New York, Aug. 02, 2022 (GLOBE NEWSWIRE) — The Insight Partners has published a new comprehensive research report titled Hair Care Appliances Market Analysis and Projections for 2028, which delves into the factors propelling market growth, evaluates revenue forecasts, market share, and identifies key industry players along with their significant advancements. The surge in demand for affordable hair care products, coupled with the increasing impact of social media and heightened focus on personal grooming, is significantly driving market expansion. However, concerns regarding potential heat damage associated with hair care appliances pose challenges to continued growth in this sector.
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In-Depth Insights into Hair Care Appliances Market Dynamics
| Report Coverage | Details |
| Market Size Value in | US$ 14.44 Billion in 2022 |
| Estimated Market Size Value by | US$ 19.51 Billion by 2028 |
| Projected Growth Rate | CAGR of 5.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year for Analysis | 2022 |
| Total Number of Pages | 138 |
| Total Number of Tables | 58 |
| Total Number of Charts & Figures | 74 |
| Historical Data Availability | Yes |
| Market Segments Covered | Product Type, and Distribution Channel |
| Regional Scope of Analysis | North America; Europe; Asia Pacific; Latin America; MEA |
| Country Scope of Analysis | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report Coverage Details | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Competitive Landscape and Recent Innovations in the Hair Care Appliances Market
Key players dominating the hair care appliances market include industry giants such as Revlon Inc., Koninklijke Philips N.V., Dyson Limited, Jemella Ltd., Instyler, Kiss Products Inc., Toni & Guy, Cloud Nine, T3 Micro Inc., and Conair LLC. These leading market participants are actively employing diverse business strategies, particularly mergers and acquisitions, to enhance their global footprint and expand their consumer reach. For example, in February 2022, Revlon introduced a more user-friendly version of its hair dryer brush, catering to the evolving needs of consumers. Similarly, in July 2020, Philips launched cutting-edge hair care devices and DIY grooming solutions aimed at modern women.
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In 2021, the Asia Pacific region emerged as the dominant player in the hair care appliances market, a trend that is expected to continue throughout the forecast period. The rapid evolution of consumer lifestyles, driven by a growing awareness of hair health in countries such as China, India, and Australia, is greatly contributing to market growth. Notably, the increased adoption of hair dryers among men is gaining traction in this region. Moreover, the rising presence of hair care appliances manufacturers is fostering innovation, which will create further growth opportunities for the hair care appliances market in the coming years.
The proliferation of hair care appliances across multiple distribution channels—including supermarkets & hypermarkets, specialty stores, and online retail—is significantly boosting the hair care appliances market. Consumers are increasingly gravitating towards online shopping platforms due to the multitude of advantages they offer, such as substantial discounts, a wide variety of products from different brands, comprehensive customer reviews and ratings, and convenient home delivery services. Many manufacturers are now selling their products directly through their websites and popular online retailers. For instance, companies like Dyson and Koninklijke Philips N.V. utilize platforms like Amazon.com, Nykaa, and Sephora to broaden their customer base. They also operate their own online shopping portals, allowing consumers to purchase authentic products at competitive prices. As a result, the enhanced accessibility of hair care appliances at reasonable prices is propelling market growth.
When analyzing product types, the hair care appliances market is categorized into dryers and blowers, straighteners, curlers, and other appliances. In 2021, the dryers and blowers segment claimed the largest share of the market. This surge in demand is largely attributed to the rising use of hair dryers among men globally. Manufacturers are responding by offering innovative products featuring advanced technologies, such as ionic and tourmaline dryers equipped with various attachments, speed settings, and heat adjustments. Consequently, the ongoing development of cutting-edge hair dryers presents significant growth prospects for the market.
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The hair care appliances market is segmented by distribution channels, which include supermarkets and hypermarkets, specialty stores, online retail, and others. In 2021, the supermarkets and hypermarkets segment held the largest market share. These large retail establishments offer an extensive selection of products, including groceries, personal care items, and household goods. They provide a wide range of hair care appliances from various brands at competitive prices, enabling consumers to easily find the products that best meet their needs. Given their substantial customer traffic, hair care appliance manufacturers often prefer to distribute their products through these channels. Factors such as increased urbanization, a growing working-class demographic, and competitive pricing are enhancing the appeal of supermarkets and hypermarkets in both developed and developing nations.
The global hair care appliances market encompasses five primary regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The Asia Pacific region led the market in 2021 and is anticipated to achieve the highest CAGR during the forecast period. The increasing availability of hair care appliances at affordable prices in countries such as India and China has significantly boosted demand. Additionally, heightened consumer awareness regarding hair health is driving the market, as these appliances aid in effective hair care and minimize damage and breakage. In 2021, North America ranked as the second-largest market for hair care appliances, closely followed by Europe.
As of 2021, the Asia-Pacific region accounted for the largest share of the global hair care appliances market. The rising prevalence of consumers who prioritize hair health, the growing impact of social media on purchasing decisions, and the increased availability of hair care appliances at competitive prices are the main factors driving market growth.
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Geographically, the hair care appliances market is segmented into North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). The Asia Pacific region dominated the market in 2021, driven by heightened consumer concern for hair health and increased usage of hair dryers among both men and women. Moreover, the presence of major hair care appliance manufacturers in this region is creating further opportunities for market expansion.
Numerous industries, including consumer goods, encountered unprecedented challenges as a result of the COVID-19 pandemic. Factors such as raw material shortages, labor disruptions, and factory shutdowns due to safety protocols significantly affected the hair care appliances market. However, the recent vaccination campaigns have helped revitalize business activities globally, leading to a rebound in economic operations. Consequently, demand for hair care appliances is projected to rise worldwide in the upcoming years. Major manufacturers have resumed their operations, thereby restoring the production capacities for hair care appliances. Additionally, online sales of personal care products, including hair care appliances, witnessed steady growth during the pandemic, and consumers are expected to maintain their online shopping habits in the future. This trend is likely to present lucrative opportunities for the hair care appliances market moving forward.
The overall size of the hair care appliances market has been derived using a combination of primary and secondary research methodologies. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative information about the market. Additionally, multiple primary interviews have been conducted with industry stakeholders to validate data and gain further insights. These participants include VPs, business development managers, market intelligence experts, national sales managers, and external consultants such as valuation specialists, research analysts, and key opinion leaders in the hair care appliances market.
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Understanding the Impact of the COVID-19 Pandemic on the Hair Care Appliances Market
Various industries, particularly consumer goods, faced significant hurdles due to the COVID-19 pandemic. The temporary closure of manufacturing facilities severely impacted the production and distribution of products. In addition, the suspension of distribution networks, including supermarkets, hypermarkets, and retail outlets, hindered market growth. However, with the gradual recovery of economies, many manufacturers have resumed operations at maximum or full capacity. As a result, production volumes of hair care appliances began to rise from 2021 onward. Furthermore, demand for hair care appliances surged from the working demographic, which has contributed positively to market growth.
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