Hair styling appliances market size grows by USD 4.30 billion due to the growing advantage of hair styling appliances

Hair styling appliances market size grows by USD 4.30 billion due to the growing advantage of hair styling appliances

NEW YORK, August 5, 2022 /PRNewswire/ — The “Hair styling equipment market by distribution channel, end user, product, technology and geography (APAC, Europe, North America, middle Eastand Africaand South America) – Forecast and Analysis 2022-2026″ has been added to Technavio’s offering. Technavio is ISO 9001:2015 certified and has been working with more than 100 Fortune 500 companies for over 16 years. The potential growth gap for the hair styling equipment market between According to Technavio’s latest market analysis report, 2021 and 2026 will be worth USD 4.30 billion Analysts at Technavio have categorized the global hair styling appliances market as part of the global leisure products industry within the global market for durable goods. The growing advantage of hair styling devices and product innovations leading to portfolio expansion and product premiumization are some of the key market drivers. However, factors such as the availability of counterfeit products will challenge the market growth.

Technavio has announced its latest market research report titled Hair Styling Equipment Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Technavio has announced its latest market research report titled Hair Styling Equipment Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

For key market dynamics and their impact analysis, Request a free sample now!

Key Insights on Market Segmentation:

The Hair Styling Appliances market report is classified by distribution channel (offline and online), end-user (professional and personal), product (dryers, straighteners and stylers), technology (wired and wireless), and geography (APAC, Europe, North America, middle East and Africaand South America).

  • Regional options: 39% of the market growth will come from APAC during the forecast period. China and Japan are the key markets for hair styling equipment market in APAC. Market growth in this region will be faster than market growth in other regions. Increasing disposable income, rapid urbanization and grooming trend among men will facilitate the growth of APAC hair styling equipment market during the forecast period.

  • Revenue-generating segment analysis: The growth in the market share of hair styling devices in the offline segment will be significant during the forecast period. The offline sales channel includes specialty stores; Hypermarkets, supermarkets, convenience stores and others. Primarily, hypermarkets such as Walmart and Target offer hairstyling devices, and an increase in the number of stores and store expansions by retailers has fueled demand for these devices. Additionally, salons and spas are becoming increasingly popular among consumers with hectic work schedules. Therefore, the expansion of offline sales channels will drive the market growth over the forecast period.

Check out our sample report for additional insights into the contribution of each segment and regional opportunities

Landscape of Market Vendors

  • The hair styling equipment market is fragmented and vendors are employing organic and inorganic growth strategies to compete in the market. Providers aim to gain larger market shares with different strategies and innovations in order to differentiate themselves from their competitors.

  • In order to make the most of the opportunities and recover from the post-pandemic impact, market providers should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

  • The Hair Styling Appliances Market Forecast report provides in-depth insights into the key vendor profiles. The profiles contain information on production, sustainability and perspectives of the leading companies.

  • As hairstyle trends keep changing, barbers and professionals in salons and spas need advanced hair styling tools to achieve the results they want. Manufacturers offer travel-size devices for consumers who need easily portable devices when traveling.

  • Companies offer innovative products and solutions to stay ahead of the market. For example, Conair Corp. a wide range of hair styling tools such as hot air brushes, straighteners, curling irons and stylers. Helen of Troy Ltd. offers Revlon Salon One-step hair dryer and volume as a hair styling device.
    Hindustan Unilever Ltd. offers hair care products such as hair texture and hold, hair repair and others under the Tigi brand.

Some companies mentioned with their offers

  • To access additional vendor profiles available at Technavio with their key offerings, Download sample report

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Hair Styling Products Market Europe by Product and Geography – Forecast and Analysis 2022-2026: The market share of hair styling products Europe is expected to increase $1.43 billion from 2021 to 2026

Market for wigs and hair extensions by Product and Geography – Forecast and Analysis 2022-2026:The market share of hair wigs and extensions is expected to increase by $5.26 billion from 2021 to 2026

Hairspray Market by Product and Geography – Forecast and Analysis 2021-2025: This should increase the hairspray market share $3.78 billion from 2020 to 2025 at a CAGR of 10.27%.

hair products market by Product and Geography – Forecast and Analysis 2021-2025: This research report on hair products has potential to develop further $16.43 billion between 2021 and 2025, and the growth momentum of the market will accelerate at a CAGR of 3.73%.

Scope of the hair styling equipment market

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 5.5%

Market growth 2022-2026

$4.30 billion

market structure

fragmented

YoY Growth (%)

5.1

Regional Analysis

APAC, Europe, North America, Middle East & Africa, and South America

make a market contribution

APAC at 39%

Important consumer countries

USA, China, Japan, Germany and Great Britain

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Andis Co., Beauty Elite Group, Conair Corp., Coty Inc., Dafni Hair, Deva Concepts LLC, Drybar Holdings LLC, Dyson Ltd., Elchim Spa, Farouk Systems Inc., Hamilton Beach Brands Holding Co., Helen of Troy Ltd ., Hindustan Unilever Ltd., John Paul Mitchell Systems, Koninklijke Philips NV, LVMH Moet Hennessy Louis Vuitton SE, Panasonic Corp., Spectrum Brands Holdings Inc., TESCOM Co. Ltd. and The Procter and Gamble Co.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Main topics covered:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Market Segmentation by End User

7 Market Segmentation by Product

8 Market segmentation by technology

9 customer landscape

10 Geographical Landscape

11 drivers, challenges and trends

12 provider landscape

13 Vendor Analysis

14 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies from 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

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