The global 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 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A pedicure unit is a specialized chair or machine used by pedicurists and manicurists to perform pedicures or foot treatments. It usually includes features such as foot bath tubs, massagers, foot rollers for exfoliation. Some advanced units also have other special features like heated massage rollers, ionic foot detox function and automatic settings for complete pedicure treatments. These units help in giving relaxing and revitalizing pedicure treatments to clients. They also help pedicurists in performing the treatments efficiently by incorporating specialized massage and exfoliating functions.
Market key trends:
One of the key trends in the pedicure unit market is the increasing adoption of multifunctional pedicure units with advanced features. Manufacturers are focusing on development of units that provide complete pedicure treatments with integrated functions like foot spas, massagers, scrubbers etc. This reduces treatment time and improves salon efficiency. There is also a rise in demand for portable pedicure units that can be used for home pedicures or mobile salon services. Touchscreen controls and wireless connectivity in high-end units is another trend being observed.
Porter’s Analysis:
Threat of new entrants: Low. High capital requirements and the need for technical skills are barriers to entry for new companies.
Bargaining power of buyers: Moderate. The presence of many suppliers/manufacturers provides buyers with alternatives.
Bargaining power of suppliers: Moderate. While materials and components are available from multiple suppliers, some suppliers have differentiated products.
Threat of new substitutes: Low. There are few products that can substitute for specialized pedicure equipment.
Competitive rivalry: High. The market has many small and large players worldwide vying for market share.
Key Takeaways:
The Global Pedicure Unit Market Growth is expected to witness high, exhibiting CAGR of 7.9% over the forecast period, due to increasing demand for pedicure services from salons and spas. The market size for 2023 is US$ 1.29 Bn.
Regional analysis: North America dominates the pedicure unit market currently owing to increased demand in countries like the US and Canada. Asia Pacific is expected to exhibit the fastest growth over the forecast period due to rising disposable incomes in developing countries such as China and India.
Key players: Belava, Lexor, Luraco, Gharieni and Living Earth Crafts are some of the leading players operating in the pedicure unit market. They offer innovative product range and target both commercial and domestic user segments.
Key players operating in the pedicure unit market are Belava, Lexor, Luraco, Gharieni, Living Earth Crafts, Smock Spa, Gamma & Bross, Kalopi, Bows Beauty, Shedrain.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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