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Nail Art Printer Market size was valued at USD 710 million in 2023 and is anticipated to register a CAGR of 5.9% between 2024 to 2032, driven by rising social media influence.
With the rise of social media influence, there has been a surge in the number of people looking for new and creative ways to decorate their nails. This has created a huge demand for nail art printers, as they offer a quick and easy way to create intricate designs on nails. Additionally, increasing working women population and changing beauty trends across the globe also played a crucial role in the growth of the market.
Report Attribute | Details |
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Base Year: | 2023 |
Nail Art Printer Market Size in 2023: | USD 710 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.9% |
2032 Value Projection: | USD 1.18 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 177 |
Segments covered: | Type, End Users, Distribution Channel, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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According to the U.S. Bureau of Labor Statistics, the workforce participation rate for women in their prime working age hit an all-time high in June 2023, reaching 77.8%. As per the statistical office of the European Union, in 2022, the European Union employment rate for women at 69.3 %. Among the European Union Member States, the employment rate in 2022 ranged from 82.9 % in the Netherlands to 64.8 % in Italy.
Moreover, the increasing number of nail salons and beauty parlors across the globe has also contributed to the growth of the nail art printer market. There are more than 56,000 nail salons in the United States. These nail salons and beauty parlors are constantly looking for ways to offer new and innovative services to attract customers and stand out from the competition. Nail art printers allow them to offer a wider range of designs and cater to the diverse preferences of their clients.
As a result, with a combination of factors such as the increasing demand for unique and personalized nail art, increasing number of nail salons, and rise of social media influence propelling the market progression.
One of the major threats is the increasing competition from traditional nail art services, such as hand-painted designs. Many customers still prefer the personal touch and customization offered by these traditional services, making it difficult for the market to gain a strong foothold. Furthermore, the high cost associated with nail art printers is also a major threat for the market. These printers can be quite expensive, making it difficult for consumers to justify the purchase, especially when they can get similar results from traditional services at a fraction of the cost. With the right strategies and adaptations such as introducing new and advanced features in their machines to cater to the changing preferences of customers, there is still potential for manufacturers of nail art printer the industry to thrive.
Over the years, nail art has evolved from simple painted designs to intricate patterns and 3D designs. However, the latest trend in the world of nail art is the advancement of nail art printers such as connected smartphone apps. Creating a mobile app that allows users to easily select and customize nail art designs to be printed is now being adopted by many manufacturers.
Furthermore, incorporation of 3D printing technology has opened up a whole new world of possibilities for nail art enthusiasts. With 3D printing, intricate and detailed designs can be created, including raised patterns and textures. This adds a new dimension to nail art and allows for endless creativity. With the rise of advanced technology and the increasing demand for high-quality nail art designs, creating lucrative opportunities for manufacturers of nail art printers.
Based on type, the market can be segmented into desktop printers, portable printers. In 2023, The desktop nail art printer segment accounted business share of 70.6% in terms of value and is expected to generate a value of USD 810.7 million in 2032. The desktop nail art printer is compact and user-friendly printer allows users to easily print any design onto their nails with just a few clicks. The printer works by using specially formulated ink and a precise printing mechanism to transfer the design onto the nail.
The process is quick and mess-free, making it perfect for both beginners and experienced nail artists. Users can choose from a library of pre-loaded designs or create their own custom designs using the accompanying software. The software also allows for easy editing and resizing of designs, ensuring a perfect fit on any nail size and shape.
Based on end users, the nail art printer market is categorized into individual use, salons, nail studios. The nail studios segment led the market, generating around USD 321 million in 2023, and is anticipated to grow with a CAGR of 5.9% from 2024 to 2032. The market for nail art printers has been steadily growing, with more and more nail studios incorporating them into their services. Not only do these printers save time and effort for nail technicians, but they also offer a wider range of design options for clients. They have also opened a new opportunity for nail studios, as clients are willing to pay a premium for these unique and personalized designs. Nail art printers have revolutionized the nail industry, offering endless possibilities, efficiency, and advanced techniques, making it a must-have tool for any successful nail studio.
In 2023, Asia Pacific dominated the nail art printer market with a market share of 45% and it expected to reach a market value of USD 553.9 million by 2032. This growth can be attributed to the increasing popularity of nail art and the rise of social media platforms, which have made it easier for individuals to showcase their unique nail designs to a wider audience. Additionally, the availability of a wide range of nail art printer models with advanced features has also contributed to the market landscape.
These nail art printers enable users to print intricate designs and patterns on their nails with precision and ease. Moreover, the Asia Pacific region is home to some of the leading manufacturers of nail art printers, which has further fueled the market growth. These companies have been at the forefront of developing advanced nail art printers that cater to the specific needs and preferences of consumers in the region.
Key players involve in the market are Fingernails2Go, Funai Electric Co., Ltd., Nailgogo and O'2 Nails accounting market share of 15-20% in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These manufacturers are continuously emphasizing towards investing in the R&D activities, aiming to enhance their solution with innovative technology with updated features, thus resulting it to remain as a competitive player in market across the globe.
Major companies operating in the nail art printer industry include:
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Market, By Type, 2018 – 2032
Market, By End Users, 2018 – 2032
Market, By Distribution Channel, 2018 – 2032
The above information is provided for the following regions and countries: