In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. 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.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions | LOB
Copyright © 2021 Research Nester. All Rights Reserved
