Hair Styling Equipment Market Size to Grow by USD 4.30 Billion Due to Growing Advantage of Hair Styling Equipment

NEW YORK, August 5, 2022 /PRNewswire/ — The “Hair styling equipment market by distribution channel, end user, product, technology and geography (APAC, Europe, North America, Middle Eastand Africaand South America) – Forecast and Analysis Report 2022-2026″ has been added to Technavio’s offering. ISO 9001:2015 certified, Technavio has proudly partnered with more than 100 Fortune 500 companies for more than 16 years. The potential difference in the market growth of hair styling equipment is USD 4.30 billion between 2021 and 2026, according to Technavio’s latest market analysis report.Technavio’s analysts have categorized the global hair styling equipment market as part of the global hair care products industry. free time within global market for household durable goods. Growing advantage of hair styling equipment and product innovations leading to portfolio expansion and product premiumization are some of the key drivers of the market. However, factors such as the presence of fake products will drive the growth of the market.

Technavio has announced its latest market research report titled Hair Styling Equipment Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

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Key market segmentation insights:

The Hair Styling Equipment market report is segmented by distribution channel (offline & online), end user (professional & personal), product (dryer, hair straightener & styler), technology (corded & cordless) and geography (APAC, Europe, North America, Middle East and Africaand South America).

  • Regional opportunities: 39% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for the APAC hair styling equipment market. Market growth in this region will be faster than market growth in other regions. Rising disposable income, rapid urbanization, and grooming trend among men will facilitate the growth of the hair styling equipment market in Asia Pacific during the forecast period.

  • Revenue Generating Segment Analysis: The hair styling equipment market share growth from the offline segment will be significant during the forecast period. The offline distribution channel consists of specialty stores; hypermarkets, supermarkets, convenience stores and others. Mainly hypermarkets such as Walmart and Target offer hair styling equipment, and the increase in the number of stores and business expansion by retailers has fueled the demand for this equipment. In addition, salons and spas are gradually gaining popularity among consumers with busy work schedules. Thus, the expansion of offline distribution channels will drive the growth of the market during the forecast period.

See our sample report for additional insight into the contribution of all segments and regional capabilities

Market vendor landscape

  • The hair styling equipment market is fragmented and vendors are implementing organic and inorganic growth strategies to compete in the market. Vendors seek to gain more market share with various strategies and innovations to differentiate themselves from their competitors.

  • To make the most of the opportunities and recover from the post-pandemic impact, market vendors need to focus more on growth prospects in fast-growing segments while maintaining their positions in slow-growing segments.

  • The Hair Styling Equipment Market Forecast Report offers in-depth information about key vendor profiles. The profiles include information on the production, sustainability and outlook of the leading companies.

  • As hair trends are constantly changing, hairdressers and salon and spa professionals need advanced hair styling equipment to deliver desired results. Manufacturers provide travel-sized devices for users who need easily portable equipment while traveling.

  • Companies offer innovative products and solutions to stay top-notch in the market. For example, Conair Corp. offers a wide range of hair styling equipment such as hot air brushes, flat irons, curling irons and flat irons. Elena from Troy EOOD offers Revlon Salon one-step hair dryer and volume as hair styling equipment.
    Hindustan Unilever Ltd. offers hair care products such as texture and hold, hair restoration and more under the Tigi brand.

Some companies mentioned with their offers

  • To access more vendor profiles with their key offerings available with Technavio, Download a sample report

Related reports:

Market for hair styling products in Europe by product and geography – Forecast and analysis 2022-2026: The market share of hair styling products in Europe expected to grow to $1.43 billion from 2021 to 2026

Market for wigs and hair extensions by product and geography – Forecast and analysis 2022-2026:The market share of hair wigs and extensions is expected to increase by $5.26 billion from 2021 to 2026

Hairspray market by product and geography – Forecast and analysis 2021-2025: Hair spray market share should grow by $3.78 billion from 2020 to 2025 at a CAGR of 10.27%.

Hair products market by product and geography – Forecast and analysis 2021-2025: This hair products research report has the potential to grow $16.43 billion during 2021-2025 and the market growth momentum will accelerate at a CAGR of 3.73%.

Scope of the Hair Styling Equipment Market

Report coverage

Details

Page number

120

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.5%

Market Growth 2022-2026

$4.30 billion

Market structure

Torn apart

Year-on-year growth (%)

5.1

Regional analysis

APAC, Europe, North America, Middle East & Africa and South America

Effective market contribution

APAC at 39%

Key user countries

USA, China, Japan, Germany and UK

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Andis Co., Beauty Elite Group, Conair Corp., Coty Inc., Dafni Hair, Deva Concepts LLC, Drybar Holdings LLC, Dyson Ltd., Elchim Spa, Farouk Systems Inc., Hamilton Beach Brands Holding Co., Helen of Troy Ltd ., Hindustan Unilever Ltd., John Paul Mitchell Systems, Koninklijke Philips NV, LVMH Moet Hennessy Louis Vuitton SE, Panasonic Corp., Spectrum Brands Holdings Inc., TESCOM Co. Ltd. and The Procter and Gamble Co.

Market dynamics

Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market status for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

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Main topics covered:

1 Summary

2 Market landscape

3 Sizing the market

4 Five Forces Analysis

5 Market segmentation by distribution channel

6 Market segmentation by end user

7 Market segmentation by products

8 Market segmentation by technology

9 Customer landscape

10 Geographical landscape

11 Drivers, challenges and trends

12 Supplier landscape

13 Supplier Analysis

14 Appendix

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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