Press release
Beauty Tools Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2030
Fortune Business Insights™ has examined these responses in a research report titled, "Beauty Tools Market, 2023-2030."
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Fortune Business Insights™ lists out all the beauty tools market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
Avon Products (U.K.)
The Procter & Gamble Company (U.S.)
Edgewell Personal Care (U.S.)
Louis Vuitton LVMH (France)
Estee Lauder Companies Inc., (U.S.)
Shiseido Co. Ltd (Japan)
Report Coverage-
Secondary and primary sources are used to get a detailed overview of the study in a prominent way. The report's context also considers the qualitative and quantitative approaches to achieve a detailed analysis. Meetings with the upper management, such as the board of directors and employees, have contributed to thoroughly recognizing the industry in the best possible way. For secondary resources, various press releases and journals are used to fetch the details of the industry. The report also includes a COVID-19 analysis to boost the market coverage.
Drivers and Restraints:
Rising Penetration of Digital Campaigns Triggers Investment
The increasing number of promotional activities and campaigns by brands to promote awareness about tools and technology has fueled the demand for products. With their tutorial and training on online platforms, makeup artists and influencers have also contributed to the rise in demand for the product by attracting customers' interest in creating their customized routines at home. Meanwhile, the beauty tools market growth is likely to be hampered by a lack of expertise in using beauty tools, particularly among home users.
Segments-
With regards to type, the market is divided into trimmers, tweezers, razors, haircare, sponges and puffs, manicure & pedicure tools, brushes & combs, and others. With respect to distributional channel, the industry is categorized into online and offline. In terms of geography, the market is categorized into the Middle East & Africa, Europe, South America, North America, and the Asia Pacific.
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Regional Insights
Growing Consumer Demand for Fashion Tools and Accessories Spurs Growth in North America
North America is expected to witness a significant rise in the beauty tools market share due to high distributional channels. Furthermore, there has been a surge in demand for fashion tools and accessories in the region due to the growing impact of popular culture on young people and adults. The high technological advancements in beauty and makeup tools have surged the product demand in the region.
The Asia Pacific is projected to experience a substantial increase due to growing consumer demand for equipment for regular styling needs. Moreover, strong demand for haircare and tweezers across China and India empowers digital trade in the marketplace.
Beauty Tools Market Size Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Beauty Tools market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Beauty Tools market
Key questions answered in the report:
What is the growth potential of the Beauty Tools market?
Which product segment will take the lion's share?
Which regional market will emerge as a pioneer in the years to come?
Which application segment will experience strong growth?
What growth opportunities might arise in the Beauty Tools industry in the years to come?
What are the most significant challenges that the Beauty Tools market could face in the future?
Who are the leading companies on the Beauty Tools market?
What are the main trends that are positively impacting the growth of the market?
What growth strategies are the players considering to stay in the Beauty Tools market?
Competitive Landscape-
Leading Companies Focuses on Partnership to Boost Portfolios
Leading companies such as Gillette India Ltd launched three new razors with Flexball technology to gain a competitive edge. Major industry players are expected to invest in product launches, partnerships and mergers & acquisitions to get an additional lead.
Developments in the business include:
September 2021: Gillette India Ltd. introduced the 3D Flexball technology razor, which can turn and twist with facial contours to style better and sharper.
December 2020: Google joined hands with Perfect corp. and ModiFace to introduce an augmented reality framework which gives consumers a chance to try cosmetics products through the Goggle application.
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