Hair Styling Equipment Market Report
Global Hair Styling Equipment Market is segmented By Product Type (Hair Dryers, Hair Curlers & Rollers, Hair Straighteners, Hair Styling Brushes & Combs, Others), By End User (Household, Commercial), By Distribution Channel (Offline, Online), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Hair Styling Equipment market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.
Global Hair Styling Equipment Market is segmented By Product Type (Hair Dryers, Hair Curlers & Rollers, Hair Straighteners, Hair Styling Brushes & Combs, Others), By End User (Household, Commercial), By Distribution Channel (Offline, Online), and Region....
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Hair Styling Equipment Market is estimated to grow from USD 30.1 billion in 2020 to USD 38.3 billion by 2026 at a healthy CAGR of 4.1% during the forecast period.
Figure: Global Hair Styling Equipment Market Size, 2020-2026 (USD Billion)
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Hairstyling tools are used for styling hair by adding texture or curls. Some of the commonly used hair styling tools include hair dryers, hair curlers & rollers, hair straighteners, hair styling brushes & combs, and others. A hairdryer is a highly demanded product due to its easy affordability and applicability followed by hair straighteners.
Key players operating in the global Hair Styling Equipment market are-
With the growing prevalence of traditional barbering and grooming techniques, the demand for hair styling products is likely to gain pace in the coming years.
The product is being widely used by young people across geographies as a result of growing fashion trends coupled with purchasing power of the consumers.
Additionally, changing grooming patterns coupled with wide penetration of salon services is also propelling the growth of the hair styling equipment market. The product is being widely used in commercial applications such as salons, spas, and beauty institutes.
The market in Europe accounted for the largest market share in 2020 due to high demand for technologically advanced hair styling products in countries such as UK and Germany.
The Asia Pacific hair styling equipment is projected to register fastest growth during the review period. Rising population, increasing penetration beauty salons, and increasing personal grooming trend are the key factors propelling the market growth in the region. Increasing purchasing power of the consumers in the developing countries is likely to further drive the product consumption.
The global beauty & personal care industry has been hit hard due to the outbreak of coronavirus.
The closure of salons and spa due to enforcement of lockdown to prevent the spread of virus affected the product demand. The economic magnitude of the COVID-19 virus on retailers and brands were high. Additionally, supply chain disruptions as a result of lockdown across geographies further affected the product demand.
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Here is the list of the group of customers that the Hair styling Equipment market hopes to have the greatest opportunity to convert-
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The hair styling equipment market is expected to grow at a CAGR of 4.1% CAGR in the foreseeable future.
Conair Corporation (The U.S.), Panasonic Corporation (Japan), Koninklijke Philips N.V. (Netherlands), The Procter & Gamble Company (The U.S.), Dyson Limited (UK), Helen of Troy Limited (The U.S.), Spectrum Brands Holdings, Inc. (The U.S.), Good Hair Day (UK), and Ikonic (The U.S.) are among the key players in the hair styling equipment market.
The hair styling equipment market size is expected to reach USD 38.3 billion in the coming years.
Europe accounted for the largest share of hair styling equipment market in 2020.
Asia-pacific is projected to register the fastest growth in hair styling equipment market during the forecast period.
Beauty & personal care products vendors, Hair styling equipment suppliers, Hair styling equipment manufacturers, Cosmetic companies, Logistics organizations are the target audience in the hair styling equipment market.