Hair Wigs and Extensions Market Size by Revenue to Reach USD 13.3 Billion by 2026 - Arizton

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Dec 13, 2021, 11:00 ET

CHICAGO, Dec. 13, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this hair wigs and extensions market report.

The hair wigs and extensions market is expected to grow at a CAGR of over 13% during the period 2020−2026.

Key Insights:

The interest in improving appearances and drop in new purchase of harmful chemical-laden products such as hair relaxers bodes well for the growth of the hair wigs and extensions market in Africa.
Hair from Indian temples is highly valued for making extensions and full-length wigs as it is often virgin and Remy. There has also been an increase in non-Indian hair sources over the last few years from countries such as Peru, Russia, and Brazil.
New entrants need to have professional personnel on the manufacturing side and high capital investment in developing new technology to effectively compete with established players.
Several small- and medium-sized manufacturers are cropping up in Asian countries, thereby fragmenting the market to a large extent. These manufacturers are catering to local and domestic beauty shops and are also providing training to the staff of beauty stores on how to use wigs and extensions.
The global demand for premium-quality hair products is influencing manufacturers to set up production facilities in Asian countries, mainly in China and India, and offer hair wigs and extensions at lower prices than those in international markets.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, hair types, end-users, distribution channels, and geography
Competitive Landscape – 3 key vendors, and 58 other vendors are profiled in the report

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Hair Wigs and Extensions Market – Opportunities Assessment

Payers in the hair wigs and extensions market offering discounted products to boost their sales volume and consequently achieve revenue growth. Companies with better financial resources can develop innovative products as well as source better quality hair, which could pose a threat to competitors' products and could make their products and services non-competitive and even obsolete, before they can recover the promotional and commercialization costs. The rising popularity of hair wigs and extensions, coupled with several international celebrities accepting and promoting the use of wigs and extensions and creating immense opportunities for the players in the market. The market for hair wigs and extensions in Germany is reaching maturity. Hence, new sales are expected to be driven by the launch of innovative products and those made with high-quality synthetic hair fibers.

Hair Wigs and Extensions Market by Products

Hair Extensions

By End-user

Lengthening and Volumizing
Coloring
Styling

By Fitting Type

Clip-in
Micro Link
Tape-in
Glue-in

By Hair Type

Human
Synthetic

Hair Wigs

By End-user

Leisure
Beautification
Functional

By Cap Type

Monofilament
Lace

By Hair Type

Human
Synthetic

Toupee

By Gender

Men
Women

By Hair Type

Human
Synthetic

Hair Wigs and Extensions Market by Hair Type

Hair Sourcing
By Product

Extensions
Wigs
Toupee

Synthetic
By Product

Extensions
Wigs
Toupee

End-users

Individual Consumers
Entertainment & Fashion Industry

Hair Wigs and Extensions Market by Distribution Channel

Offline
Online

Hair Wigs and Extensions Market by Geography

North America

US
Canada

Europe

UK
Germany
France
Spain
Italy

APAC

China
Japan
South Korea
Australia
India

Latin America

Brazil
Mexico

Middle East & Africa

South Africa
UAE
Nigeria

Key Drivers and Trends fueling Market Growth:

Growing Potential in Middle Income Consumers
Urban Community Imposing Image Makeovers
Increasing Use of Wigs in Fashion and Entertainment Industry
Growing Hair Fall Rate among Men and Women

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Prominent Vendors

Godrej
Great Lengths
Evergreen Product Group

Other Prominent Vendors

Aderans
Aleriana Wigs
Anhui Jinruixiang Hair Product Co. Ltd.
Artnature
AY Hair Products
Balmain Hair
Beaudiva
Bellami Hair
Bloomsbury Wigs
Bohyme
Charm Hair
CheapWigSales
Cinderella
Dan Choi's Remy New York
Diamond Hair Company
Dini Wigs
Diva Divine India
Donna Bella
Easihair Pro
Femme Hair & Beauty
FN LongLocks
Glam Seamless
Hair Life India
Hair Visions International
Hair Zone
Hairdreams
Hairlocs
His and Her Hair Goods
Human Hair Argentina
India Hair International (IHI)
Indique
Indo Hair
Just Extensions
Klix Hair Extensions
Locks & Bonds
Lord Hair
Lush Wigs
Luxy Hair
Madali
Mayvenn
OMG Queen
Paula Young
Racoon International
Rebecca
RichFeel
Ruimei Hair Products
Shake-n-Go Fashion (SNG)
SO.CAP.
THE HAIR SHOP
True Indian Hair
TSD Hair
Woven Hair
Xuchang Haoyuan
Xuchang Penghui
Xuchang Shengtai
YH Hair
Yinnuohair

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