Global AI-powered Manicure Market Size (2023 - 2030)

The global AI-powered Manicure Market size was USD 11 billion in 2022 and is estimated to grow to USD 17.07 billion by 2030. This market is witnessing a healthy CAGR of 5.65% from 2023 - 2030. Technological advancements in Artificial Intelligence, changing fashion sense among youth, and the Introduction of environmentally friendly colors are majorly driving the growth of the industry.

Industry Overview:

• Artificial Intelligence is gaining importance nowadays in every field, it is also used in the Manicure section. Ai-powered manicure uses Artificial intelligence which creates an environment through which customers can get whatever is painted on their nails. Each consumer books and pre-pays for a 10-minute appointment to use the machine. When the consumer arrives, they pick a nail polish color and region the polish cartridge into the Clockwork robot, which appears like a big purple box.
• The computer captures a sequence of snapshots of the user’s hand with built-in 3D cameras, so it can build a multi-dimensional map. The artificial Genius in the computing device then makes use of that map to determine where it needs to put the nail polish.
• For every finger, the computer waits till the consumer says “Ready” or pushes a button earlier than squirting nail polish on the floor of the nail.
• Keep in the idea that the Clockwork computing device provides a no-frills paint job that doesn’t include nail clipping, cuticle removal, filing, or hand massages. The employer refers to this carrier as a “manicure.”
• Nail care consists of manicures, nail remedies like repairing, anti-breaking, hydrating, nourishing therapies, etc. Moisturizers constitute an important part of nail care. Moisturizing sellers are also used in nail care composition which consists of glycerin, petrolatum, beeswax, mineral oils, natural oils (almond, avocado, jojoba, and sunflower), waxes (cetyl alcohol, stearyl alcohol, and beeswax), and humectants (aloe vera, ceramides, and glycerin).

COVID-19 impact on AI-powered Manicure Market

COVID-19 has impacted the nail care industry majorly shops and offline stores. However, online income has not declined majorly. The nail care document discusses the underlying factors due to the hazard of infection at salons, customers are preferring at-home private care options. Thus, merchandise that is undemanding and can be used at home is chosen over salon services via customers. Also to get preserve this enterprise most businesses are taking the help of innovation.

The beauty enterprise, specifically nail salons has historically been a job supply for undocumented workers. In New York City alone, there are extra than 4,000 nail salons. When salons shut down or permanently closed at some point during the pandemic, approximately eighty percent of nail salon people in New York didn’t qualify for any federal aid.

According to a learn about from Oxford Economics, up to 20 million international jobs in healthcare, manufacturing, retail, and trucking will be changed by means of automatic technology. Robots are getting higher at doing more duties – even physical tasks we as soon as assumed would be too challenging for them to pull off, like manicures. the machines are no longer meant to replace full-service nail salons. They don’t intend to eliminate jobs or push employees out of their livelihood.

MARKET DRIVERS:

Technological Advancements in Artificial Intelligence in Manicure are driving the growth of the market

Artificial intelligence technological know-how is now being applied to online try-on experiences so that human beings can see what their nails will look like with special shades for the duration of an augmented truth digital manicure. Thanks to advanced hand mapping, the science "revolutionizes the nail polish and nail art purchasing journey" by way of displaying stay previews of nail polish merchandise in real-time. The AI-powered AR Virtual Try-On for Nails solution can be built-in online, in-store and inside apps, altering the way customers keep a range of nail polish products, consisting of these unique cream, jelly, sheer and matte finishes.

The interactive try-on journey lets customers keep their hand in the front of a digicam to see the selected shades. This is an answer that helps the future of contactless try-on experiences through a user's personal private cell device or a store's clever mirror.

MARKET RESTRAINTS:

The presence of different customers is restraining the growth of the market

Due to the multiplied feel of fashion in customers, the nail salon industry is growing tremendously. Due to ever-increasing opposition groups are doing good-sized improvements in natural ingredients, recycling, synthetic intelligence, at-home nail care, etc. Additionally, due to digitization, organizations are adopting artificial brains as a tool to excel in the market.

GLOBAL AI-POWERED MANICURE MARKET REPORT COVERAGE:

This research report on the global AI-powered Manicure Market has been segmented and sub-segmented based on Product Type, Distribution Channel, and region.

AI-powered Manicure Market - By Product Type:

• Regular Nail Polish
• Gel Nail Polish
• Others

The regular nail polish section accounted for the easiest market share of 46% in the international market in 2021. This is due to its easy utility and the availability of a vast range of shades in the market. The low fee of everyday nail polish over different available types has propelled its demand in the market, contributing to the average market growth.

