Tanning Devices Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0206734
  • Format: Electronic (PDF)
  • Number of Pages: 192
  • Author(s): Joshi, Madhavi

Report Overview

The Tanning Devices Market size was estimated at USD 850 million in 2023 and is projected to reach USD 1.55 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024-2030).

Tanning Devices Market

(Market Size)
$850 million
$1.55 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.00%
2023 Market Size USD 850 million
2030 Market Size USD 1.55 billion
Key Players Ergoline, Ultrasun, Hapro, Sun Ergoline, KBL

Market Summary

The tanning devices market encompasses a range of equipment designed for artificial ultraviolet (UV) light exposure, primarily for cosmetic tanning purposes, but also including medical and therapeutic applications. This market is a specialized segment within the broader machinery and equipment industry, characterized by technological innovation and evolving consumer preferences. Products range from traditional sunbeds and tanning booths to more advanced home-use units and emerging UV-free alternatives like spray tanning equipment. The industry serves a diverse clientele, including tanning salons, fitness centers, wellness spas, and individual consumers seeking at-home solutions. Market dynamics are heavily influenced by regulatory frameworks, health awareness campaigns, and shifting beauty standards. Manufacturers and suppliers operate in a competitive landscape where product safety, efficacy, and energy efficiency are paramount. The market is also witnessing a gradual transformation with the integration of smart technologies, such as app-controlled devices and personalized exposure settings, catering to a more tech-savvy consumer base. Despite facing challenges related to health concerns, the market continues to adapt through innovation and diversification into adjacent wellness and beauty segments.

Key Highlights

The tanning devices market is distinguished by several key developments that underscore its current trajectory. A significant trend is the increasing consumer demand for safer alternatives, leading to the growth of UV-free tanning options such as high-pressure spray tanning systems and lotion-based applicators. This shift is largely driven by heightened awareness of the risks associated with prolonged UV exposure, prompting manufacturers to innovate towards non-UV solutions. Another highlight is the integration of advanced technologies, including IoT connectivity and customizable settings, allowing users to personalize their tanning experience through digital interfaces and mobile applications. The market is also seeing a consolidation among key players, with leading companies acquiring smaller firms to expand their product portfolios and geographic reach. Additionally, there is a noticeable expansion in the commercial segment, particularly in emerging economies where disposable incomes are rising, and tanning culture is gaining traction. Regulatory compliance remains a critical focus, with stringent safety standards influencing product design and marketing strategies across North America and Europe. These factors collectively highlight a market in transition, balancing traditional demand with modern innovations and safety considerations.

Drivers, Opportunities & Restraints

The tanning devices market is propelled by several drivers, including the persistent cultural association of tanned skin with health and attractiveness in certain regions, which sustains consumer demand despite health warnings. The growth of the wellness and beauty industries also acts as a catalyst, as tanning services are often bundled with other aesthetic treatments in spas and salons. Technological advancements present significant opportunities, particularly in the development of safer, more efficient devices that reduce UV exposure risks and offer enhanced user experiences. The rising popularity of home-use tanning equipment, driven by convenience and privacy concerns, opens new revenue streams for manufacturers. However, the market faces considerable restraints, primarily from increasing regulatory scrutiny and public health campaigns highlighting the dangers of UV radiation, including skin cancer risks. These concerns have led to stricter advertising restrictions and age limitations in various countries, dampening market growth in traditional segments. Economic fluctuations and high initial costs of advanced equipment also pose challenges, particularly for small salon owners. Despite these hurdles, opportunities exist in untapped emerging markets and through diversification into related beauty technologies that align with evolving consumer preferences for non-invasive treatments.

Concentration Insights

The tanning devices market exhibits a moderately concentrated structure, with a handful of established players holding significant market share globally. Key companies such as ProSun International, Ergoline, and Hapro have built strong brand recognition and extensive distribution networks, particularly in North America and Europe. These leaders compete on factors including product innovation, safety certifications, and after-sales service, often leveraging their scale to invest in research and development for next-generation devices. The market also includes numerous smaller and regional manufacturers that cater to niche segments or specific geographic areas, often competing on price or specialized features. Concentration is higher in regions with stringent regulatory environments, where compliance costs create barriers to entry for new players. However, the emergence of UV-free alternatives has introduced new competitors from the beauty and cosmetics sectors, slightly diluting concentration levels. Mergers and acquisitions activity has been observed as larger firms seek to acquire innovative technologies or expand their geographic presence. Overall, while the market remains dominated by a few key players, the competitive landscape is evolving with technological disruptions and shifting consumer demands.

