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Beauty Tools Market (Product Type - Hair Care, Razors, Trimmers, Brushes and Combs, Manicure and Pedicure Tools, Tweezers, and Others; End-use - Household, and Commercial; Distribution Channel - Stored Based, and Non-store Based): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : March, 2021

  • Rep Id : CGP0133

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the beauty tools market provides in-depth analysis of segments and sub-segments in the global as well as regional beauty tools market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional beauty tools market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global beauty tools market. According to the report, the global beauty tools market is projected to grow at a CAGR of 14.53% over the forecast period of 2020-2026.

 

Market Insight

The introduction of new and specialized equipment and technology in the Beauty Services industry is changing the market in which many businesses operate. Some beauty businesses may use specialized products and equipment to provide services such as laser hair removal and cosmetic tattooing, as well as the more traditional skin, hair, and nail care-related services. Growing demand for beauty or grooming devices, tools, and accessories has proven resilient in recent years, with consumer interest in both electrical and non-electrical items piqued by innovation.

 

Increasing beauty consciousness among consumers, with individuals seeking out products and services related to enhancing their image. This supports the adoption of specialized equipment and technology, including those used for laser hair removal, skin rejuvenation, and cosmetic tattooing. Furthermore, the internet emergence of personal hair and beauty imagery on Instagram and DIY through online videos is driving the growth of the beauty tools market. Additionally, a growing distribution channel for beauty products and aggressive advertising campaigns on TV and are probably the most effective driving factor for the beauty tools market. However, the availability of cheap and counterfeit products is affecting the growth of the market. Moreover, men’s grooming is expected to become an increasingly dynamic factors due to growing social acceptance of men’s grooming are a result of exposure to metrosexual trends that maintain demand for beauty tools. Haircare is the biggest category in men’s grooming.

 

North America holds the largest market share in the beauty tools market. An Emerging country like Canada, Mexico, and the US contributes the largest market share. Mexico is ranked in the top 10 markets in the world for personal care products, and it continues to be the second-largest market for beauty products. North America is a mature market with opportunities for select products that can differentiate themselves from those manufactured locally, though it is important to consider that Mexico is a price-driven market. In 2017, Mexico registered an increase of the category of skincare products grew by 6 percent due to the entrance of prestigious new brands into the Mexican market. The demand for hair care tools has increased due to men’s increasing adoption of grooming products and the popularity of beards. Europe is the second-largest region for the global beauty tools market owing to the rising inclination toward the use of self-beauty tools and growing expenditure in beauty products. 

 

Segment Covered

The report on global beauty tools market covers segments such as product type, end-use, and distribution channel. On the basis of product type, the sub-markets include hair care, razors, trimmers, brushes and combs, manicure and pedicure tools, tweezers, and others. On the basis of end-use, the sub-markets include household, and commercial. On the basis of distribution channel, the sub-markets include stored based, and non-store based.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Estée Lauder Companies Inc, Royal Philips, Procter & Gamble Company, Coty, Inc, L’Oréal SA, Shiseido Co. Ltd., e.l.f. Cosmetics, Inc, Avon Products, Inc, Paris Presents Incorporated, and Edgewell Personal Care.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of beauty tools market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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