Global Tattoo Accessories Market Expected To Generate $1.5 Billion By 2031 - Allied Market Research

Global Tattoo Accessories Market Expected To Generate $1.5 Billion By 2031 – Allied Market Research

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Allied market research

Allied market research

The rise in popularity of tattoos among people and the expansion of various tattoo studios are driving the global market for tattoo accessories. In 2020, the demand for tattoos decreased rapidly in the first two quarters due to the closure of tattoo parlors, which also caused a sharp reduction in sales of tattoo accessories. Based on region, Europe had the largest share in 2021, contributing around a third of the total tattoo accessories market share.

Portland, OR, September 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the tattoo accessory market earned $853.1 million in 2021 and is estimated to generate $1.5 billion by 2031, manifesting a CAGR of 6.2% from 2022 to 2031. The report provides an extensive analysis of the changing dynamics of the market, segments principals, the value chain, the competitive scenario and the regional panorama. This research offers valuable guidance for major players, investors, shareholders, and startups in designing strategies for sustainable growth and gaining competitive advantage in the marketplace.

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Coverage and details of the report:

Report Coverage

Details

forecast period

2022-2031

base year

2021

Market size in 2021

$853.1 million

Market size in 2031

$1.5 billion

CAGR

6.2%

No. of pages in the report

204

Covered segments

Product type, distribution channel and region.

drivers

Increased popularity of tattoos among people.

Expansion into various tattoo studios.

Changes in fashion trends.

Change of attitude towards the tattoo.

Opportunities

Exposure to online fashion blogs, posts, videos, and other content

Introduction of new software developers like Gravit Designer, Xara Designer Pro X, Affinity Designer and others.

restrictions

Restrictions, prohibitions and laws against tattoos

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global tattoo accessories market, due to the implementation of the global lockdown that resulted in the temporary closure of most tattoo parlors.

  • In 2020, the demand for tattoos decreased rapidly in the first two quarters due to the closure of tattoo parlors, which also caused a sharp reduction in sales of tattoo accessories.

  • Due to the imposition of the lockdown, the international border barrier and the short-term imbalance in demand in many places, companies that manufacture tattoo ink, tattoo needles and other tattoo accessories had to close their operations.

  • However, during the COVID-19 outbreak, tattoo accessory e-commerce sales gained significant popularity.


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Tattoo Accessories Market: https://www.alliedmarketresearch.com/request-for-customization/17253?reqfor=covid

The research provides detailed segmentation of the global Tattoo Accessories Market on the basis of product type, distribution channel, and region. The report analyzes the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the fastest growing and highest revenue generating segments mentioned in the report.

Based on product type, the needles and cartridges segment had the highest share in 2021, accounting for nearly a third of the global tattoo accessories market, and is expected to continue its leadership over the forecast period. However, the tattoo ink segment is expected to post the highest CAGR of 7.5% between 2022 and 2031.

Based on distribution channel, the hypermarket/supermarket segment accounted for the highest share in 2021, with nearly two-fifths of the global tattoo accessories market, and is expected to continue its leadership over the forecast period. However, the eCommerce segment is estimated to grow at the highest CAGR of 7.2% during the forecast period.

Based on the region, Europe had the largest share in 2021, contributing around a third of the total tattoo accessories market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia region -Pacific is expected to manifest the fastest CAGR of 7.5% during the forecast period. The research also looks at regions including North America and LAMEA.

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Major players in the global tattoo accessories market analyzed in the research include 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.

The report provides detailed analysis of these key players of the global Tattoo Accessories market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to show the competitive landscape.

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About us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global businesses as well as small and medium sized businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research it is critical to inspiring and encouraging everyone associated with the company to maintain high data quality and assist customers in every way possible to achieve success. Each and every one of the data presented in the reports published by us is extracted through primary interviews with senior officials of the main companies of the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry professionals and expert analysts.

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