Industry Background:
Since the awareness about hair accessories as well as hair grooming products has increased over the past decade, it will generate significant demand for hair accessories. Moreover, hairs play an integral role in improving an individual’s appearance. Thus, consumers want their hair to look healthy, shiny, and well-groomed hair add to an individual’s aesthetics. Hair accessories market includes products such as headbands, head warmers, hairpins, hair ties, hair combs, hair bows, crowns, butterfly clips, clasps, clutches, small pearls, and ribbon weaves, among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Claire's Accessories UK Limited (United Kingdom), Goody Products Inc. (United States), La-ta-da (United Kingdom), Evita Peroni (Hong Kong), Henry Margu, Inc. (Delaware), Hairline Illusions (United States), Diana Enterprise North America Inc. (United States), Sta-Rite Ginnie Lou (United States), Balmain (France) and Good Hair Days Inc. (United States) |
According to AMA, the market for Hair Accessories is expected to register a CAGR of 3.31% during the forecast period to 2028. This growth is primarily driven by Rising Awareness about Hair Grooming across the Globe and Growing Adoption of Hair Accessories by Individuals to Enhance their Aesthetics.
Globally, a noticeable market trend is evident Large Number of Manufacturers are Entering in Fashion Accessories Manufacturing Increasing Adoption of Hair Accessories in Men and Introduction to Fancy Accessories The Apparel, Accessories & Luxury Goods sector in the North America 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 Claire's Accessories UK Limited (United Kingdom), Goody Products Inc. (United States), La-ta-da (United Kingdom), Evita Peroni (Hong Kong), Henry Margu, Inc. (Delaware), Hairline Illusions (United States), Diana Enterprise North America Inc. (United States), Sta-Rite Ginnie Lou (United States), Balmain (France) and Good Hair Days Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Hair accessories market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity, developing innovative and new products to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In March 2023, Claire partnered with Asda. Asda stock products OF Claire in over 500 supermarkets across the UK. This partnership helped Claire to expand its presence in hair accessories market
In 2018, ACON Investments, L.L.C. has announced that it has signed a definitive agreement to buy Goody Products, Inc. which is an iconic manufacturer of hair styling tools and accessories from Newell Brands. The closing of the sale is subject to customary conditions, including regulatory approvals.
Influencing Trend:
Large Number of Manufacturers are Entering in Fashion Accessories Manufacturing Increasing Adoption of Hair Accessories in Men and Introduction to Fancy Accessories
Market Growth Drivers:
Rising Awareness about Hair Grooming across the Globe and Growing Adoption of Hair Accessories by Individuals to Enhance their Aesthetics
Challenges:
Continuously Changing Consumer Preferences and Dominance of Local Dealers and International Trade Barriers
Restraints:
Availability of Hair Styling Techniques without Accessories and Side- Effects of Moisturizing and Cleaning Substances such as Hair Gels, Shampoos, Wax and many others
Opportunities:
Growing Subscribers of Beauty Advice Websites and Magazines and Increasing Adoption of Additional Glitters with respect to Upsurging Disposable Incomes
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Hair Accessories Market
- Analysis about New Entrants in Hair Accessories Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hair Accessories Study Sheds Light on
The Hair Accessories Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hair Accessories industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Accessories 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.