A tattoo is a form of body modification, in which a design is made on the skin by inserting tattoo ink, pigments, and dyes, into the dermis of the skin. Basic tattooing supplies include tattoo inks, tattoo needles, tattoo machines, and tattoo tubes etc.
The increasing number of tattoo studios and the rising popularity of tattoos among individuals are the primary factors influencing the tattoo accessories market. Moreover, changing fashion trends among all ages, is further boosting the market growth. For instance, according to Coherent Market Insights analysis, the U.S. has more than 20,000 tattoo parlors, which is expected to grow over the forecast period.
Global Tattoo Accessories Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted the business of several industries including infrastructure, retail, manufacturing, and others. To combat the COVID-19 pandemic, most of the countries have implemented strict lockdowns and enforced restrictions on their domestic and international flight travels, so the monetary spending of people on leisure activities such as tattoo-making, clubbing etc. gets reduced, according to Coherent Market Insights.
The tattoo accessories industry has also been impacted significantly by COVID-19 pandemic, in terms of supply as well as demand. The sales for tattoo accessories had observed a sharp decline in the first two quarters of 2020 as the demand for tattooing declined rapidly with most tattoo parlors being shut amid COVID-19 pandemic. The tattoo ink, tattoo needles, and other tattoo accessory manufacturing companies were temporarily shut down due to the imposed lock-down, international border seal, and short-term imbalance in demand in many regions. Many ink manufacturing factories declared force majeure due to the low demand of the tattoo industries while bottlenecks persisted in the overall supply-chain of the tattoo related products in the first half of 2020. According to CMI’s analysis, more than 65% of tattoo parlor (shop) owners have reported that COVID-19 had directly impacted their revenue in 2020. All these factors have negatively impacted the growth of the global tattoo accessories market in the short term.
Europe is expected to hold dominant position in the global tattoo accessories market during the forecast period (2021-2028).
Europe held dominant position in the global tattoo accessories market in 2019, accounting for 33.48% share in terms of value, followed by North America and Asia Pacific.
|Base Year:||2020||Market Size in 2020:||US$ 1,323.0 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||3.55%||2028 Value Projection:||US$ 1,748.7 Mn|
Major companies operating in the global tattoo accessories market are: Cheyenne, Sabre Tattoo Supplies, Inkjecta, Ez Tattoo Supply, Dragonhawk Tattoo Supply, Technical Tattoo Supply, Inc, Bishop Tattoo Supply Inc, Lauro Paolini, Eikon (Eikon Device Inc.), and Infinite Irons
|Restraints & Challenges:||
Figure 1: Global Tattoo Accessories Market Share (%), By Region, 2019
The trend for tattoos is popular in many countries such as Italy, Spain, and the U.K. For instance, according to Coherent Market Insights’ analysis, around 25% of the population of these countries had gotten at least one tattoo done in the year 2019. Moreover, Europe has several tourist places such as Berlin and Barcelona, which are well known for their tattoo parlors. For instance, around 80% of the population who got tattooed in Berlin, Germany and around 75% of the population who got tattooed in Barcelona, Spain, were tourists, according to the same analysis. Such prevalence of tattoo trends among the tourists is expected to drive the market growth in this region during the forecast period.
Major companies operating in the global tattoo accessories are: Cheyenne, Sabre Tattoo Supplies, Inkjecta, Ez Tattoo Supply, Dragonhawk Tattoo Supply, Technical Tattoo Supply, Inc, Bishop Tattoo Supply Inc., Lauro Paolini, Eikon (Eikon Device Inc.), and Infinite Irons
Among product type, the tattoo ink sub-segment is expected to showcase highest CAGR in the market during the forecast period, owing to rising trend of tattooing among the young generation.
Tattoos are getting popular among the young generation mainly in North America and Europe. Changing fashion statements and changing perception for tattooing are boosting the tattoo accessories market. For instance, according to Coherent Market Insights analysis, in year 2019, approximately 30% of college graduates in U.S. had at least one tattoo. Nowadays, vegan inks are also gaining popularity among the vegan people. Companies such as Stable Color, Skin Candy, and StarBrite are some of the companies that offer vegan tattoo inks.
Figure 2: Global Tattoo Accessories Market Value (US$ Mn), 2017 - 2028
The global tattoo accessories market was valued at US$ 1,452.9 Mn in 2019 and is expected to reach US$ 1,748.7 Mn by 2028 at a CAGR of 3.55% between 2021 and 2028.
Tattoo accessories consist of several components such as tattoo inks, tattoo needles, tattoo machine tubes, and tattoo machines. Tattoo artists across the globe majorly use black and grey colored inks for tattooing. For instance, according to Coherent Market Insights analysis, in the year 2016, approximately 270 MT (million tons) of black and grey tattoo inks were utilized globally, owing to its economical and time efficient nature when compared with getting a tattoo using colored inks.
The increasing population of young adults is expected to provide lucrative opportunities for the tattoo accessories market over the forecast period. For instance, according to the United Nations report, in 2015, globally, there were 1.2 billion young people aged 15–24 years, and this is expected to increase up to 1.3 billion by 2030. Body tattoos are becoming popular across all the age groups of people in many countries such as the U.S. and Canada. For instance, according to Coherent Market Insights’ analysis, in the year 2017, 21,000 tattoo parlors were operating in the U.S., and 39% of the young adults aged 18-29 had at least one tattoo inked on their bodies. These factors are expected to drive the growth of the tattoo accessories market.
Tattooing can however cause many types of side effects, as the tattoos are done using needles that break the skin barrier, which may result in some health risks such as infections and allergic reactions, this is expected to hamper the growth of the tattoo accessories market over the forecast period. Moreover, if a consumer has sensitive skin, the tattoo ink can cause various allergies. Tattoo inks can also result in skin rashes and itching sensations.
This report segments the global tattoo accessories market on the basis of product type, distribution channel, and region. On the basis of product type, global tattoo accessories market is segmented into tattoo inks (black & grey tattoo ink, color tattoo, and micro-pigmentation Ink (permanent make-up ink)), needles (round, flat, magnum, and others (large etc.)), disposable tattoo machines tubes, tattoo machines, and others (tat wax, etc.). On the basis of distribution channel, the global tattoo accessories market is segmented into online channel and offline channel (specialty stores, hyper market, and super market). On the basis of region, global tattoo accessories market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
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