PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 2128300
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 2128300
Laser Hair Removal Market Size, Share, Growth, Global Industry Analysis, Regional Insights and Forecast to 2026-2034
Growth Factors of laser hair removal Market
The global laser hair removal market was valued at USD 1.42 billion in 2025 and is projected to grow from USD 1.67 billion in 2026 to USD 6.58 billion by 2034, registering a remarkable CAGR of 18.73% during the forecast period. Asia Pacific dominated the global market with a 39.50% market share in 2025, supported by rising disposable income, increasing demand for aesthetic procedures, and growing awareness of advanced cosmetic treatments. The expanding popularity of non-invasive beauty procedures and continuous technological advancements are expected to drive strong market growth through 2034.
Laser hair removal is one of the most widely performed cosmetic procedures for reducing unwanted hair. The treatment uses concentrated laser light to target hair follicles, significantly reducing future hair growth while offering long-lasting results. Compared with conventional hair removal methods such as shaving and waxing, laser treatment provides greater convenience, minimal discomfort, and higher effectiveness, making it increasingly popular among both women and men.
Rising Demand for Non-Invasive Cosmetic Procedures Drives Market Growth
The growing preference for non-invasive aesthetic treatments is one of the primary factors fueling market expansion. Consumers are increasingly seeking cosmetic procedures that deliver effective results without surgery, lengthy recovery periods, or significant side effects. Improvements in living standards, rising disposable income, and greater focus on personal grooming have significantly increased demand for laser hair removal services worldwide.
Technological innovations have also enhanced treatment safety and efficiency. Modern laser systems can reduce hair growth by up to 90-95% while incorporating advanced cooling technologies that improve patient comfort. Regulatory approvals for new laser systems and increasing financing options for cosmetic procedures are further accelerating market adoption.
Technological Advancements Strengthen Market Potential
Continuous innovation remains a key growth driver for the laser hair removal industry. Manufacturers are introducing advanced devices that combine multiple laser wavelengths to improve treatment effectiveness across different skin and hair types.
Combination technologies integrating Nd:YAG and Alexandrite lasers enable practitioners to treat fine, light-colored hair as well as darker skin tones more effectively than conventional single-wavelength devices. The growing availability of home-use laser hair removal systems is also expanding the consumer base by offering affordable and convenient treatment alternatives.
High Treatment Costs Continue to Restrain Growth
Despite strong demand, high treatment costs remain one of the major challenges facing the market. Multiple treatment sessions are typically required to achieve optimal results, increasing overall expenses for consumers.
The cost varies depending on the treatment area, number of sessions, and geographic location. High out-of-pocket expenses continue to limit adoption, particularly in developing economies where affordability remains a concern.
Combination Laser Technologies Emerge as a Major Industry Trend
One of the most significant trends shaping the market is the development of multi-technology laser platforms. These advanced systems combine different wavelengths to improve treatment versatility, shorten procedure times, and deliver better clinical outcomes across diverse skin types.
Manufacturers are also incorporating enhanced cooling systems, higher-speed treatment capabilities, and user-friendly interfaces to improve patient comfort and practitioner efficiency. These innovations are expected to support sustained market expansion throughout the forecast period.
Market Segmentation
By Product
The Nd:YAG segment is expected to dominate the global market with a 32.04% share in 2026. Its longer wavelength of 1064 nm allows effective treatment of pigmented skin and a broad range of skin types, making it one of the most preferred laser technologies worldwide.
The diode segment is projected to record the fastest growth during the forecast period due to increasing adoption of advanced 810 nm diode laser systems that provide efficient, comfortable, and long-lasting hair reduction. Alexandrite lasers continue to maintain a significant market presence, while other shorter-wavelength laser technologies account for a comparatively smaller market share.
By End User
Medical spas and specialty clinics are anticipated to account for 72.48% of the global market in 2026. Their dominance is driven by expanding aesthetic clinic infrastructure, increasing consumer preference for specialized cosmetic services, and rising investments in advanced laser equipment.
The hospitals segment is expected to witness the fastest growth during the forecast period owing to ongoing infrastructure modernization and the integration of advanced aesthetic treatment services.
Regional Analysis
Asia Pacific remained the largest regional market, generating USD 0.56 billion in 2025 and projected to reach USD 0.66 billion in 2026. Rapid urbanization, increasing disposable income, changing beauty standards, and growing adoption of laser-based cosmetic procedures continue to support regional expansion. China is projected to reach USD 0.20 billion, Japan USD 0.16 billion, and India USD 0.13 billion by 2026.
