Hair Dryers Segment to Lead Beauty Devices Market During the Forecast Period
Rising skin &
hair-related issues, increasing geriatric population, and shifting consumer
preferences are the key factors driving the beauty devices market globally.
According to TechSci
Research report, “Beauty Devices Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F” The global beauty devices market is
expected to grow during the forecast period owing to increasing e-commerce
websites and the rising number of beauty salons and spas worldwide.
Beauty devices solve the problems of
wrinkles, dark circles, pigmentation, and age spots, which constitute a large
proportion of skin issues for women. One of the main drivers propelling the
beauty devices market is the rising prevalence of skin illnesses, the aging
population, and the negative impacts of UV radiation. It is expected that
strict government regulations and issues such as contact dermatitis and
superficial bacterial and fungal infections related to excessive usage of
cosmetic gadgets will restrain the market's expansion. Moreover, it is
anticipated that the availability of simple-to-use cosmetic products and the
hazards and difficulties related to beauty devices will hinder market
expansion.
The global market for beauty devices is
primarily driven by consumers' growing awareness of how people look and their
desire to improve and enhance their appearance and treat skin problems. In
addition, the growing elderly population and the simple access to anti-aging
cosmetic products that help to reduce signs of aging and tighten the skin are
increasing demand for the products. Additionally, the global market for beauty
devices is benefiting from an increase in working women and the popularity of
salons and derma clinics. Accordingly, rising pollution levels, demanding work
schedules, and shifting consumer lifestyles fuel the demand for cosmetic
products. Many significant manufacturers are releasing new product varieties
with several functions to accommodate various skin types, which is an essential
growth-inducing factor.
The rising geriatric population,
increasing prevalence of skin disorders brought on by the damaging effects of
ultraviolet radiation, and high disposable income lead to higher spending on
personal care products and technologies. The market is also expected to expand
owing to increasing use of electronic beauty tools and rising consumer
preference for easy-to-use at-home beauty tools.
The risks associated with using beauty
devices, the accessibility of simple beauty products, and the high cost of
beauty devices restrict this market's growth to some extent.
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The global beauty devices
market is segmented based on type, application, price range, distribution
channel, region, and competitive landscape. Based on type, the market is
segmented into trimmers & shavers, hair dryers, hair straighteners, hair
curlers, epilators, face cleansers, and others (multipurpose (stylers),
multipurpose (face cleaners), face massagers, lip plumper, etc.). Among these,
the hair dryers segment holds the leading share in the market during the
forecast period due to increasing availability and rising usage at home.
Based on distribution
channels, the market is divided into supermarkets/hypermarkets, multi-branded
stores, exclusive stores, online, and others (local shops, direct sales, etc.).
Among these, the online segment is expected to be the fastest-growing segment
in the market during the forecast period, owing to the increasing number of
e-commerce platforms and ease of accessibility.
Based on region, the market
is segmented into North America, Europe, Asia-Pacific, Middle East &
Africa, and South America. Among these, North America is the fastest-growing
segment in the global beauty devices market during the forecast period. The
region's high disposable income, which drives up personal care product
spending, is primarily to credit for this. Additionally, consumers' increased
focus on appearance is driving a surge in the use of innovative cosmetic
technology.
Key market players operating
in the beauty devices market include:
- Koninklijke Philips N.V.
- The Procter & Gamble Company
- L'OREAL GROUP
- Carol Cole Company, Inc. (NuFace)
- Panasonic Corporation
- Tria Beauty Inc.
- YA-MAN Ltd
- Nu Skin Enterprises Inc.
- MTG Co.,Ltd
- FOREO AB
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“The primary reason driving the market
is the growing awareness of the benefits and safety profile of energy-based
aesthetic devices, particularly laser-based devices. The Food and Drug
Administration (FDA) has approved laser skin tightening treatment for fine
lines, wrinkles, and skin laxity. In comparison to traditional surgical beauty
treatments, the main benefits of energy-based aesthetic beauty devices include
little skin invasion, rapid recovery, fewer side effects, and decreased
discomfort. These devices also deliver outcomes quickly, painlessly, and
reasonably priced. These factors are driving the demand for beauty devices all
around the world.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Beauty
Devices Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F Segmented By Type (Trimmers & Shavers, Hair Dryers, Hair
Straighteners, Hair Curlers, Epilators, Face Cleanser, and Others (Multipurpose
(Styler), Multipurpose (Face Cleaner), Face Massager, Lip Plumper, etc.)), By Application (Individual
Vs. Professional), By Distribution Channel (Supermarkets/Hypermarkets,
Multi-Branded Stores, Exclusive Stores, Online, Others (Local Shops, Direct
Sales, etc.), By
Region, By Company, has evaluated the future growth potential of beauty devices globally and provides statistics and information on market structure, size, share,
and future growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also identifies
the emerging trends along with essential drivers, challenges, and opportunities
present in the global beauty devices market.
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