3D Printing in Footwear
In 2018, the global footwear industry generated revenues of about $260 billion. The segment is mature and growing steadily as hundreds of millions of people around the world, especially in emerging economies, are now able to afford quality footwear.
SmarTech expects that footwear 3D printing revenues currently represent roughly 0.3% of global footwear market revenues, but that figure is set to rise.
The footwear industry’s movement toward widespread adoption of additive manufacturing is tied to the macrotrend of increased personalization of all consumer products, which can already be seen in everything from automobiles to jewelry. Although personalization is still in a very early phase — most consumers still consider brands more valuable than custom-made products — younger generations are beginning to place more value on custom-made products, especially as they become readily available.
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