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Global Beauty Tools Market Research Report—Forecast till 2025
Global Beauty Tools Market is accounted to register a significant CAGR of 17.40% and reach. Beauty tools are trending these days especially in youngsters it includes razors and shavers, hairstyling instruments, sponges and puff, brushes and combs, body hair trimmers, and many more. The rising demand for beauty and makeup products and increasing need for beauty services, influencing social media and brand endorsement, and rising use of online shopping portals are expected to drive the growth of the global beauty tools market during the review period. However, the major factor impacting market growth is the increasing unorganized local market. Furthermore, the technological advancements in beauty tools are impacting positively on the market in the forecast period.
According to the study, the Global Beauty Tools Market in terms of value is accounted for to reach USD 97,882.1 Million by 2025. The global beauty product industry is benefited due to sophistication and luxury in beauty products. The availability of cheaper beauty tools in the local market is estimated to hinder the growth of the global market.
Market Segmentation
The global Beauty Tools Market is segmented based on product type, end-user, distribution channel, and region.
By product type, the global beauty tools market has been segmented into hair care, razors, trimmers, brushes & combs, manicure & pedicure tools, tweezers, sponges & puffs, and others. Haircare type is again subdivided into hairdryers, curling irons, straighteners & flat irons, and others. Manicure & pedicure tools are further classified into nail cutter, cuticle pusher & nipper, nail file, and others. Based on the end-use category the market is been classified into the household and commercial beauty tools. By distribution channel, the market is been bifurcated into stored based and non-store based beauty tools.
Regional Analysis
The region-specific analysis of Global beauty tools Market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, North America is accounted for 34.60% share of the global market and is likely to drive the global market to register a substantial CAGR OF 16.80%during assessment period. The regional market is distributed into Canada, Mexico, and the US however the US contributes the largest market share. Europe is accounted to hold the second-largest share of the global market owing to the rising inclination toward the use of beauty tools. The Asia Pacific is expected to exhibit the fastest-growing market during the review period owing to growing expenditure in cosmetics and beauty products and the preference of the customers to use branded products.
Major Players
The key players in the Global Beauty Tools Market include The Procter & Gamble Company (US), Estée Lauder Companies Inc. (US), L’Oréal SA (France), Shiseido Co. Ltd. (Japan), Coty, Inc. (UK), e.l.f. Cosmetics, Inc. (US), Avon Products, Inc. (the UK), Paris Presents Incorporated (US), Moët Hennessy - Louis Vuitton (LVMH) (UK), and Edgewell Personal Care (US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Overview
Global Beauty Tools Market is accounted to register a significant CAGR of 17.40% and reach. Beauty tools are trending these days especially in youngsters it includes razors and shavers, hairstyling instruments, sponges and puff, brushes and combs, body hair trimmers, and many more. The rising demand for beauty and makeup products and increasing need for beauty services, influencing social media and brand endorsement, and rising use of online shopping portals are expected to drive the growth of the global beauty tools market during the review period. However, the major factor impacting market growth is the increasing unorganized local market. Furthermore, the technological advancements in beauty tools are impacting positively on the market in the forecast period.
According to the study, the Global Beauty Tools Market in terms of value is accounted for to reach USD 97,882.1 Million by 2025. The global beauty product industry is benefited due to sophistication and luxury in beauty products. The availability of cheaper beauty tools in the local market is estimated to hinder the growth of the global market.
Market Segmentation
The global Beauty Tools Market is segmented based on product type, end-user, distribution channel, and region.
By product type, the global beauty tools market has been segmented into hair care, razors, trimmers, brushes & combs, manicure & pedicure tools, tweezers, sponges & puffs, and others. Haircare type is again subdivided into hairdryers, curling irons, straighteners & flat irons, and others. Manicure & pedicure tools are further classified into nail cutter, cuticle pusher & nipper, nail file, and others. Based on the end-use category the market is been classified into the household and commercial beauty tools. By distribution channel, the market is been bifurcated into stored based and non-store based beauty tools.
Regional Analysis
The region-specific analysis of Global beauty tools Market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, North America is accounted for 34.60% share of the global market and is likely to drive the global market to register a substantial CAGR OF 16.80%during assessment period. The regional market is distributed into Canada, Mexico, and the US however the US contributes the largest market share. Europe is accounted to hold the second-largest share of the global market owing to the rising inclination toward the use of beauty tools. The Asia Pacific is expected to exhibit the fastest-growing market during the review period owing to growing expenditure in cosmetics and beauty products and the preference of the customers to use branded products.
Major Players
The key players in the Global Beauty Tools Market include The Procter & Gamble Company (US), Estée Lauder Companies Inc. (US), L’Oréal SA (France), Shiseido Co. Ltd. (Japan), Coty, Inc. (UK), e.l.f. Cosmetics, Inc. (US), Avon Products, Inc. (the UK), Paris Presents Incorporated (US), Moët Hennessy - Louis Vuitton (LVMH) (UK), and Edgewell Personal Care (US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
