The global hair dryer market size is predicted to expand exponentially in the forthcoming years. Hair dryers’ growing demand due to ease in usage is expected to favor market growth. The globally rising numbers of hair salons, coupled with the evolving consumer lifestyle trends are expected to bolster market expansion. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Hair Dryer Market, 2023-2030”. Additionally, the surging expenditure on personal grooming commodities, majorly by the female populace, is anticipated to be a key factor fueling market expansion in the forthcoming years.
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Fortune Business Insights™ lists out all the hair dryer market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
- Dyson Ltd.
- Beauty Elite Group
- Remington Arms Company LLC
- Sharp Corporation
- Group SEB
- Conair Corporation
- Philips India Ltd.
- Procter & Gamble Corporation
- Panasonic Corp.
Report Coverage-
- It covers information on the key strategies adopted by major market players to garner growth and uptick their market positions.
- It assesses the factors driving and restraining the market’s expansion.
- It includes information on vital growth opportunities in the market.
- It covers an analysis of the COVID-19 pandemic’s impact on the market.
- It offers information on various market segment and sub-segments.
Drivers & Restraints-
Rising Numbers of Hair Salons to Fuel Market Expansion
The frequent launches of innovative products and the steeply rising numbers of hair salons worldwide are expected to be the key factors boosting the global hair dryer market growth. The increasing consumer expenditure on personal grooming is anticipated to strengthen market expansion in the coming years. The newer generations’ evolving lifestyle trends, coupled with the increasing numbers of fashion and beauty-conscious individuals are expected to further amplify the market development. Furthermore, the expanding online sales for consumers’ rising inclination towards digital shopping for convenience and ease are also anticipated to favor the market’s expansion.
However, rising cases of hair damage owing to extensive hair dryer usage may obstruct the market expansion during the forecast period.
Regional Insights-
Asia Pacific to Bestride Global Market Due to High Product Demand
Asia Pacific is predicted to bestride growth in the global hair dryer market share. The high demand for advanced hair steamers, dryers, and other hair grooming products by large fashion professionals is anticipated to be a major factor bolstering market growth in Asia Pacific. The increasing consumer inclination towards buying hair care products is expected to complement market expansion in Asia Pacific. Further, the rising awareness of hair styling and fashion amongst youngsters is predicted to complement the region’s market expansion.
Europe is anticipated to attain substantial growth in the coming years. The rising technological advancements across the electronics manufacturing industry for producing innovative products, coupled with the growing demand for hair-dressing products is projected to foster market growth in Europe.
Segmentation-
On the basis of type, the market is bifurcated into corded and cordless. On the basis of application, the market is classified into commercial and residential. On the basis of distribution channel, the market is segmented into online retail, beauty & spa clinics, hair salons, offline retail, and others. Geographically, the market is categorized into South America, North America, Europe, Asia Pacific, and the Middle East & Africa.
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Hair Dryer Market Size Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Hair Dryer market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Hair Dryer market
The Global Hair Dryer Market Research/Analysis Report Contains Answers to your following questions:
- Which Manufacturing Technology is used for Hair Dryer ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Hair Dryer Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Hair Dryer Market? What Was Capacity, Production Value, Cost and PROFIT of Hair Dryer Market?
- What Is Current Market Status of Hair Dryer Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Hair Dryer Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Hair Dryer Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Hair Dryer Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Hair Dryer Industry? What are Global Hair Dryer Analysis Results? What Are Global Hair Dryer Development Trends?
- What Are Market Dynamics of Hair Dryer Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Hair Dryer Industry?
Competitive Landscape-
Key Players Introduce New Products to Attract Market Growth
The major market players adopt ingenious strategies, including expansions, acquisitions, contracts, mergers, partnerships, collaborations, and others, to magnify their global reach. They conduct extensive research and development activities to launch new products. For instance, Timeco launched its latest hair dryer, MODA ONE, in July 2020. The smart hair dryer has sensors that can detect moisture in the hair and automatically adjust heat and airflow for healthier and smoother hair.
Key Industry Developments-
- July 2021: Oppo launched Realme’s trimmer and hair dryer in India by partnering with Dizo Lifestyle.
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