DUBLIN–(BUSINESS WIRE)–The “Global Hair Accessories Market by Distribution Channel (General Stores, Online & Supermarkets & Hypermarkets), By Product (Hair Bands & Ties, Wigs & Extensions, Clips & Pins, Headbands & Other Products), By Regional Outlook, Growth Report Industry Analysis and Forecast, 2021 – 2027″ report has been added to from ResearchAndMarkets.com offer.
The global hair accessories market size is expected to reach USD 25.9 billion by 2027, with the market growing at 9.6% CAGR during the forecast period.
Forever 21, Inc.
Annie International, Inc.
The Best Accessories, Inc.
Conair LLC (US securities)
Happy Hair Day (Coty)
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has disrupted the global supply chain of various goods. Businesses around the world have seen a decline in sales and revenue due to various restrictions such as complete lockdown, temporary ban on manufacturing units, and restrictions on imports and exports. China is among the major suppliers of raw materials for the production of different types of hair accessories, and several key manufacturers depend on China for the same purpose. But, since the virus emerged in China, many governments have stopped trading across borders with China.
Market Growth Drivers: A Growing Fashion Trend Among Millennials and Gen Z
Millennials and Generation Z are heavily influenced by movie stars and other celebrities and are more eager to try out the looks of their favorite celebrities, which motivates them to spend more on fashionable hair accessories. Along with this, they mainly invest in creating a style statement from their appearance which makes them more fashionable. Due to this, the demand for various fashion products including hair accessories is increasing across the world.
Increase in consumer disposable income
The increase in consumer disposable income allows people to spend on various clothes, apparel and accessories. Along with this, the growing population of working women is contributing to the growth of the market as they spend huge amounts on these fashionable accessories. This is expected to further drive the hair accessories market growth over the forecast period. Additionally, the trend of showing luxurious images on social media platforms is also expected to augment the market growth.
Marketing Restraining Factor: Possibilities of Hair Damage
The use of hair accessories can increase the risk of hair damage. Hairpins and rubber bands are the most commonly used hair accessories in the world, but these accessories can lead to hair loss because the hair can get tangled. Along with this, using the wrong accessories can damage the hair and lead to massive hair loss. It is important for a person to understand their hair type and then choose a suitable hair accessory for their hair type.
Distribution Channel Insights
Based on distribution channels, the hair accessories market is fragmented into hypermarkets and supermarkets, general stores and online. Among all, the general store segment generated the highest revenue share in 2020 and is expected to continue this trend during the forecast period. This growth is attributed to the growing propensity of consumers to purchase hair accessories from general stores. These general stores consist of small and large neighborhood stores.
Product Type Outlook
On the basis of product type, the hair accessories market is segmented into clips & pins, headbands, wigs & extensions, rubber bands & ties, and others. Among these, the hair ties and ties segment dominated the hair accessories market with the highest revenue share in 2020 and is expected to continue this trend during the forecast period. This is due to the wide accessibility of a wide variety of products with different shapes, designs and materials.
Regionally, Hair Accessories Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. Asia-Pacific has emerged as the leading region in the hair accessories market with the maximum revenue share in 2020. This is due to the growing population of working women in emerging countries like China and India .
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
126.96.36.199 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Global Hair Accessories Market by Distribution Channel
3.1 Global General Stores Market by Region
3.2 Global Online Market by Region
3.3 Global Supermarkets & Hypermarkets Market by Region
Chapter 4. Global Hair Accessories Market by Product
4.1 Global Rubber Bands and Ties Market by Region
4.2 Global Wigs and Extensions Market by Region
4.3 Global Clips and Pins Market by Region
4.4 Global Headbands Market by Region
4.5 Global Other Products Market by Region
Chapter 5. Global Hair Accessories Market by Region
Chapter 6. Business Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/cuocje