In 2023 and 2024, the tattoo industry was estimated to be worth USD 2.03 billion and USD 2.22 billion, respectively. It is anticipated to grow at a CAGR of 10.20% to reach USD 4.83 billion by 2032. The industry is expected to expand as a result of tattoos becoming more and more popular in the fashion and entertainment industries. This was mentioned in a report named "Global Tattoo Industry, 2024-2032" by Fortune Business Insights™.

Top Companies Covered in the Tattoo Industry:

• Celebrity INK (Thailand)
• Aliens Tattoo (India)
• Fulham Tattoo (U.K.)
• Cloak and Dagger London (U.K.)
• Vivid Ink (U.K.)
• Radical Ink (Romania)
• BodyCanvas (India )
• Devil'z Tattoo (India)
• Rock n'Roll Tattoo and Piercing (U.K.)
• Three Kings Tattoo (U.S.)

Information Source: https://www.fortunebusinessinsights.com/tattoo-market-104434 

Segments

Growing Trend of Tattooing Techniques Spurs the Temporary Segment

The industry is divided into two categories based on type: permanent and temporary. Because it enables users to modify the appearance of their skin with a variety of forms and styles, the temporary segment will dominate.

Increasing Number of Professional Artists Surges Demand for Professional Artists

The industry is divided into three categories: cosmetic, professional, and medical. The growing number of professional artists means that the professional group will continue to dominate.

Rising Popularity of Pictorial Patterns to Boost Tattooing Trend on Skin

The industry is divided into corneal, mouth, skin, and other segments based on application. The fast growth of the fashion and beauty industries has led to the dominance of the skin segment in the global industry.

Rise in Demand for Cosmetic Patterns Spurs Women Segment

There is a gender divide in the industry when it comes to end users. The growing desire for cosmetic patterns among women will propel the women's segment forward.

The global industry is divided into five regions based on geography: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Report Coverage

The study contributes to the growth of the industry by offering insights into the geographical analysis encompassing several regions. A number of elements, including the main industry drivers and constraints, are analyzed both qualitatively and quantitatively in this research. The industry will increase as a result of leading players implementing tactics to introduce collaboration, partnerships, and new products.

Drivers and Restraints

Rising Number of Body Art & Piercing-Related Educational Institutions to Stimulate Product Demand

The growing use of 3D services by young people to improve their physical appearance has quickly increased demand for the product. Furthermore, the current state of the industry throughout the world has been greatly driven by the rise in body art and piercing-related educational institutions as well as the growing number of tattooing specialists with experience providing high-fashion services. This guarantees that profits are maximized. In the meanwhile, the increased risk of allergies and skin diseases linked to it may hinder the expansion of the tattoo industry worldwide.

Regional Insights

Growing Celebrity Endorsement Nurtures Growth in the Europe Industry

The tattoo industry in Europe has a significant global industry share and is anticipated to develop at the fastest rate in the next years due to an increase in celebrity sponsorships in the continent.

Asia Pacific is expected to increase significantly over the forecast period as a result of rising consumer awareness of body art, which is propelling the industry's growth.

The growing popularity of tattoos among young people is predicted to drive significant growth in the Middle East and Africa industry, potentially contributing to the region's overall growth.

Competitive Landscape

Investments in Tattooing Machine Technology Spurs Fashion Industry

Key firms, such as Celebrity INK, will probably invest in new product techniques and strategies to expand their consumer base by adopting and opening new studios. With high investments in machine technology, the key players are trying to develop efficient, sustainable, and organic ink products to offer safe tattooing techniques.

Key Industry Development:

• March 2023- Ishan Rana, an Indian tattoo artist from Vadodara, India, set the Guinness World Record by spending 91 consecutive hours giving out 74 tattoos 64 individuals. The artist started the inking marathon on 3rd March and completed it on 7th March.