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Industry Overview |
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Beauty Tools Industry Overview
The beauty tools and equipment are items used for enhancing the appearance of various parts of our body like hands, legs, nails, hair, face etc. Some of the important beauty tools are hairbrush, scissors, shaving tools, pedicure and manicure tools, make up equipment, etc. Most of these tools are used in beauty salons and spas. Generally these products are selected on the basis of their applicability and quality rather than their price. These products usually have very high profit margins. Major Products The various kinds of products manufactured by this industry can be divided into eight heads. These are as follows:
![]() The year 2004 showed tremendous growth in beauty tools and equipment market. Almost all beauty segments grew by 15-20% far outstripping the growth of other promising markets. The total current volume of the global beauty tools and equipment market is estimated at $6.2 billion dollars. Euromonitor business analysts forecast that the market will triple to $18 billion by 2010 with imported beauty tools and equipment and cosmetic products constituting 53 percent of the total market. Despite this, the market is currently less developed and offers definite potentials for many niche segments awaiting further development. Specialized beauty tools and equipment are now experiencing strong growth as consumers are now more discriminating due to the large marketing campaigns of major western beauty tools and equipment chains. Consumer awareness can be seen in the diversity of premium products being demanded and the numerous different formulas sought to improve skin tone and appearance. New niche brands of beauty tools and equipment are multiplying rapidly. Major Consumers The countries manufacturing beauty tools and equipments includes USA, UK, China and France. Most of the beauty tools and equipment are supplied in spas and salons and as, people will become more beauty conscious, the demand for tools in these countries will also rise as the treatments are done with the help of these tools. Global Trade Volumes and Trends The Beauty tools and equipment industry has shown massive growth potential in the recent few years. Presently Chinas beauty tools and equipment industry is the largest and fastest growing market for beauty tools and equipment. In China big salons and spas have reported 15% rise in their sales. The traditional markets of USA and UK are still vibrant, but new markets are also emerging all over the world. It has been estimated that there are more than 200,000 licensed beauty salons in USA alone and 127 million people visit them every month. The revenue of professional salon industry is rising at the rate of 6% annually. The main factors responsible for this growing trend are as follows:
Figure : Market Trends Future
ProspectsThe way the beauty tools and equipment accessories industry is growing, the trends for the future show that it will be one of the most profit making and luxurious industries in the world. The growing number of salons and spas around us give a peep in to the future of this industry. Most of the beauty tools and equipment are supplied in spas and salons and as, people will become more beauty conscious, the demand for tools will also rise as these treatments are done with the help of these tools. Earlier only the developed countries like USA, UK and France were considered as big markets for these products but now new markets are emerging fast and the best example in this regard is China where this industry is growing at a very rapid pace. According to an estimate there are around one million beauty salons, spas and clubs offering beauty and hair care treatments in China. Thus it can be guessed that there would be a great demand for furniture, tools and equipment used in these salons and spas in the near future. |
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