DUBLIN, January 06, 2022– (COMMERCIAL THREAD)–The Global Hair Accessories Market by Distribution Channel (General Stores, Online, and Supermarkets & Hypermarkets), By Product (Ties & Ties, Wigs & Extensions, Clips & Pins, Headbands & Other Products), By Regional Outlook, Report Industry Analysis and Forecast, 2021 – 2027 “ the report was added to ResearchAndMarkets.com offer.
The global hair accessories market size is expected to reach $ 25.9 billion by 2027, with the market growth of 9.6% CAGR during the forecast period.
Forever 21, Inc.
Annie International, Inc.
The Best Accessories, Inc.
Conair LLC (US securities)
Have a nice hair day (Coty)
COVID-19 impact assessment
The outbreak of the COVID-19 pandemic has disrupted the global supply chain for various products. Businesses around the world have seen their sales and revenue decline due to various restrictions such as complete lockdowns, temporary bans on manufacturing units, and restrictions on imports and exports. China is one of the major raw material suppliers for the production of various types of hair accessories, and several key manufacturers depend on China for the same purpose. But, since the outbreak of the virus in China, many governments have stopped trading across borders with China.
Market Growth Drivers: A Growing Fashion Trend Among Millennials and Gen Z
Millennials and Generation Z are heavily influenced by movie stars and other celebrities and they are more eager to try out the looks of their favorite celebrities, which motivates them to spend more on trendy hair accessories. Along with this, they mainly invest to make a style statement from their appearance which makes them more fashionable. Due to this, the demand for various fashion products including hair accessories is increasing all over the world.
Increase in consumer disposable income
The increase in disposable income of consumers allows people to spend on various clothes, clothes and accessories. Along with this, the growing population of working women contributes to the growth of the market as they spend huge amount on these fashionable accessories. This is expected to further drive the growth of the hair accessories market during the forecast period. In addition, the trend of showing luxurious images on social media platforms is also expected to increase the growth of the market.
Marketing Restriction Factor: Possibility of Hair Damage
Using hair accessories can increase the risk of hair damage. Bobby pins and rubber bands are the most commonly used hair accessories around the world, but these accessories can cause hair loss as the hair can become tangled. Along with this, using the wrong accessories can damage the hair and lead to massive hair loss. It is important for a person to understand their hair type and then choose a hair accessory that is suitable for their hair type.
Distribution channel outlook
Based on distribution channels, the hair accessories market is fragmented into hypermarkets and supermarkets, general stores and online. Among all, the general stores segment generated the highest revenue share in 2020 and is expected to continue this trend during the forecast period. This growth is attributed to the growing tendency of consumers to purchase hair accessories from general stores. These general stores consist of small and large neighborhood stores.
Outlook Product Type
On the basis of product type, the hair accessories market is segmented into clips and pins, headbands, wigs and extensions, rubber bands and ties, etc. Among these, the elastic and tie segment dominated the hair accessories market with the highest revenue share in 2020 and is expected to continue this trend during the forecast period. This is due to the great accessibility of a wide variety of products with different shapes, designs and materials.
By region, the hair accessories market is analyzed North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific has emerged as the dominant region in the hair accessories market with the maximum revenue share in 2020. This is due to the growing population of working women in emerging countries like China and India.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
184.108.40.206 Market composition and scenario
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions
Chapter 3. Global Hair Accessories Market by Distribution Channel
3.1 Global General Store Market by Region
3.2 Global Online Market by Region
3.3 Global Supermarkets and Hypermarkets Market by Regions
Chapter 4. Global Hair Accessories Market by Product
4.1 Global Elastics & Ties Market by Region
4.2 Global Wigs and Extensions Market by Region
4.3 Global Clips and Pins Market by Region
4.4 Global Headbands Market by Region
4.5 Global Other Product Market by Region
Chapter 5. Global Hair Accessories Market by Regions
Chapter 6. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/cuocje
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220106005608/en/
Laura Wood, Senior Press Director
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