Hair Styling Equipment Market Is Projected to Grow at CAGR 5.6 % during the Forecast Period

The global hair styling equipment market valued more than USD 12.7 billon in 2015 owing to rising sales in Asia-Pacific region with high income population. Global hairstyling equipments market is expected to expand at a CAGR of 5.6% over the forecast period i.e. 2016-2024. Further the market is projected to reach USD 19.6 billion by the end of 2024.
The professional users segment is one of the major segments contributing to the growth of hairstyling equipment market. Professional users segment contribute more than 40% sales of hairstyling equipments in global hair styling equipments market. Professional users of hairstyling tools include salons, spas and hair care professionals. Rising number of salons significantly boost the sales of hair dryers, hot brushes, hair brushes and staightners.

Major Players: Philips N.V, Helen of Troy, Koninklijke Philips, Panasonic, TESCOM, Andis , Beauty Elite Group , Bio Ionic , Devacurl , Drybar , TESCOM, Dyson , Elchim , Farouk Systems, P&G, Unilever, Spectrum Brands.

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Geographically, Asia-Pacific is the dominating region for global hair styling equipments market. China, Japan, Korea and Australia are the dominating countries in Asia-Pacific region in terms of sales of hair styling equipment market. Asia-pacific is closely followed by Europe and North-America with more than 35% market share collectively. In past few years, Latin America has showcased significant growth in hair styling equipments market. Brazil is the dominating region in Latin America followed by Mexico. According to Unilever, more than 37% Brazilian women prefer to visit professional salon for hairstyling. There are more than 342,000 salons throughout Brazil, with heavy concentration in south-east region.

Market Overview:
Hair styling equipments market has been booming with rising expenditures of hair grooming and styling across the globe. Big market players are continually introducing innovative and wide range of hair styling equipments to allow individual consumers and salon professionals to create new looks. Global hair service market has grown drastically over the past few years, significantly rising the sales of hair styling equipments market. In 2015, U.S hair care services industry valued worth USD 20 billion with more than 82,000 beauty salons. Hair styling products that do not harm consumer’s hair are in high demand. Farouk Systems, a U.S based company manufactures more than 1,000 products including hairstyling equipments for professional salons and exports to more than 100 countries. Farouk Systems are using nano materials in their hair iron; the company is also using  nano material in a wide-ranging line of hair brushes, curling irons and hair dryers. The nano ceramic metallic composite used in hairstyling irons and outlet of hairdryers releases the beneficial ions and infrared wavelengths that protect hair from harmful effect of heat. Innovation of new products that are attracting the new consumer base is expected to hike up the sales of hair styling equipment market. Many companies are adopting different business strategies to sustain rising market competition from new players. In 2016, JD beauty group acquired the brand Teez with Eez, a hair styling tools manufacturing company. Later in January 2017, JD beauty Group also announced the partnership with kirschner Group Inc., to expand their business together and to establish strong presence in global market

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Market Drivers and Challenges:
Growing demand for portable and lightweight hair styling tools is the key factor driving the growth of hair styling equipment market. Consumers prefer light weight equipments while handling hair styling tools for ease of hair styling. Innovation plays a significant role in growth of market as it fulfills the consumer demand of better features with improved quality. Evolving fashion trends in hair styling, is one the major factor driving the growth of global hair styling equipments market. Rapidly changing hairstyle trends lavishly featured in movies and fashion runways are considerably impacting the sales of hair styling equipment market, as consumers are always trying these new trends by their own or request these new looks from their salon experts. Growing professional salon service industry opened vast avenues for new opportunities for the marketers of hair styling equipments. Good players of beauty and personal care market are entering to this segment, offering vicious competition to well-established marketers. For instance, L’Oreal Professional and Rowenta Salon teamed up and launched their revolutionary hair styling tool that uses pro-keratin technology with steam to straighten and smoothen the hair, providing extra protection to hair from heat damage.

By Geography
o North America (US, Canada) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

REASONS TO PURCHASE THIS REPORT

  • Identify the drivers, restraints, and opportunity possessed by the global Hair Styling Equipment market with in-depth analysis.
  • Analyze the various perspectives of the global market dynamics with the help of Porters five forces analysis.
  • Identify the most dominating type of service and application with forecasted market estimate for the global Hair Styling Equipment market.
  • Identify the largest, fastest growing, and significant regions during the forecast period with in-depth analysis.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel).

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Dr Nancy Miller

Dr Nancy Miller has over 20 years experience as a educator and health practitioner. She has a B.S. from Lake Head University In Thunder Bay, and a Ph.D. in biology from the University of Guelph . Dr. Miller has worked as a special medical consultant for a major insurance provider before becoming a freelance health author and public speaker. There are several ways to contact Dr. Miller here.

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