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Hair Dryer Market to Grow by USD 1.03 Billion in 2020, Beauty by Imagination Inc. and Conair Corp. Emerge as Key Contributors to Market Growth | Technavio

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Technavio has been monitoring the hair dryer market and it is poised to grow by USD 1.03 billion during 2020-2024, progressing 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201120005117/en/

Technavio has announced its latest market research report titled Global Hair Dryer Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Hair Dryer Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the hair dryer market. The market growth in 2020 is likely to Decrease compared to the market growth in 2019.

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The corded hair dryers are expected to be the leading segment based on product in the global market during the forecast period.
  • What are the major trends in the market?
  • Growing popularity of tourmaline hair dryers is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of about 3%, the incremental growth of the market is anticipated to be USD 1.03 billion.
  • Who are the top players in the market?
  • 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 some of the major market participants.
  • What are the key market drivers and challenges?
  • Increasing availability of low-cost hair dryers is one of the major factors driving the market. However, the fragmented market with slow industry growth restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 41% of market growth.

Related Reports on Consumer Discretionary Include:

Global Hand Dryer Market: The hand dryer market size has the potential to grow by USD 137.19 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 some of the major market participants. The increasing availability of low-cost hair dryers will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this hair dryer market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Hair Dryer Market 2020-2024: Segmentation

Hair Dryer Market is segmented as below:

  • Product

    • Corded Hair Dryers
    • Cordless Hair Dryers
  • Geography

    • Europe
    • North America
    • APAC
    • MEA
    • South America
  • End-user

    • Professional Usage
    • Individual Usage

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44076

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 Analysis

This study identifies growing popularity of tourmaline hair dryers as one of the prime reasons driving 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:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • 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 condition

Market Segmentation by Product

  • Market segments
  • 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

  • Market segments
  • 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

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • 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 challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Beauty by Imagination Inc.
  • Conair Corp.
  • Coty Inc.
  • Dyson
  • Havells India Ltd.
  • Koninklijke Philips NV
  • Orchids International
  • Panasonic Corp.
  • Revlon Inc.
  • Skyline Home Appliances

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.