Home-Use Beauty Devices Market by Type, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600413
  • Report
  • Region: Global
  • 122 pages
  • P&S Market Research
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Global home-use beauty devices market is expected to reach $16.7 billion by 2023,

The market is mainly driven by increasing inclination of consumers toward easy-to-use home-use beauty devices, rising prevalence of skin diseases, growing appearance consciousness in people and awareness about these devices, expanding product portfolio of market players, and surge in disposable income.

Insights on market segments

Based on type, the home-use beauty devices market for anti-aging is expected to reach $3.9 billion by 2023, registering a CAGR of 21.7% during the forecast period. As stated by the United Nations (U.N.), in 2017, there are around 962 million people aged 60 or above, comprising 13% of the global population. The population aged 60 or above is growing at a rate of about 3% every year. Thus, various beauty-related problems associated with aging, such as wrinkles, loosening of the skin, increase in facial hair, and drooping eyebrows and eyelids, are contributing to the market growth of this category.

The European market is projected to outpace the North American market during the forecast period

During the forecast period, the European home-use beauty devices market is expected to outpace the North American home-use beauty devices market, on account of rising geriatric population, increasing prevalence of hair- and skin-related diseases, and introduction of specialized hair regrowth devices in addition to apps that educate consumers on the usage of such devices.

The prevalence of androgenetic alopecia (hair loss) is reportedly higher in the European population as compared to the Asians, Native Americans, and African-Americans. The introduction of specialized hair regrowth devices in Europe has witnessed increased adoption by people, as problems such as hair loss are more common among Europeans as compared to the people in other regions. Besides, France is considered the fashion-hub of the world and is home to some of the renowned fashion brands. L’Oreal SA is one such brand based in France that commercializes cosmetics and home-use beauty devices.

Market players are focusing on strategic acquisitions to expand their business

In order to increase their market share, key players in the home-use beauty devices industry are acquiring other companies operating in the domain. For instance, in May 2018, L'Oréal SA (L'Oréal) announced 100% acquisition of Nanda Co. Ltd., a Korean lifestyle make-up and fashion company. With this acquisition, L'Oréal plans to expand the sales of the 3CE cosmetics brand, internationally. The company expects to complete the transaction in two months, after receiving customary regulatory approvals.

Furthermore, in March 2018, the company completed its previously announced acquisition of ModiFace Inc., a provider of augmented reality and artificial intelligence in the beauty industry. The acquisition is in line with L'Oréal's digital acceleration strategy to integrate these technologies in its 34 international brands in order to enhance customer experience with the brand.

Some of the other key players operating in the home-use beauty devices market are Nu Skin Enterprises Inc., TRIA Beauty Inc., Home Skinovations Ltd., The Procter & Gamble Company, iluminage Beauty Inc., Koninklijke Philips N.V., Spectrum Brands Holdings Inc., YA-MAN LTD., MTG Co. Ltd., and Carol Cole Company.
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Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Geography
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Introduction
4.1.1 By Type
4.1.1.1 Hair Removal Devices
4.1.1.2 Anti-Aging Devices
4.1.1.3 Cleansing Devices
4.1.1.4 Hair Growth Devices
4.1.1.5 Cellulite Reduction And Body-Toning Devices
4.1.1.6 Acne Elimination Devices
4.1.1.7 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Introduction Of Compact Devices
4.2.1.2 Rising Penetration Of Market Players In Home-Use Devices For Men Category
4.2.2 Drivers
4.2.2.1 Increasing Inclination Of Consumers Toward Easy-To-Use Home-Use Beauty Devices
4.2.2.2 Increasing Prevalence Of Skin Diseases
4.2.2.3 Growing Appearance Consciousness In People And Awareness About Home-Use Beauty Devices
4.2.2.4 Expanding Product Portfolio Of Market Players For Home-Use Beauty Devices
4.2.2.5 Surge In Disposable Income
4.2.2.6 Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraints
4.2.3.1 Risks Associated With Home-Use Beauty Devices
4.2.3.2 Easy Availability Of Cheaper Traditional Beauty Products
4.2.3.3 High Cost Of Home-Use Beauty Devices
4.2.3.4 Impact Analysis Of Restraints On Market Forecast
4.2.4 Opportunities
4.2.4.1 Emergence Of Multi-Functional Devices
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Intensity Of Rivalry
4.3.4 Threat Of New Entrants
4.3.5 Threat Of Substitutes

Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Country
6.2.1 U.S. Home-Use Beauty Devices Market
6.2.1.1 By Type
6.2.2 Canada Home-Use Beauty Devices Market
6.2.2.1 By Type

Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Country
7.2.1 Germany Home-Use Beauty Devices Market
7.2.1.1 By Type
7.2.2 France Home-Use Beauty Devices Market
7.2.2.1 By Type
7.2.3 Italy Home-Use Beauty Devices Market
7.2.3.1 By Type
7.2.4 Spain Home-Use Beauty Devices Market
7.2.4.1 By Type
7.2.5 U.K. Home-Use Beauty Devices Market
7.2.5.1 By Type

Chapter 8. Asia Market Size And Forecast
8.1 By Type
8.2 By Country
8.2.1 China Home-Use Beauty Devices Market
8.2.1.1 By Type
8.2.2 Japan Home-Use Beauty Devices Market
8.2.2.1 By Type
8.2.3 India Home-Use Beauty Devices Market
8.2.3.1 By Type

Chapter 9. Latam Market Size And Forecast
9.1 By Type
9.2 By Country
9.2.1 Brazil Home-Use Beauty Devices Market
9.2.1.1 By Type

Chapter 10. Row Market Size And Forecast
10.1 By Type

Chapter 11. Competitive Landscape
11.1.1 Product Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Mergers And Acquisitions
11.2.2 Product Launches
11.2.3 Other Development

Chapter 12. Company Profiles
12.1 Nu Skin Enterprises Inc.
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 Tria Beauty Inc.
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.3 Home Skinovations Ltd.
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.4 The Procter & Gamble Company
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 Iluminage Beauty Inc.
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.6 Koninklijke Philips N.V.
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Spectrum Brands Holdings Inc.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Ya-Man Ltd.
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Mtg Co. Ltd.
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Strategic Growth Plans
12.1 Carol Cole Company
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.11 L’Oréal Sa
12.11.1 Business Overview
12.11.2 Product And Service Offerings
12.11.3 Key Financial Summary
12.11.4 Strategic Growth Plans

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
13.3 Related Reports
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