Beauty Tools Market Growing Business Worldwide with 17.40% CAGR, USD 94.0 Billion by 2032 With Top Key Players by MRFR
Research Reports
Jul 17, 2023
Beauty Tools Market Research Future Insights
Beauty Tools Market Size was valued at USD 22.2 Billion in 2022. The beauty tools market industry is projected to grow from USD 26.0 Billion in 2023 to USD 94.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.40% during the forecast period (2023 – 2032).
The global beauty tools market refers to the industry that produces and sells various tools and devices used for beauty and personal grooming purposes. These tools are designed to enhance the appearance of individuals, improve their skincare routines, and assist in various beauty treatments. Beauty tools can range from basic handheld devices like brushes and tweezers to advanced electronic devices such as facial cleansing brushes, hair styling tools, and hair removal devices.
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Key Players
The Procter & Gamble Company (US), Estée Lauder Companies Inc. (US), L’Oréal SA (France), Shiseido Co. Ltd. (Japan), Coty, Inc. (UK), e.lf. Cosmetics, Inc. (US), Avon Products, Inc. (UK), Paris Presents Incorporated (US), Moët Hennessy – Louis Vuitton (LVMH) (UK), and Edgewell Personal Care (US).
Market Segmentation
Global Beauty Tools market has been segmented into Type, End-Use, Distribution Channel.
By Type : Hair Care Tools , Razors , Trimmers , Brushes & Combs , Manicure & Pedicure Tools , Nail File , Nail Cutter , Cuticle Pusher & Nipper
By End-Use : HouseHold, Commercial , Beauty Tools
Distribution Channel : Store-Based , Non-Store-Based (Online/ E-Commerce)
Regional Analysis
North America is one of the major regions in the global beauty tools market. The United States and Canada are significant contributors to the market growth in this region. Factors such as a well-established beauty industry, high disposable income, and the presence of major beauty tool manufacturers and brands drive market growth in North America. Additionally, the growing focus on personal grooming, beauty trends, and advancements in beauty technology also contribute to market expansion.
Europe is another prominent region in the beauty tools market. Countries like the United Kingdom, Germany, France, and Italy have a well-developed beauty industry and a strong consumer base. The demand for beauty tools, including hair styling appliances, skincare devices, and makeup brushes, is driven by the increasing awareness about personal grooming and beauty trends. Moreover, the rising popularity of online beauty retailing further fuels market growth in Europe.
The Asia Pacific region represents a significant opportunity for the beauty tools market. Countries like China, Japan, South Korea, and India have witnessed substantial growth in the beauty industry and consumer spending power. The increasing urbanization, rising disposable income, and a growing middle-class population contribute to the demand for beauty tools in this region. Furthermore, the influence of K-beauty trends, innovative beauty technologies, and the growing e-commerce sector drive market expansion in Asia Pacific.
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