Global Tattoo Accessories Market Is Expected to Generate $1.5 Billion by 2031: Allied Market Research

Allied Market Research

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

Portland, OR, Sept. 11, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the tattoo accessories market raised $853.1M in 2021 and is expected to generate $1.5B by 2031, growing at a CAGR of 6.2% from 2022 to 2031. The report provides an in-depth analysis of the changing dynamics of the market, major segments, value chain, competitive scenario and regional landscape. . This research offers valuable guidance for key players, investors, shareholders, and startups to design sustainable growth strategies and gain competitive advantage in the market.

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Report coverage and details:

Report cover

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%

Number of pages in the report

204

Segments Covered

Product type, distribution channel and region.

Drivers

Increase in popularity of tattoos among people

The expansion of a number of tattoo studios

Changes in fashion trends

Changing attitude towards tattooing

Opportunities

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

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

Constraints

Restrictions, prohibitions and laws against tattooing

Covid-19 scenario:

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

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

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

  • However, during the COVID-19 outbreak, online sales of tattoo accessories have gained popularity.


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

The research provides a detailed segmentation of the global tattoo accessories market on the basis of product type, distribution channel, and region. The report discusses the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize based on the most revenue-generating and fastest-growing segments mentioned in the report.

Based on product type, the needles and cartridges segment held the highest share in 2021, accounting for nearly one-third of the global tattoo accessories market, and is expected to maintain its leading status over the period. forecast. However, the tattoo inks segment is expected to register the highest CAGR of 7.5% from 2022 to 2031.

Based on distribution channel, hypermarket/supermarket segment accounted for the highest share in 2021, holding nearly two-fifths of the global tattoo accessories market, and is expected to maintain its leading status during the forecast period. . However, the e-commerce segment is expected to grow at the highest CAGR of 7.2% during the forecast period.

Based on region, Europe held the largest share in 2021, contributing approximately one-third of the total tattoo accessories market share, and is expected to retain its dominating share in terms of revenue in 2031. Further, East Asia-Pacific is expected to manifest the fastest CAGR of 7.5% during the forecast period. The research also analyzes regions such as North America and LAMEA.

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Key players of 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 a detailed analysis of these key players in 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 for highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to present the competitive scenario.

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About Us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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