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The spray tanning machines market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 6.2% and a CAGR of 6.6%, with the market growing by USD 1.80 billion during the forecast period 2021 to 2026.
This spray tanning machines market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the spray tanning machines market segmentation by application (home use and professional use) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The spray tanning machines market report also offers information on several market vendors, including Apollo Sprayers International Inc, Aviva Labs Inc, Brand Architekts Group PLC, Fake Bake LLC, Fuji Industrial Spray Equipment Ltd., GloBody Inc, Kahuna Bay Spray Tan LLC, Maximist, Million Dollar Tan, MineTan, NUDA, Oztan Cosmetics, ProSun International LLC, PZ Cussons Plc, Sjolie Inc, Spray Tan Cubicle Company Ltd, Sun Laboratories, SunFX, Sunless Inc, and Tampa Bay Tan among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the spray tanning machines market. During the COVID-19 pandemic, the demand for spray tanning machines market has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.
Key Spray Tanning Machines Market Driver
The growing adoption of multifunctional after-sunburn care products is notably driving the spray tanning machines market growth. A significant driving factor for the global spray tanning machines market is the growing popularity of multifunctional sunburn care products. Currently, consumers are adopting sunburn care products that cater to their basic needs and other ancillary requirements such as hydration, moisturization, or anti-oxidation. Many after-sunburn care products also serve as moisturizers and soothing creams and also aid in curing sunburns without hampering skin tans. The demand for such multifunctional products is higher in North American and Western European countries, which is driving the sales of such multi-purpose after-sunburn care products to a great extent. Thus, the increasing popularity of such products due to the convenience they offer and the willingness among consumers to pay extra for them are contributing to the growing demand for sunburn care products across all segments, including spray, which will fuel the growth of the market during the forecast period.
Key Spray Tanning Machines Market Trend
Rising product awareness especially among Millennials is the primary trend driving the spray tanning machines market growth. The retail landscape of the skin and beauty care industry, which includes skin tanning, is changing based on the evolving consumer demographics and lifestyles. The rise in urbanization, focus on personal grooming, and an increase in fashion consciousness has led to a change in consumers spending patterns over the years across the world. Millennials are the largest contributors to the global spray tanning market after Baby Boomers as they are fashion-conscious and keep themselves updated about new product launches across distinct categories of skincare products. In the past few years, the demand for spray tanning products has increased rapidly from both women and men. The growing demand for spray tanning products from men is attracting the attention of vendors. The growth of this category is primarily attributed to the changing landscape and notions of men's beauty, styling, grooming, and personal care. Men have also started to concentrate actively on their personal well-being, styling, as well as grooming and are increasingly becoming beauty- and image-conscious. Furthermore, a rising number of customers, especially those belonging to middle-income groups, are willing to spend more on high-quality personal care products, such as organic skincare, across the globe. Owing to these factors, the global spray tanning products market is expected to grow during the forecast period.
Key Spray Tanning Machines Market Challenge
Availability of counterfeit products is the major challenge impeding the spray tanning machines market growth. The rising market prospects for skin tanning sprays and the increase in their demand are driving the market for counterfeit spray tanning machines. Such counterfeit products are made using low-quality ingredients; therefore, they can have a negative impact on the user's health. The introduction and growing penetration of e-commerce have further propelled the sale of counterfeit products, especially in developing countries. Consumers face difficulties in distinguishing between genuine and counterfeit products as they appear similar. Furthermore, the low price of counterfeit products fuels their demand. The growing number of counterfeit products will have an adverse impact on the sales and pricing strategies of genuine vendors operating in the market. A key factor for the low price of counterfeit products is that manufacturers save a substantial amount of money on production and transportation cost. Furthermore, counterfeit products are often contaminated with harmful substances, such as petrochemicals or even bacteria. Established global vendors are striving to penetrate developing markets, such as China, which have a significant presence of counterfeit products. The low price of counterfeit products, however, poses a huge challenge for vendors that offer spray tanning machines. This, in turn, hinders the growth of the global spray tanning market during the forecast period.
This spray tanning machines market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global spray tanning machines market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the spray tanning machines market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the spray tanning machines market encompasses successful business strategies deployed by the key vendors. The spray tanning machines market is fragmented, and the vendors are deploying growth strategies such as the acquisition of new brands and several partnerships to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report spray tanning machines market contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain and parent market of spray tanning machines market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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32% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for spray tanning machines market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing number of salons and spas, as well as rising consumer concerns about skin tones, will facilitate the spray tanning machines market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America, including the US, Canada, and Mexico. Therefore, governments of these countries imposed nationwide lockdowns and stay-at-home regulations, which resulted in the temporary closure of spas, salons, gyms and hotels to contain the spread of the disease in North America. This, in turn, resulted in decreased demand for spray tanning in North America, reducing the growth of the spray tanning machines market in North America in 2020. In addition, the COVID-19 pandemic also resulted in the closure of skin care treatment facilities across this region, further reducing the growth of the spray tanning machines market in 2020. However, in 2021, the initiation of COVID-19 vaccination drives led to the lifting of lockdowns and the resumption of operations in salons and spas. Also, it helped in the reopening of skin care treatment facilities in 2021. Thus, such factors are expected to drive the growth of the regional spray tanning machines market during the forecast period.
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The spray tanning machines market share growth in the home use segment will be significant during the forecast period. In 2021, home use was the largest and fastest-growing application segment in the global spray tanning machines market. The home use segment is witnessing high market growth owing to the exorbitant cost of spray tanning in saloons and the use of chemicals such as docosahexaenoic acid (DHA), which requires extensive supervision while applying to body parts. Therefore, the market in focus is expected to grow during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the spray tanning machines market size and actionable market insights on the post-COVID-19 impact on each segment.
Spray Tanning Machines Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.6% |
Market growth 2022-2026 |
$1.80 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.2 |
Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
Performing market contribution |
APAC at 32% |
Key consumer countries |
US, Canada, China, India, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Apollo Sprayers International Inc, Aviva Labs Inc, Brand Architekts Group PLC, Fake Bake LLC, Fuji Industrial Spray Equipment Ltd., GloBody Inc, Kahuna Bay Spray Tan LLC, Maximist, Million Dollar Tan, MineTan, NUDA, Oztan Cosmetics, ProSun International LLC, PZ Cussons Plc, Sjolie Inc, Spray Tan Cubicle Company Ltd, Sun Laboratories, SunFX, Sunless Inc, and Tampa Bay Tan |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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