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    Hair Styling Equipment Market Report

    Hair Styling Equipment Market Report
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    Global Hair Styling Equipment Market, Trends, Dynamics, Market Analysis
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    Impact of COVID-19 on Hair Styling Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Hair Styling Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.

    Market Insights

    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)

    Hair-Styling-Equipment-Market-Forecast

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    What are Hair styling tools?

    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

    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.).

    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.

    Market Segmentation

    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 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.

    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.

    Critical questions answered in the report-

    • What are the key trends in the global hair styling equipment market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global hair styling equipment market?
    • What are the key strategies adopted by the major vendors to lead in the global hair styling equipment market?
    • What is the market share of the top vendors?

    Get a sneak peek into the market segmentation – Here.

    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

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    Custom Research: Stratview research offers custom research services across 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 [email protected].

    Frequently Asked Questions (FAQs)

    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.

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