April 14, 2024
Pedicure Unit Market

The Global Pedicure Unit Market Driven By Growing Beauty Consciousness Among Consumers

Pedicure units are specialized electrical foot care equipment used for cleaning, drying, smoothing, and beautifying feet. They come equipped with rotating drill files, rotating buffing discs, foot baths, and medical-grade sanitizing UV lamps. Pedicure units facilitate easy and efficient removal of hardened skin and calluses. The embedded heaters help maintain optimum temperature for easing muscle pains. Their wide range of drill heads and buffers aid in gentle exfoliation and polishing of feet. Pedicure units save significant time and produce consistent results for salon owners and nail technicians.

The global pedicure unit market is estimated to be valued at US$ 1.49 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key Trends:

One of the key trends in the pedicure unit market is the growing demand for multifunctional devices. Consumers are looking for pedicure units that can perform different functions like foot massaging, nail cutting, callous removal, and polishing in a single device. This factor is encouraging manufacturers to develop innovative multifunctional pedicure units with advanced features. Another major trend is increasing demand for compact and portable pedicure units. Busy lifestyles and hectic schedules are propelling the demand for compact pedicure equipment that can be easily carried while traveling. This has led to introduction of lightweight, rechargeable, and easy to use portable pedicure units. Rising adoption of podiatry and foot care treatments is also fueling the growth of the pedicure unit market.

Porter’s Analysis

Threat of new entrants: Low capital requirements for starting pedicure business pose moderate threat. However, established brands have strong customer loyalty and supply chain advantages.

Bargaining power of buyers: Individual buyers have high bargaining power due to availability of several product options. However, institutional buyers such as salons have moderate power with established brands.

Bargaining power of suppliers: A few major suppliers exist for components like chairs, tubs etc providing them higher bargaining power against smaller brands.

Threat of new substitutes: Technological advances can provide substitute products but capital requirements are high for sizable threat in the forecast period.

Competitive rivalry: Presence of global and regional players leads to high competition. Brand reputation, product innovation and service quality determines success.

Key Takeaways

The global Pedicure Unit Market Growth is expected to witness high growth. The growth can be attributed to rising focus on self-grooming and professional salon services along with increasing disposable incomes in developing regions. The global pedicure unit market is estimated to be valued at US$ 1.49 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Regional analysis

North America dominates presently due to strong salon infrastructure and awareness about professional pedicure services. Asia Pacific is expected to exhibit fastest growth with China, India and other Southeast Asian countries providing immense opportunities owing to improving standards of living.

Key players operating in the Pedicure Unit market are Nestle S.A., Groupe Danone, Abbott Laboratories, Hain Celestial Group, Kraft Heinz Company, Bristol-Myers Squibb, Hero Group, Morinaga Milk Industry Co. Ltd., and Cargill Inc. These companies focus on product innovation, expansion into developing markets and collaborations with salon chains to strengthen distribution and brand presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it