Home > Consumer Goods & Services > Personal Care > Hair Care > Hair Styling Tools Market
Hair Styling Tools Market Size
- Report ID: GMI8621
- Published Date: Mar 2024
- Report Format: PDF
Hair Styling Tools Market Size
Hair Styling Tools Market size registered USD 35.52 million in 2023 and will record a 5.2% CAGR from 2024 to 2032, attributed to the rise of online shopping and increasing disposable income.
Consumers now can access a wide range of innovative products through e-commerce platforms, enhancing their purchasing convenience. With more disposable income, individuals are willing to invest in high-quality, advanced styling tools that offer professional results at home. This combination of accessibility and financial capability drives market growth and consumer demand.
For instance, in November 2023, Beurer introduced the HT 75, an innovative automatic curling iron. It streamlines curling by handling wrapping and heating, ensuring smooth curls without tangles or trapped hair.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hair Styling Tools Market Size in 2023: | USD 35.52 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 58.78 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 532 |
| Segments covered: | By Type, By Product Type |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Continuous innovation in hair styling tools and evolving beauty and fashion trends are driving market growth. Technological advancements, such as smart sensors and automated features, attract consumers seeking efficiency and superior results. In addition, shifting beauty standards and trends fuel demand for versatile, high-performing tools that cater to diverse styling preferences. This synergy of innovation and trend responsiveness propels the expansion and dynamism of the hair styling tools industry.
For instance, in January 2024, Philips India launched a new hair straightener featuring NourishCare Technology. It includes serum strips with nourishing elements, styling, and protecting hair from heat damage, promising both style and nourishment.
Though economic downturns and regulatory challenges pose barriers to market expansion, they drive innovation and resilience in the hair styling tools industry. Economic pressures encourage companies to develop affordable, high-quality products, broadening their customer base. Navigating regulatory landscapes pushes businesses to maintain high standards and enhance product safety. These challenges foster a competitive spirit, leading to the creation of superior, compliant products. This proactive approach ensures long-term growth and consumer trust, strengthening the industry's overall foundation.
Frequently Asked Questions (FAQ) :
Hair Styling Tools Market Scope
