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Personal Care Appliances Market Report 2024-2033 - Size, Growth, Key Trends & Forecast
Personal Care Appliances Market Report
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
Technological advancements are a key trend gaining popularity in the personal care appliances market. 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.
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Major Key Players of the Market:
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
Personal Care Appliances Market 2024 Key Insights:
• 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%.
• Growth Of The E-Commerce Industry Fuels The Demand For Personal Care Appliances
• Technological Innovations Bolstering The Personal Care Appliances Market
• North America was the largest region in the personal care appliances market in 2023
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