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Beauty Tools Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031 / e.l.f. Cosmetics, Inc.,Estée Lauder Companies Inc., Home Skinovations, Ltd.

02-21-2024 06:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Beauty Tools Market Size, Share, Trends, Demand, Segments,

The global beauty tools market is anticipated to grow at a CAGR of 10.3% during the forecast period. The major factors that are contributing to the growth of the global beauty tools market include the rising inclination toward the physical appearance to look younger and attractive, and rising awareness about personal grooming is propelling product demand. The product manufacturers promote their brands and innovative technologies through social media campaigns. Moreover, increased investments in celebrity endorsement by beauty tool manufacturers to influence the target customers will further likely create new prospects in terms of product demand. The market growth is mainly attributed to the significant investment by the women population across the globe in beauty products and tools. As per Groupon's study in 2020, women spend an average of $3,756 a year (or $313 a month), which adds up to $225,360 throughout their entire lifetime (ages 18-78). The demand for beauty products such as hair dryers, facial toning devices, razors, trimmers, and others is comparatively high among women which are expected to increase more during the forecast period, which in turn will drive the market growth.

Moreover, social media platforms are also influencing consumers to attract to beauty tools and products. Social media has amplified the importance of outer appearance. In a study from the Harvard Business School in 2020, a whopping 62% of women said they follow beauty influencers on social media. When asked where they seek information about beauty products and tools before purchasing them, social media influencers ranked highest at nearly 67%. The availability of cost-effective non-branded beauty tools in the market may hamper the growth of the market. Apart from these, Low penetration in the developing and underdeveloped market due to lack of awareness is the major challenge to be overcome by the market players to grow more in the upcoming future.

To Request a Sample of our Report on Beauty Tools Market: https://www.omrglobal.com/request-sample/beauty-tools-market

Beauty Tools Market Segmentation

By Type

· Hair care

· Razors

· Trimmers

· Brushes & Combs

· Manicure & Pedicure

· Sponges & Puffs

· Others

By Application

· Household

· Commercial

By Distribution Channel

· Store-Based

· Non-Store-Based

A full Report of Beauty Tools Market is Available @ https://www.omrglobal.com/industry-reports/beauty-tools-market

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· e.l.f. Cosmetics, Inc.

· Estée Lauder Companies Inc.

· Home Skinovations, Ltd.

· Koninklijke Philips N.V.

· L'Oréal S.A.

· Lumenis, Ltd.

· Moët Hennessy - Louis Vuitton (LVMH)

· Paris Presents, Inc.

· Procter & Gamble Co.

· Revlon, Inc.

· Shiseido Co. Ltd.

· TRIA Beauty, Inc.

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1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/beauty-tools-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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