The gel nail polish segment is predicted to extend at the fastest CAGR of 8.0% from 2022 to 2030. These products are extra focused than ordinary nail polish. The easy availability of gel nail polish in the market, along with its capacity to supply a long-lasting sleek finish without difficulty getting dry, has bolstered the market growth in value sales. Moreover, by way of product, the other section includes dip powder, poly-gel, acrylic, and shellac nail polish. These sorts of nail polish are turning into trending among the buyers owing to the advantage offered by means of them. For instance, poly-gel nail polish is long-lasting and can continue to be up to 21 days with maintenance. Additionally, dip powder is one of the trending nail polishes which comes in powdered form. It can ultimate up to three to four weeks. Thus, dip powder is extra long-lasting and long-lasting than any other nail polish, which is gaining traction amongst consumers. However, the excessive fee for dip powder products is probable to restrict the market increase in phrases of value sales.

AI-powered Manicure Market - By Distribution Channel:

• Hypermarkets & Supermarkets
• Specialty Stores
• E-commerce
• Others

Based on Distribution Channel, The specialty stores made the greatest contribution to the world market of over 36%, in 2021. These stores have been focusing on presenting herbal and chemical-free classes set up to pique customer pastime and provide them a facility to pick out from several brands earlier than making a purchase. Moreover, in unique stores, buyers have the benefit of scanning types, colors & hues as per their choice. Additionally, the presence of saving friends for helping clients to pick out the proper product and grant product understanding boosts the boom of the market via this segment. Additionally, hypermarkets and supermarkets are additionally gaining excessive popularity, owing to the availability of an extensive variety of products, consisting of splendor products, private care products, groceries, and others below a single roof. These products are positioned on shelves as per their category with placards displaying the element and prices. Additionally, supermarkets and hypermarkets are usually spanning over a large area and display a vast variety of products beneath a single roof. Moreover, these stores are especially close to the residential areas for comfort and effortless accessibility of products, including nail polish, and others. Rising net penetration amongst consumers and target advertising by using groups to reach all customer touchpoints are in all likelihood to gasoline the boom of this segment. Easy accessibility and heavy discounts & presents provided via online structures improve the adoption of nail polish in the market. Thus, the sales of the product through the online platform are predicted to improve the boom of the standard market throughout the forecast period.

AI-powered Manicure Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Asia Pacific made the greatest contribution to the international market of over 39% in 2021 and is additionally predicted to be the fastest-growing regional phase in the course of the forecast period. This is due to the rising wide variety of working ladies populace in countries such as China and India and their rising pastime in spending on nail care trend tendencies fueling the demand for nail polish. Moreover, the rising young populace in u . s . a . like India is expected to offer monstrous possibilities for a boom for the duration of the forecast years.

Europe is anticipated to witness a CAGR of 5.4% from 2022 to 2030. The inclination of shoppers toward naturally manufactured products is anticipated to propel the demand for the product, particularly in countries like UK and Germany. Moreover, the inclination of consumers toward vegan merchandise in this region, majorly in international locations like the UK and Germany, is expected to offer profitable possibilities for the growth of vegan products for the duration of the forecast period.

North America is expected to witness a CAGR of 6.7% from 2022 to 2030. Consumers in the nations such as U.S. and Canada are willing to pay an excessive price for a greater attractive appearance. This, in turn, is riding the increase of the market in this region.

The Middle East is anticipated to be the second-fastest-growing regional section for the duration of the forecast period. This is attributable to the rising wide variety of affluent consumers in nations like South Africa, the UAE, and others who are inclined to spend on cosmetics, consisting nail cosmetics are possible to provide sizeable possibilities for market increase in phrases of price sales.

AI-powered Manicure Market Share by company

1. Unilever
2. Estee Louder
3. Shiseido
4. Revlon
5. Sally Hansen
6. Wella Operatons US LLC
7. Cosnova GmbH
8. Note Cosmetique
9. Loreal S.A.
10. Coty Inc. and Others are playing a pivotal role in the market.

Recently ManiMe has made a product First Look at-home gel mani kit with Custom-fit sticks for nails made by using 3D modeling & LASER Cutter technology. The product is free from toxic chemicals like formaldehyde, camphor, ethyl Lysol, toluene, parabens, xylene, dibutyl phthalate, formaldehyde resin, and fragrances.

Winsun Innovations has made an all-in-one nail polish container with a dilator container and remover. It offers easy refilling, ease of handling, operation, and application. The container has a combination of plunger and spring. When compressed the plunger in the cap pushes the dilution liquid into the polish container thus easily diluting the polish. This eliminates the need for storing the dilution liquid in a separate bottle. A separate nail polish remover scraper pad at the top end is also present.

NOTABLE HAPPENINGS IN THE GLOBAL AI-POWERED MANICURE MARKET IN THE RECENT PAST:

• Product Launch - In April 2021, Preemadonna (2013) is a USA-based start-up with NailBotas a flagship product, a nail paint beauty device that instantly prints on nails any photo, emoji, image, or any self-created design in five seconds.
• Acquisition - In April 2021, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage, and celebrity fragrances. The acquisition creates a global beauty enterprise with a strong portfolio of leading brands.