Store-based Retail to Lead Global Beauty Devices Market till 2024
Growing
beauty consciousness along with rising awareness about beauty devices to drive
global beauty devices market through 2024
According to TechSci Research
report, “Global
Beauty Devices Market By Purpose, By Distribution Channel, By Region, By
Company, Competition, Forecast & Opportunities, 2024”,
global
beauty devices market is projected to grow at a steady pace during 2019-2024, on
the back of rapid innovations in the skin care and hair care related industry.
Moreover, growing consumer demand for portable devices with high battery backup
is further positively impacting the growth of the beauty devices market.
Additionally, increasing demand for high-quality skin care and hair care
devices and the speedily growing online stores are some other factors that are
anticipated to contributing to the growth of beauty devices market during the
forecast period. Also, the increasing demand for devices used in the treatment
of skin diseases such as acne, psoriasis, and atopic dermatitis has been
crucial in expanding the market’s operation.
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In terms of distribution channel, the beauty devices market
is categorized into store-based retail and non-store-based retail. Store-based
retail accounted for the majority share of global beauty devices market in
2018. Non-store-based retail is also witnessing a healthy growth owing to
growing popularity of the e-commerce market. Moreover, e-commerce and
technology are transforming this category with new user experiences, where
luxury brands and small start-ups alike are racing to embrace e-commerce,
making this channel even stronger.
In terms of region, the
global beauty devices market is categorized into North America, Asia-Pacific,
Europe, Middle East & Asia and Latin America. The market for beauty devices
in North America was the largest in 2018 on account of presence of major
manufacturers in the region and availability of a greater number of products in
the region. Among the countries in the North America, US beauty devices market
accounted for more than half of the North America beauty devices market in
2018. The growth US beauty devices market is majorly due to the wide acceptance
of technologically advanced products and the presence of major industry players
in the country.
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“Global beauty devices market is anticipated to register a
steady growth during forecast period. The growth in the market is led by technological
advancements and rising beauty consciousness among women across the globe.
Moreover, increasing air pollution levels along with rising concentration of
pollutants in the air is resulting in various skin problems such as skin
ageing, pigmentation, etc., which would further steer growth in global beauty
devices market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Beauty
Devices Market By Purpose, By Distribution Channel, By Region, By Company,
Competition, Forecast & Opportunities, 2024”, has evaluated the future
growth potential of global beauty devices market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in global beauty devices market.
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