3D E-commerce Market: Current Analysis and Forecast (2024-2032)

Report Description

3D E-commerce Market Size & Forecast

The 3D E-commerce Market was valued at approximately ~USD 4 Billion in 2023 and is expected to grow at a strong CAGR of around 18% during the forecast period (2024-2032) owing to the rising demand for customized products.

3D E-commerce Market Analysis

The 3D E-commerce Market has grown significantly recently, driven by increasing consumer interest in online shopping. Increased consumer focus on fashion and trends has boosted demand for 3D E-commerce. Also, the growing popularity of social media among youngsters has influenced the 3D E-commerce Market. Company collaborations, acquisitions, and innovative software launches also drive the industry’s growth.

For instance, in October 2022, CLO Virtual Fashion, a leading fashion technology provider, acquired an India-based fashion consulting firm, GoVise Technologies. The acquisition will accelerate the company’s R&D competitiveness, improve its products, and provide more user-friendly service to clients.

Also, in April 2022, Shiprocket – India’s premier technology-enabled logistics and fulfillment platform – acquired a 75% stake in Wigzo Tech, a leading customer data platform. Through this partnership, Shiprocket extended its product stack for online merchants who use its platform to provide a more tailored end-to-end customer experience. This deal spelled a new frontier in the e-commerce technology space and will likely aid D2C firms in growing their technology stack to enhance marketing conversion.

3D E-commerce Market Trends

This section discusses the key market trends that are influencing the various segments of the 3D E-commerce Market, as identified by our team of research experts.

3D Design Segment Gaining Maximum Traction in the Market

The 3D design segment of the market has expanded considerably due to the growing technology use and customer expectations for innovative e-commerce services. This segment revolves around developing very intricate as well as functional 3D representations of products that the end users can use to get an almost lifelike feel of their experience at virtual shops. These three-dimensional models give consumers better and more detailed views of products by eradicating the dimensions and textures that a two-dimensional image or drawing would not be able to depict. While using 3D design in manufacturing products is already a great step forward, the addition of AR and VR technologies into the segment has expanded it even more. Consumers can preview products in their natural environment through AR or experience the products in a simulated environment by using VR technology. This can enhance consumer interest and decrease the ambiguity typically seen in online purchasing. In conclusion, the increase in the 3D design segment is due to the developments in the 3D e-commerce Market, the demand for engaging and immersive experiences by consumers, and the investment of key market players. For instance, in December 2022, Nextech announced its second spinout of Toggle3D, an AI-powered 3D design studio to compete with Adobe. It should continue to grow as many firms recognize the importance of using 3D design in their e-business strategies.

North America is Expected to Grow with Significant CAGR During Forecast Period

Within North America, the U.S. holds a major share of the market. The region’s rapid urbanization, rising investments in the consumer goods industry, the growing demand for innovative online shopping platforms, innovative marketing strategies, company acquisitions, and the presence of several market players are the major factors boosting the market’s growth in the country.

In June 2024, S.-based Infinite Reality, an immersive AI company focused on digital media and e-commerce, acquired Action Face, an AI-powered avatar creation platform. Through this deal, Infinite Reality developed proprietary technology that will allow people to create lifelike, custom 3-D avatars from a simple selfie.

In February 2024, S.-based Euronet, a leading global financial technology solutions and payments provider, acquired Infinitium Holdings Pte. Ltd, a digital payments company and provider of risk management and payments authentication services based in Singapore. Infinitium’s products will be integrated with Euronet’s Ren payments platform to provide additional protection against consumer fraud and merchant chargebacks in online transactions.

3D E-commerce Industry Overview

The 3D E-commerce Market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new E-platform launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Myntra Designs Private Limited; Blippar Group Limited; Zappar Ltd.; 3D Cloud; FF Poplar Limited; Magic Leap, Inc.; Cappasity Inc.; Wikitude, a Qualcomm company; Niantic; VNTANA.

In July 2023, Chaos, a global leader in 3D visualization, acquired the Italian company AXYZ Design, a leading developer of 3D/4D animation software. The acquisition enhanced Chaos’ ecosystem of real-time visualization tools, photorealistic renderers, and 3D asset libraries.

In December 2022, Asia-focused private equity firm MBK Partners acquired Medit Corp., the world’s third-largest 3D dental scanner maker, for USD 2 billion.

3D E-commerce Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global 3D E-commerce Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the 3D E-commerce Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Global 3D E-commerce market were the three major steps undertaken to create and analyze the adoption of 3D E-commerce in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global 3D E-commerce market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the 3D E-commerce Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the 3D E-commerce Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as product models, application, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the 3D E-commerce Market. Further, we conducted factor analysis using dependent and independent variables such as product models, application, and regions of the 3D E-commerce Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the 3D E-commerce Market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global 3D E-commerce Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the 3D E-commerce Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global 3D E-commerce Market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global 3D E-commerce Market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the product models, application, and regions in the Global 3D E-commerce Market.

The main objective of the Global 3D E-commerce Market Study

The current & future market trends of the Global 3D E-commerce Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the 3D E-commerce market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the product models, application, and regions.
• Define and analysis of the regulatory framework for the 3D E-commerce
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the 3D E-commerce market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the 3D E-commerce market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

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