Pedicure Unit Market Is Estimated To Witness High Growth |...

Pedicure Unit Market Is Estimated To Witness High Growth

Posted 2023-12-05 11:00:56

The 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 2023-2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis:
Strength: Pedicure Unit Market offer hygienic, convenient, and time-saving solution for professional toenail treatment. These units come equipped with polishers, drills, lavage system and other features to make pedicure experience efficient. Growing demand for self-pedicure solutions at home or spas is fueling the growth.
Weakness: High initial investment for professional pedicure units limits their adoption. Lack of trained professionals for operating advanced units may also restrict the market growth.
Opportunity: Rising health and beauty consciousness among population opens new growth avenues. Increasing disposable income allows consumers to frequently avail pedicure services. Growing medical pedicure trend for treating foot conditions broadens the application scope.
Threats: availability of cheaper alternatives like manual tools threatens the demand. Economic slowdowns can discourage the non-essential expenditure on pedicure units.
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 focus on self-grooming and personal care.
Regional analysis: North America dominates the pedicure unit market currently owing to presence of major manufacturers. Asia Pacific is estimated to showcase the fastest growth rate during the forecast period owing to rising disposable income of middle-class population facilitating frequent spa visits and self-grooming in the region.
Key players: Key players operating in the Pedicure Unit market are Belava, Lexor, Luraco, Gharieni, Living Earth Crafts, Smock Spa, Gamma & Bross, Kalopi, Bows Beauty, Shedrain. These players are focusing on new product launches and strategic collaborations to strengthen their market presence.