The North America Hair Accessories Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
There is a broad range of hair accessories available in the market including head warmers, headbands, hair ties, hair bows, hairpins, small pearls, crowns, hair combs, butterfly clips, clutches, clasps, ribbon weaves, and others. Several enhancements are made in the hair accessories industry by the companies through the inclusion of different decorates like beads, glitters, flowers, nets, feathers, colors, and stones. For example, numerous hair clips are available in the market in different sizes, shapes, and designs.
The growing fashion industry across various developed nations like the US and Canada is among the key aspects fueling the growth of the regional hair accessories market over the forecast period. In addition, the high influence of social media platforms is creating more demand for hair accessories in the regional market. Hairbands and hair rings are the most commonly used hair accessories by people working across different industries including sports and corporates.
Some hair accessories are also widely used by men like hair bands, hairpins, and bandana, which is expanding the potential customer base of the key market players. This would fuel the growth of the regional hair accessories market over the forecast period.
The US market dominated the North America Hair Accessories Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,076.6 Million by 2027. The Canada market is anticipated to grow at a CAGR of 10.8% during (2021 - 2027). Additionally, The Mexico market would register a CAGR of 9.9% during (2021 - 2027).
Based on distribution channel, the market is segmented into general stores, online, and Supermarkets & Hypermarkets. Based on product, the market is segmented into Elastics & Ties, Wigs & Extensions, Clips & Pins, Headbands, and Other Products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hair Accessories Market is Estimated to reach $25.9 billion by 2027, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Forever 21, Inc., Fromm International, Annie International, Inc., The Finest Accessories, Inc., SILKE London, Invisibobble, SwirlyCurly Hair, H&M Group, Conair LLC (American Securities), and Good Hair Day (Coty)
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