Beauty Tools Market Revenue, Demand, Development Strategy Demographic, Geographic Segment by 2027
Growth
Boosters and Impediments
Escalating
consciousness regarding physical appearance and the desire to look healthy,
attractive and young has raised the demand for electronic beauty tool. With
their significant convenience, faster operation, and advanced automation
features, beauty tools are witnessing massive demand in the market. beauty
tools are available for a series of applications including facial, nail and
hand treatments, body treatments, hair removal, hair treatments, and many more.
Also, with the surge in hormonal changes, rise in fat composition, cellulite
growth, escalating localized fat, discoloration, skin laxity, large pores, fine
lines, age spots, broken blood vessels and acne scars, the demand for the Beauty Tools Market Revenue is bound to heighten significantly in
the ensuing years.
Brand
endorsements by well-known celebrities, especially on social media are helping
customers grow aware about the latest products available in the market. With
fashion and beauty trends turning bolder, consumers are striving to flaunt
their aesthetic side, which in turn enhances the demand for various types of
beauty tools. Apart from this, online retail has emerged as a significant
gamechanger for the beaty tools industry, with most of the firms having their
own sites offering extensive ranges of products. Meanwhile, other companies are
collaborating with established online sites to foster brand recognition among
consumers.
Key
Players
The key manufacturers active in the
global industry are Estée Lauder Companies Inc. (US), The Procter & Gamble
Company (US), Paris Presents Incorporated (US), e.l.f. Cosmetics, Inc. (US),
Avon Products, Inc. (UK), Edgewell Personal Care (US), Moët Hennessy - Louis
Vuitton (LVMH) (UK), Coty, Inc. (UK), L’Oréal SA (France), Shiseido Co. Ltd.
(Japan), to name a few.
Market Segmentation:
Product type, end-use and distribution channel are
the major segments outlined in the MRFR report, to offer an enhanced framework
of the beauty tools industry.
Depending on product type, the Beauty Tools Market
Revenue caters to sponges & puffs, razors, hair care, brushes & combs,
trimmers, tweezers, manicure & pedicure tools, and others. Haircare types
listed in the report are straighteners & flat irons, curling irons,
hairdryers, and others. Manicure & pedicure tools can be split into
segments like nail file, cuticle pusher & nipper, nail cutter, and others.
The lead has been secured by the hair care segment, which is deemed to touch
USD 34,472.2 million by 2025-end. Meanwhile, the fastest growth rate of 19.79%
will be exhibited by the trimmers segment between 2019 and 2025.
Major end-users are household as well as
commercial. For years, parlors and salons were the popular spots for customers,
however; over the years, in view of time shortage and hectic schedules, the
beauty sector has now shifted its focus on serving customers with customized
devices as per their requirements. As a result, the household use of beauty
tools has risen considerably in the past few years and this would mean that the
segment will attain the leading spot in the years ahead.
Top distribution channels in the worldwide market
are store based and non-store based. Store based types are specialty stores
along with supermarkets and hypermarkets, and more. Supermarkets and
hypermarkets have procured the top position in the industry, accounting for
maximum sales. Specialty stores are also some of the most popular distribution
channels in the global market.
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Regional Analysis
Europe, Asia Pacific or APAC, North America and RoW
(rest of the world) are the major regions where the global market for beauty
tools is expected to grow at varying rates during the forecast period.
North America should remain the market leader in the
coming years, as the demand for beauty tools such as curling irons and
straighteners is extremely high in the region. The regional market procured a
share of 34.60% in 2018 while the US secured the leading position. The North
American market is touted to capture a striking CAGR of 16.80% between 2016 and
2025. Majority of the players carry out several advertising and marketing
activities to spread awareness among the customers, which helps enhance the
sales rate. The Canadian market benefits from the soaring consumer preference
for technology-driven beauty tools with multiple features.
The European market is one of the strongest
contenders, thanks to the high grooming standards in view of the prevalent
fashion trends. These trends are quite popular among the mass, with the fashion
industry in the region having a remarkable effect on the Beauty Tools Market
Revenue. The sales of flat irons, straighteners, trimmers, razors, brushes,
pedicure and manicure tools in the region are booming, given the rising social
medica influence over the millennials and the growing interest in making a
style statement. Another growth rendering aspect has been the surging use of
the internet and various electronics devices like smartphones and tablets that
facilitate the expansion of the e-commerce sector. Online shopping is an
exciting trend in the market, with people increasingly turning tech-savvy and
growing aware of the latest beauty tools available.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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