North America accounted for USD 0.49 billion in 2025 and is expected to reach USD 0.57 billion in 2026. Strong consumer spending on aesthetic treatments, technological innovation, and increasing demand for minimally invasive cosmetic procedures continue to drive regional growth. The U.S. market alone is projected to reach USD 0.49 billion by 2026.
Europe generated USD 0.28 billion in 2025 and is forecast to grow to USD 0.33 billion in 2026. Favorable government policies, expanding medical spa infrastructure, and increasing consumer awareness of cosmetic procedures are supporting market development across the region. The U.K. market is expected to reach USD 0.07 billion, while Germany is projected to reach USD 0.05 billion in 2026.
Latin America generated USD 0.05 billion in 2025 and is expected to maintain similar revenue in 2026. The Middle East & Africa accounted for approximately USD 0.04 billion in 2025 and is projected to reach USD 0.05 billion in 2026, although limited access to well-equipped aesthetic clinics continues to restrain regional growth.
Competitive Landscape
The global laser hair removal market is highly competitive, with leading companies focusing on technological innovation, strategic partnerships, geographic expansion, and product launches to strengthen their market positions.
Major companies operating in the market include Cutera, Venus Concept, Cynosure, Fotona, Lumenis Ltd., Alma Lasers, Sciton Inc., Lynton Lasers Ltd., Venn Healthcare, and Candela Corporation.
Recent industry developments include Justera Health Ltd. launching premium laser treatment services using CUTERA XEO in November 2023, Milan Laser Hair Removal securing strategic investments from Sixth Street and Wildcat Capital Management in February 2023, Sciton introducing BAREit technology in September 2021, Lira Style launching the Cervello laser device in May 2020, Aldi Australia introducing a home-use laser hair removal device in April 2020, and Lumenis Ltd. launching the LightSheer Quattro diode laser platform in January 2020.
Conclusion
The global laser hair removal market is expected to experience exceptional growth through 2034, driven by increasing demand for non-invasive cosmetic treatments, rapid technological advancements, expanding medical spa infrastructure, and rising consumer awareness regarding long-lasting hair reduction solutions. Although high treatment costs remain a challenge, continuous innovation in multi-wavelength laser technologies, improved patient comfort, and the growing availability of home-use devices are expected to create substantial opportunities for market participants over the forecast period.
Segmentation By Product
- Alexandrite
- Nd: YAG
- Diode
- Others
By End User
- Hospitals
- Medical Spas & Specialty Clinics
- Others
By Region
- North America (By Product, By End User, By Country)
- U.S. (By Product)
- Canada (By Product)
- Europe (By Product, By End User, By Country/ Sub-Region)
- U.K. (By Product)
- Germany (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- Scandinavia (By Product)
- Rest of Europe (By Product)
- Asia Pacific (By Product, By End User, By Country/ Sub-Region)
- Japan (By Product)
- China (By Product)
- India (By Product)
- Australia (By Product)
- Southeast Asia (By Product)
- Rest of the Asia Pacific (By Product)
- Latin America (By Product, By End User, By Country/ Sub-Region)
- Brazil (By Product)
- Mexico (By Product)
- Rest of Latin America (By Product)
- Middle East & Africa (By Product, By End User, By Country/ Sub-Region)
- GCC (By Product)
- South Africa (By Product)
- Rest of the Middle East & Africa (By Product)
Table of Content
1. Introduction
- 1.1. Market Scope
- 1.2. Market Segmentation
- 1.3. Market Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
4. Key Insights
- 4.1. New Product Launch, By Key Players
- 4.2. Snapshot of Regulatory Scenario, By Key Countries/Regions
- 4.3. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 4.4. Impact of COVID-19 on the Market
5. Global Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 5.1. Market Analysis, Insights and Forecast - By Product
- 5.1.1. Diode
- 5.1.2. Alexandrite
- 5.1.3. Nd: YAG
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - By End User
- 5.2.1. Hospitals
- 5.2.2. Medical Spas & Specialty Clinics
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
6. North America Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 6.1. Market Analysis, Insights and Forecast - By Product
- 6.1.1. Diode
- 6.1.2. Alexandrite
- 6.1.3. Nd: YAG
- 6.1.4. Others
- 6.2. Market Analysis, Insights and Forecast - By End User
- 6.2.1. Hospitals
- 6.2.2. Medical Spas & Specialty Clinics
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast - By Country
- 6.3.1. U.S.
- 6.3.1.1. By Product
- 6.3.2. Canada
- 6.3.2.1. By Product
- 6.3.1. U.S.
