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    Hair Styling Equipment Market Report

    Hair Styling Equipment Market Report
    Report code - SRCG275 Delivery - 2 Weeks
    Hair Styling Equipment Market Size, Share, Trend, Forecast, & Competitive Analysis: 20 See more...

    Market Insights

    The Global Hair Styling Equipment Market is estimated to grow from USD 31.39 billion in 2021 to USD 41.53 billion by 2028 at a healthy CAGR of 4.05% during the forecast period of 2022-2028.

    Hair Styling Equipment Market Size

    What are Hair styling equipments?

    Hair styling equipments 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.

    Market Dynamics

    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.

    • Increasing hairstyling fashion among all age groups coupled with rising appearance consciousness among the consumers is driving the growth of hair styling equipment.
    • Additionally, growing to emphasize on developing compact, innovative, and technologically advanced products by the market players is likely to propel the market growth significantly.
    • However, adverse effects of using hair styling tools on hair as chemicals are being used in the manufacturing of hair styling equipment is likely to hamper the market growth.

    COVID-19 Impact on Global Hair Styling Equipment Market

    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.

    Hair Styling Equipment Market Snapshot

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    Key Players

    Key players operating in the global Hair Styling Equipment market are-

    • 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.).

    Target Audience

    Here is the list of the group of customers that the Hair styling Equipment market hopes to have the greatest opportunity to convert-

    • Beauty & personal care products vendors
    • Hair styling equipment suppliers
    • Hair styling equipment manufacturers
    • Cosmetic companies
    • Logistics organizations

    Segment Analysis

    End-User Trends

    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.

    Regional Trends

    The market in Europe accounted for the largest market share in 2021 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.

    Market Segmentation

    Report Feature

    Market Segmentation

    4

    Regions Covered

    5

    Countries/Subregions Covered

    16

    Figures & Tables

    >90

    Company Profile

    9

     

    The market is segmented in the following ways:

    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

    Region

    • North America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
    • South America

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Hair Styling Equipment Market Features

    Market Size in 2021

    USD 31.39 billion

    Market Size in 2028

    USD 41.53 billion

    Market Growth (2022-2028)

    4.05% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Segments Covered

    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)

    Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America)

    Top Companies in 2022

    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.).

    Dominant Region

    Europe

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The hair styling equipment market is expected to grow at a CAGR of 4.05% 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 41.53 billion in 2028.

    Europe accounted for the largest share of hair styling equipment market in 2021.

    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.