Globally, the Nail Art Tools Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as rising number of nail care salons and spas across the globe, high focus on personal appeal, growing adoption of personal grooming products, and rising popularity of nail art are expected to drive global market growth between 2022 and 2028.
Nail art is one of the latest additions to the fashion industry. It is a form of art in which fingernails and toenails are painted and decorated with various attractive designs and patterns. Changing lifestyle patterns, high focus on grooming and trying different designs on nails have resulted in increasing demand for nail art tools. Various types of nail art tools and accessories are used for painting, decorating, and embellishing nails. Some of the commonly used tools include nail art stickers, dotting tools, striping tools, loose glitters, stamping kits, topcoats and basecoats, tweezers, rhinestones, bullion beads, and nail art brushes.
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Factors such as rising availability of nail art tools across online and offline platforms, growing social media influence, and increasing research and development activities to develop and launch novel nail art tools are expected to drive global market growth during the forecast period.
However, high prices of some nail art tools, low awareness about skincare regimens and personal grooming in many emerging countries, and dearth of skilled nail technicians are some key factors that can hamper overall market growth during the forecast period.
Decorative Type Segment To Register Rapid Revenue CAGR:
The decorative type segment is expected to register rapid revenue growth over the forecast period. Factors such as increasing popularity of nail art due to social media and celebrity influence, changing fashion trends, and growing preference for decorating nails with attractive colors, stones, and glitters are expected to drive segment revenue growth during the forecast period.
Commercial Segment to Account for Largest Revenue Share:
The commercial segment is expected to account for largest revenue share between 2022 and 2028. This can be attributed to increasing number of nail art studios and spas worldwide, rising popularity of nail art, presence of skilled nail technicians, rising availability of various types of nail art tools, increasing individual spending capacity, and growing preference for home salon services.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing focus on personal appeal and grooming, rising number of product launches, presence of leading nail art tool manufacturers, and rising availability of various nail art tools on online and offline stores. In addition, growing social media influence and rising investments in developing innovative nail art tools are expected to boost global market growth going ahead.
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Nail Art Tools Market By Company:
The global nail art tools market has been segmented based on type, application, and region:
Nail Art Tools Market Segment by Type:
Repair TypeDecorative Type
Nail Art Tools Market Segment by Application:
Home UseCommercial Use
Nail Art Tools Market Segment by Region:
North America (USA, Canada, Mexico)Europe (Germany, France, UK, Italy, Russia, Rest of Europe)Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)South America (Brazil, Argentina, Columbia, Rest of South America)Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Key Reasons to Purchase:
Estimates 2022 to 2028 nail art tools market current market trends and development trendsMarket dynamics along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the nail art tools marketCompetitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five yearsComprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market playersBrief about impact of COVID-19 on the global nail art tools market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?Which key players are leading in the global nail art tools market?What is the expected market size of the global nail art tools market between 2022 and 2028?What factors are expected to open new growth avenues and opportunities for existing and emerging market players?What are some of the key challenges that the global market is expected to face during the forecast period?Which region is expected to account for largest revenue share over the forecast period?
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