market is fragmented and market players are focusing on partnership and improving capital investment to bolster their market position. For instance, in June 2021, Carbon, Inc. announced that it has raised over US$ 260 Mn from Madrone Capital Partners and Baillie Gifford. With this fresh capital, the company aims to expand its R&D efforts and to grow in Asia and Europe. Further, in May 2021, EnvisionTEC, Inc. and Henkel partnered to further drive the adoption of 3D printed parts from prototyping to final product.
Key Industry Development:
• In June 2021, Carbon, Inc. announced that it has raised over US$ 260 million from Madrone Capital Partners and Baillie Gifford. With this fresh capital, the company wants to expand its R&D efforts and to grow in Asia and Europe.
• In May 2021, EnvisionTEC, Inc. and Henkel partnered to further drive the adoption of 3D printed parts from prototyping to final product.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 3D Printing in Eyewear market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Region Segment (2020–2030; US$ Million)
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Key questions answered in this report