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Beauty & Salon Equipment Market worth $22.46 billion by 2030, growing at a CAGR of 9.31% - Exclusive Report by 360iResearch
Beauty & Salon Equipment Market | 360iResearch
The Global Beauty & Salon Equipment Market to grow from USD 12.04 billion in 2023 to USD 22.46 billion by 2030, at a CAGR of 9.31%.
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The beauty & salon industry provides services to clients to enhance their appearance and overall well-being. Beauty & salon equipment caters to various treatments, such as hair styling, skincare, nail care, makeup application, and more. The beauty & salon tools are designed with precision, efficiency, and comfort to create a seamless experience for professionals and clients in styling and treating skin, hair, and nails. Increasing awareness about personal grooming and appearance, urbanization and changing lifestyles, and social media influence have significantly increased the demand for beauty & salon equipment. However, the premium equipment and technologies may be costly for smaller salons or independent professionals, impacting the market growth. Furthermore, the innovations such as advanced hair styling tools, skincare devices, and increasing eCommerce platforms are expected to offer growth opportunities to the beauty & salon equipment market.
The Americas region, predominantly led by North America's well-established beauty industry infrastructure, continues to observe steady growth in beauty & salon equipment sales. The high adoption rate of advanced technologies in this region results from customers' willingness to spend on premium products offering better performance or sustainability credentials. In the APAC region, there has been a surge in demand for advanced beauty & salon equipment due to a rapidly growing middle-class population with higher disposable income. Additionally, emerging economies, including India and China, are witnessing increased urbanization, leading to greater spending on personal care products and services. Furthermore, APAC countries' cultural emphasis on maintaining a youthful appearance has fueled the demand for innovative skincare devices that offer non-invasive treatments. In the EMEA region, European countries are known for their strong heritage in cosmetics manufacturing and innovation. In addition, African countries have observed an upswing of interest among consumers seeking professional haircare services catering to their unique hair types. This shift towards professional haircare services has opened new opportunities for manufacturers developing specialized hair care tools tailored to these needs. Furthermore, multiple governments have launched initiatives aimed at promoting the beauty sector in the Middle East, which is expected to contribute positively to the beauty & salon equipment market growth.
Market Segmentation & Coverage:
This research report categorizes the Beauty & Salon Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Acne Devices, Cleansing Devices, Cooling & Heating Devices, Hair Removal Devices, Hair Styling Devices, Micro-Needle Therapy System, Oxygen & Steamer Devices, Rejuvenation Devices, RF Devices, Ultrasound Devices, and Vibration Machines. The Ultrasound Devices is further studied across HIFU/treatment Machines and SONO/massage Machines. The Vibration Machines is projected to witness significant market share during forecast period.
Based on Applications, market is studied across Acne/inflammation Improvement, Hair Care & Styling, Massager & Body Contouring, Nail Art & Care, and Skin Tightening & Whitening. The Massager & Body Contouring is projected to witness significant market share during forecast period.
Based on End-use, market is studied across Personal, Salon, Skincare Clinics, and Spa. The Skincare Clinics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Beauty & Salon Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Beauty & Salon Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Beauty & Salon Equipment Market, highlighting leading vendors and their innovative profiles. These include Alma Lasers Ltd., BabylissPRO, Candela Corporation, Clinique Laboratories, LLC, Conair LLC, Cutera, Inc., Dyson, Elchim s.p.a., FOREO AB, Jemella Limited, Koninklijke Philips N.V., LightStim International, Inc., Lumenis Be Ltd., L'Oréal S.A., MTG Co., Ltd, Nu Skin Group, Panasonic Holding Corporation, Parlux, Proactiv by Taro Pharmaceuticals USA Inc., QuasarMD, Remington by Spectrum Brands, Inc., Revlon Consumer Products LLC, TRIA BEAUTY, Trophy Skin Products LLC, VEGA Industries Private Limited, YA-MAN LTD., and ZIIP Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Beauty & Salon Equipment Market, by Product Type
7. Beauty & Salon Equipment Market, by Applications
8. Beauty & Salon Equipment Market, by End-use
9. Americas Beauty & Salon Equipment Market
10. Asia-Pacific Beauty & Salon Equipment Market
11. Europe, Middle East & Africa Beauty & Salon Equipment Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Beauty & Salon Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Beauty & Salon Equipment Market?
3. What is the competitive strategic window for opportunities in the Beauty & Salon Equipment Market?
4. What are the technology trends and regulatory frameworks in the Beauty & Salon Equipment Market?
5. What is the market share of the leading vendors in the Beauty & Salon Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Beauty & Salon Equipment Market?
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