7. Europe Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 7.1. Market Analysis, Insights and Forecast - By Product
- 7.1.1. Diode
- 7.1.2. Alexandrite
- 7.1.3. Nd: YAG
- 7.1.4. Others
- 7.2. Market Analysis, Insights and Forecast - By End User
- 7.2.1. Hospitals
- 7.2.2. Medical Spas & Specialty Clinics
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-Region
- 7.3.1. U.K.
- 7.3.1.1. By Product
- 7.3.2. Germany
- 7.3.2.1. By Product
- 7.3.3. France
- 7.3.3.1. By Product
- 7.3.4. Spain
- 7.3.4.1. By Product
- 7.3.5. taly
- 7.3.5.1. By Product
- 7.3.6. Scandinavia
- 7.3.6.1. By Product
- 7.3.7. Rest of Europe
- 7.3.7.1. By Product
- 7.3.1. U.K.
8. Asia Pacific Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 8.1. Market Analysis, Insights and Forecast - By Product
- 8.1.1. Diode
- 8.1.2. Alexandrite
- 8.1.3. Nd: YAG
- 8.1.4. Others
- 8.2. Market Analysis, Insights and Forecast - By End User
- 8.2.1. Hospitals
- 8.2.2. Medical Spas & Specialty Clinics
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast - By Country/Sub-Region
- 8.3.1. Japan
- 8.3.1.1. By Product
- 8.3.2. China
- 8.3.2.1. By Product
- 8.3.3. India
- 8.3.3.1. By Product
- 8.3.4. Australia
- 8.3.4.1. By Product
- 8.3.5. Southeast Asia
- 8.3.5.1. By Product
- 8.3.6. Rest of Asia Pacific
- 8.3.6.1. By Product
- 8.3.1. Japan
9. Latin America Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 9.1. Market Analysis, Insights and Forecast - By Product
- 9.1.1. Diode
- 9.1.2. Alexandrite
- 9.1.3. Nd: YAG
- 9.1.4. Others
- 9.2. Market Analysis, Insights and Forecast - By End User
- 9.2.1. Hospitals
- 9.2.2. Medical Spas & Specialty Clinics
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast - By Country/Sub-Region
- 9.3.1. Brazil
- 9.3.1.1. By Product
- 9.3.2. Mexico
- 9.3.2.1. By Product
- 9.3.3. Rest of Latin America
- 9.3.3.1. By Product
- 9.3.1. Brazil
10. Middle East & Africa Laser Hair Removal Market Analysis, Insights and Forecast, 2021-2034
- 10.1. Market Analysis, Insights and Forecast - By Product
- 10.1.1. Diode
- 10.1.2. Alexandrite
- 10.1.3. Nd: YAG
- 10.1.4. Others
- 10.2. Market Analysis, Insights and Forecast - By End User
- 10.2.1. Hospitals
- 10.2.2. Medical Spas & Specialty Clinics
- 10.2.3. Others
- 10.3. Market Analysis, Insights and Forecast - By Country/Sub-Region
- 10.3.1. GCC
- 10.3.1.1. By Product
- 10.3.2. South Africa
- 10.3.2.1. By Product
- 10.3.3. Rest of Middle East & Africa
- 10.3.3.1. By Product
- 10.3.1. GCC
11. Competitive Analysis
- 11.1. Global Market Share Analysis (2025)
- 11.2. Company Profiles
- 11.2.1. Cutera
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. Venus Concept
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. Cynosure
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. Fotona
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. Lumenis Ltd
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. Alma Lasers
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. Sciton Inc
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. Lynton Lasers Ltd
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. Financials (Based on Availability)
- 11.2.9. Venn Healthcare
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Strategies
- 11.2.9.6. Financials (Based on Availability)
- 11.2.10. Candela Corporation
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Strategies
- 11.2.10.6. Financials (Based on Availability)
- 11.2.11. Other Prominent Players
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Strategies
- 11.2.11.6. Financials (Based on Availability)
- 11.2.1. Cutera
List of Tables
- Table 1: Global Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 2: Global Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 3: Global Laser Hair Removal Market Revenue (USD billion) Forecast, by Region, 2021-2034
- Table 4: North America Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 5: North America Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 6: North America Laser Hair Removal Market Revenue (USD billion) Forecast, By Country, 2021-2034
- Table 7: U.S. Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 8: Canada Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 9: Europe Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 10: Europe Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 11: Europe Laser Hair Removal Market Revenue (USD billion) Forecast, By Country/Sub-Region, 2021-2034
- Table 12: U.K. Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 13: Germany Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 14: France Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 15: Italy Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 16: Spain Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 17: Scandinavia Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 18: Rest of Europe Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 19: Asia Pacific Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 20: Asia Pacific Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 21: Asia Pacific Laser Hair Removal Market Revenue (USD billion) Forecast, By Country/Sub-Region, 2021-2034
