The beauty instrument industry has seen significant growth in recent years due to the increasing demand for skincare and personal grooming products. The industry includes various types of beauty instruments such as facial cleansing brushes, facial steamers, hair removal devices, and anti-aging devices.
According to a report by MarketsandMarkets, the global beauty instrument market size is expected to reach $78.9 billion by 2025, growing at a CAGR of 7.5% during the forecast period. The growth can be attributed to the increasing demand for non-invasive beauty treatments, technological advancements in beauty instruments, and rising awareness about personal grooming and skincare.
In terms of regional analysis, Asia-Pacific is expected to witness significant growth in the beauty instrument industry due to the increasing urbanization, rising disposable income, and growing awareness about personal grooming and skincare. North America and Europe are also expected to witness significant growth due to the increasing demand for non-invasive beauty treatments and the availability of advanced beauty instruments.
In conclusion, the beauty instrument industry is expected to witness significant growth in the coming years due to the increasing demand for personal grooming and skincare products, technological advancements, and rising awareness about non-invasive beauty treatments.
1, The current situation of beauty instrument industry
With the increase of income and the continuous improvement of aesthetic requirements, the public awareness of beauty is becoming more and more intense, and the medical beauty industry has become a major consumer hotspot. In recent years, with the rapid development of laser beauty technology, safe and fast laser beauty instruments can significantly meet the needs of consumers and attract a large number of potential consumer groups.
From 2014 to 2019, the global laser beauty equipment grew rapidly, but compared with the medical beauty industry, the scale is still relatively small. In 2014, the global sales scale of laser beauty equipment was only $750 million. In 2019, the global sales volume of laser beauty equipment was about $1.74 billion.
China has become the world’s main laser beauty instrument production and consumer market. In 2019, the market size of China’s laser beauty instruments was about 2.76 billion yuan, and the preliminary estimate of the market size in 2020 was about 2.98 billion yuan, with a year-on-year growth of 7.97%.
About 60 percent of them are used in medical beauty facilities, 33 percent in beauty salons, and 7 percent in household collars. In 2016, the market scale of laser beauty equipment in China’s beauty salons exceeded 500 million yuan, and by 2019, the market scale of laser beauty equipment in China’s beauty salons has increased to 950 million yuan.
2, The future development prospects of beauty instrument
With the deepening of people’s cognition of laser medical beauty, the market demand for laser medical beauty is increasing. The high profitability and high growth of the medical beauty industry has also attracted the attention of the capital field. Domestic laser enterprises to achieve high and medium power laser, laser stability and accuracy and other key technology breakthroughs, reduce the cost of laser medical equipment production. Laser beauty has become a new trend in the development of the beauty industry, data show: China has become one of the world’s main producers of laser beauty equipment. With the progress of science and the development of laser technology, laser beauty instrument is developing towards high performance, intelligence, miniaturization and specialization.
Now, the new generation of consumers born in the 1990s and Generation Z are becoming the mainstay of society. Young consumers pay attention to consumption experience, have higher requirements for appearance level, personalization and quality of life, and are sensitive to words such as beauty skin and makeup. Home beauty machines are fast becoming the new toys in young consumers’ cosmetic bags thanks to their “skin beauty” function.