Hair dryer market size to grow by USD 1,962.02 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

2023-01-13 12:48:49 By : Mr. Shusen Dai

NEW YORK , Jan. 11, 2023 /PRNewswire/ -- The global hair dryer market size is estimated to increase by USD 1,962.02 million between 2022 and 2027. The market's growth momentum will progress at a CAGR of 5.01% - Request a sample report

Global hair dryer market – Vendor analysis Cordless Hair Trimmer

Hair dryer market size to grow by USD 1,962.02 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

Beauty by Imagination Inc. - The company offers hair dryers under two brands, namely Bio Ionic and Salona.

Conair Corp. - The company offers hair dryers such as natural texture styling system, turbo dryer, comabt dryer, shine dryer, frizz-free pro dryer, double ceramic dryer, and full body and shine pro hair dryer.

Dolphy India Pvt. Ltd. - The company offers wall and table-mounted hair dryer and black ABS hair dryer.

Dyson Technology India Pvt. Ltd. - The company offers supersonic hair dryer for various hair styling purposes in colors such as blue and pink.

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The global hair dryer market is fragmented, with the presence of a substantial number of international players as well as a few small-scale regional players. A few prominent vendors that offer hair dryer in the market are Beauty by Imagination Inc., Bio Ionic , Conair Corp., Dolphy India Pvt. Ltd., Dyson Technology India Pvt. Ltd., Elchim Spa, Havells India Ltd., IkonicWorld, John Paul Mitchell Systems, Koninklijke Philips NV, Ligo Electric SA, Orchids International, Panasonic Holdings Corp., Parlux Spa, Revlon Consumer Product Corp., Skyline Home Appliances, Spectrum Brands Holdings Inc., Syska Led Lights Pvt. Ltd., T3 Micro Inc., and Procter and Gamble and others.

The market will witness the entry of several new players during the forecast period. This, in turn, will intensify the level of competition among the existing players at a moderate rate during the forecast period.

Global hair dryer market - Customer landscape To help companies evaluate and develop growth strategies, the report outlines –

Global hair dryer market - Segmentation assessment

Segment overview Technavio has segmented the market based on product (corded hair dryers and cordless hair dryers) and end-user (professional usage and individual usage).

The market share growth of the corded hair dryers segment will be higher than the other segments during the forecast period. The popularity of corded hair dryers is increasing due to factors such as product innovation and design, low cost, low weight, improved results, and low time and power consumption. This, in turn, will drive the market's growth during the forecast period.

Geography overview Based on geography, the global hair dryer market is segmented into APAC, North America , Europe , South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the global hair dryer market.

APAC is estimated to account for 38% of the growth of the global market during the forecast period. The beauty and salon industry is growing at a significant pace in several countries across APAC owing to the entry of global players such as Toni and Guy, Jean-Claude Biguine Salon and Spa, and Saks Hair and Beauty salons. In addition, manufacturers are introducing advanced hair dryers in the region. These factors will drive the regional market growth during the forecast period.

Global hair dryer market – Market dynamics

Leading drivers - The increasing demand for low-cost hair dryers is driving the growth of the global hair dryers market. Many small players are manufacturing low-cost hair dryers that are comparable with branded hair dryers. They are mostly available at drugstores and online stores. These hair dryers are generally preferred used by individual users. Therefore, the rise in the number of affordable and advanced hair dryers is fueling the hair dryer market during the forecast period.

Key Trends - The growing popularity of tourmaline hair dryers is a key trend in the market. Tourmaline is a semi-precious stone that has natural ionic and infrared properties. It is generally used in irons, curling irons, and hair dryers and saves time and energy. The popularity of tourmaline hair dryers is increasing, as they are suitable for all hair types and are lightweight. In addition, manufacturers are introducing newer models of tourmaline hair dryers in various price categories. Therefore, the growing popularity of tourmaline hair dryers is supporting the growth of the market.

Major challenges - A fragmented market with slow industry growth is a major challenge for the global hair dryer market's growth. The global hair dryer market is highly fragmented and unorganized, with the presence of a few global players and many local players. This leads to price wars among sellers. Global players face competition from local players in emerging and developing markets. The global dryer market has matured in developed countries such as the US, Germany , France , Canada , South Korea , and Italy . The growth of the market in these countries is slow due to the early penetration of hair dryers. Moreover, the replacement rate of hair dryers is also low, as the average life of a hair dryer is 2- 4 years. These factors restrict the growth opportunities for sellers in developed countries.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this hair dryer market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the hair dryer market between 2023 and 2027

Precise estimation of the size of the hair dryer market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the hair dryer market across APAC, North America , Europe , South America , and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of hair dryer market vendors

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The hair styling equipment market size is expected to increase by USD 4.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.5%. This report extensively covers market segmentation by distribution channel (offline and online), end-user (professional and individual), product (dryer, straightener, and styler), technology (corded and cordless), and geography (APAC, Europe , North America , Middle East and Africa , and South America ).

The growth momentum of the electric fans market will accelerate at a CAGR of 3.09%, and the market size will increase by USD 2.70 billion from 2021 to 2026. This report extensively covers market segmentation by product (ceiling fans, floor fans, and wall mounted fans) and geography (APAC, Europe , North America , South America , and Middle East and Africa ).

Accelerate at a CAGR of 5.01%

APAC, North America, Europe, South America, and Middle East and Africa

US, China, Japan, Germany, and Brazil

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Beauty by Imagination Inc., Bio Ionic , Conair Corp., Dolphy India Pvt. Ltd., Dyson Technology India Pvt. Ltd., Elchim Spa, Havells India Ltd., IkonicWorld, John Paul Mitchell Systems, Koninklijke Philips NV, Ligo Electric SA, Orchids International, Panasonic Holdings Corp., Parlux Spa, Revlon Consumer Product Corp., Skyline Home Appliances, Spectrum Brands Holdings Inc., Syska Led Lights Pvt. Ltd., T3 Micro Inc., and Procter and Gamble

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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3.4 Market outlook: Forecast for 2022-2027

4.1 Global hair dryer market 2017 - 2021

4.3 End User Segment Analysis 2017 - 2021

6.3 Corded hair dryers - Market size and forecast 2022-2027

6.4 Cordless hair dryers - Market size and forecast 2022-2027

7.3 Professional usage - Market size and forecast 2022-2027

7.4 Individual usage - Market size and forecast 2022-2027

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Japan - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Brazil - Market size and forecast 2022-2027

10.3 Impact of drivers and challenges

12.6 Dyson Technology India Pvt. Ltd.

13.3 Currency conversion rates for US$

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Hair dryer market size to grow by USD 1,962.02 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

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