Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Hair Dryer Market size is expected to reach $10.5 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Cordless market would showcase a CAGR of 6% during (2022 - 2028). Because of its portability and small weight, the cordless category is predicted to hold the majority of the market share. This makes it perfect for outdoor camping and traveling. Because these dryers may be used anywhere and whenever needed, they are convenient for the user.
The Professional market shows high market share in the Global Hair Dryer Market by Application in 2021, thereby, achieving a market value of $7.1 billion by 2028. Due to the rising demand for cutting-edge dryers, major manufacturers like Conair Corp., Dyson Ltd., Koninklijke Philips N.V., and TESCOM Co. are introducing new products. For instance, Conair Corp. introduced a new hair dryer in March 2017 under the moniker "InfinitiPro." The business unveiled the most recent ionic technology, which is useful for speedy drying.
The Online market is experiencing the highest CAGR of 7.1% during (2022 - 2028). Online shopping sites like Flipkart, Walmart, and Amazon have played a significant role in shaping consumer choices for buying home electronics. The segment is anticipated to grow throughout the forecast period, particularly in developing nations like Vietnam, China, Indonesia, and India.
The North America dominated the Global Hair Dryer Market by Region in 2021, thereby, achieving a market value of $3.6 billion by 2028. The Europe market is exhibiting CAGR of 4.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/hair-dryer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Koninklijke Philips N.V., The Procter and Gamble Company, Revlon, Inc. (MacAndrews & Forbes), Newell Brands, Inc. (Conair Corporation), Panasonic Corporation, Sharp Corporation, Dyson Limited, Beauty Elite Group, Drybar Products, LLC (Helen of Troy Limited) and Tescom Electronics Private Limited.
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