About Hair and Nail Accessories
Hair and Nail Accessories comprise of tools and objects that are worn by men and women of different ages according to their fashion taste. They primarily further beautify personality of an individual. Hair and Nail accessories majorly comprises of hair styling tools such as combs, hair straighteners or wigs, hair pins, nail cutters, etc. The growth of per capita income and rise of disposable income has also led to growth of this industry. People moving from rural to urban areas has also positively impacted the market of hair and nail accessories. Geographically, North America is the major market for hair and nail accessories. Although Asia Pacific has huge potential to grow especially with local emerging players and rising incomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market of hair accessories is expected to grow over the coming years with growing beauty care consciousness among masses. Rise of ecommerce industry has also led to this surge as now more things as accessible to people. High Disposable Income with Working Women is turning out to be a major driver for the growth of the hair and nail accessories market. Though the emergence of cheap local alternatives as well as, cheap manufacturing capitalising on economies of scale practised by Indian and Chinese manufacturers is also flooding the markets. Currently North America is a major hair and nail accessories market steadily followed by Asia Pacific region because of evolution of emerging economies in the region. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hair and Nail Accessories market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Goody Products Inc. (United States), Claire's (United States), Diana Enterprise USA, Inc. (United States), Hairline Illusions (United States), Novita Hair accessories (Greece), Sta-Rite Ginnie Lou Inc. (United States), Trìmoto (Switzerland), Nova (Japan), Goriki kogyo Co. Ltd. (Japan) and Dolce and Gabbana (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kemei (China), Nykaa (India) and The Hair Bow Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hair and Nail Accessories market by Type (Nail Tools and Hair Styling Accessories), Application (Beauty Salons, Dermatologists, Personal Use and Others) and Region.
On the basis of geography, the market of Hair and Nail Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use , the sub-segment i.e. Men will boost the Hair and Nail Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hair and Nail Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference of Ecommerce Stores for Cosmetics and Beauty Products Gaining Popularity
Market Growth Drivers:
Rising Disposable & Per Capita Income, Growth of Local and International Cosmetic and Related Industries and Change in Living Standards as More People are Moving to Urban Centres from Rural Areas
Challenges:
Wide Range of Alternatives and Maintaining the Authenticity and Integrity of the Accessories
Restraints:
Presence Of Counterfeit Products and Fluctuated Price Of Raw Material
Opportunities:
Availability of Wide Range of Products for Untapped Regions in Developing Countries
Market Leaders and their expansionary development strategies
In 2019, ACON Investments owners of Goody Products, Inc., a leading styling accessories manufacturer, has completed the acquisition of JD Beauty Co., which is another market leader in professional beauty products. ACON Investments has decided to merge both the beauty products and accessories companies together to provide iconic beauty solutions to consumers with combined expertise of both the companies.
In December 2023,Nail care brand Bio Sculpture has partnered with Rochelle Humes and Bryony Deery to celebrate their newly-launched matcha label with a limited-edition nail polish shade.
Key Target Audience
Hair and Nail Accessories Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.