3D Printing - Eyewear Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2020 - 2028
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The 3D Printing - Eyewear Market is witnessing a gradual growth especially in developed nations. The 3D Printing - Eyewear Market is expected to reach USD 953.0 Million by 2028 from USD 536.2 Million in 2019, at a CAGR of 7.05% from 2020 to 2028.
North America region was holding the highest market share in 2019. The Asia Pacific region due to the growing millennial population, demand for customized eye-wear options, and increased adoption of the technology especially from the Chinese and Japanese market is growing with respect to 3D Printing Technology and its usage in Eye-wear. It is expected that at the country level, the China & U.S. will account for the majority of the market revenue by 2028.
The 3D Printing - Eye-wear Market by Type is segmented into Polyamide and Hybrid Type. Polyamide based Products are estimated to grow at a CAGR of 6.88% in the forecasted period and it holds the highest market share. Polyamide 12 is a largely used 3D printing material for consumer goods such as eye-wear. It is known for its tensile strength, toughness, and flexibility. Whereas Hybrid product types are the fastest-growing sub-segment in the forecasted period.
The market growth is mainly driven by the growing demand from the end-users for an innovative and latest customized eyewear solutions. Additionally, the trend in the market is the emergence of aspirational spending among millennials on luxury items. Top Eye-wear brands provide an aspirational value to these millennials. Though the eye-wear applications of 3D printing are still in a nascent stage, recent advancements in technology are putting an innovative spin to this market.
Key companies profiled in the report are Materialise, Cipres, Carbon 3, Monoqool, Mykita, Gotti, Ic! Berlin, Sculpteo, Luxottica, Luxexcel, SFERED, Specsy. They have adopted key strategies such as expansion, partnerships with key eye-wear brands to increase their operational presence. Similarly, usage of advanced technology by key players keeping the competitive edge in this current dynamic market has been identified as a key driver.
