Technavio has been monitoring the hair dryer market, operating under the consumer discretionary. industry The latest report on hair dryer market, 2020-2024 estimates it to register an incremental growth of USD 1.03 bn, at a CAGR of about 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Hair Dryer Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Beauty by Imagination Inc., Conair Corp., Coty Inc., Dyson, Havells India Ltd., Koninklijke Philips NV, Orchids International, Panasonic Corp., Revlon Inc., and Skyline Home Appliances are among some of the major market participants.
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The increasing availability of low-cost hair dryers has been instrumental in driving the growth of the market. The increasing popularity of economic hair dryers will encourage major market players to extend their product line and offer products for the economical end-user segment. However, the perceived side effects of hair dryers due to improper usage in emerging economies might hamper the market growth.
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Hair Dryer Market 2020-2024: Segmentation
Hair Dryer Market is segmented as below:
Corded Hair Dryers
Cordless Hair Dryers
Based on geographic segmentation, over 41% of the market’s growth originated from APAC during the forecast period due to the increasing demand for economical hair dryers in China and Japan. In addition, corded hair dryers led the market share in the product segment due to factors such as low cost and power consumption. This report provides an accurate prediction of the contribution of all the segments to the growth of the hair dryer market size.
Hair Dryer Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hair dryer market report covers the following areas:
Hair Dryer Market Size
Hair Dryer Market Trends
Hair Dryer Market Industry Analysis
This study identifies the growing popularity of tourmaline hair dryers as one of the prime trends expected to boost the hair dryer market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hair Dryer Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist hair dryer market growth during the next five years
Estimation of the hair dryer market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the hair dryer market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of hair dryer market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Corded hair dryers - Market size and forecast 2019-2024
Cordless hair dryers - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End-user
Professional usage - Market size and forecast 2019-2024
Individual usage - Market size and forecast 2019-2024
Market opportunity by End-user
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers- Demand led growth
Market positioning of vendors
Beauty by Imagination Inc.
Havells India Ltd.
Koninklijke Philips NV
Skyline Home Appliances
Scope of the report
Currency conversion rates for US$
List of abbreviations
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