Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the beauty tools market provides an 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 the 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.
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 factor 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.
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.
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.
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 the 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.
Please Choose One of them.