by The pedicure unit is a device used to provide pedicure services to customers at nail salons and spas. It consists of a foot basin, whirlpool jets, and adjustable footrests to provide relaxation and deep cleansing to the feet. The growing popularity of luxury spa services and medical pedicures has propelled the demand for technologically advanced pedicure units with massage functions and water sanitization.
The global Pedicure Unit Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for luxury spa services is one of the key drivers of the pedicure unit market. Customers are increasingly opting for high-end spas and salons that offer relaxation and rejuvenation through pedicure treatments. Pedicure units with advanced features such as foot massagers, water whirlpool jets, variable speed controls etc. help enhance the spa experience and mimic the luxurious feel of 5-star hotel spas. This has encouraged spa owners to invest in high-quality commercial pedicure units that can improve customer satisfaction and visibility of their brands in the competitive luxury services market.
SWOT Analysis
Strength: The pedicure unit market provides an easy and efficient way for salons and spas to perform pedicure treatments. It streamlines the process and allows technicians to focus on delivering a quality service.
Weakness: High initial investment costs associated with purchasing pedicure units may limit their adoption, especially among small, independent beauty businesses. Units also require regular maintenance and servicing.
Opportunity: Growing demand for professional pedicure treatments from both male and female consumers is driving the need for salons and spas to upgrade their facilities. Portable pedicure units allow businesses to improve customer throughput.
Threats: Economic downturns may negatively impact discretionary spending on self-care treatments like pedicures, potentially dampening demand. Strict regulations around hygiene and cross-contamination could increase operating costs.
Key Takeaways
The Global Pedicure Unit Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising health consciousness and increasing spending capacity of consumers.
Regional analysis: The Asia Pacific region currently dominates the pedicure unit market and is expected to maintain its leading position throughout the forecast period supported by increasing demand from countries like India, China, and Japan. Europe and North America are other major regional markets benefitting from robust distribution networks and established beauty industries.
Key players operating in the pedicure unit market are Mahindra Electric Mobility Limited, Saera Electric Auto Pvt. Ltd., Telco E-Vehicles Pvt. Ltd., Gamma Industries, Knox Fuels Tech, Yuva E-Rickshaw, ATUL Auto Limited, Bajaj Auto Limited, J.S. AUTO (P) LTD., Speego Vehicles Co Pvt Limited, Dilli Electric Auto Pvt. Ltd., NDS Eco Motors Private Limited, Goenka Electric Motor Vehicles Private Limited, Sarthak Industries, Perfexorld, V.H.V.O Industries Pvt. Ltd, Mini Metro EV LLP, Pariti, Kinetic Green Energy & Power Solutions Ltd., A G INTERNATIONAL PVT LTD.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
