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Nail Art Printer Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global nail art printer products market was valued at USD 5.3 billion in 2022 and is projected to expand at a CAGR of 15.3% from 2023 to 2030. The growing demand for nail art printer products is attributed to the increasing demand for luxury products and the growing popularity of nail art as a fashion trend. Nail art is becoming a popular trend among women, particularly young women, who are increasingly seeking to express their individual style and personality. This has increased the demand for nail art printer products, as they offer a greater range of designs, colors, and patterns than traditional nail art.
Furthermore, technological advancements have led to the production of innovative products such as 3D-printed nails and UV light-cured nail art printers, which have contributed to the growth of the market. The emergence of AI-powered smart nail art printers has revolutionized the nail art industry, as they can create intricate and detailed nail art designs. Additionally, the growing popularity of nail art as a fashion trend and the increasing demand for luxury products are further boosting the market.
Furthermore, the growing demand for customized designs, coupled with the increasing availability of nail art printers, is aiding the growth of the market. The increasing number of e-commerce platforms is providing consumers with easy access to various types of nail art printers, which is further driving the market growth. Furthermore, technological advancements in the product have enabled manufacturers to produce more accurate and precise designs, which is further boosting the market growth.
The growing trend of DIY nail art is also aiding the market growth. Consumers are increasingly opting for convenient and cost-effective solutions, such as DIY nail art printers and kits, to create their own unique designs. Moreover, the growing awareness of the health benefits of nail art such as reducing stress, maintaining healthy nails, and improving mood is further driving the market.
Product Insights
The nail art printer segment is expected to grow at the fastest CAGR of 8.4% during the forecast period. Growing demand for nail art and nail art accessories has been driving the market for nail art printers. According to an article published by Nailart Tutorials, in June 2020, the nail art industry has grown significantly due to the increasing demand for nail art services, especially among millennials and Gen Z. Furthermore, technological developments in the field of nail art printers are providing an impetus to the growth of the market. For instance, in May 2020, Panasonic Corporation introduced a new nail art printer that can print nail art designs on the tips and sides of nails. This printer is expected to revolutionize the nail art industry.
The nail sticker segment accounted for the largest market share in terms of revenue. Nail stickers are easy to apply and provide a unique look to the nails. According to an article published by Nail Art Society, in April 2020, nail stickers have become increasingly popular among people for special occasions, such as weddings and festivals. Furthermore, new designs and patterns of nail stickers are being introduced in the market by various manufacturers, leading to an increase in the demand for these products.
Distribution Channel Insights
The supermarkets and hypermarkets segment is projected to capture the major share of over 45.1% in 2022. The growth of the segment is driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase beauty and personal care products. According to a survey by the Nail Art Printer Association in 2021, consumers prefer to purchase nail art printers from supermarkets & hypermarkets as they provide a broader selection of products and also offer assistance in making quick purchasing decisions.
The online segment is estimated to witness the highest CAGR of 12.2% over the forecast period. The rapid e-commerce development in the nail art printer industry has prompted companies to launch their own websites and shopping apps. In 2021, Gelish launched the Gelish Prints website, which is dedicated to nail art printer products. The website provides access to the latest nail art printer products, tips & tricks, and product reviews. In addition, it also offers a wide range of nail art printer products from top brands.
Type Insights
The desktop segment accounted for the largest revenue share of 81.2% in the year 2022. The increasing demand for personalization of nail art is encouraging people to invest in nail art printers for their personal usage. The desktop printers are designed for personal usage, and their ease of use and affordable cost make these printers popular among consumers. Furthermore, the companies are focusing on providing eco-friendly and long-lasting nail art prints. For instance, in June 2021, Konica Minolta, a Japanese company, launched its Accurio-Print Nail Art Printer that can print up to 1,000 prints without having to replace the ink.
The mobile printer segment is anticipated to register the highest CAGR of 11.7% over the forecast period. The growing demand for the mobile printers is attributed to the increasing demand for convenience. The mobile printers are lightweight, portable and easy to use, which makes them the perfect choice for nail art professionals. Furthermore, the companies are focusing on developing mobile printers with advanced features. For instance, in April 2021, Kudo3D launched its mobile nail art printer, which can print on any surface, including nails, with accuracy and speed.
