Global hair accessories markets of $ 31.6 billion until 2028

Dublin, January 10, 2022 (GLOBE NEWSWIRE) – The Hair Accessories Market Size, Share and Trend Analysis Report by Product (Clips & Pins, Wigs & Extensions, Elastics & Ties), By Distribution Channel (Supermarkets & Hypermarkets, General Stores, In line), by region and segment forecast, 2021 – 2028 “ the report was added to ResearchAndMarkets.com offer.

The global hair accessories market size is expected to reach $ 31.6 billion by 2028 and is expected to increase at a CAGR of 7.7% from 2021 to 2028.

The growth of the market is attributed to an increasing preference for the fashionable products which serve the utilitarian purposes and give a trendy appearance to the hairstyle is expected to drive the market throughout the forecast period.

Well-groomed hair can improve a person’s overall physical appearance. In recent years, people have paid special attention to their hair care and styling routines, as hair plays such a crucial role in self-perception. Lately, hair accessories have become popular among all ages and income groups, and styles can range from schoolgirl basics to runway fashions. The availability of high-end and cost-effective hair accessories has also driven product demand and adoption.

The rubber bands and ties segment dominated the market and accounted for the major share of total sales in 2020. Hair ties and ties have always been popular as they are essential in everyday life for women to manage their hair. These products will continue to dominate the world market due to their easy availability, relatively low price and wide variety. Brands such as Claire’s and Conair Corporation offer a wide range of elastics and ties.

General stores have become the most important segment in 2020 as they are the most popular distribution channels among consumers for purchasing hair accessories due to the convenience and easy availability of multiple brands. These stores are mostly located in densely populated and busy areas and offer a moderate selection of hair products in response to growing consumer demand for products such as hairpins and clips, headbands, elastics and ties. .

Asia-Pacific dominated the market and generated the highest contribution of sales to market revenue in 2020. The growing number of working women, especially in the corporate sector and the fashion industry, coupled with the increase in the purchasing power of consumers has stimulated the demand for hair accessories. in developing countries in the region, such as India, Indonesia and China.

Market players face stiff competition, as some of them are among the best manufacturers of hair accessories and have a large customer base.

The major players in the global market include a combination of a few established players and many start-ups such as Goody Products Inc., Claire’s, Conair Corporation, and H&M.

Highlights Of Hair Accessories Market Report

  • Asia-Pacific is expected to register fastest CAGR of 8.6% from 2021 to 2028 due to increasing number of new product launches and increasing purchasing power of consumers

  • The rubber bands and ties segment accounted for the largest share of revenue in 2020 and is expected to grow at a CAGR of 8.0% as they serve as the day-to-day essential for women to manage their hair.

  • General store distribution channels segment accounted for the largest revenue share of 47.8% in 2020 and is expected to register a CAGR of 7.6% during the forecast period as general stores provide significant advantages to consumers. consumers, such as freedom of selection, lower prices, and high visibility of international brands

Main topics covered:

Chapter 1. Methodology and scope
1.1. Market segmentation and scope
1.2. Market definition
1.3. Acquisition of information
1.4. Analysis of information
1.5. Market formulation and data visualization
1.6. Data validation and publication

Chapter 2. Executive summary
2.1. Market outlook
2.2. Product outlook
2.3. Distribution channel outlook
2.4. Regional perspectives

Chapter 3. Hair Accessories Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Impact of COVID-19 on the hair accessories market
3.4. Industry value chain analysis
3.4.1. Sales / Retail Channel Analysis
3.4.2. Profit margin analysis
3.5. Market dynamics
3.5.1. Market Driver Analysis
3.5.2. Analysis of market restrictions
3.5.3. Industry challenges
3.5.4. Industry opportunities
3.6. Business environment analysis
3.6.1. Industry Analysis – Porter’s
3.7. Hair Accessories Market Roadmap
3.8. Market entry strategies

Chapter 4. Analysis of consumer behavior
4.1. Demographic analysis
4.2. Consumer trends and preferences
4.3. Factors Affecting the Purchase Decision
4.4. Consumer product adoption
4.5. Observations and recommendations

Chapter 5. Hair Accessories Market: Type Analysis and Estimates
5.1. Type and market share analysis, 2020 and 2028
5.2. Clips and pins
5.3. Headbands
5.4. Wigs & Extensions
5.5. Elastics & Ties

Chapter 6. Hair Accessories Market: Distribution Channel Estimates and Trend Analysis
6.1. Analysis of the movements of distribution channels and market share, 2020 and 2028
6.2. Hypermarkets & Supermarkets
6.3. General stores
6.4. In line

Chapter 7. Hair Accessories Market: Regional Estimates and Trend Analysis
7.1. Market Estimates & Forecasts, 2016 – 2028 (USD Billion)
7.2. Market Estimates & Forecasts, By Product, 2016 – 2028 (USD Billion)
7.3. Market estimates and forecasts, by distribution channel, 2016 – 2028 (USD Billion)

Chapter 8. Competitive analysis
8.1. Key global players, recent developments and their impact on the industry
8.2. Categorization of key companies / competitions (key innovators, market leaders, emerging players)
8.3. Supplier landscape
8.3.1. Market share analysis of key companies, 2020

Chapter 9. Company Profiles
9.1. Company presentation
9.2. Financial performance
9.3. Comparative analysis of products
9.4. Strategic initiatives

For more information on this report, visit https://www.researchandmarkets.com/r/u98lz6

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David R. Brewer