Hair Dryer Manufacturers Focus on Product Launch Activities, Market Estimated to Account for US$ 12.4 Bn by 2030: TMR

ALBANY, N.Y., Dec. 14, 2020 /PRNewswire/ -- Hair dryer refers to an electromechanical tool that holds an ability to blow cool or hot air over wet or damp hair. This product is gaining traction owing to its ability to help in accelerating the water evaporation process and making the hair dry in lesser time. As a result, there is remarkable growth in the use of hair dryer in all worldwide locations. Owing to this factor, the global hair dryer market is likely to show promising sales avenues in the assessment period of 2020–2030.

Analysts at TMR note that the global hair dryer market will show growth at a decent CAGR of ~6% during forecast period. Increased efforts of enterprises to offer innovative and cost-efficient products are likely to play key role in the expansion of the global hair dryer market in the upcoming years. 

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Key Findings of Hair Dryer Market Report

• The hair dryer market is expected to account for about US$ 12.4 Bn by the end of 2030.
• Among all product types, the wired hair dryers segment accounted for major market share in 2019.
• In terms of end-use, commercial end-use is dominant segment in the global hair dryer market.
• Asia Pacific is dominant region in the market for hair dryer.
• The abovementioned region is projected to maintain its dominant position in the hair dryer market during assessment period of 2020 to 2030.

Explore 150 pages of top-notch research, incisive insights, and detailed country-level projections on Hair Dryer Market (Product Type: Wired and Wireless; Price Range: Less than US$ 50, US$ 50 - US$ 100, and More than US$ 100; End Use: Individual and Commercial; and Distribution Channel: Online [e–Commerce Websites and Company-owned Websites] and Offline [Hypermarkets & Supermarkets, Departmental Stores, and Others]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/hair-dryer-market.html

Hair Dryer Market: Key Driving Factors and Promising Avenues

• The global hair dryer market is predicted to show promising expansion avenues in the assessment period 2020–2030. One of the important factors attributed to this growth is remarkable increase in number of professional salons in all worldwide locations.
• The market is expected to gather prodigious expansion opportunities on the back of increased research and development activities by market enterprises to improve the quality of their products.
• In recent few years, major population worldwide is more inclined toward personal grooming. This factor is predicted to impact positively on the overall expansion of hair dryer market in the forthcoming years.
• The global hair dryer market is experiencing remarkable growth in demand for wired hair dryers. This growth is on the back of diverse dynamics including low cost, low power consumption, sturdy product design and innovation, and lightweightness of this product. Thus, increased use of this product is predicted to help in the robust sales avenues in the global market for hair dryer in the assessment period 2020–2030.

Analyze hair dryer Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Hair Dryer Market: Competitive Assessment

• Presence of many active players makes the competitive landscape of the hair dryer market highly intense. Thus, market enterprises are utilizing different strategies to gain competitive edge.
• Many players in the market for hair dryer are launching technologically advanced products. Apart from this, several enterprises are growing interest in utilizing online promotional strategies. For instance, many companies are growing focus on showcasing the reviews of their products. This strategy is helping vendors to attract new customer base and thereby boosting their sales.
• The list of important companies working in the hair dryer market includes Dyson Limited, Panasonic Corporation, Groupe SEB, Procter & Gamble (Braun), Koninklijke Philips N.V., Conair Corporation, Inc., Spectrum Brands, Jemella Ltd (GHD), Ikonic (SSIZ INTERNATIONAL), and Helen of Troy.

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The hair dryer market can be segmented as follows:

Product Type

• Wired
• Wireless

Price Range

• Less than US$ 50
• US$ 50 - US$ 100
• More than US$ 100

End Use

• Individual
• Commercial

Distribution Channel

• Online
• e-Commerce Websites
• Company-owned Websites
• Offline
• Hypermarkets & Supermarkets
• Departmental Stores
• Others

Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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