08 October 2022
Douglas Insights, the world's first-ever comparison engine for market research reports, has added Hair Care Appliances Market Research Reports to its database. Market experts, researchers, analytics, business professionals, and industry specialists can now assess past, current, and future market trends, important growth drivers, market restrictions, hurdles, and projections related to this market. Douglas Insights provides researchers with a digital platform that will help them access a vast range of private and public market reports, allowing them to assess and contrast different reports based on their ratings, lists of contents, dates of publication, and prices.
Hair care appliances fall under the category of personal care products. These appliances are meant to style and groom the hair while causing minimal damage. Popular hair care appliances include curling irons, blow dryers, straightening irons, hair removal devices, and more. The global hair care appliances market experienced a fall in sales to supply disruptions caused by the pandemic. However, since the situation has improved and businesses are again up and running, the hair care appliances market is expected to flourish in the upcoming year. This market is expected to grow at a CAGR of 6.8% from 2022 to 2031.
One of the primary factors driving the global hair care appliances market is customers' increasing concern about their personal appearance, especially their hair. Men and women use these appliances to create different hairstyles that help them express themselves and receive compliments. Great hair also helps boost self-esteem, so people increasingly demand hair care appliances. Moreover, hair care appliances are also increasingly being used by professional hair stylists and hair treatment spas, further propelling this market's growth.
Now that covid-19 restrictions have eased, there has been an increase in social gatherings, parties, weddings, concerts, and other public events where people like to dress up to look their best. Thus, this rise in social activities is also fuelling the growth of the hair care appliances market.
Furthermore, hair care appliance manufacturers are increasingly shifting to online selling to boost their global reach, allowing customers to order from them from any part of the world. Online selling platforms offer customers access to authentic hair care appliances at discounted prices. Thus, rising online sales is another significant factor driving the growth of the hair care appliances market.
Hair care appliance manufacturers are also increasing research and development efforts to introduce innovative hair care appliances that deliver many benefits to the hair. Traditional hair care appliances were used only for styling purposes, whereas the latest products also have hair protection and nourishment properties. For example, many brands have introduced blow dryers that offer fast drying and styling with minimal heat damage. Companies are also offering rechargeable and cordless hair care appliances that are ideal for customers who are always on the go. These improved technologies create numerous growth opportunities in the hair care appliance market. However, many customers are concerned about hair damage caused by hair care appliances which may hinder the growth of this market.
The global hair care appliances market can be divided into four primary regions: Europe, North America, Asia Pacific, South and Central America, and the Middle East, Africa, and Asia. The Asia Pacific region dominates this market due to the increasing demand among customers for personal grooming products. Since major hair care appliance manufacturers are present in the Asia Pacific region, this also contributes to the market dominance of this region.
Key players in the hair care appliances market include Remington, Tony & Guy, Revlon Inc., Koninklijke Philips N.V., Dyson Limited, Cloud Nine, T3 Micro Inc., and many others.
Although some global markets flourished, including pharmaceuticals, healthcare, and online shopping, they were a handful, considering most of the international markets nearly collapsed. Sales and profitability took a nosedive as these sectors faced extensive restraints due to broken supply chains, restricted logistic conditions, lack of trade, and reduced consumer spending.
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