The nail art printer market report by Transparency Market Research (TMR) states that the global market for nail art printer is prognosticated to reach a value of US$ 1.20 Bn by the end of 2031. This aside, the nail art printer market analysis by TMR notes that the market is projected to grow at a CAGR of 6.2% during the forecast period from 2022 to 2031.
Nail art printers are being utilized globally for commercial as well as residential purposes. Players in the nail art printer market are prognosticated gain lucrative prospects during the forecast period from the commercial segment of the market owing to rising product demand from commercial service providers from across the globe such as beauty parlors, fashion stores, and nail salons. This aside, the market is projected to gain profitable avenues in the near future owing to increase in the number of nail care professionals and nail salons in order to fulfil rising demand for such services with increasing global population.
Nail Art Printer Market: Key Findings
- Leading nail art printer market players are investing in researches that are focused on the development of innovative nail art printers, 3D nail printer machines, automatic nail art machines, and nail art accessories and tools. Such initiatives are prognosticated to help companies in the expansion of their product portfolios. Furthermore, companies are utilizing different strategies including mergers and acquisitions in order to maintain their leading positions in the highly intense competition levels of the global nail art printer market, according to analysts at TMR.
- With rising perpetration of mobile phones, the Internet, and social media across major developed and developing countries globally, there has been a surge in the inclination of female population on spending more money on their appearance and personality improvement. This factor, in driving the sales growth in the global nail art printer market.
- Major beauty salons across the globe are seen incorporating advanced nail art technologies including varied advanced and best nail art printers in order to provide best services to their customers. Such factors, in turn, are helping in the rapid expansion of the global nail art printer market.
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Nail Art Printer Market: Growth Boosters
- Rising popularity of anime-inspired Japanese nail art is leading to lucrative opportunities in the market
- Increase in acceptance of western lifestyles among the female populace globally is propelling the market
Nail Art Printer Market: Regional Analysis
- Asia Pacific is prognosticated to maintain its prominent position in the global nail art printer market during the forecast period. Some of the key factors making Asia Pacific a leading market region include the presence of many leading nail art printer manufacturing nations including China and Japan in the region and low prices of nail art printers in several Asian nations.
- Players are anticipated to gain sizable business prospects in Europe and North America during the forecast period owing to a rise in the demand for nail art printers in several developed nations of these regions as the understanding pertaining to the cosmetic and esthetic care such as nail care is being increasing
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Nail Art Printer Market: Key Players
Some of the key players profiled in the report are:
- Auto Nail
- Amy Beauty Equipment
- FUNAI ELECTRIC CO., LTD.
- Create Beauty Technology Company Limited
- Koizumi Seiki Corporation
- Guangzhou Taiji Electronic Co., Ltd.
- Qingdao Magnetic Digital Co., Ltd.
- YINGHE ELECTRONIC INSTRUMENTS CO.,LTD
- Shenzhen Tuoshi Network Communications Co., Ltd.
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