Global hair removal market is gaining impetus primarily due to increasing awareness about personal grooming. Since the past few years this market has been growing tremendously and this growth is expected to continue in the years to come. The global hair removal market is likely to witness neck-and-neck competition between the top players to grab a strong position in the industry.
After examining this market in detail, QY Research has come up with a new report titled, “Global Hair Removal Device Market Report, History and Forecast 2014-2025,” for the projected period of 6-years, i.e. during 2019- 2025. According to this report, the global market for hair removal was valued US$ 520 Mn in 2018 and is expected to obtain the value of US$ 950 Mn by 2025 end, registering a robust growth rate of 8.9% throughout the forecasted period.
Global Hair Removal Market- Dynamics
The awareness about personal grooming has remarkably increased in the last few years. Not only women but men have also become aware and are giving emphasis on aesthetic beauty. This factor is helping in boosting the growth of the global hair removal market. Growing disposable income and thereby rising purchasing power is creating a positive impact on the growth of the market. High efficiency and easy availability of various devices used for hair removal is another factor which is swelling the growth of the market for hair removal. Hair removal devices are convenient to use and relatively less painful than other hair removal processes such as waxing, razors and manual trimming. This factor has increased the demand for hair removal products across the globe, which is ultimately responsible for the growth of the hair removal market.
North America to Dominate the Global Hair Removal Market Throughout the Projected Period
In the historical period, North America was a dominant region and is expected to continue its dominance over the forecasted period. The reason behind this dominance is the high preference of consumers towards the new fashion trend of hairless body. Availability of skilled dermatologists and the rising popularity of hair removal treatments are two primary factors which are fuelling the growth of the market in the Europe region. Asia Pacific region is likely to show remarkable growth during the forecasted period because of growing disposable income and increasing demand for pocket-friendly hair removal devices. Growing consciousness about beauty is another reason which is propelling the growth of this market in the Asia Pacific region.
Global Hair Removal Market- Segmental Analysis
On the basis of product type, the global market for hair removal is segmented into Laser & IPL and epilators, while based on the application the market is segmented into commercial use and at-home use. It has been witnessed that the demand for IPL & laser segment is much higher than other products. Long lasting effect and high efficiency are the two factors which are responsible behind the growth of laser and IPL segment.
Global Hair Removal Market- Competitive Analysis
This market is competitive in nature however the concentration is relatively high. A bunch of top brands has occupied the largest share of the market. Almost each and every key player is offering innovations in technologies to lure the consumers. Some of the key players operating in the global hair removal market are Ya-Man, Philips, POVOS, Panasonic, GSD, Braun, Epilady, Flyco, iluminage, Tira, Silk’n and Remington
Full Report Overview@ https://www.qyresearch.com/index/detail/1076219/global-hair-removal-device-market