At 6.2% CAGR, Tattoo Accessories Market 2021 | Cheyenne – Professional Tattoo Equipment, Saber Tattoo Supplies
The tattoo accessories market is expected to rise over the forecast period owing to the growing popularity of tattoos in the fashion and entertainment industries along with the growing trend of having a fashionable design on one’s body to display an attractive physique.
According to a new report published by Allied Market Research, titled “tattoo accessories market“The Tattoo Accessories Market was valued at USD 853.10 Million in 2021 and is projected to reach USD 1.5 Billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
People use tattoos as fashion icons to express their culture or lifestyle. Changes in consumer’s life and fashion preferences are the main elements likely to increase the demand. The reasons for getting a tattoo differ from culture to culture, region to region, and era to era. Tattoos have historically been used as rites of passage, religious emblems, rewards for bravery or punishment, and as identifiers for misfits and slaves. Just as the reasons for getting a tattoo today vary, they can include changing one’s look, strength, boosting self-esteem, and expressing one’s individuality. Trainers use rotary and coil equipment to build the tattoo design onto the skin. Demand for the product may increase as digital 3D printed fashion items become more popular with consumers. They are incredibly fashionable and alluring which should increase their adoption. To track movement-related data points and fitness activity, manufacturers offer their customers a selection of digital wearable fashion items. In order to create a pattern on the skin, tattoo ink, pigments and dyes are inserted into the dermis of the skin during the tattooing process. Thus, increasing numbers of people with tattoos and growth in tattoo fashion trends are likely to drive the growth of the tattoo accessories market over the forecast period.
The need for tattoo items has increased as the practice of tattooing fashionable designs on one’s body to display an attractive body image has become more popular. In addition, more and more people are watching on-demand videos, reading blogs and reading digital magazines on various social media platforms and websites devoted to fashion and creative lifestyles, which is driving the growth of tattoo accessories market share.
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To track motion-related data points and activity, manufacturers offer their customers a selection of digital wearable fashion items. A tiny electronic tattoo, for example, has been created by Carnegie Mellon researchers to track body movement and motion sensitivity. As a result, these developments and features could help the industry grow in the years to come. Thus, the growth in innovations in the field of tattooing and its popularity is expected to help increase the growth of the tattoo accessories market over the forecast period.
Bans, restrictions, and bans on tattoos are expected to hamper market expansion. Tattoos that support or promote political agendas or depict cultural dignity and degradation are completely unacceptable in the majority of nations. For example, tattoos are prohibited by Sharia in Saudi Arabia and Afghanistan. In India, tattoos are not allowed in many government positions, including those of a trainee officer in a bank, SSC, engineering department, railway jobs, or in the armed forces. Therefore, during the forecast period, the above-mentioned factors are expected to limit the expansion of the tattoo accessories market size.
The COVID-19 pandemic has had a huge impact on the supply and demand for tattoo accessories. Tattoo demand declined rapidly in the first two quarters and the majority of tattoo parlors closed due to the COVID-19 pandemic, which also led to a sharp reduction in sales of tattoo accessories. Due to the imposed lockdown, the international border barrier and the short-term imbalance of demand in many places, companies that manufacture tattoo ink, tattoo needles and other tattoo accessories have been temporarily closed, but now that COVID cases are down, the pandemic has greatly disrupted the market by changing consumer buying behavior. Thus, during COVID-19, online sales of tattoo accessories have gained popularity.
Based on the tattoo accessories market analysis, the market is segmented into product type, distribution channel, and region. Based on product type, the market is categorized into tattoo machine, tattoo ink, needles & cartridges, etc. Based on distribution channel, the market is segmented into hypermarkets and supermarkets, specialty stores, and e-commerce. By region, it is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, Germany, France, Russia, Italy, Spain and rest of Europe), Asia-Pacific (China , Japan, India, Australia, South Korea and Rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa).
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According to the tattoo accessories market analysis, based on product type, the needles and cartridges segment accounted for approximately 32.9% market share in 2021, growing at a CAGR of 6.7% during the forecast period. Drawing tattoos is done with tattoo needles. It is attached to a portable device, driven by a motor and immersed in ink. With increased safety awareness and increased knowledge of the risks associated with tattooing, tattoo artists are more selective when selecting tattoo needles, which is expected to help the market grow over the forecast period. Also, the tattoo needles and cartridges section of the tattoo accessories market is booming owing to the increase in demand for extremely fashionable and artistic tattoos. Thus, the above factors are likely to propel the growth in the size of the tattoo accessories market across the needles and cartridges segment during the forecast period.
According to tattoo accessories market trends, on the basis of distribution channel, the specialty store segment accounted for approximately 36.1% market share in 2021, with and is expected to grow at a CAGR of 6.3% during of the forecast period. A specialty store is a retail establishment that sells unique and specialized products. These stores specialize in offering a specific product category, including tattoos and piercings. People prefer specialty stores because retail establishments that focus their sales in a certain product category can give their employees extensive training to equip them with in-depth product knowledge. For customers who need help choosing the right product, these employees act as trusted sources of information. Thus, the factors mentioned above are likely to support the growth of the tattoo accessories industry through a purpose-built store segment.
According to the tattoo accessories market opportunities, by region, the tattoo accessories market share in Asia Pacific is expected to witness significant growth at a CAGR of 7.2% during the forecast period. In Asia-Pacific, importing beauty equipment and products to India and Indonesia could increase sales of these goods. Also, the expansion of fashion and beauty infrastructure may encourage the use of fashion accessories, which in turn may stimulate market expansion. The tattoo industry in India is booming and is expected to bring in over Rs 20,000 per year. India’s tattoo market is thriving and vibrant, ranging from professional studios in malls to seaside stalls in Goa. Thus, the growth of tattoo studios and professional artists is likely to drive demand in the tattoo accessories market during the forecast period.
The players operating in the global Tattoo Accessories market have adopted various development strategies to grow their market share, increase their profitability and stay competitive in the market. Key players profiled in this report are Cheyenne – Professional Tattoo Equipment, Saber Tattoo Supplies, Inkjecta International Pty Ltd., EZ Tattoo Supply, DRAGONHAWK, Technical Worldwide, Bishop Tattoo Supply Inc., Lauro Paolini Tattoo Supply, EIKON, and Infinite Irons.
Main results of the study
- The Tattoo Accessories market size was valued at USD 853.1 Million in 2021 and is projected to reach USD 1,540.6 Million by 2030, registering a CAGR of 6.2% from 2022 to 2031.
- By product type, the needles and cartridges segment is expected to witness significant growth, registering a CAGR of 6.7% during the forecast period.
- In 2021, by distribution channel, the e-commerce segment was valued at $205.5 million, accounting for 24.1% of the global tattoo accessories market share.
- In 2021, Europe was the largest market and is expected to reach $489.9 million by 2031, growing at a CAGR of 5.8% during the forecast period.
TRENDS REPORTS: –
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