The manufacturers are further adopting advanced technology to develop smart personal care products that will contribute to the growth of the global hair styling tools market during the forecast period.Įurope to Remain at the Forefront Increasing Number of Hair Salons to Augment GrowthĪmong all the regions, Europe is expected to remain dominant and hold the highest position in the global hair styling products market. Additionally, increasing spending on personal care services by the Gen X is expected to drive the demand for advanced hair styling tools during the forecast period. The high presence of the younger population is propelling the demand for premium grooming products. Census Bureau, the millennial population has surpassed the baby boomers as the largest living adult generation in the U.S. Presence of Gen X to Surge the Adoption of Innovative Hair Styling ToolsĪccording to the U.S.
#HORIZON LANDSCAPE SUPPLY PORTABLE#
However, the increasing focus on developing innovative portable hair styling tools by the manufacturers will favor market growth in the near future. This is hindering the market growth to some extent. Additionally, the government has ordered the shutdown of various shops and establishments including hair salons and grooming services. To contain the spread of the novel coronavirus, people have been advised to stay confined at home spaces. The enforced lockdown has resulted in the complete halt of operations that has led to unprecedented economic loss across the globe. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market strongholds between 20. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period.
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The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. The segment held a market share of about 42.82% in 2019. The hypermarkets/supermarkets segment, based on the distribution channel, is anticipated to gain momentum backed by the large availability of grooming products and hair styling tools across stores globally. Hypermarkets/Supermarkets Held a 42.82% Market Share in 2019 Increasing Adoption of Smart Styling Tools to Augment Market Growthīrowse Detailed Summary of Research Report with TOC: Increasing Awareness of Adverse Chemical Treatment Reactions to Boost Demand for Hair Appliances Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends Koninklijke Philips N.V., (Amsterdam, Netherlands).List of Key Players Profiled in the Hair Styling Tools Market : ”, mentions that the market stood at USD 30.09 billion in 2019 and is projected to showcase an exponential growth in the forthcoming years. Fortune Business Insights, in its latest report, titled, “Hair Styling Tools Market Size, Share & Industry Analysis, By Product Type (Manual and Electric (Dryer, Straightener, Curler, and Others)), Application (Household and Commercial), Distribution Channel, and Regional Forecast, 2023-2027. This is attributable to the presence of younger generation that drives the demand for advanced smart hair styling tools across the globe. 13, 2023 (GLOBE NEWSWIRE) - The global hair styling products market size is expected to reach USD 39.63 billion by 2027 while exhibiting a CAGR of 3.7% between 20.
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