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Personal Care Appliances Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Personal Care Appliances Global Market Report 2023 identifies increase in the e-commerce industry as the major driver for the Personal Care Appliances market's growth in the forecast period. The e-commerce industry refers to the transactions of sale of products online. E-commerce helps in easy promotion and sales of products to customers. For instance, according to India Brand Equity Foundation, a government-based promotion agency.
The global personal care appliances market size grew from $19.63 billion in 2022 to $21.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 market size of personal care appliances market is expected to grow to $28.22 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Personal Care Appliances market are Koninklijke Philips N.V., Conair Corporation, Dyson Ltd., Havells India Ltd., Helen of Troy Limited, Panasonic Corporation, Spectrum Brands Holdings Inc.
A key trend in the Personal Care Appliances market includes technological advancements. Companies are emphasizing launching new technologically advanced products to capture significant market share. For instance, in January 2021, Panasonic, a Japan-based conglomerate company operating in personal care appliances launched a new hair dryer (EH-NA67-W) for all ages and genders. The newly launched EH-NA67-W uses patented nanotechnology to reduce hair damage from daily brushing. Also, in August 2020, Philips, a Dutch conglomerate company operating in personal care appliances introduced a brand new Hair Clipper 3000 series under the male grooming category designed with advanced Dual Cut and Trim & Flow Technology.
Read More On The Global Personal Care Appliances Market Report Here:
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The Personal Care Appliances market is segmented -
• By Product: Hair Care, Hair Removal, Oral Care, Other Products
• By Distribution Channel: Online, Offline
• By End-Use: Female, Male
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Personal Care Appliances market.
The Business Research Company's "Global Personal Care Appliances 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 Personal Care Appliances Market Include:
1. Executive Summary
2. Personal Care Appliances Market Characteristics
3. Personal Care Appliances Market Trends And Strategies
4. Personal Care Appliances Market - Macro Economic Scenario
5. Personal Care Appliances Market Size And Growth
……………………………………………………
26. Africa Personal Care Appliances Market
27. Personal Care Appliances Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Personal Care Appliances Market
29. Personal Care Appliances Market Future Outlook and Potential Analysis
30. Appendix
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