Beauty Devices Industry Statistics

In this post, we will explore key statistics shaping the global beauty devices industry. From the market’s impressive value in 2020 to projected growth rates across regions and device segments, we uncover the significant trends driving this thriving sector.

Statistic 1

"The global beauty devices market was valued at approximately USD 31.26 billion in 2020."

Statistic 2

"The beauty devices industry is expected to witness a CAGR of 18.8% from 2021 to 2030."

Statistic 3

"Asian countries, especially China and India, are anticipated to drive the beauty devices market due to a rise in disposable income."

Statistic 4

"Hair removal devices held a revenue share of 31.0% in 2020."

Statistic 5

"An estimate of 54% of the total market revenue was generated by salons in 2020."

Statistic 6

"The U.S. market for beauty devices is expected to reach $32.5 billion by 2027."

Statistic 7

"North America dominated the beauty devices market with an overall revenue share of over 34% in 2020."

Statistic 8

"Hair care devices are anticipated to grow at the fastest rate in the beauty device industry for the next several years."

Statistic 9

"The cleansing devices sector will show a projected CAGR of 19.2% through 2025."

Statistic 10

"Facial rejuvenation devices segment held a market share of over 25% in 2020."

Statistic 11

"In Asia Pacific, the sales of beauty devices will likely grow at a CAGR of 19.3% from 2019 to 2027."

Statistic 12

"South America beauty devices market is expected to reach $1.206 billion by 2027."

Statistic 13

"By 2027, the global market for beauty devices will reach a whopping $80 billion, according to TMR."

In conclusion, the global beauty devices market is experiencing significant growth, driven by factors such as increasing disposable income in Asian countries, particularly China and India, and a surge in demand for hair removal and hair care devices. The industry is projected to witness substantial expansion in the coming years, with a strong focus on facial rejuvenation and cleansing devices. North America currently dominates the market, but Asia Pacific is poised for rapid growth, reflecting a shift in market dynamics. Overall, the beauty devices market is expected to reach $80 billion by 2027, highlighting the lucrative opportunities present in this evolving industry.