The Beauty Tools Market is expected to register USD 97882.1 million by 2030 with a CAGR rate of 17.40% CAGR during the forecast period 2022-2030. The beauty products were tremendous from ancient times. The products are designed to enhance the individual's appearance. Examples of beauty tools widely used are brushes, comb, razors, hair-styling tools, sponges, puffs, etc. These tools are trending among the young generation. The increasing demand for beauty and makeup products increases the market growth. The availability of several makeup products and their application suitable for different skin types create ways for market growth. Moreover, the growing celebrity endorsement of the different beauty products enhances the market. The growing social media marketing and rising number of online influences are propelling the market growth.
Implementing advanced technologies in manufacturing beauty tools will positively impact market growth. COVID 19 impacted all the industries, causing a decline in the market value. Due to the pandemic, most of the population stayed at home at the beginning of it, and with time government implemented a lock-down, and everyone stayed at home for many days. All the special events got canceled, due to which the requirement for beauty treatment and styling decreased, leading to a decline in demand. The industries are growing more and more, increasing the market share. The emerging beauty and makeup tutorials, the trend of on-demand beauty services, and the presence of high influences on social media contribute to the Beauty Tools Market growth. However, low–quality beauty tools at a cheap cost which attract the consumers, can hinder the market growth in the future. Some people who use natural and organic products on their skin will decline in the market growth. The technological advancement in the has made beauty products more suitable. The availability of time-efficient and cost-effective tools creates ample growth opportunities for the market.
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The Beauty Tools Market is categorized into the distribution channel, end-user, and product type. Based on the type, the market is divided into hair care tools, manicure and pedicure tools, trimmers, razors, sponges and puffs, brushes & combs, and others. The hair care is sub-segmented into hair straighteners and flat irons, curling irons, hairdryers, and others. Hence, the hair care products will hold a high growth rate. The market is bifurcated into the household and commercial beauty tools by the end-user. The sub-segments of the distribution channel are store-based and non-store-based beauty tools.
The Beauty Tools Market is analyzed in Europe, Asia Pacific, North America, and the rest of the world. North America is expected to register a high growth rate in the forecast period. It held a 34.60% share in the worldwide value due to the high use of beauty tools by women. Europe is expected to be in the second position in the market as the region is experiencing more inclination toward utilizing beauty products and tools. The Asia Pacific is the fastest-growing region due to increasing expenditure on beauty products. Remain regions of the market are expected to hold high market value.
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