Beauty Appliances Market Report Overview
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The global beauty appliances market size was USD 4135 million in 2020 and is projected to touch USD 10041.41 million by 2031 at CAGR 8.4% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the beauty appliances market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Beauty appliances typically refer to electronic devices or tools designed to enhance various aspects of personal grooming, skincare, and beauty routines. These appliances often incorporate advanced technology to provide convenience and potentially improve the effectiveness of beauty treatments.
These tools, such as hair styling devices, facial cleansing brushes, and skin care gadgets, incorporate technology to simplify and improve beauty treatments. They can range from hair straighteners and facial steamers to IPL hair removal devices and teeth whitening kits.
COVID-19 Impact: Heightened Awareness of Self-Care Enhanced the Market Possibility
The Covid-19 pandemic had a positive impact on the beauty appliances market. The safety measures, lockdown restrictions, and closure of salons & spas fuelled the demand for beauty appliances. As well as the pandemic led to heightened awareness of self-care and personal grooming as people spent more time at home. This translated to a higher interest in beauty appliances that facilitated skincare, haircare, and overall self-pampering. In addition to this, the rise of the e-commerce industry also supported the demand for these beauty applications. Consequently, the market experienced a rise in demand for the product throughout this health emergency and is expected to continue to grow over this forecast period.
Latest Trends
"Hairstyling Appliances Expand the Market Scope"
The market has been gaining higher demand for its facial beauty appliance, particularly for women consumers. However, hair styling appliances are in trend and experiencing a surge in popularity across all age groups, driven by the growing focus on personal upkeep and appearance. While females have traditionally been the primary users of these appliances, the trend of self-grooming and personal hygiene is leading to an expanding male user base. The rise in men investing in hair styling appliances, coupled with the increased adoption of electric hair care devices such as hair straighteners and hair dryers, remains a significant factor fueling the segment's global growth. Therefore, this hair styling appliance is projected to gain a noteworthy demand in the market during this projection timeframe which will likely contribute to the growth of the beauty appliances market.
Beauty Appliances Market Segmentation
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- By Type Analysis
According to type, the market can be bifurcated into Cleaning Appliances, Hydrating Appliances, Whitening Appliances, Massage Appliances, and Other Appliances.
- By Application Analysis
Based on application, the market can be divided into Facial Beauty and Features Beauty.
Driving Factors
"Growing Beauty Consciousness to Boost the Growth of the Market "
The major driving factor of the market is the increasing awareness of personal grooming and skincare practice. In recent years, beauty and cosmetics industries have boomed remarkably due to increased awareness of personal grooming among general consumers, driven by social media and beauty influencers which has led to a higher demand for tools that help achieve desired looks. Along with this, these appliances offer convenience by allowing individuals to perform beauty and grooming routines at home that aid them in saving time and reducing the need for salon or spa visits that is a key advantage of these appliances which will likely augment the demand for such beauty applications over this forecast period.
"Rising Technological Advancements Enhance the Demand for Beauty Appliances"
The second most significant key driving factor is the continuous innovations in technology that lead to the development of more advanced and effective beauty appliances. For instance, new features such as smart controls, customizable settings, and integration with mobile apps enhance user experience and product effectiveness which are attributed to propel demand for these appliances as well as beauty appliances market growth.
Restraining Factors
"High Costs Can Confine the Market Expansion"
Although, beauty appliances can offer potential long-term cost savings compared to frequent salon visits, however, the market's growth could be hindered by the substantial initial investment that might dissuade some consumers from adopting these products.
Beauty Appliances Market Regional Insights
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"Asia Pacific Anticipated to Lead the Market Due to a Large Population with Diverse beauty preferences"
According to a market review, the Asia Pacific region is indeed playing a significant role in the growth of the beauty appliances market. This region, which includes countries namely, China, Japan, South Korea, and India, has a large population with diverse beauty and grooming preferences. Additionally, the influence of K-beauty trends (from South Korea) and the popularity of skincare routines have contributed to a strong demand for beauty appliances in this region. Furthermore, Asia-Pacific has seen rapid economic growth, rising disposable incomes, and an increasing middle-class population, all of which contribute to a higher consumer spending capacity on beauty and personal care products, including beauty appliances.
Key Industry Players
"Key Players Collaborate with Beauty Experts or Influencers to Endorse their Products"
With regard to key players, the dominance of key players in the beauty appliances market is attributed to factors such as strong brand recognition, continuous innovation, diverse product ranges, and effective marketing efforts. Additionally, they leverage their widespread distribution network, customer loyalty, as well as strategic partnerships. Moreover, in terms of revenue, the top five key players occupy the highest number of beauty appliances market shares.
List of Market Players Profiled
- Philips
- Panasonic
- Conair
- Hitachi
- Clarisonic
- MTG
- KAKUSAN
- YA-MAN
- Home Skinovations
- Clinique Laboratories
- K·SKIN(kingdomcares)
- HABALAN
- NuFace
Report Coverage
This report defines the beauty appliances market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 4135 Million in 2020 |
Market Size Value By |
US$ 10041.41 Million by 2031 |
Growth Rate |
CAGR of 8.4% from 2020 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global beauty appliances market expected to touch by 2031?
The global beauty appliances market is expected to touch USD 10041.41 million by 2031.
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What CAGR is the beauty appliances market expected to exhibit during 2024-2031?
The beauty appliances market is expected to exhibit a CAGR of 8.4% over 2024-2031.
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What are the key driving factors of the beauty appliances market?
The growing beauty consciousness and rising technological advancements are the key driving factors of the beauty appliances market.
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What are the key players in the beauty appliances market?
The key players in the beauty appliances market include Philips, Panasonic, Conair, Hitachi, Clarisonic, MTG, KAKUSAN, YA-MAN, Home Skinovations, Clinique Laboratories, K·SKIN(kingdomcares), HABALAN, and NuFace are top players in the market.