06-Aug-2021 | Zion Market Research
Major companies in virtual reality market are Panasonic Corporation, Helen of Troy L.P, Royal Philips Electronics NV, Lion Corp and Colgate-Palmolive Company amongst others. These players are set to bolster the development of global personal care appliances market.
According to analysts at Zion Market Research, the global Personal Care Appliances Market accounted for USD 19.49 Billion in 2020 and is expected to reach USD 29.25 Billion by 2028, growing at a CAGR of 5.41% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Personal Care Appliances Market by Product (Hair styling products, Hair removal and grooming products, Beauty appliances, Oral care and Others), by End user (Men and Women) and by Distribution Channel (E-Commerce websites, Supermarkets, Specialty stores and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing consciousness towards personal care and grooming to Spur Growth
“Gaining consciousness of the benefits of personal care appliances over emerging economies and increasing urbanization are driving the personal care appliances market,” says the author of this study. Apart from this, increasing e-commerce sector is expected to contribute significantly to the growth of personal care appliances market. Durability and high cost of few products restraints the personal care appliances market growth.
Foreign and domestic companies are competing with each other in the personal care appliances market. They are making serious efforts to penetrate the market through innovation and product development, coupled with competitive marketing strategies. For instance, manufacturers are experimenting with AI and virtual reality (VR) to overcome the limitations of traditional razors, reports the study.
With the presence of a large pool of participants, the global personal care appliances market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Panasonic Corporation, Helen of Troy L.P, Royal Philips Electronics NV are some of the key vendors of personal care appliances across the world. These players across personal care appliances market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the personal care appliances market study.
For instance, manufacturers are experimenting with AI and virtual reality (VR) to overcome the limitations of traditional razors.
Presence of Big Players in the Region Support North American Dominance
Regionally, North America has been leading the worldwide personal care appliances market and is anticipated to continue on the dominant position in the years to come, states the personal care appliances market study. The presence of big players in the countries the US is one of the key factors behind the dominance of the North America personal care appliances market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional personal care appliances market.
Browse the full “Personal Care Appliances Market by Product (Hair Styling Products, Hair Removal and Grooming Products, Beauty Appliances, Oral Care, And Others), by End User (Men and Women) and by Distribution Channel (E-commerce Websites, Supermarkets, Specialty Stores, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/personal-care-appliances-market
The global Personal Care Appliances market is segmented as follows:
By End User
By Delivery Channel
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