Selbyville, Delaware, June 16, 2021 (GLOBE NEWSWIRE) –
According to the latest report Personal Care Appliance Market by Product (Hair Care, Hair Removal, Oral Care), Power Supply (Battery Operated, Electric), Sales Channel (Online, Retail), Regional Outlook, Price Trends, Share competitive market forecast and 2027 forecasts ”, by Global Market Insights Inc., on commercial valuation of personal care devices will exceed $ 30 billion by 2027.
The growth of the market is attributed to the increasing popularity of beauty and personal health care products. Growing awareness of the benefits of personal care devices in Asian and Latin American countries is driving the expansion of the market.
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The COVID-19 pandemic in 2020 has had negative impacts on the personal care device market, resulting in several challenges. However, movement restrictions have increased online sales of personal care devices. According to the survey conducted by UNCTAD and other associations in 2020, online shopping has increased by six to ten percent. The market is expected to show rapid growth by the end of 2021 with a trend for personal grooming to amplify.
The oral irrigators segment in the personal care devices market is expected to grow at a significant rate during the forecast period owing to the high prevalence of dental caries globally. The growing awareness of oral irrigator among patients suffering from cavities, plaque, gum disease and oral cancer will fuel the market demand for oral care products. Technological advancements and modernizations in the design and features of oral irrigators will propel the demand for these oral care products.
The European personal care device market will experience substantial growth through 2027 due to the presence of established market players and early adoption of electric personal care devices. In addition, regulations such as the European Union Ecodesign Directive oblige market players to develop products with low energy consumption, in addition to the acceptance of battery-powered personal care devices in the market. this region.
Active market leaders are Havells India Limited, Conair Corporation, Colgate Palmolive Company, Panasonic Corporation, KoninKlijke Philips NV, Procter & Gamble Company, Spectrum Brands Inc., Ragalta USA and Group SEB. These companies focus on organic and inorganic strategies to influence their market presence on a global scale.
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Some of the key findings of the Personal Care Device Market report include:
- Growing urbanization and rising disposable income in Asia Pacific, Latin America and the Middle East are increasing the demand for personal care devices.
- Emergence of new market players and use of low price strategy will increase market value in APAC and Latin America
- The growing demand for electric toothbrushes and oral irrigators due to the growing importance of oral health care among consumers will drive the growth of the oral care segment. The AI powered oral irrigator will create opportunities for industry growth.
- In response to the high demand for battery-powered styling products, manufacturers are developing wireless devices with long battery life and adding technologically advanced features for convenience.
- Market leaders focus on new product development and aim for strategic mergers and acquisitions to accelerate international expansion and growth.
Table of contents (ToC) of the report:
Chapter 3 Personal Care Device Market Overview
3.1 Industry segmentation
3.2 Impact of COVID-19
3.2.1 Global outlook
3.2.2 Regional impact
3.2.3 Industry value chain
22.214.171.124 Research & development
3.2.4 Competitive landscape
3.3 Industry Ecosystem Analysis
3.3.1 Component suppliers
3.3.3 Analysis of distribution channels
3.3.4 End-use landscape
3.3.5 Supplier matrix
3.4 Technology and innovation landscape
3.5 Regulatory landscape
3.6 E-Commerce Industry Outlook, 2020
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.2 Pitfalls and challenges of the industry
3.8 Analysis of growth potential
3.9 Porter’s analysis
3.10 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, offering syndicated and personalized research reports as well as consulting services growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.