Consumer Goods & Retail

Global Nail Art Printer Market

March 23, 2022
ID: SR/CG-104
Format:Pdf
Pages:220

Global Nail Art Printer Market By Product Type (Stamping Printer, Build-in Computer Printer), By Application (Residential, Commercial), By Distribution Channel (Online, Offline) By Region (North America, Europe, Asia-Pacific, Latin America, and The Middle East & Africa)-Global Forecast to 2028.

Description

Nail Art Printer Market Overview

The global Nail Art Printer market was valued at USD 240 million in 2021 and is projected to hit around USD 424 million by 2028, expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2028. The number of salons that offer professional services is steadily increasing. Over the forecast period, the growing number of such service providers is expected to propel the nail art printers’ market forward. Furthermore, The use of a nail art printer is getting more popular as a growing number of individuals are drawn to the product’s capacity to help them produce the exact nail designs and colors they desire. The benefits of using the product include reduced time spent on nail art, the ability to match a specific theme for various events, and cost-effectiveness. The expanding adoption of high and unique fashion sense among the worldwide youth population is expected to impact the product’s increasing utilization significantly. Moreover, the increasing production of new products that can print nail artwork and a variety of other objects is estimated to drive market growth.

What is Nail Art Printer?

A nail art printer is a machine that uses types of nail paint ink and artificial nails to print designs on nails. Nail art printers are electrical devices used to print different artistic designs on fingernails in a matter of seconds. This machine can print graphics too intricate or complex to be painted by hand. The process for operating the printer differs by machine, but it usually requires inserting one or more fingers into a printing zone with a base layer of nail paint already applied.

Growth Drivers

The rising influence of social media and western influence

In the projected period of 2022 to 2028, the increased adoption of western lifestyles and rising disposable income would be the primary factors driving market expansion. With USD 53,123 in gross adjusted household disposable income per capita, the United States led the OECD. The rapid rise in the use of nail art printers in spas, fashion stores, beauty parlors, hair salons, nail salons, and wedding studios, as well as expanding consumer preferences for aesthetic appeal, is estimated to increase the market, which is driving up demand for nail art printers. Furthermore, the growing influence of social media platforms is strengthening the bond between women and fashion and beauty specialists, which aids in raising awareness about new beauty-oriented technologies, which is expected to improve the market’s overall growth.

Over 3.6 billion people will use social media in 2020, expected to rise to nearly 4.41 billion by 2025. However, women’s interactions with fashion and beauty lovers are being cultivated thanks to the growing relevance of social media platforms, which helps to disseminate awareness of new beauty-related technology. Furthermore, heightened self-consciousness about personality and appearance in this image-centric age is expected to lead to more women becoming direct or indirect customers of the nail art printer market. Thus, the growing application of such nail art printers is projected to drive the market significantly.

Increasing Number of Employed Women

The rising number of employed women leads to increased spending on grooming items, such as nail enhancement products, which is fueling market expansion. According to United Nations, women account for 47.7% of the global workforce. Also, women’s employment rates in Germany will be 46.32% in 2020 and 50.61% in the United Kingdom in 2019, estimated by the market. Moreover, the growing popularity of nail enhancement products, particularly during special occasions and festive seasons, is expected to increase the demand for nail art printers.

Covid-19 Impact on Global Nail Art Printer Market

The COVID-19 outbreak has harmed the overall growth rate of the worldwide nail art printer market in 2020. This can be attributed to severe disruptions in their respective manufacturing and supply-chain operations because of various precautionary lockdowns and other limitations imposed by governments worldwide. The same may be said for the global market for nail art printers. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the factors mentioned above are likely to weigh on the worldwide Nail Art Printer market’s revenue trajectory. However, due to the predicted increase in demand from the industrial and automotive the market growth is expected to normalize and continue at a stable rate over the projection period of 2022 to 2028.

By Product Type Segment Analysis

Based on the Product Type segment, the market is categorized into Stamping printers and Build-in Computer Printer. The Stamping Printer segment is estimated to dominate the market over the forecast period by 2028. Compared to a built-in computer printer, the stamping printer is estimated to have a bigger market share because the product is more affordable. It is a relief printing technique in which heat transfers pre-dried ink or foils to a surface.

By Application Segment Analysis

Based on the Application Segment, the market is classified into Residential, Commercial. The commercial segment of the worldwide nail art printer market is expected to rise at a considerable CAGR. The segment’s expansion can be attributed to the fact that most consumers prefer the service given by commercial establishments because it is known to be of higher quality than that supplied by residential establishments.

By Distribution Channel Segment Analysis

Based on Distribution Channel Segment, the market is classified into Online and Offline. The online segment is dominating the market over the forecasted period by 2028 because most products sold on an online platform take longer to arrive at the consumer’s location. Retail stores are expected to be the dominant market. Furthermore, the extended return or replacement process for damaged products makes the retail business more attractive.

By Region Segment Analysis

Based on region segment, the market is bifurcated into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Europe is predicted to continue to be the largest market shareholder throughout the forecast period of 2020-2028. The rapidly expanding cosmetics business in this region is expected to impact the growing demand for nail art printers substantially. In addition, the growing number of fashion events, including Paris Fashion Week, the British Fashion Council event, and Berlin Fashion Week, which promote various types of fashion, nail care, and enrichment items, is expected to boost demand.

Competitors Analysis

The Companies includes Nailgogo, Qingdao Magnetic Digital Co., Ltd., Yinghe Electronic Instruments Co., Ltd., Amy Beauty Equipment, Auto Nail, Create Beauty Technology Company Limited, Funai Electric Co., Ltd., Guangzhou Taiji Electronic Co., Ltd., Koizumi Seiki Corporation, Shenzhen Tuoshi Network Communications Co., Ltd., and Other Prominent Players in the Nail Art Printer market.

Key Stakeholders

Recent Developments

In September 2019, Fingernails2Go acknowledged the launch of its new nail art printer, which uses a Hp technology mechanism and cartridges.
In October 2019, Alpso Ventures directors announced the introduction of its nail art printer called Artpro Nail Art Kiosk.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 240 million
The revenue forecast in 2028	USD 424 million
Growth Rate	CAGR of 7.3% from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies includes Nailgogo, Qingdao Magnetic Digital Co., Ltd., Yinghe Electronic Instruments Co., Ltd., Amy Beauty Equipment, Auto Nail, Create Beauty Technology Company Limited, Funai Electric Co., Ltd., Guangzhou Taiji Electronic Co., Ltd., Koizumi Seiki Corporation, Shenzhen Tuoshi Network Communications Co., Ltd., and Other Prominent Players in the Nail Art Printer market.

Market Modelling

By Product Type

Stamping Printer
Build-in Computer Printer

By Application

Residential
Commercial Scientific Research

By Distribution Channel

Online
Offline

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Nail Art Printer?

What is the growth rate of the global Nail Art Printer market?

What are the growth elements of the global Nail Art Printer market?

In the projected period of 2022 to 2028, the increased adoption of western lifestyles and rising disposable income would be the primary factors driving market expansion. The rapid rise in the use of nail art printers in spas, fashion stores, beauty parlors, hair salons, nail salons, and wedding studios, as well as expanding consumer preferences for aesthetic appeal, is estimated to increase the market, which is driving up demand for nail art printers.

Which region is expected to have the largest share in the global Nail Art Printer market?

Europe is expected to have the largest share in the global Nail Art Printer market.

Who are the major players in the global Nail Art Printer market?

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Global Nail Art Printer Market