Industry Background:
Hair dryer refers to grooming product for hair styling. Hair dryer market is growing owing to development in technology such as automated drying and chartable cordless dryers, innovative product features and improving the effectiveness of the hair styling products. Further, increasing popularity for the western lifestyle in key countries and increasing disposable income in developing countries also supplementing the growth of the hair dryer market.
According to AMA Research, the market for Hair Dryer is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rising Focus among Millennials on Physical Appearance
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Conair Corporation (United States), Panasonic (Japan), Dyson (United Kingdom), Philips (Netherlands), Shanghai Flyco Electrical Appliance Co., Ltd. (China), Tescom (United States), Vidal Sassoon (United States), Braun GmbH (Germany), Drybar (United States), Remington (United States), Good Hair Day (United Kingdom), T3 Micro (United States) and Valera, the Swiss Hair Specialists (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2023,Solano, one of the most trusted and dependable hair dryer brands in professional beauty, just found a new home with Kossof Beauty, LLC. The pro beauty company, which was founded by Alan Kossof, recently acquired the hair dryer brand from Beauty By Imagination
In January 2019, Volo Beauty launches cordless hairdryer integrated with a removable lithium-ion battery and infrared technology.Numerous players are present in the market hence fragmented nature of the market. A market leader such as Panasonic, Philips, TESCOM, Conair, Dyson, and others are focusing on technological developments in the hair dryer industry.
Influencing Trend:
Growing Use of Hair Dryers Owing to Their Effectiveness and Comfortability and Emphasizing on Innovations in Hair Care Appliances
Market Growth Drivers:
Rising Focus among Millennials on Physical Appearance and Changing lifestyle standards Fueled by Rising Disposable Income
Challenges:
Growing Dominance of Local Players’ Product
Restraints:
High Cost associated with Hair Dryers and Adverse Effect on Hair with Its Repeated Use
Opportunities:
Increasing Disposable Income in Low and Middle-Income Countries and Focus On Price Reduction through Product Invention
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hair Dryer Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hair Dryer Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hair Dryer players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hair Dryer Study Sheds Light on
The Hair Dryer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hair Dryer industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Dryer industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.