Hair Dryer Market Poised to Reach $12.3 Billion by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Hair Dryer Market Size, Share, Forecast, & Trends Analysis by Model (Foldable, Non-foldable), Type (Cordless, Corded), Technology (Ionic, Tourmaline, Ceramic, Infrared), Power (Low, High), Usage, Distribution Channel - Global Forecast to 2031.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5905?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=28-08-2024

According to a recent publication by Meticulous Research®, the global hair dryer market is expected to surge to $12.3 billion by 2031, with a compound annual growth rate (CAGR) of 4.9% in value from 2024 to 2031. In terms of volume, the market is anticipated to reach 324.9 million units by 2031, growing at a CAGR of 3.4% during the same period.

The market's expansion is largely fueled by the growing number of professional hair salons, heightened awareness of beauty and personal care, and the increasing demand for professional salon services. However, consumer concerns about heat damage to hair present a barrier to growth.

Additionally, the rise of e-commerce and increasing demand for personal care products in emerging markets are poised to create further growth opportunities. Nevertheless, the presence of counterfeit hair dryers poses a significant challenge for industry participants.

Market Breakdown

  • By Type: The non-foldable segment is projected to represent over 58.0% of the market in 2024, driven by demand for personal and professional use due to their durability and advanced styling features. Meanwhile, the foldable segment is expected to experience the fastest growth during the forecast period.
  • By Technology: Ionic hair dryers are anticipated to account for more than 43.0% of the market in 2024, thanks to their ability to distribute heat evenly, seal hair cuticles, and enhance shine and overall hair health. The ceramic technology segment is forecasted to grow at the highest rate.
  • By Power: High-power hair dryers are predicted to dominate with over 56.0% of the market share in 2024, driven by the need for quick drying and styling, especially for thick, curly, or coarse hair. This segment is also expected to see the fastest growth.
  • By Usage: Personal use hair dryers are expected to hold over 64.0% of the market in 2024, with growth driven by the popularity of affordable and compact models for everyday use at home. The professional segment, however, is anticipated to grow faster, fueled by demand for professional-grade tools in salons.

Regional Insights In 2024, North America is expected to lead the market with over 34.0% share, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The strong market position of North America is attributed to advancements in hair dryer technology, increased demand for premium products, and growing consumer awareness of hair care and styling.

Key Players Major companies in the hair dryer market include Conair LLC (U.S.), Panasonic Holdings Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Dyson (Singapore), TESCOM Co., Ltd. (Japan), Spectrum Brands, Inc. (U.S.), Revlon (U.S.), Jemella Limited (U.K.), Havells India Ltd. (India), T3 Micro Inc. (U.S.), Andis Company (U.S.), Elchim S.P.A. (Italy), Braun GmbH (Germany), CONFU (China), Syska Led Lights Pvt Ltd (India), FLYCO (China), NOVA (India), and Beurer GmbH (Germany).

Conclusion The hair dryer market is on a strong growth trajectory, driven by the rise of professional salon services, increasing awareness of beauty and personal care, and continuous technological innovations. Despite obstacles such as concerns over heat damage and counterfeit products, the market presents significant opportunities, particularly in emerging economies and through the expanding e-commerce sector.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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