The hair accessories global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hair Accessories Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hair accessories market size has grown rapidly in recent years. It will grow from $25.15 billion in 2023 to $28.62 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to popularity of elaborate hairstyles, cultural and societal significance of hair adornment, influence of fashion trends on hair accessory styles, increased disposable income and spending on personal grooming, traditional rituals and ceremonies involving the use of hair accessories.
The hair accessories market size is expected to see rapid growth in the next few years. It will grow to $47.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to adoption of sustainable and eco-friendly materials, growing demand for customizable and personalized hair accessories, expansion of e-commerce and online sales channels, influencer marketing and social media shaping hair accessory trends, rise in genz population. Major trends in the forecast period include integration of technology in smart hair accessories, resurgence of vintage and retro-inspired hair accessory styles, incorporation of innovative designs and materials, emphasis on multi-functional and versatile hair accessories, collaborations between fashion brands and hair accessory designers.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Increasing consumers’ focus on looks and aesthetics is expected to propel the growth of the hair accessories market going forward. Hair has a crucial function in enhancing one’s image, as healthy, lustrous, and well-groomed hair enhance a person’s appearance. People take care of their hair, try various haircuts, and accessorize in order to appear desirable, which increases the demand for hair care products. For instance, November 2021 according to survey done by Betterhalf.ai, a matrimony website and app in India, found that highest number of people, 43% consider ‘looks’ as the most important factor in a matrimonial profile. Therefore, the increasing consumer’s focus on looks and aesthetics is driving the demand for the hair accessories market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The hair accessories market covered in this report is segmented –
1) By Product Type: Clips and Pins, Headbands, Wigs and Extensions, Elastics and Ties, Other Products
2) By Distribution: Hypermarkets and Supermarkets, General Stores, Online or E-Commerce
3) By Application: Personal Application, Commercial Application
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Regional Insights –
North America was the largest region in the hair accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the hair accessories market report are Hairline Illusions LLC, Henry Margu Inc., Goody Products Inc., Diana Enterprise Inc., Conair Corporation, J & D Beauty Products Inc., Hennes & Mauritz AB, Forever 21 Inc., Fromm Holding AG, Annie International Inc., Silke London Ltd., Hair Drama Company, Bunzee Bands, Riot Accessories Ltd., SwirlyCurly LLC, SOQ Jewelry, Creative Findings, Good Hair Days, Jennifer Behr LLC, Lele Sadoughi LLC, PuffCuff LLC, Dongguan Yuanshan Webbing & Accessories Co. Ltd., Sta-Rite Ginnie Lou Inc., Novita Hair accessories, Evita Peroni International A/S, Claires Holdings LLC, Wigsroyal Hair Products, Vivica A. Fox Hair Collection, Remington Arms Company LLC, Bumble and Bumble LLC, Drybar LLC, Aveda Corporation, John Paul Mitchell Systems, Kenra Professional LLC, Henkel Corporation, Schwarzkopf Professional
Table of Contents
1. Executive Summary
2. Hair Accessories Market Report Structure
3. Hair Accessories Market Trends And Strategies
4. Hair Accessories Market – Macro Economic Scenario
5. Hair Accessories Market Size And Growth
…..
27. Hair Accessories Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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