Meticulous Research®—a leading global market research company, published a research report titled, ‘Hair Dryer Market Size, Share, Forecast, & Trends Analysis by Model (Foldable, Non-foldable), Type (Cordless, Corded), Technology (Ionic, Tourmaline, Ceramic, Infrared), Power (Low, High), Usage, Distribution Channel - Global Forecast to 2031.’
Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5905?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=17-10-2024
According to the latest report by Meticulous Research®, the global hair dryer market is anticipated to reach $12.3 billion by 2031, growing at a CAGR of 4.9% between 2024 and 2031. In terms of volume, the market is projected to reach 324.9 million units by 2031, at a CAGR of 3.4%. Key growth drivers include the expanding professional hair salon industry, rising consumer interest in personal care, and growing demand for salon-quality services at home. However, concerns over heat damage to hair pose challenges to market growth.
The expansion of e-commerce and the growing popularity of personal care products in emerging economies are expected to provide new growth opportunities. Nevertheless, copyright products remain a significant concern for manufacturers.
Market Breakdown:
- Non-Foldable Dryers: Expected to lead the market with a 58.0% share in 2024 due to their advanced capabilities and durability.
- Ionic Technology: Projected to account for 43.0% of the market, driven by its ability to minimize heat damage and improve hair shine.
- High-Power Dryers: Anticipated to dominate with a 56.0% share in 2024, catering to consumers with thick or curly hair needing quick drying.
- Personal Use: Expected to capture 64.0% of the market in 2024, while the professional-use segment will see faster growth due to increased demand for high-quality salon tools.
Regional Insights: North America is forecast to lead the market in 2024 with over 34.0% market share, owing to advancements in hair dryer technology and growing consumer demand for premium products.
Top Players: Key companies include Dyson, Conair, Panasonic, Philips, Revlon, and others.
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments on “Hair Dryer Market Growth Expected to Hit $12.3 Billion by 2031”