Hair Styling Tools Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Hair Styling Tools Market
The hair styling tools market size was valued at USD 30.09 billion in 2019, and the market is now projected to grow to USD 51.44 billion by 2032, exhibiting a CAGR of 4.36% during the forecast period of 2019-2032.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the hair styling tools market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. The pandemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this. The market is expected to grow slowly. However, subject to the treatment segment returning to its regular operations, the product demand will gradually revert to its historical estimations as lockdown requirements are gradually relaxed.
Raising awareness about adverse chemical treatment reactions to increase demand for hair appliances will propel hair styling tools market growth forecast period. One of the primary drivers of the hair styling tools market is the growing grooming demand among the global population. However, chemical treatments meant for permanent/temporary hair straightening or relaxing can have negative health consequences. The chemical formulations employed in such operations contain various active chemicals, including formaldehyde, which is a carcinogen and so causes severe cancer conditions.
Energy-efficient electric hair styling tools are gaining popularity during forecast period. Dryers and straighteners that use less energy are becoming more popular as people become more aware of the importance of conserving energy. For example, Philips' DryCare Essential 1600W hair dryer has a unique fan technology that saves up to 23% more energy than the 2100W Philips dryer. Furthermore, legislative programs such as the EU's Ecodesign Directive, which prohibits the use of high-energy-consuming appliances, will accelerate the creation of eco-friendly product designs. As a result, manufacturers are working to produce energy-efficient hair styling equipment to entice customers.
Comprehensive Analysis of Hair Styling Tools Market
The hair styling tools market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the personal care benefit management industry. These segmentations are methodically segregated by Product Type, by Application and by Distribution Channel. The Product Type segmentations include Manual and Electric (Dryer, Straightener, Curler, and Others)), Application segmentations include Household and Commercial, by Distribution Channel segmentations include Hypermarkets & Supermarkets, Specialty Stores, Online Channels, Others (Salons, Departmental Stores, etc.).
The Europe region lead the hair styling tools market by benefitting a market size of USD 12.03 billion in 2019 due to raising awareness about adverse chemical treatment reactions and energy-efficient electric hair styling tools.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These key industry players include, Koninklijke Philips N.V., (Amsterdam, Netherlands), Spectrum Brands, Inc. (Middleton, United States), Dyson Ltd. (Malmesbury, U.K.), Conair Corporation (Stamford, U.S.), Panasonic Corp. (Osaka, Japan), Coty Inc. (New York, U.S.), Procter & Gamble Co. (Ohio, U.S.), Helen of Troy Ltd. (Bermuda, U.K.), WAHL Clipper corp. (Illinois, U.S.), Hamilton Beach Brands (Virginia, U.S.) these market players provide a level-playing competitive landscape.
In Marc 2020, Dyson's latest Corrale hair straightener features flexing plate technology.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By Product Type, Application, Distribution Channel, and Geography
By Product Type
Manual
Electric
Dryers/Blowers
Straighteners
Curlers
Others (Hair Crimpers, Hot Brush, etc.)
By Application
Household
Commercial
By Distribution Channel
Hypermarkets & Supermarkets
Specialty Stores
Online Channels
Others (Salons, Departmental Stores, etc.)
By Geography
North America (By Product Type, By Application, By Distribution Channel, and By Country)
The U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Type, BY Ingredients, By Form, and By Country )
Germany (By Product Type)
Spain (By Product Type)
UK (By Product Type)
France (By Product Type)
Italy (By Product Type)
Rest of Europe (By Product Type)
Asia Pacific (By Type, BY Ingredients, By Form, and By Country )
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
Australia (By Product Type)
Rest of Asia Pacific (By Product Type)
South America (By Type, BY Ingredients, By Form, and By Country )
Brazil (By Product Type)
Argentina (By Product Type)
Rest of Latin America (By Product Type)
The Middle East & Africa (By Type, BY Ingredients, By Form, and By Country )
The Middle East (By Product Type)
Africa (By Product Type)
UAE (By Product Type)
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