Transparency Market Research delivers key insights on the global hair dryer market. In terms of revenue, the global hair dryer market is estimated to expand at a growth rate of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global hair dryer market report.
In the report, TMR predicts that the global hair dryer market would be largely driven by rise in awareness about personal grooming and growth in population, which has led to high adoption of hair styling tools globally, mainly in countries such as the U.S, Germany, China, and India. This is expected to boost the growth of the hair dryer market in the upcoming years.
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Hair Dryer Market: Drivers, Opportunities, and Restraints
Consumers in urban areas are now concerned about the product they use and its impact on the environment. Increasing awareness about high energy consumption, rising cost of energy, and carbon footprint associated with the usage of some products might restrain the growth of the hair dryer market during the forecast period. These are the factors projected to hamper the market growth in the near future.
Hair Dryer Market: Prominent Regions
Asia Pacific dominates the current global hair dryer market and is expected to continue its dominance in terms of both revenue generation and CAGR. India and China are also anticipated to create significant opportunities for producers and distributors of hair dryer in the near future. These countries are projected to hold major share of the hair dryer market during the forecast period. Furthermore, strong product innovation among manufacturers with new designs and quality material are expected to boost the market during the forecast period.
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Hair Dryer Market: Key Players
Some of the key players operating in the hair dryer market are Panasonic Corporation, Dyson Limited, Procter & Gamble (Braun), Groupe SEB, Conair Corporation, Koninklijke Philips N.V., Spectrum Brands, Inc., Helen of Troy, Jemella Ltd (GHD), and Ikonic (SSIZ INTERNATIONAL).
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