The size of the hair styling equipment market will grow by $ 4.30 billion due to the growing benefit 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) – The 2022-2026 Forecast and Analysis report “has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to have partnered with over 100 Fortune 500 companies for over 16 years. The potential growth difference for the hair styling equipment market between 2021 and 2026 is $ 4.30 billion, according to Technavio’s latest market analysis report. Technavio analysts ranked the global styling equipment market of hair as a part of the global leisure products industry within the global market for durable goods for the home. The growing advantage of hair styling equipment and product innovations leading to portfolio extension and product premiumization are some of the main drivers of the market. However, factors such as the availability of counterfeit products will challenge market growth.

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Key insights into market segmentation:

The Hair Styling Equipment market report is segmented by distribution channel (offline and online), end user (professional and individual), product (hair dryer, straightener and styler), technology (wired and wireless) and geography (APAC, Europe, North America, Middle East And AfricaAnd South America).

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

• Revenue-generating segment analysis: The growth in the hair styling equipment market share by the offline segment will be significant during the forecast period. The offline distribution channel includes specialty stores; hypermarkets, supermarkets, minimarkets and others. First, hypermarkets like Walmart and Target offer hair styling equipment, and an increase in the number of stores and business expansion by retailers has fueled demand for this equipment. Furthermore, salons and spas are gradually gaining popularity among consumers with busy working hours. Therefore, the expansion of offline distribution channels will drive the growth of the market during the forecast period.

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Market vendor landscape

• The hair styling equipment market is fragmented and suppliers are implementing organic and inorganic growth strategies to compete in the market. Suppliers aim to gain greater market share with different strategies and innovations to differentiate themselves from competitors.

• To make the most of opportunities and recover from the post-pandemic impact, market providers should 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 insights into key supplier profiles. Profiles include information on manufacturing, sustainability and the prospects of leading companies.

• As hairdressing trends change all the time, hairdressers and professionals in salons and spas require advanced hairdressing equipment to achieve the desired results. Manufacturers provide travel appliances for consumers who require easy portable equipment while traveling.

• Companies offer innovative products and solutions to stay at the top of the market. For example, Conair Corp. offers a wide range of hair styling equipment such as hot air brushes, flat irons, curling irons, and stylers. Helen of Troy Ltd. offers Revlon salon one-step hair dryer and volumize as hair styling equipment.
  Hindustan Unilever Ltd. offers hair care products such as hair texture and hold, hair repair and others under the Tigi brand.

Some companies mentioned with their offers

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Hair wigs and extensions market by product and geography – Forecasts and analyzes 2022-2026:The market share of wigs and hair extensions is expected to increase by 5.26 billion dollars from 2021 to 2026

Hair spray market by product and geography – Forecasts and analysis 2021-2025: The market share of hair sprays is expected to increase 3.78 billion dollars from 2020 to 2025 at a CAGR of 10.27%.

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

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Key topics covered:

1 Executive summary

2 Market panorama

3 Sizing of the market

4 Analysis of the five forces

5 Market segmentation by distribution channel

6 Market segmentation by end user

7 Market segmentation by product

8 Market segmentation by technology

9 Customer landscape

10 Geographic landscape

11 Drivers, challenges and trends

12 Vendor landscape

13 Supplier Analysis

14 Appendix

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