Global Beauty Tools Market - Growth Drivers, Opportunities and Forecast Analysis to 2024
Summary -
A new market
study, titled “Global Beauty Tools Market - Growth Drivers,
Opportunities and Forecast Analysis to 2024” has been featured on WiseGuyReports.
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 MRFR 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).
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FOR MORE DETAILS:- https://www.wiseguyreports.com/reports/5533010-global-beauty-tools-market-research-report-forecast-till-2025
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