- Table 22: Japan Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 23: China Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 24: India Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 25: Australia Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 26: Southeast Asia Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 27: Rest of Asia Pacific Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 28: Latin America Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 29: Latin America Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 30: Latin America Laser Hair Removal Market Revenue (USD billion) Forecast, By Country/Sub-Region, 2021-2034
- Table 31: Brazil Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 32: Mexico Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 33: Rest of Latin America Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 34: Middle East & Africa Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 35: Middle East & Africa Laser Hair Removal Market Revenue (USD billion) Forecast, by End User, 2021-2034
- Table 36: Middle East & Africa Laser Hair Removal Market Revenue (USD billion) Forecast, By Country/Sub-Region, 2021-2034
- Table 37: GCC Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 38: South Africa Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
- Table 39: Rest of Middle East & Africa Laser Hair Removal Market Revenue (USD billion) Forecast, by Product, 2021-2034
List of Figures
- Figure 1: Global Laser Hair Removal Market Revenue Breakdown (USD billion, %) by Region, 2025 & 2034
- Figure 2: Global Laser Hair Removal Market Value Share (%), by Product, 2025 & 2034
- Figure 3: Global Laser Hair Removal Market Value Share (%), by End User, 2025 & 2034
- Figure 4: Global Laser Hair Removal Market Value (USD billion), by Region, 2025 & 2034
- Figure 5: North America Laser Hair Removal Market Value (USD billion), by Product, 2025 & 2034
- Figure 6: North America Laser Hair Removal Market Value Share (%), by Product, 2025
- Figure 7: North America Laser Hair Removal Market Value (USD billion), by End User, 2025 & 2034
- Figure 8: North America Laser Hair Removal Market Value Share (%), by End User, 2025
- Figure 9: North America Laser Hair Removal Market Value (USD billion), By Country, 2025 & 2034
- Figure 10: North America Laser Hair Removal Market Value Share (%), By Country, 2025
- Figure 12: Europe Laser Hair Removal Market Value (USD billion), by Product, 2025 & 2034
- Figure 13: Europe Laser Hair Removal Market Value Share (%), by Product, 2025
- Figure 14: Europe Laser Hair Removal Market Value (USD billion), by End User, 2025 & 2034
- Figure 15: Europe Laser Hair Removal Market Value Share (%), by End User, 2025
- Figure 16: Europe Laser Hair Removal Market Value (USD billion), By Country/Sub-Region, 2025 & 2034
- Figure 17: Europe Laser Hair Removal Market Value Share (%), By Country/Sub-Region, 2025
- Figure 18: Asia Pacific Laser Hair Removal Market Value (USD billion), by Product, 2025 & 2034
- Figure 19: Asia Pacific Laser Hair Removal Market Value Share (%), by Product, 2025
- Figure 20: Asia Pacific Laser Hair Removal Market Value (USD billion), by End User, 2025 & 2034
- Figure 21: Asia Pacific Laser Hair Removal Market Value Share (%), by End User, 2025
- Figure 22: Asia Pacific Laser Hair Removal Market Value (USD billion), By Country/Sub-Region, 2025 & 2034
- Figure 23: Asia Pacific Laser Hair Removal Market Value Share (%), By Country/Sub-Region, 2025
- Figure 24: Latin America Laser Hair Removal Market Value (USD billion), by Product, 2025 & 2034
- Figure 25: Latin America Laser Hair Removal Market Value Share (%), by Product, 2025
- Figure 26: Latin America Laser Hair Removal Market Value (USD billion), by End User, 2025 & 2034
- Figure 27: Latin America Laser Hair Removal Market Value Share (%), by End User, 2025
- Figure 28: Latin America Laser Hair Removal Market Value (USD billion), By Country/Sub-Region, 2025 & 2034
- Figure 29: Latin America Laser Hair Removal Market Value Share (%), By Country/Sub-Region, 2025
- Figure 30: Middle East & Africa Laser Hair Removal Market Value (USD billion), by Product, 2025 & 2034
- Figure 31: Middle East & Africa Laser Hair Removal Market Value Share (%), by Product, 2025
- Figure 32: Middle East & Africa Laser Hair Removal Market Value (USD billion), by End User, 2025 & 2034
- Figure 33: Middle East & Africa Laser Hair Removal Market Value Share (%), by End User, 2025
- Figure 34: Middle East & Africa Laser Hair Removal Market Value (USD billion), By Country/Sub-Region, 2025 & 2034
- Figure 35: Middle East & Africa Laser Hair Removal Market Value Share (%), By Country/Sub-Region, 2025
- Figure 36: Global Laser Hair Removal Market Share (%), By Company, 2025
