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Store-based Retail to Lead Global Beauty Devices Market till 2024 – Research

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Global Beauty Devices

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.

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.

According to TechSci Research report  “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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Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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