SmarTech’s new report on footwear AM projects $6.5 billion in yearly revenues by 2029 Consumer Products
SmarTech Analysis published a new report titled, Additive Manufacturing in the Footwear Industry. In the report the use of additive manufacturing (AM) and revenues connected to 3D printed footwear products are projected to generate over $6.5 billion (USD) in yearly global revenues by 2029, growing at a 19.5% CAGR. The report also goes on to forecast that that by 2023 over $1 billion (USD) will be generated by 3D printed footwear parts alone, including additively manufactured insoles, midsoles, and uppers.