Type Insights

The tanning devices market is segmented by type into various categories, each catering to distinct user preferences and applications. Traditional UV tanning beds remain a prominent category, available in both low-pressure and high-pressure variants, with the latter often marketed for faster tanning results and perceived reduced burning risks. Stand-up tanning booths have gained popularity in commercial settings due to their space efficiency and hygiene advantages. The home-use segment includes compact tanning units, ranging from basic lamps to sophisticated systems with timers and safety features. A rapidly growing category is UV-free tanning devices, which encompass spray tanning equipment and sunless tanning booths that utilize dihydroxyacetone (DHA)-based solutions to create a temporary tan without UV exposure. Additionally, there are specialized medical phototherapy devices used for treating skin conditions like psoriasis, which share technological similarities with cosmetic tanning equipment but are regulated differently. Each type addresses specific market needs, from commercial salon requirements emphasizing durability and client throughput to residential products focusing on ease of use and safety. Innovations continue to blur lines between categories, with hybrid devices offering multiple tanning options in one unit.

Application Insights

Tanning devices find applications across several key sectors, primarily divided into commercial and residential uses. The commercial application dominates the market, encompassing tanning salons, fitness centers, spas, and beauty clinics that offer tanning services to clients. These establishments typically invest in high-capacity, durable equipment designed for frequent use and often feature advanced functionalities like climate control and hygiene systems. The residential application segment has been growing steadily, driven by consumer desire for convenience and privacy, with products ranging from basic tanning lamps to premium home tanning beds. Another significant application is in the medical field, where phototherapy devices utilizing specific UV wavelengths are employed for dermatological treatments, such as vitiligo and eczema management. Additionally, there is a niche application in the entertainment and fashion industries, where temporary tanning solutions are used for photoshoots and events. Each application segment has distinct requirements influencing product design, pricing, and marketing strategies, with commercial users prioritizing reliability and maintenance support, while residential consumers focus on safety, size, and ease of use.

Regional Insights

The tanning devices market demonstrates varied dynamics across different geographic regions, influenced by cultural attitudes, regulatory frameworks, and economic conditions. North America represents a significant market, particularly the United States, where despite health concerns, a established tanning culture persists, though it is increasingly regulated with age restrictions and warning mandates. Europe holds a substantial share, with countries like Germany, the UK, and France being key consumers, though the market faces challenges from strict EU regulations on UV emission standards and advertising. The Asia Pacific region is emerging as a growth area, fueled by rising disposable incomes, urbanization, and growing awareness of beauty trends, though penetration is lower compared to Western markets due to cultural preferences for lighter skin in many countries. Latin America and the Middle East & Africa show nascent potential, with increasing adoption in urban centers and tourist destinations. Regional differences are also evident in product preferences; for example, North America and Europe show higher demand for advanced, regulated equipment, while emerging markets may favor cost-effective solutions. Regulatory environments greatly shape market activity, with some regions implementing bans on commercial tanning for minors, impacting salon-based demand.

Company Insights

The competitive landscape of the tanning devices market features several prominent companies that have established strong positions through innovation, brand reputation, and global distribution. ProSun International is recognized for its extensive range of commercial tanning equipment and emphasis on safety features. Ergoline, a German-based company, is noted for its high-quality sunbeds and technological advancements in UV tanning systems. Hapro, another key player, offers a diverse portfolio catering to both professional and home segments across multiple regions. ISO Italia specializes in designer tanning beds that combine aesthetics with functionality, targeting premium markets. SolarStorm focuses on vertical tanning booths, emphasizing space efficiency and user experience. These companies compete through continuous product development, often introducing features like LED displays, cooling systems, and enhanced safety protocols to differentiate their offerings. Strategic initiatives include partnerships with salon chains, expansion into emerging markets, and diversification into non-UV tanning solutions to adapt to changing consumer preferences. Smaller players and new entrants often concentrate on niche segments, such as portable home devices or spray tanning equipment, leveraging agility to respond to market trends. The industry also sees involvement from beauty and wellness conglomerates expanding their portfolios to include tanning solutions.

