Hair Dryer Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Hair Dryer Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : December, 2021 | Consumer Goods

Report Digest

Hair Dryer Market: Overview

The popularity of different hairstyles is increasing at a rapid rate across the global populace. The changing lifestyles of many individuals coupled with a busy schedule are the vital reasons that are proving to be great growth generators for the hair dryer market. Based on these factors, the global hair dryer market is prognosticated to observe a positive growth period between 2020 and 2030.

A hair dryer is an electric device used for hair drying or styling purposes. Being widely available for public use in 1945, hair dryers have been a key device in every household. The enormous demand for hair dryers in tandem with the rising inclination toward hairstyle trends will bring immense growth prospects during the assessment period of 2020-2030. Earlier, excessive heat blown from the hair dryers was a major issue but with the advancements in technology, smaller motors with good thermal design came into existence, which further accelerated the demand for hair dryers to a considerable extent.

Hair dryers are available in both corded and cordless variants. The customers choose the preferred variant according to their likes and requirements. Hair dryers are either used for individual or professional purposes. The distribution channels are both online and offline. The advantages associated with hair dryers will bring tremendous growth opportunities for the global market.

The TMR Research team has conducted an overall analysis of all the aspects related to the growth of the hair dryer market. Geographical insights, competitive scenarios, and key trends are some important categories covered under the report. The report also covers the COVID-19 impact on the hair dryer market and projects its growth in the post-pandemic era.

Hair Dryer Market: Industrial Landscape

The hair dryer market is highly fragmented. Many well-established players indulge in fierce competition. New players are also entering the ring of the hair dryer market with new products and upgraded features. This aspect is intensifying the competition to a considerable extent.

New product launches and the addition of latest features remain the vital reasons that influence the growth of the hair dryer market. Technological upgrades also play a prominent part in increasing the sales of hair dryers.

Some well-entrenched players in the hair dryer market are Philips, Panasonic Corporation, Groupe SEB, Ikonic (SSIZ INTERNATIONAL), and Helen of Troy.

Hair Dryer Market: Vital Growth-Boosting Hair Dryer Types

Various types of hair dryers have emerged and a few of them are helping in increasing the growth rate of the hair dryer market. The major ones are as follows:

Ceramic Hair Dryers: They have a ceramic coating on the inside that helps in even heat distribution.

Titanium Hair Dryer: Consist of a titanium heating coil. The quickest dryer among other types.

Ionic Hair Dryer: Makes use of negatively charged ions that assist in breaking down the positively charged water molecules.

Hair Dryer Market: Recent Developments

Significant developments in the hair dryer market are as follows:

  • Tineco, a home appliance company, recently launched the Moda One Hair Dryer, including smart sensors. These sensors help in moisture level detection in the hair and adjust the speed accordingly.
  • Panasonic has launched a new hairdryer powered by its patented nanoeTM and platinum ions technology.

Hair Dryer Market: Regional Prospects

North America’s hair dryer market is estimated to gain a dominant position between 2020 and 2030. The presence of awareness about the importance of hair dryers among a considerable populace is estimated to increase the growth-share of the companies. Asia Pacific is also expected to observe rapid rate.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?