The 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.
Personal Care Appliances Market
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.
Personal care has become a necessity for the people, who use personal care products for grooming on a daily basis. Personal care appliances include a hair dryer, trimmer, hair straightener, shaver, massagers, hair curler, epilator, and oral care appliances. Due to its better affectivity as compared to traditional procedure along with time saving feature demand for personal care appliances is growing gradually. Consumers using personal care appliances are also quality conscious, additionally urban consumers are also becoming more and more conscious about their style, which is propelling the personal care appliances market growth invariably.
The coronavirus had unleashed a series of unprecedented events affecting numerous industries. The situation has been an offset for the personal care appliances market in the initial weeks but switching to online mode for sales aided companies to capture the market. However, if the COVID continue to spread and the worldwide lockdown happen gain then the market is anticipated to drop as it does not comes under essential items. The economies of the nations and purchasing power of people will get affected adversely.
The market is anticipated to witness significant growth, owing to the surge in expenditure due to styling and grooming products. Numerous players are continuously involved in R&D to introduce products that allow consumers to create desired style. The rising consciousness of consumer relating to the benefits of personal care appliances in the developing economies along with rapidly surging urbanization are some of the factors that are expected to boost the market for personal care appliances. Additionally, rising investment in the e-commerce sector and the listing of businesses with e-commerce websites are anticipated to boost the market growth in the projected timeframe.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Hair styling under the product segment will grow at a CAGR of over 12.5% from 2021-2028. The growth is attributed to the rising use of hair straightener which is affordable and easily accessible. Additionally, straighteners with high-end heat protectants are gaining great traction among customers of the global market. Hair removal, grooming products, beauty appliances, oral care, and others form the remaining segment of product segment.
Women in the end-user segment are anticipated to dominate the market in terms of the usage of personal care appliances. The segment held a share of over 30% from 2020-2028. Women have a wide variety of products to go for including hair appliances, beauty appliances, styling tools, etc. However, shaving and grooming appliances have been gaining popularity among men too hence a significant growth in the same is expected.
North America will grow at a CARG of around 10% from 2012-2028. This is attributed to the developed economy and established women's customer base and women using epilators in place of waxing and other products to remove body hair. Furthermore, due to the presence of major market players in the region such as Procter and Gamble, Remington Products Company, Conair Corporation, Colgate-Palmolive, and Helen of Troy L.P the market for personal care appliances is anticipated to witness growth in the long run.
The Asia Pacific region is anticipated to grow at a CAGR of 5.1% over the projected timeframe. This surge is due to the increasing adoption of online shopping in the region. The growing need for self-care and grooming amongst youngsters and the huge population in countries like India and China have become the reasons for growth in these regions.
Some of the key players in the Global Personal Care Appliances Market are Helen of Troy L.P, Panasonic Corporation, Lion Corp, Royal Philips Electronics NV, HoMedics Incorporation, Colgate-Palmolive Company, Conair Corp, Remington Products Company, Norelco Consumer Products Company, Braun GmbH, Johnson & Johnson, GABA GmbH, and Procter & Gamble among others.
The global personal care appliances market is segmented as follows:
The global personal care appliances market was valued at USD 19.49 Billion in 2020.
The global personal care appliances market is expected to reach USD 29.25 Billion by 2028, growing at a CAGR of 5.41% between 2021 to 2028.
Some of the key factors driving the global personal care appliances market growth are increasing number of youth population and gaining consciousness among users for personal care. Additionally, rising investment in the e-commerce sector and listing of business with e-commerce websites are anticipated to boost the market growth in the projected timeframe.
North America region held a substantial share of the Personal Care Appliances market in 2020. This is attributable to the presence of major players such as IBM, Microsoft, and Apple, among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for Personal Care Appliances in developing economies such as China and India.
Some of the major companies operating in the Personal Care Appliances market are Panasonic Corporation, Helen of Troy L.P, Royal Philips Electronics NV, Lion Corp, Colgate-Palmolive Company, HoMedics Inc, Remington Products Company, Conair Corp, Braun GmbH, Norelco Consumer Products Company and Johnson & Johnson, among others.