According to a new report, published by KBV research, The Global Hair Styling Tools Market size is expected to reach $59.8 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,63,517.5 thousand units, experiencing a growth of 15.4% (2020-2023).
Innovation is at the forefront of the hair styling tools market, with manufacturers continually introducing new technologies and features to enhance performance, convenience, and styling outcomes. For example, ceramic and tourmaline coatings are widely used in hair styling tools for their ability to distribute heat evenly, reduce heat damage, and create smoother, shinier hair. Ceramic-coated plates and barrels offer consistent heat distribution, while materials mixed with tourmaline release negative ions to seal the hair’s cuticle and retain moisture, giving the appearance of healthier hair.
The Household segment would exhibit a CAGR of 5.6% during (2024 - 2031). There is a growing trend towards personal grooming and self-care among individuals, leading to an increased interest in hair styling tools for use at home. Consumers are investing more time and effort into their appearance, seeking tools to achieve salon-worthy hairstyles without professional assistance.
The Hypermarkets & Supermarkets segment is generating the highest revenue in the Global Hair Styling Tools Market by Distribution Channel in 2023; thereby, achieving a market value of $21.1 billion by 2031. Hypermarkets and supermarkets offer various hair styling tools from various brands, providing consumers with abundant choices to suit their preferences, budget, and styling needs. To accommodate a wide range of customer preferences, these establishments usually have many styling tools, such as brushes, straighteners, curling irons, hair dryers, and accessories.
The Hair Dryer segment is experiencing a CAGR of 2.7% during (2024 - 2031). Hair dryers are considered an essential styling tool in most households and professional salons. They are used to dry wet hair quickly and style and shape it, making them a versatile tool for everyday grooming routines. Hair dryers offer a fast and efficient way to dry wet hair, significantly reducing drying time compared to air drying. This quick drying time is particularly beneficial for individuals with busy lifestyles who need to style their hair quickly before heading out.
Full Report: https://www.kbvresearch.com/hair-styling-tools-market/
The Asia Pacific region dominated the Global Hair Styling Tools Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $21.7 billion by 2031. The Europe region is anticipated to grow at a CAGR of 4% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 4.2% during (2024 - 2031).
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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