Global skincare tools market is expected to show robust growth with an impressive CAGR in the forecast period, 2024-2032 on the account of expanding cosmetic industry on a global level. Moreover, escalating consciousness regarding physical appearances and trending skincare products is driving the growth of the global skincare tools market in the upcoming five years. Additionally, emergence of beauty and makeup tutorials is also influencing the younger generation toward makeup and skincare. Men and women are equally influenced toward skincare routines and social media trends are supporting their inclination toward it, thereby supporting the growth of the global skincare tools market in the next five years. Skincare tools are also highly in demand due to growing industry of on-demand beauty services. The consumers are rapidly adopting to the in-home beauty services that they can freely order at their own convenience. Additionally, recent situation of pandemic also added to the demand for the in-home beauty services thereby substantiating the growth of the global skincare tools market in the future five years. Furthermore, growing penetration online based services, and availability of ordering similar beauty services and increased usage of internet based devices and services is further aiding the growth of the global skincare tools market in the forecast years, until 2026. Technological advancement and innovative product launches by various market players is further expected to enhance the chances of robust growth of the global skincare tools market in the forecast period.
Skincare tools include bunch of products like trimmers, brushes, combs, hair care products like straighteners, curlers, manicure & pedicure tools etc. Technological advancement and innovative product development are one of the most influencing factors for the future of the global companies. Major market players like Teresa, Paris Presents, etc. have come up with innovative products, that are better for usability, have lesser toxic effects, and are more cost-effective.
The global skincare tools market is segmented on the basis of product type, purpose, distribution channel, competitive analysis, and regional distribution. Based on product type, the market is majorly fragmented into face care and body care. Face care tools and equipment are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years, on the account of surging demands toward better physical appearances. Moreover, the consumers are younger population that is highly influenced from social media, makeup artists, and entertainment industry. The influences for beauty standards are also supporting the usage and thus driving the growth of the global skincare tools market in the next five years.
Holding the major shares of the global skincare tools market are e.l.f. Cosmetics, Inc, Paris Presents, Inc, Dr. Dennis Gross Skincare LLC, Teresa Tarmey Skin Care Limited, Carol Cole Company, Inc. (NuFACE), Darsula Inc., FOREO Ltd, Nurse Jamie, Inc., ZIIP Inc., Beauty Bioscience, Inc., among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through Skincare tools. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global skincare tools market from 2016 to 2019.
- To estimate and forecast the market size of global skincare tools market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global skincare tools market based on product type, purpose, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global skincare tools market.
- To identify drivers and challenges for global skincare tools market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global skincare tools market.
- To identify and analyze the profile of leading players operating in global skincare tools market.
- To identify key sustainable strategies adopted by market players in global skincare tools market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global skincare tools market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to skincare tools
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
