by The global Pedicure Unit Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pedicure units are used to offer pedicure treatments in spas and salons. The electric pedicure units come with foot basins, massagers and other tools to massage and clean feet for relaxing self-care.
Market key trends:
One of the major trends in the pedicure unit market is the rising demand for multifunctional units. The manufacturers are focusing on developing innovative pedicure units that offer multiple features like massage, exfoliation and skin care tools in a single unit. This saves space and time for spas as well as provides a complete pedicure treatment solution using just one machine. Many units now come equipped with massage rollers, brushes and T-shaped tools to perform all pedicure steps efficiently.
SWOT Analysis:
Strength: The pedicure unit market is expected to witness steady growth owing to growing demand for painless and hygienic pedicure treatments. Technological advancements in pedicure units allow for efficient, easy-to-use features.
Weakness: High costs associated with premium pedicure units can limit their adoption. Availability of cheaper alternatives like salon services also poses competition.
Opportunity: Increasing health and beauty consciousness among consumers open up opportunities for new product innovation and customized pedicure solutions. The untapped potential in developing markets offers room for expansion.
Threats: Emergence of do-it-yourself pedicure kits and restrictions during pandemic may negatively impact the professional pedicure industry and pedicure unit sales. Economic slowdowns can reduce discretionary spending on personal care.
Key Takeaways:
The Global Pedicure Unit Market Demand is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing demand for self-care products and portable grooming solutions. North America currently dominates the market owing to high consumer spending on personal care and esthetic treatments.
Regional analysis
The Asia Pacific region is expected to be the fastest growing market for pedicure units. Rapid economic development, rising living standards, growing health and skincare industry are driving the demand in the region. China occupies a major share in the region supported by huge population and increasing purchasing power.
Key players operating in the pedicure unit market are Belava, Lexor, Luraco, Gharieni, Living Earth Crafts, Smock Spa, Gamma & Bross, Kalopi, Bows Beauty, Shedrain. Major players are focusing on building their brand presence through new product launches and marketing campaigns. They also engage in strategic collaboration with salons and spas to boost sales.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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