Regional Insights
North America held the largest market share in the global nail art printer products market in 2022, owing to the presence of prominent players such as Konica Minolta and Ricoh, who are engaged in offering technologically advanced products. Moreover, increasing demand for beauty and personal care products is also driving the growth of this market in the region. For instance, in April 2021, Konica Minolta launched a new range of nail art printers with a built-in camera feature.
Europe is expected to witness significant growth during the forecast period, owing to a rise in the number of beauty salons, spas, and beauty clinics in the region. Moreover, the increasing demand for nail art related services is further expected to drive the growth of the market. For instance, in July 2021, a nail art salon based in London, U.K., invested in state-of-the-art automated nail art printing technology for its customers.
Financial Projections
In this part of the Nail Art Printer Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Nail Art Printer Products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main sources of revenue for a Nail Art Printer Products business are the sales of the printers and related products, such as ink, printer paper, and other accessories. Other sources of revenue can include sales of custom-designed prints, advertising, and sponsorships.
Projecting Expenses
In this section, all the regular expenses related to keeping the Nail Art Printer Products business running will be described. The list of operating expenses includes costs related to printing and manufacturing, rent, utilities, wages, advertising, and other overhead costs. Additionally, you should include costs associated with research and development, as well as legal and accounting fees.
Key companies & market share insights
Some of the key companies operating in the nail art printer market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, Canon Inc. launched the Canon Nail Art Printer, a new product designed to assist nail artists in creating intricate designs with precision.
– In August 2022, Brother Industries Ltd. launched the Brother Nail Art Printer, which allows users to print designs onto fingernails with ease.
– In September 2022, HP Inc. launched the HP Nail Art Printer, which allows users to create unique and intricate designs on their nails.
Some of the prominent players in the nail art printer market include:
– Canon Inc.
– Brother Industries Ltd.
– HP Inc.
– Epson Corp.
– Konica Minolta, Inc.
– Ricoh Co., Ltd.
– Seiko Epson Corporation
– Panasonic Corporation
– Samsung Electronics Co., Ltd.
– Canon Marketing Japan Inc.
Global Nail Art Printer Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global nail art printer products market based on product, technology, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Nail Art Printers
– Nail Art Printer Accessories
2. Technology Outlook (Revenue, USD Million, 2017 – 2030)
– Thermal Transfer Technology
– Inkjet Technology
3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
4. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Mass
– Premium
5. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation in Nail Art Printer?
[A]: The potential for product innovation in the nail art printer market is immense. Innovations include the development of faster and more efficient printing machines, the introduction of new printing inks and pigments, and the development of new printing technologies. Additionally, the development of 3D printing technology for nails is creating opportunities for product innovation in the nail art printer market.
[Q]: Who are the Key Players in the Nail Art Printer Market?
[A]: Some of the key players in the nail art printer market include 3D Nail Printers, Inc., Nailmatic Technologies, Inc., Nailbot, Nail Printer Technologies, Inc., and Nailberry Ltd.
[Q]: What are the Factors Driving the Nail Art Printer Market?
[A]: Increasing demand for customization, rising fashion consciousness, and the presence of a large number of fashion enthusiasts are some of the key factors driving the nail art printer market. Additionally, increasing disposable income and the presence of a large number of social media influencers are also driving the nail art printer market.
[Q]: What are the Restraints Limiting the Growth of the Nail Art Printer Market?
[A]: High cost of printers, limited availability of inks, and problems with the printing process are some of the key restraints limiting the growth of the nail art printer market. Additionally, the lack of awareness about the product and the lack of skilled technicians are also limiting the growth of the nail art printer market.
[Q]: What are the Opportunities for New Entrants in the Nail Art Printer Market?
[A]: The increasing demand for customization and the presence of a large number of fashion enthusiasts present opportunities for new entrants in the nail art printer market. Additionally, the increasing disposable income and the presence of a large number of social media influencers are also creating opportunities for new entrants in the nail art printer market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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