Technavio's Hair Dryer Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers
NEW YORK, Jan. 4, 2022 /PRNewswire/ -- The latest research report "Hair Dryer Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025", by Technavio infers the market to be driven positively by the increasing low-cost hair dryers. The report also suggests the organic pigment market witness an accelerating growth momentum at a CAGR of 4.36% during the forecast period.
Resulting in a market growth of USD 1.46 billion from 2020 to 2025, read additional information about the market, Get a FREE sample report.
Vendor Landscape
The hairdryer market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The prominent vendors are expected to focus on developing solutions for autonomous parking during the forecast period. Vendors have a large selection of high-quality hair dryers, which adds to their product distinction. Furthermore, the vendors have a dedicated customer base and invest much in product development. The market will witness the entry of several new players, which will moderately intensify the level of competition among the existing players during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Beauty by Imagination Inc.
- Conair Corp.
- Coty Inc.
- Dyson Ltd.
- Havells India Ltd.
- Koninklijke Philips NV
- MacAndrews and Forbes Inc.
- Orchids International
- Panasonic Corp.
- Skyline Home Appliances
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Product:
- Corded hair dryers:
- The corded hair dryers segment has seen a significant increase in market share. Corded hair dryers are still gaining traction owing to the factors such as product innovation and design, low cost, lightweight, better results, and less time and power consumption. Hairdryers that are light in weight allow the user to work evenly on all sides of the hair and do not cause pain when held. Hence, they are preferred by professionals as well as individual users.
- Tourmaline technology hair dryers are rapidly gaining momentum over other technologies like ionic and ceramic hair dryers. Overall, the corded hair dryers segment is expected to grow at an accelerating rate during the forecast period.
- Cordless hair dryers
Request a FREE Sample of this report for more highlights into the market segments.
Regional Market Outlook
APAC will contribute 38% of the market growth during the forecast period. China and Japan are the key markets for hair dryers in APAC. One of the main factors driving the hairdryer market expansion in APAC over the forecast period is the increasing low-cost hair dryers.
The entry of worldwide players such as Toni and Guy, Jean-Claude Biguine Salon & Spa, and Saks Hair and Beauty salons, among others, is a major driving element. The changing work culture and rapid urbanization are the key reasons for increased spending on hair care in this region. Thus, with the expansion of professional hair care salons, the demand for hair dryers is expected to increase over the forecast period in APAC.
Apart from regions, if we look at the country-wise market growth, Europe, North America, South America, and MEA will contribute to the highest market growth.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Hair Dryer Market
- Market Driver:
- Increasing low-cost hair dryers:
- The global hair dryer market is driven by the increasing low-cost hair dryer manufacturing. Vendors are focusing on developing and launching hair dryers that are cheap and less harmful to hair. The market in focus is predicted to register growth during the forecast period.
- The growing popularity of tourmaline hair dryers is also equally driving the hairdryer market. Tourmaline hair dryers use negative ions and infrared heat to seal the hair cuticles and retain moisture for shinier results. All hair types can benefit from tourmaline hair dryers. In addition, they are lighter in weight. Tourmaline hair dryers are becoming increasingly popular among consumers as a result of these benefits.
- Market Trend:
- Growing spending by consumers on professional salons and hair styling tools:
- Consumer expenditure on professional salons and hairstyling tools is driving the worldwide hair dryer industry. With the expansion of social media, the latest beauty trends have changed a lot. This has led to a sudden market spike in the hairdryer market share. Hairdryers, continue to be the most popular beauty tools globally, according to the Philips Global Beauty Index 2020, with 76 percent of women saying that they use a hairdryer regularly. This will lead to hairdryer market growth during the forecast period.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
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Hair Dryer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2021-2025 |
$ 1.46 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.68 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 38% |
Key consumer countries |
US, China, Japan, Germany, and Brazil |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Beauty by Imagination Inc., Conair Corp., Coty Inc., Dyson Ltd., Havells India Ltd., Koninklijke Philips NV, MacAndrews and Forbes Inc., Orchids International, Panasonic Corp., and Skyline Home Appliances |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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