Press release
Personal Care Appliances Global Market Report 2024 - By Size, Share, Trends, Demand, Growth, Forecast To 2033
The Business Research Company presents an extensive market research report on the Personal Care Appliances Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The personal care appliances market size has grown strongly in recent years. It will grow from $21.27 billion in 2023 to $22.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to changing lifestyles, smart personal care appliances, e-commerce growth, increased exposure to global beauty and grooming, environmental awareness.
The personal care appliances market size is expected to see strong growth in the next few years. It will grow to $29.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to smart personal care appliances, health and wellness emphasis, aging population, personal care appliancpersonalization and customization, rise in male grooming. Major trends in the forecast period include eco-friendly design, skin health focus, portable and travel-friendly, gender-neutral products, sonic and ultrasonic technology.
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Key Market Players:
Koninklijke Philips N.V., Conair Corporation, Dyson Ltd., Havells India Ltd., Helen of Troy Limited, Procter & Gamble Co., Panasonic Corporation, Spectrum Brands Inc., Conair Corporation, Andis Company, Dyson Limited, Samsung Electronics Co. Ltd., LG Corporation, Colgate-Palmolive Company, Wahl Clipper Corporation, Groupe SEB, Braun GmbH, Helen of Troy Limited, Havells India Ltd., Syska Group, VEGA Industries Pvt. Ltd., Philips India Limited, Nova Corp. Ltd., KENT RO Systems Ltd., Gillette India Limited, Bajaj Electricals Limited, Morphy Richards India, Remington India Ltd., Inalsa Appliances Ltd., Agaro Artisians Limited are prominent players in the industry.
Market Drivers:
The increase in the e-commerce industry is expected to propel the growth of the personal care appliances market going forward. 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 e-commerce market in India reached $52.57 billion and $67-84 billion in 2020 and 2021 respectively, and is expected to reach $350 billion by 2030. Therefore, the positive outlook of the e-commerce industry is driving the personal care appliances market.
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https://www.thebusinessresearchcompany.com/report/personal-care-appliances-global-market-report
Market Segments Include:
1) By Product: Hair Care, Hair Removal, Oral Care, Other Products
2) By Distribution Channel: Online, Offline
3) By End-Use: Female, Male
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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