The pedicure unit market involves products ranging from basic foot spas and massagers to advanced pedicure chairs with numerous functionalities. Pedicure units provide convenient footcare solutions at the comfort of one’s home by removing dead skin, calluses, and nails. Advanced pedicure units come equipped with features like heated seats, heated water tubs, multiple jet water functions, leg and calf massage rollers, foot scrubbers, and various speed settings. The growing demand for self-care practices and premium salon-like footcare experience at home is a major driver for pedicure units. Furthermore, long working hours and busy lifestyles have increased the need for quick and easy footcare solutions without visiting parlors regularly, propelling the growth of the pedicure unit market.
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:
One of the major trends in the pedicure unit market is the growing popularity of advanced multifunctional pedicure units. Manufacturers are focusing on integrating numerous footcare features in single units for offering comprehensive spa-like pedicure experience. Some of the advanced features include LED lights for exfoliation, massage rollers, specialized brush systems, automatic foot detection sensor, variable jet settings, adjustable water heat control, ergonomic designs, etc. This is allowing users to perform different pedicure treatments like scrubbing, exfoliation, massage, and nail care in one go. The innovative product offerings are expected to cater to the increasing demand for convenient grooming solutions and further fuel the growth of the pedicure unit market over the forecast period.
Threat of new entrants: Low barrier for market entry allows many new players to enter the market frequently putting pressure on existing players.
Bargaining power of buyers: Large customer base gives buyers high bargaining power to negotiate on prices.
Bargaining power of suppliers: Major suppliers of pedicure units have established presence making switching costs higher for customers.
Threat of new substitutes: Technology advancements can lead to new substitute products gaining popularity over time.
Competitive rivalry: Intense competition exists among existing players to expand market share.
The Global Pedicure Unit Market Size is expected to witness high growth.
Regional analysis: The Asia Pacific region dominates the global pedicure unit market owing to high demand from countries like China, India, and Japan. Growing disposable incomes and rapid urbanization are driving sales in the region.
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.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it