The Hair Removal Trend and Rising Beauty Consciousness in Europe
The rising preference for IPL hair removal and the growing adoption of IPL hair removal devices for home use and among small beauty salon establishments drive the Europe IPL hair removal services market. The trend of body hair removal dates back to the 1900s in developed regions, such as Europe and North America. The trend flourished with the rising perception of Europe as the world's fashion capital. In the early 21st century, Europe's low-middle income class started adopting new fashions quickly, which increased the emphasis on the body's aesthetic value, prompting demand for hair body removal.
Technological advancements in hair removal equipment have led to a rise in the adoption of intense pulsed light hair removal equipment, driving the consumer-use intense pulsed light hair removal services market across Europe. The introduction of intense pulsed light hair removal equipment to Europe's middle-class population established a new way of maintaining the body's aesthetic value affordably, avoiding pricey skin clinics and aesthetic parlors for hair removal service.
The Threat of New Entrants & Impact of the Regulatory Scenario
Many of the market players in the aesthetic services sector are willing to enter the IPL hair removal market, considering the technology's growth potential. However, our analysis of the legislative framework in Europe, the initial cost of investment, and the existing competition suggests the threat of new entrants in the Europe consumer-use IPL hair removal services market is low. The prevailing government regulations in Europe do not restrict the entry of new players in the market. In the case of this market, the regulatory scenario does not play a crucial role in determining the threat of new entrants.
The market for consumer-use IPL hair removal services in Europe is highly competitive with several recognized service providers that operate as chains of salons or dermatology clinics across the region. In such a scenario, a new market entrant that grabs a market share faces a probability of being acquired by an established one, which restricts the threat of market entrants. Moreover, franchising is the most practiced business model in the market; thus, potential new entrants are likely to contact established market players for franchising
Got questions about your regional growth of
Europe Consumer Use IPL Hair Removal Market?
Just drop us a line or call on +1 646 480 7505
Europe Consumer-Use IPL Hair Removal Services Market: Segmentation
By Service Provider
The Rest of Western Europe
The Rest of Europe
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now