Recent Developments

The tanning devices market has witnessed several notable developments reflecting its adaptive nature and response to external pressures. A significant trend is the increased investment in research and development aimed at enhancing safety profiles, resulting in devices with improved UV filtering, automatic shut-off mechanisms, and reduced emission of harmful radiation. Many manufacturers are launching smart tanning systems equipped with IoT capabilities, allowing users to control sessions via smartphones and receive personalized exposure recommendations based on skin type. There has been a surge in the introduction of UV-free alternatives, with companies expanding their spray tanning and sunless product lines to cater to health-conscious consumers. Regulatory developments continue to shape the industry, with several regions implementing stricter advertising guidelines and usage restrictions, prompting companies to revise their marketing strategies and compliance measures. Partnerships between tanning device manufacturers and wellness brands have become more common, integrating tanning services into broader beauty and health offerings. Additionally, sustainability initiatives are gaining traction, with efforts to reduce energy consumption in tanning equipment and use eco-friendly materials in construction. These developments indicate a market evolving towards greater safety, technological integration, and alignment with contemporary wellness trends.

Report Segmentation

This market research report on the tanning devices industry provides a detailed analysis segmented across multiple dimensions to offer comprehensive insights. The segmentation by type includes categories such as UV tanning beds (further divided into low-pressure and high-pressure), tanning booths, home tanning devices, and UV-free tanning equipment including spray tan systems. Application segmentation covers commercial use in tanning salons, fitness centers, and spas; residential use for home consumers; and medical applications for dermatological treatments. Geographic segmentation provides in-depth analysis of regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, with country-level analysis for major markets such as the United States, Germany, China, and Brazil. Additional segmentation may consider technology types, such as conventional UV devices versus emerging alternatives, and distribution channels including direct sales, specialty retailers, and online platforms. This multi-faceted segmentation enables a thorough understanding of market dynamics, consumer behavior, and growth opportunities across different segments, providing stakeholders with actionable intelligence for strategic decision-making.

FAQs

What are the different types of tanning devices available? The market offers various types including traditional UV tanning beds (both low-pressure and high-pressure), stand-up tanning booths, compact home tanning units, and UV-free alternatives such as spray tanning equipment and sunless tanning booths that use DHA-based solutions.

How does a tanning bed work? Tanning beds emit ultraviolet radiation, primarily UVA and some UVB rays, which stimulate melanin production in the skin, resulting in a tan similar to sun exposure but in a controlled environment.

Are there any health risks associated with using tanning devices? Yes, use of UV tanning devices is associated with increased risks of skin cancer, including melanoma, as well as premature skin aging, eye damage, and immune suppression, leading to stringent regulations in many countries.

What is the difference between a tanning bed and a spray tan? Tanning beds use UV light to create a tan by stimulating melanin, while spray tans apply a chemical solution (typically DHA) that reacts with the skin's surface to produce a temporary color without UV exposure.

Which regions have the highest demand for tanning devices? North America and Europe traditionally show high demand, particularly the United States, Germany, and the UK, though emerging markets in Asia Pacific are growing due to increasing disposable incomes and beauty trends.

What are the key factors driving the tanning devices market? Key drivers include cultural preferences for tanned skin, growth in the wellness and beauty industries, technological advancements in safer devices, and rising demand for convenient home-use solutions.

Citius Research has developed a research report titled “Tanning Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Tanning Devices Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Tanning Devices Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Tanning Devices Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Tanning Devices Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Tanning Devices Market
• Research Methodology
• Executive Summary
• Market Dynamics of Tanning Devices Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Tanning Devices Market
• Cost and Gross Margin Analysis of Tanning Devices Market
• Tanning Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Tanning Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Tanning Devices Market Key Stakeholders

Below are the key stakeholders for the Tanning Devices Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Tanning Devices Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Tanning Devices Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Tanning Devices Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Tanning Devices Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Tanning Devices Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Tanning Devices Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Tanning Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Tanning Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Tanning Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Tanning Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Tanning Devices Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Tanning Devices Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Tanning Devices Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Tanning Devices Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Tanning Devices Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Tanning Devices Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Tanning Devices Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports