The global ultraviolet tanning bed market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are increasing cosmetic requirements of people to look good and hide signs of aging, rapid urbanization, and increasing spending capacity.
An ultraviolet tanning bed is a device that uses artificially produced ultraviolet radiation inside a device where humans in laid down position or standing position get their body tanned conveniently. Ultraviolet radiations act as a simulant of epidermal layer of skin. This simulation causes the skin to produce melanin, a brown pigment that protects skin from burning. Tanning beds are artificial devices widely used as a source of artificial ultraviolet radiation for tanning, mostly in countries of regions such as North America as well as Europe. People assume that tanning helps to reduce visibility of signs of aging, which is expected to boost growth of the market going ahead.
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Generally, tanning beds use two types of ultraviolet radiation, UVA or UVB, or a combination of both. UVA radiations are considered to be harmful as they cause aging of skin and wrinkles, leading to high risk factor of contracting melanoma among people. On the other hand, UVB radiations acts as a simulant for melanin, a brown pigment present in the skin, to give skin its tan color and also aid in production of vitamin D. Melanin protects our body from harmful effects of UVA and UVB radiations.
Major Factors Driving Growth of The Global Ultraviolet Tanning Bed Market:
Revenue growth of the global ultraviolet tanning bed market is significantly driven by various encouraging factors. Rising demand for personal care and luxury products in order to beautify and overcome signs of aging, high disposable income of middle-class population, rapid urbanization, and increasing spending capacity are some key factors driving market revenue growth. Caucasian people are adopting tanning beds on a large scale in order to hide signs of skin aging by visiting salons, spas, and wellness centers.
Factors Restraining Growth of The Global Ultraviolet Tanning Bed Market:
The global ultraviolet tanning bed market growth is substantially hampered by several unfavorable factors. Various health related problems caused by using UV tanning beds such as risk of developing skin cancer (Melanoma), burns on skin, loss of consciousness, eye injuries, aging skin, rapid development of wrinkles, age spots, and loss of skin firmness are factors expected to cause a slow-down in market growth. In addition to this, high cost of equipment and limited awareness in underdeveloped regions are expected to negatively impact market revenue growth over the forecast period.
Opportunities For Players Operating in The Global Ultraviolet Tanning Bed Market:
Key players are focusing on development of advanced equipment. In addition, increasing focus on improvement of design and rising demand for personal care products are some key factors expected to continue to open up lucrative business opportunities for major players and new entrants in the market.
Ongoing Trends in the Ultraviolet Tanning Bed Market:
Technological advancement is a major factor expected contribute to market growth going ahead. Major companies are focusing on development of ultraviolet tanning bed due to its surging demand among consumers globally.
Global Ultraviolet Tanning Bed Market Revenue Led by Product Type Segment:
Based on product type, horizontal tanning bed segment is expected to reach the highest revenue share over the forecast period. This is attributed to ease of usage and comfort provided by tanning services to customer around the world.
Global Ultraviolet Tanning Bed Market Leading End-Use Segment:
Based on end-use, salon segment dominates all other segments in terms of revenue generation over the forecast period. People visit salon for frequent maintenance services such as haircut, manicure, and pedicure. Furthermore, availability of indoor tanning at affordable price contributes to growth of this segment.
North America Accounts for Largest Revenue Share in Global Ultraviolet Tanning Bed Market:
Among regional markets, North America holds a major share of global ultraviolet tanning bed market in terms of revenue. As more and more people are getting attracted towards aesthetically pleasing looks, incline in number of visits to salons and wellness centers for indoor tanning is driving demand for ultraviolet tanning beds. Rising awareness among people in countries such as the United States further supports market growth.
Asia Pacific Continues to Lead in Terms of Revenue CAGR:
Asia Pacific ultraviolet tanning bed market is expected to register the fastest growth in CAGR over the forecast period. Rising income of middle-class population has led to indoor tanning services becoming popular mainly in salons, health and wellness centers, and others. In addition to this, rapid urbanization is another factor expected to contribute to market growth going ahead.
Major Companies Profiled in The Report:
- Prosun International LLC
- ISO Italia
- Honle Medizintechnik
- Schulze & Bohm
- Sunshine Beauty Science and Technology Co. Limited
- Tanning Manja Co. Ltd.
What Our Report Provides and Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report:
For the purpose of this report has segmented global ultraviolet tanning bed market is segmented on the basis of product type, end-use, and region:
By Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Horizontal Tanning Bed
- Vertical Tanning Bed
By End-Use Outlook (Revenue, USD Billion; 2023-2032)
- Swimming Club
- Beauty Center
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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