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Hair Styling Tools Market Global Trends, Business Growth, Major Players And Forecast To 2032
Hair Styling Tools Market Analysis
The Business Research Company's Hair Styling Tools Global Market Report 2023 identifies growing need of grooming among the global population as the major driver for the hair styling tools market's growth in the forecast period. Grooming refers to the practice of cleaning and maintaining body parts offering a good appearance. The grooming need among the global population is growing due to increasing beauty and health awareness among people, confidence-boosting, self-care, fashion trends, and others, creating a significant demand for hair styling tools. The hair styling tools include hairdryers, hair straighteners, hair curlers, and various other products that add texture and volume to the hair, resulting in the best grooming.
The global hair styling tools market size grew from $27.47 billion in 2022 to $28.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hair styling tools market size is expected to grow to $35.15 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the hair styling tools market are Koninklijke Philips NV, Spectrum Brands Inc., Dyson Ltd., Conair Corporation, Panasonic Corp., Coty Inc., Procter and Gamble Co., Helen of Troy Ltd.
A key trend in the hair styling tools market includes technological advancement. The market is witnessing the incorporation of advanced technologies in hair styling tools such as innovative hair straightening brushes that provide natural hair straightening functions with maximum output and no risk of damage to the hair. These products offer benefits such as multiple use cases, reduced heat damage, and include an attractive design. Key companies with these products can attract new customers and increase sales. For instance, in September 2021, Shark Ninja, a US-based company offering hair care products introduced a new Shark HyperAIR™ Hair Dryer, an ultra-fast drying tool with no heat damage and styles for all hair types.
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The hair styling tools market is segmented -
1) By Type: Manual, Electric
2) By Product Type: Hair Dryers, Hair Curlers And Rollers, Hair Straighteners, Hair Styling Brushes And Combs, Others (Hair Scalp Massager)
3) By Distribution Channel: Hypermarkets And Supermarkets, Specialty Stores, Online Channels, Other Distribution Channels (Salons, Departmental Stores)
4) By Application: Household, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hair styling tools market.
The Business Research Company's "Global Hair Styling Tools Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hair Styling Tools Market Include:
1. Executive Summary
2. Hair Styling Tools Market Characteristics
3. Hair Styling Tools Market Trends And Strategies
4. Hair Styling Tools Forwarding Market - Macro Economic Scenario
5. Hair Styling Tools Market Size And Growth
…..
26. Africa Hair Styling Tools Market
27. Hair Styling Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hair Styling Tools Market
29. Hair Styling Tools Market Future Outlook and Potential Analysis
30. Appendix
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