The Business Research Company’s Hair Styling Tools Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hair Styling Tools Global Market Report 2023 evaluates hair styling tools market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for hair styling tools exhibited substantial growth, expanding from a valuation of $27.47 billion in 2022 to an impressive $28.82 billion in 2023. This robust growth trajectory was underpinned by a notable Compound Annual Growth Rate (CAGR) of 4.9%. However, this period was marked by significant global challenges, most notably, the Russia-Ukraine conflict, which cast a shadow over the prospects of a swift global economic recovery from the protracted COVID-19 pandemic.
The ramifications of the ongoing war between Russia and Ukraine reverberated throughout the international landscape, casting uncertainty on multiple fronts. In response to the hostilities, various nations imposed economic sanctions, contributing to an escalation in commodity prices and widespread supply chain disruptions. This confluence of factors, in turn, triggered inflationary pressures, affecting the price dynamics of goods and services and reverberating across various sectors and markets worldwide.
Despite these challenging conditions, the hair styling tools market stands resilient and poised for continued growth. Projections indicate that the market is primed to expand further, with an estimated valuation of $35.15 billion by 2027. This anticipated growth trajectory is substantiated by a projected CAGR of 5.1%, underscoring the enduring demand for innovative and high-quality hair styling tools. The industry is set to adapt and evolve in response to these dynamic global circumstances, aligning itself with the evolving needs and preferences of consumers.
The hair styling tools market segments in the report are:
1) By Type: Manual, Electric
2) By Product Type: Hair Dryers, Hair Curlers And Rollers, Hair Straighteners, Hair Styling Brushes And Combs, Others (Hair Scalp Massager)
3) By Distribution Channel: Hypermarkets And Supermarkets, Specialty Stores, Online Channels, Other Distribution Channels (Salons, Departmental Stores)
4) By Application: Household, Commercial
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The table of contents in TBRC’s hair styling tools market report includes:
1. Executive Summary
2. Hair Styling Tools Market Characteristics
3. Hair Styling Tools Market Trends And Strategies
4. Hair Styling Tools Forwarding Market – Macro Economic Scenario
5. Hair Styling Tools Market Size And Growth
…
27. Hair Styling Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hair Styling Tools Market
29. Hair Styling Tools Market Future Outlook and Potential Analysis
30. Appendix
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