3D Printing in Eyewear Market Size & Share Predicted to Reach $1,723.6 Billion By 2032
3D Printing in Eyewear:
3D-printed eyewear is an advancement in eyewear manufacturing and design. There are two types of 3D-printed eyewear that exist in the market—ready-to-use and customized. The main technology used is powder bed fusion and selective laser sintering, which enables the end-user to print with various plastic materials and give a finish to the eyewear.
3D Printing in Eyewear Market:
The market size for 3D Printing in Eyewear Market was USD 604.4 million in the year 2022. It is expected that the market size for 3D Printing in Eyewear will increase by approximately USD 1,723.6 million by 2032 as the market for 3D Printing in Eyewear is continuously growing at a compound annual growth rate (CAGR) of 11.9% during the forecast period 2023-2032.
3D Printing in Eyewear Market Report Scope
USD 604.4 million
USD 1,723.6 million
11.9% from 2023 to 2032
3D Printing in Eyewear Market Key Drivers:
There are various factors that help in the growth of 3D Printing in the Eyewear Market.
- Rising consumer demand: Due to the rise in consumer demand for personalized goods and the advantages of 3D printing technology in eyewear, the global market is anticipated to grow in the coming years. Key players are expected to invest in creating new kinds of 3D-printed glasses, including luxury as well as smart eyewear.
- The flexibility of developing: By enabling the flexibility of developing and testing various eyewear styles, fast proto-typing of eyewear shortens R&D cycles. The existing products can be modified substantially using 3D printing technology. This is likely to encourage customers to stop by shop and purchase items that are altered according to their specific needs.
- Greater potential: The eyeglass industry has greater potential due to 3D printing technology. It offers an opportunity to create cutting-edge styles and high-quality eyeglasses, which are expected to play a significant role in the eyewear market.
3D Printing in Eyewear Market Challenges:
Some of the key challenges which are faced by 3D Printing in the Eyewear market are:
- Impact of High Inflation: The high inflation in developed economies globally has resulted in an overall price surge over the past years. The Global 3D Printing in Eyewear Market is anticipated to witness flat growth in 2022, considering the related impact of cost-push and demand-pull inflation.
- Limited Material Choices: Although 3D-printing technology is constantly evolving, the range of materials suitable for 3D-printed eyewear is limited compared to traditional manufacturing methods. This can limit the types of designs and finishes available to consumers, potentially making it harder to find the perfect pair of glasses.
- Production Speed: While 3D printing can offer significant benefits in terms of customization and cost. It can also be a slower production method than traditional manufacturing. As a result, 3D-printed eyewear may not be the best solution for those who require their glasses quickly, particularly in cases where a large number of frames need to be produced.
3D Printing in Eyewear Market Regional Synopsis:
- North America: The presence of capital-intensive 3D Printing in Eyewear companies in the region, coupled with strong investments in new product launches, presents strong potential for North American 3D Printing in the Eyewear industry.
- Europe: The European 3D Printing in Eyewear market is analyzed across different types and applications. Steady growth in 3D Printing in the Eyewear market demand in Western European countries, coupled with increasing consumption expenditure in Central and Eastern Europe countries, supports the overall market outlook.
- Asia-Pacific: Asia-Pacific is a significant parent market for eyewear, growing at approximately 14% annually. With the advent of 3D printing in eyewear, the region is expected to show similar growth during the forecast period.
- LAMEA: Latin American 3D Printing in the Eyewear market to register high growth than in previous years, driven by resilient domestic demand and an uptick in exports. As Middle East countries emphasize diversifying their economies, the demand for 3D Printing in Eyewear markets remains strong in the region.
3D Printing in Eyewear Market Segmentation:
The 3D Printing in Eyewear Market is segmented into various categories which are listed below:
- Spectacles (Frames & Lenses)
- Powder Bed Fusion
- Selective Laser Sintering Systems (SLS)
- Material Jetting
- Vat Photo-polymerization
- Filament Extrusion
- Reading Glasses
- Safety Glasses
- North America
3D Printing in Eyewear Market Key Players:
- Hoya Corporation
- Glasses USA Inc.