Stratview Research has published a new report on the Hair Styling Equipment Market, segmented By Product Type (Hair Dryers, Hair Curlers & Rollers, Hair Straighteners, Hair Styling Brushes & Combs, Others), By End User (Household, Commercial), By Distribution Channel (Offline, Online), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The Global Hair Styling Equipment Market is estimated to grow from USD 30.1 billion in 2020 to USD 38.3 billion by 2026 at a healthy CAGR of 4.1% during the forecast period.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Hair Styling Equipment Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
The product is being widely used by young people across geographies as a result of growing fashion trends coupled with purchasing power of the consumers. Additionally, changing grooming patterns coupled with wide penetration of salon services is also propelling the growth of the hair styling equipment market. The product is being widely used in commercial applications such as salons, spas, and beauty institutes.
The market in Europe accounted for the largest market share in 2020 due to high demand for technologically advanced hair styling products in countries such as UK and Germany. The Asia Pacific hair styling equipment is projected to register fastest growth during the review period. Rising population, increasing penetration beauty salons, and increasing personal grooming trend are the key factors propelling the market growth in the region. Increasing purchasing power of the consumers in the developing countries is likely to further drive the product consumption.
Following are the key players in the Hair Styling Equipment Market:
· Conair Corporation (The U.S.),
· Panasonic Corporation (Japan),
· Koninklijke Philips N.V. (Netherlands),
· The Procter & Gamble Company (The U.S.),
· Dyson Limited (UK),
· Helen of Troy Limited (The U.S.),
· Spectrum Brands Holdings, Inc. (The U.S.),
· Good Hair Day (UK), and
· Ikonic (The U.S.).
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