Marketing products online has become more than just uploading a picture and including a description. 3D product configuration is the new marketing power tool that helps customers visualize and customize products when shopping online.
In an increasingly competitive and global retail space, 3D is bringing a new shopping experience that leads to higher sales and increased customer satisfaction. Here are 13 statistics on 3D product configurators for eCommerce you’ll want to know about:
3D rendering is a booming market.
Mass advancements in 3D modeling and emerging augmented reality technologies have both played a role in the emerging and growing demand for 3D rendering solutions in the online retail space. Due to rising demand, enterprises are looking for ways to increase customer satisfaction and create a more immersive experience. The adoption of 3D models for better product visualization gives retailers that extra edge in a highly competitive market, so it’s no surprise that companies are continuing to invest in this technology.
“3D is revolutionising the way we shop by bridging the gap between digital and physical worlds. A radical store reinvention will offer retailers new ways to increase convenience and personalisation.”
Muchaneta Kapfunde, Editor in Chief, Fashnerd
Bring your business into the future with eCommerce.
The growth of the 3D rendering market is directly related to eCommerce growth trends, which are showing rapid growth across all demographics. According to research conducted by Shopify, by the year 2021, worldwide retail eCommerce sales will reach $4.9 trillion, and Nasdaq researchers predict that by the year 2040, as much as 95% of shopping will be facilitated by eCommerce. Online shopping will also grow as a trend in emerging markets in Africa, Asia, Middle East, and Latin America. This leaves a massive segment that will look for add-ons like 3D rendering to enhance their shopping experience.
Inspires confidence and conversions with 3D rendering.
The more information that customers can glean from visiting a product page, the more confident they will be with their purchase. For example, according to Field Agent, 83% of US smartphone users found product images and photos to be "very" and "extremely" influential, though almost an equal number (82%) said the same for product descriptions and specs. Online shoppers like having as much information as possible before buying a product on the Internet, and 3D rendering gives them exactly that. With 3D rendering like that used for TaylorMade's golf club configurator displayed below, customers are able to zoom in and out, or see the product from different angles, making them more confident in their purchase.
Engage customers with a 3D view.
3D rendering is a cutting-edge technology add-on to any product page that will enhance the customer’s shopping experience and help the purchaser imagine their own personal use of the item. This is evident from how often online customers use the 3D display feature when it is available for a product. It allows them to have a more detailed, intimate knowledge of the product from every angle and provides much-needed customer confidence in purchasing online.
Increase conversions compared to video.
Although video is a powerful tool for selling products online, it does not offer the same level of detail and multi-angle inspection that 3D rendering does. Immersive shopping based on 3D technologies is created based on information concerning how we perceive things through vision and touch, making interactive 3D visuals a dramatically different customer experience that results in increased conversions and fewer returns.
Boost add-on sales and customer satisfaction with 3D configurators.
An initial pilot of a real-time 3D configurator by Audi saw user engagement increase by 66%. The study also revealed that being able to see the product in 3D increased customer satisfaction ratings with the shopping experience itself. Results also showed a 9% increase in additional feature selection per vehicle, which increased the overall purchase price and resulted in increased revenue. Audi noted, “The results reflect the fact that the real-time 3D user experience is a drastic improvement over typical 2D experiences. Quality has always been the biggest challenge when looking to implement 3D solutions in the past.”
Shoppers on mobile devices prefer 3D configurators to video or 2D images.
Although videos and images are useful on a product page when selling inventory online, neither achieve the same 360-degree spin of the product as a visual feature. The ability to see the product from all angles provides a boost to customer satisfaction and confidence, especially for customers on mobile devices.
3D configuration is no longer just a luxury; it's a necessity to survive in the digital economy. At Threekit, we specialize in visualization technology and have decades of professional experience in configuration software.
Reduce returns and earn brand evangelists.
With 360° 3D rendering, what you see is what you get. As companies struggle to reduce return rates without raising their costs or changing return policies, 3D rendering technology allows customers to make more informed decisions when it comes to purchases. 3D configurators allow shoppers to see details of the product in a more accurate representation than what can be achieved through images or video alone. For example, after using 360° and 3D photography to enhance its online product catalogue, Home Depot reported 35% fewer product returns.
Generate more sales with 3D.
Houzz.com, which offers more than 10 million home décor products and furniture from 20,000 retailers, has realized the power of 3D rendering in boosting sales. Co-founder and President Alon Cohen says that much of their success has come from letting consumers see three-dimensional images of products in their homes. With the Houzz mobile app, shoppers can view 1 million products as 3D images — up from 300,000 when the 3D feature was added last year — and 2 million consumers have used the visualization tool when making purchases. Cohen also states that shoppers who view 3D images of products are 11 times more likely to purchase than those who don’t view them.
The 3D rendering market expects exponential growth in the next five years.
According to Grand View Research Inc., the global visualization and 3D rendering market size is projected to reach USD 5.63 billion by 2025, progressing at a CAGR of 22.5% during the forecast period. There is a growing need for innovative and affordable technologies to help online retailers increase conversions, and 3D visualization is a promising solution with an optimistic outlook. It can be used in real-time marketing, product designing, and training, as well as to help retailers provide customized products and services.