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Hair Styling Tools Market to Reach USD 39.63 Billion by 2027; Philips Launches Advanced Hair Styling Tools to Augment Demand

October 20, 2020 | Consumer Goods

The global hair styling tools market size is expected to showcase a significant growth by reaching USD 39.63 billion by 2027. The growth is attributable to the increasing awareness for the adverse effects regarding the continual adoption of chemical hair treatment that propels the demand for advanced tools of hair styling, globally. This information is published by Fortune Business Insights, in its latest report, titled, “Hair Styling Tools Market Size, Share & COVID-19 Impact Analysis, By Product Type (Manual and Electric (Dryer, Straightener, Curler, and Others)), Application (Household and Commercial), Distribution Channel, and Regional Forecast, 2020-2027.” The report observes that the market stood at USD 30.09 billion in 2019 and is likely to exhibit a CAGR of 3.7% between 2020 and 2027.


Philips Launches Revolutionary High-Tech Hair Styling Tools to Boost Sales Revenue


In July 2020, Royal Philips, a global health technology solutions provider, announced the launch of its new Philips SenseIQ Hair Dryer and Hair Straightener device, along with DIY female grooming products in India. According to the company, the device uses active sensors to measure temperature of hair during grooming sessions and accordingly, adapts to the temperature to enable personalized hair styling experience.


“We at Philips believe that there are ways to make life better and by bringing the technology for the consumer’s we are doing that. Our SenseIQ range is a testimony to our purpose to enrich the consumer lives and that has propelled us to be the most loved brand across this segment.”, states, Gulbahar Taurani, VP, Personal Health, Philips for India Subcontinent.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/hair-styling-tools-market-103986


Increasing Preference for Hair Styling Tools over Chemical Hair Treatment to Aid Growth


According to an article published by the International Journal of Cancer, women undergoing chemical hair straightening treatment for over 5 to 8 weeks are estimated to have a 30% extra chance of developing breast cancer over other women. Chemical hair treatments are laced with carcinogens such as formaldehyde and their over exposure on humans may lead to adverse health effects. The growing awareness regarding the ill-effects of the chemical products is surging the demand for advanced hair styling tools that do not require chemicals for grooming needs. This is expected to contribute to the growth of the global market in the forthcoming years.


Major Companies Actively Focus on Product Launches to Secure Their Position


The global market is fragmented by the presence of several small, medium, and large companies that are focusing on gaining a major chunk of share in terms of revenue. They are doing so by introducing innovative hair styling products to cater to the growing demand for grooming products across developed as well as developing economies. The other key players are adopting strategies such as merger and acquisition, collaboration, and partnership to maintain their presence and further strengthen their positions in the global marketplace.


Industry Development:



  • March 2020 – Dyson, a renowned tools provider for hair styling, announced the launch of its new Dyson Corrale hair straightener that is equipped with a flexible plate technology. The launch is expected to boost the sales revenue of the company in the global marketplace.


List of the Companies Profiled in the Market:



  • Koninklijke Philips N.V., (Amsterdam, Netherlands)

  • Spectrum Brands, Inc. (Middleton, U.S.)

  • Dyson Ltd. (Malmesbury, U.K.)

  • Conair Corporation (Stamford, U.S.)

  • Panasonic Corp. (Osaka, Japan)

  • Coty Inc. (New York, U.S.)

  • Procter & Gamble Co. (Ohio, U.S.)

  • Helen of Troy Ltd. (Bermuda, U.K.)

  • WAHL Clipper corp. (Illinois, U.S.)

  • Hamilton Beach Brands (Virginia, U.S.)


Further Report Findings:



  • Europe stood at USD 12.03 billion in 2019 and is expected to hold the highest position in the global hair styling tools market during the forecast period. This is attributable to the increasing number of hair salons that provide premium personal care services in the region.

  • The market in Asia-Pacific is expected to showcase a considerable growth backed by the increasing spending on personal grooming products owing to presence of a young population in countries such as Japan and Australia that promote the adoption of innovative hair styling products in the region between 2020 and 2027.

  • The hypermarkets/supermarkets segment, based on the distribution channel, is expected to experience an exponential growth during the forecast period. This is ascribable to factors such as the availability of a wide range of personal grooming products and several discounts offered by the stores that increase the footfall to purchase the grooming products. The segment held a market share of about 42.82% in 2019.


Table of Segmentation:



















































 ATTRIBUTE



  DETAILS



Study Period



2016-2027



Base Year



2019



Forecast Period



2020-2027



Historical Period



2016-2018



Unit



Value (USD Billion)



Segmentation



By Product Type, Application, Distribution Channel, and Geography



By Product Type


 




  • Manual

  • Electric

    • Dryers/Blowers

    • Straighteners

    • Curlers

    • Others (Hair Crimpers, Hot Brush, etc.)





By Application


 




  • Household

  • Commercial



By Distribution Channel


 




  • Hypermarkets & Supermarkets

  • Specialty Stores

  • Online Channels

  • Others (Salons, Departmental Stores, etc.)



By Geography


 




  • North America

    • By Product Type

    • By Application

    • By Distribution Channel

    • By Country

      • USA

        • By Product Type



      • Canada

        • By Product Type



      • Mexico

        • By Product Type







  • Europe

    • By Product Type

    • By Application

    • By Distribution Channel

    • By Country

      • Germany

        • By Product Type



      • France

        • By Product Type



      • Italy

        • By Product Type



      • Spain

        • By Product Type



      • U.K.

        • By Product Type



      • Rest of Europe

        • By Product Type









  • Asia Pacific

    • By Product Type

    • By Application

    • By Distribution Channel

    • By Country

      • China

        • By Product Type



      • India

        • By Product Type



      • Japan

        • By Product Type



      • Australia

        • By Product Type



      • Rest of Asia Pacific

        • By Product Type







  • South America

    • By Product Type

    • By Application

    • By Distribution Channel

    • By Country

      • Brazil

        • By Product Type



      • Argentina

        • By Product Type



      • Rest of South America

        • By Product Type







  • Middle East & Africa

    • By Product Type

    • By Application

    • By Distribution Channel

    • By Country

      • UAE

        • By Product Type



      • South Africa

        • By Product Type



      • Rest of Middle East & Africa

        • By Product Type









Global Hair Styling Tools Market
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  • 2019
  • 2016-2018
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