The Pedicure Unit Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pedicure unit refers to the equipment used in pedicure procedures to clean, exfoliate and groom feet. These units usually have integrated jet systems for water circulation and come with attachments such as callus shavers, foot files and pumice stones. Pedicure units are gaining popularity in both professional salons as well as home use due to growing emphasis on self-care and foot hygiene. Advanced pedicure units also have massage functionality to relax feet and ankles.
Market Dynamics:
One of the major drivers for the pedicure unit market is the increasing awareness regarding foot care and hygiene. Our modern sedentary lifestyles have increased prevalence of foot problems such as heel cracking, calluses and infections. Regular pedicure procedures help to maintain good foot health through exfoliation of dry skin and removal of dead cells. Growing number of professional nail and beauty salons globally is also fueling demand for technologically advanced pedicure units. This is further accentuated by rising personal disposable incomes and willingness of consumers to spend on self-care and grooming services. However, high price point of premium pedicure units remain a key challenge, especially in price-sensitive developing markets.
The global pedicure unit market is highly competitive with presence of several international and domestic players. Key companies operating in this market include Belava, Lexor, Luraco, Gharieni, Living Earth Crafts, Smock Spa, Gamma & B
Segment Analysis
The global pedicure unit market is dominated by the professional salons segment. This segment accounts for over 60% market share owing to rising number of professional salons globally. Availability of advanced professional pedicure units with additional features like massage rollers and hot towels makes them ideal for commercial use in salons. Additionally, changing lifestyle and growing demand for comfort and self-care have encouraged people to opt for salon pedicures on regular basis.
PEST Analysis
Political: Regulations regarding use of certain chemicals in spa treatments are becoming stringent in various countries, which may impact product innovation.
Economic: Rising disposable incomes and growing preference for self-care and spa treatments are driving demand. Additionally, working women population has increased considerably over last few years in developing nations.
Social: With rising awareness about beauty and wellness, people are inclined to spend more on spa treatments. Busy work schedules have further encouraged visits to professional salons for personal grooming services.
Technological: Product manufacturers are developing advanced units integrated with features like heating, massage rollers, LED lights etc. incorporation of IoT and app-based connectivity is also gaining traction.
Key Takeaways
Global Pedicure Unit Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing preference for spa treatments and on-demand services. The market was valued at US$ 1.29 billion in 2023.
Regional analysis indicates North America currently holds largest share due to high number of professional beauty salons. APAC region is projected to witness fastest growth in upcoming years led by booming wellness industry in India and China. With rising health consciousness in middle class, more women are opting for routine pedicure services.
Key players operating in the pedicure unit market are Belava, Lexor, Luraco, Gharieni, Living Earth Crafts, Smock Spa, Gamma & Bross, Kalopi, Bows Beauty, Shedrain. Brands are focusing on new product innovations integrated with latest massage technologies to enhance customer experience. For example, Belava launched ‘Maximus Pro’ pedicure spa chair with additional leg massage functions.
Read More- https://www.ukwebwire.com/pedicure-unit-market-demand-value-and-forecast-analysis/