Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The nail art printer market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The usage of nail art printers is swiftly penetrating into residential and commercial sectors owing to the rising preference among women for beauty and personal care products, which in turn is expected to drive market growth. The increasing preference towards the usage of nail art printers at fashion stores, spa centers, nail salons, hair salons, beauty parlors, and wedding studios is also expected to fuel the progress of this market in the upcoming years.
The market is segmented by type into stamping printers and built-in computer printers, out of which, the stamping printer segment holds significant market share due to the product being available at a reasonable and affordable price range.
Based on application, the commercial segment in the global nail art printer market is projected to grow with a significant CAGR over the forecast period. The segment's growth can be connected to the fact that most people prefer the service provided by commercial places as it is known to be of better quality than the residential one. CLICK TO DOWNLOAD SAMPLE REPORT
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in Europe is predicted to grow at the highest CAGR over the forecast period due to the booming growth of the cosmetic industry. Furthermore, the United Kingdom and Italy are home to many market players who constantly push beauty products to reap sales through consumers’ impulsive buying behavior. The introduction of products with intensified ease and value-added features, such as instant print, is appreciated by consumers leading a demanding lifestyle in the region. Moreover, North America's market is evaluated to occupy the largest share in terms of revenue, owing to the growing nail salon industry in the region. Additionally, the market in Asia Pacific region is anticipated to provide ample growth opportunities owing to the increasing nail art demand in the region as nail art has been a part of traditional Japanese culture.
The global nail art printer market is further classified on the basis of region as follows:
Our in-depth analysis of the global nail art printer market includes the following segments:
By Application
FREQUENTLY ASKED QUESTIONS
Increasing preference for beauty routine among the women is a major factor driving the growth of nail art printer market.
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
High cost of nail art printer machine and rising maintenance cost will hamper the growth of the nail art printer market in the forecast period.
The market in Asia Pacific region will provide ample growth opportunities owing to the increasing nail art demand in the region as nail art has been a part of traditional Japanese culture.
The major players dominating the nail art printer market are Funai Electric Co. Ltd., Guangzhou Taiji Electronic Co. Ltd, Amy Beauty Equipment, Shenzhen Tuoshi Network Communications Co. Ltd, and Koizumi Seiki Corporation.
The company profiles are selected on the geographical presence of the company which determine the revenue generating capacity and the new products being launched into the market by the company.
The market is segmented by type, application, distribution channels and region.
With respect to type segment, stamping printer holds the major share due to the product having an affordable price. It is used in commercial and household purpose.
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