Business

Beauty Tools Market Size to Grow at a CAGR of more than 16%: the industry to witness negative impact due to COVID-19 spread

Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Beauty Tools market size is expected to grow at a CAGR of more than 16% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Beauty Tools market have been negatively impacted due to the COVID-19 pandemic resulted in an decrease in the growth of the market for 2020 and 2021.

The major factor impacting the growth of the Beauty Tools market includes increasing use of online shopping portal and rising demand for beauty product, among others.

The increase in the usage of online portal has increased the market of various sector. The pandemic has affected the offline sector market which gave major boost to online market. Part from these, online platform serves more variety of product at a very less rate comapared to store.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Beauty Tools market provides an in-depth analysis of key players which includes:

  • Procter and Gamble Company
  • Estée Lauder Companies Inc
  • L’Oréal SA
  • Shiseido Co. Ltd
  • Coty, Inc
  • l.f. Cosmetics, Inc
  • Avon Products, Inc
  • Paris Presents Incorporated
  • Moët Hennessy – Louis Vuitton (LVMH)
  • Edgewell Personal Care
Parameters Details
Market Size (2020) $Bn
CAGR (2021 to 2028) More than 16%
Market Segmentation Type, End Use, Distribution Channel
Companies profiled Procter and Gamble Company, Estée Lauder Companies Inc, L’Oréal SA, Shiseido Co. Ltd, Coty, Inc, e.l.f. Cosmetics, Inc, Avon Products, Inc, Paris Presents Incorporated, Moët Hennessy – Louis Vuitton (LVMH), Edgewell Personal Care
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

 

The global Beauty Tools Market is segmented based on Type, End Use, and distribution channel. On the basis of type, the market is segmented as Hair Care {Hair Dryers, Curling Irons, Straighteners & Flat Irons and others}, Razors, Trimmers, Brushes & Combs, Manicure & Pedicure Tools {Nail Cutter, Cuticle Pusher & Nipper, Nail File and others}, Tweezers, Sponges & Puffs and Others. Based on the End Use, the market is segmented as Household and Commercial. And based on the distribution channel, the market is analyzed across the Store-Based and Non-Store-Based.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Beauty Tools Market
  • Value Chain Analysis of Global Beauty Tools Market
  • What is the CAGR of the global Beauty Tools Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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