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The global hair straightener market was valued at USD 6.37 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032 due to the increasing demand for personal grooming products. As individuals place greater importance on appearance and self-care, hair styling tools, including straighteners, have become integral to daily grooming routines. This trend is particularly prominent among millennials and Generation Z, who prioritize personal aesthetics.
The expanding influence of beauty and fashion trends, coupled with heightened awareness of grooming standards across genders, is encouraging consumers to invest in high-quality hair care tools. Furthermore, as more people aim to achieve salon-quality results at home, the demand for hair straighteners continues to increase, contributing to overall market growth.
Report Attribute | Details |
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Base Year: | 2023 |
Hair Straightener Market Size in 2023: | USD 6.37 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.7% |
2032 Value Projection: | USD 10.48 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 161 |
Tables, Charts & Figures: | 222 |
Segments covered: | By Product Type, Material, Shape, Power Source, Technology End Use, Distribution Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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The industry faces a big problem with counterfeit products. In the overall business many small sellers and retailers sell counterfeit products to consumers as these fake products look like real brands, but they do not meet the same quality and safety standards. This can cause safety issues, such as overheating or malfunctioning, which can be dangerous for consumers. Counterfeit products also damage brand reputations and cause financial losses for legitimate companies.
In the industry, manufacturers are turning to advanced materials like ceramic, titanium, and tourmaline plates. These materials are favored for their superior heat conductivity and their ability to reduce the risk of hair damage. As a result, users can achieve smoother, shinier hair with less effort. Furthermore, technological advancements, such as adjustable temperature settings, are gaining traction. These settings empower users to customize heat levels based on their unique hair types and styling preferences. This level of customization not only boosts styling efficiency but also curtails heat exposure, safeguarding hair health.
Based on product type, the market is segmented into Hot air brushes, curling irons, flat irons & brushes, straightening brushes and others (waver, wands). In 2023, the flat irons & brushes product type dominated the market, generating revenue of USD 2.18 billion, and is projected to reach USD 3.62 billion by 2032.
Flat irons and straightening brushes are popular in the industry because they are versatile and easy to use. These tools help users create different styles, from straight hair to curls and waves, making them useful at home and in salons. Technologies like ceramic, tourmaline, and ionic features in flat irons make hair smoother and reduce heat damage, making them more appealing. They come in various price ranges, from cheap to expensive, making them accessible to many people. Their quick results and portable designs are perfect for busy consumers. Their common use in professional salons also shows their importance in achieving polished hair looks.
The market is segmented into corded and cordless. In 2023, corded power source commanded a significant 53% market share, and it is projected to grow at a CAGR of 5.5% during the forecast period. Corded hair straighteners dominate the industry because they provide a steady and reliable power supply, making them ideal for long use. Professional stylists in salons prefer corded straighteners since they offer continuous use without needing to recharge, unlike cordless models that require frequent battery maintenance. This reliability is crucial for styling thick or long hair, which takes more time. Additionally, corded straighteners usually have higher power output, heating up faster and working more effectively.
In the hair straightener market North dominated the market generating a revenue of USD 2.25 billion and is expected to reach USD 3.77 billion by 2032 owing to the strong beauty culture. The region's focus on personal grooming and appearance creates high demand for hair styling products. Many consumers use hair straighteners daily to achieve sleek and well-maintained hair. The diverse beauty culture, which includes various hairstyles and trends, requires versatile and high-quality hair straighteners for different hair types and styles. Additionally, media and celebrity endorsements increase consumer interest in these products. Online tutorials and beauty education also help by showing the benefits and techniques of using hair straighteners, encouraging more people to use them.
North America: The U.S. dominated the North America hair straightener industry with a revenue of around USD 5.03 billion in 2023 and is expected to reach around USD 8.22 billion by 2032. The US has a significant consumer base with high disposable income, leading to increased spending on premium and innovative hair styling tools, including hair straighteners. This economic advantage allows consumers to prioritize quality and advanced features in their purchases. Consequently, there is growing demand for high-end hair straighteners that offer benefits such as heat protection, faster styling, and advanced materials like ceramic or titanium plates.
Europe: UK hair straightener market accounted for a market share of 23.9% in 2023 and is anticipated to grow at CAGR of 6.2% during the forecasted period. The UK hair straighteners industry is experiencing growth due to increased demand for hair styling tools and technological innovations. Rising personal grooming awareness, influenced by social media trends and diverse hair styling needs, has heightened consumer interest in high-quality tools. Technological advancements, including ceramic plates, smart heat sensors, and cordless options, have improved performance and safety.
Asia pacific: China accounted for a market share of 33.6% in 2023 and is anticipated to grow at a CAGR of 7% during the forecasted time period. China's hair straightener industry is shaped by the population's diverse hair types, creating demand for products that address various textures and styles. Regional differences in hair characteristics lead consumers to seek versatile straighteners that meet their specific needs. The beauty culture, particularly influenced by celebrities and social media personalities, significantly impacts consumer preferences. As these influencers showcase various hairstyles and endorse hair care products, they inspire followers to adopt similar looks, increasing the demand for hair straighteners.
In 2023, dominant market players, Philips electronics, Philips, Conair and Dyson. The top companies collectively hold a substantial 15-20% industry share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. By integrating new technologies into their hair styling products, particularly hair straighteners, these companies consistently invest in research and development, ensuring they maintain a competitive edge.
Major players operating in the hair straightener industry include:
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Market, By Product Type
Market, By Material
Market, By Shape
Market, By Power Source
Market, By Technology
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: