LONDON–(BUSINESS WIRE)–COVID-19 market impact analysis anticipates Negative and Inferior growth of the hair dryer market, with the 41% of the market’s growth will originate from APAC during the forecast period, according to Technavio report Global hair dryer market with COVID-19 analysis.
The increasing availability of low-cost or economic hair dryers is one of the key factors expected to drive hair dryer market growth. Several small-budget market players are increasingly manufacturing hair dryers at lower costs due to the continuous innovation in manufacturing technologies. The increasing popularity of these economic hair dryers is also encouraging major market players to extend their product line and offer products for the economical end-user segment. Consequently, there will also be a significant drop in the prices of hair dryers, which will also result in an increase in their sales. Furthermore, this industry research report also presents a competitive analysis of the market by product (corded hair dryers and cordless hair dryers), end-user (professional usage and individual usage), and geography (APAC, Europe, MEA, North America, and South America).
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Competitive vendor landscape
The global hair dryer market is highly competitive with major vendors such as Beauty by Imagination Inc., Conair Corp., Coty Inc., Dyson, Havells India Ltd., Koninklijke Philips NV, Orchids International, Panasonic Corp., Revlon Inc., and Skyline Home Appliances., competing based on price, quality, and market presence.
“Apart from the increasing availability of low-cost hair dryers, the consumer’s high spending on professional salons and blow dry bars product innovation in terms of design and features are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Top Five Hair Dryer Market Vendors
Beauty by Imagination Inc.
Beauty by Imagination Inc. operates its business under unified segment. The company offers a wide range of hair dryers under the brand Bio Ionic. Few of the products include PowerLight Pro-Dryer, Graphene MX Dryer, and GoldPro Travel Dryer, among others.
Conair Corp.
Conair Corp. operates its business under three segments, which include BaByliss PRO, Cuisinart, and waring commercial. The company offers a wide range of full-size, mid-size, compact, and wall-mount hair dryers, such as Frizz Free Pro dryer, Cord-Keeper dryer, and others.
Coty Inc.
Coty Inc. has business operations under various segments, namely consumer beauty, luxury, and professional beauty. The company offers a wide range of hair dryers under the brand good hair day (ghd). Few newly introduced hair dryers by the company are ghd platinum+, ghd gold, and the ghd helios hair dryers.
Dyson
Dyson operates its business under four segments, which include air purifiers, cord-free vacuums, hair care, and lighting. The company offers Dyson Supersonic hair dryer in different models, features, and colors.
Havells India Ltd.
Havells India Ltd. operates its businesses under segments: switchgears, cables, lighting and fixtures, electrical consumer durables, and lloyd consumer. The company offers a wide variety of hair dryers, such as 2-in-1 hair dryer, ionic hair dryer, dual voltage hair dryer, compact hair dryer, and others.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Custom Reports with Industry & COVID-19 Analysis
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Corded hair dryers – Market size and forecast 2019-2024
- Cordless hair dryers – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End user
- Market segments
- Comparison by End user
- Professional usage – Market size and forecast 2019-2024
- Individual usage – Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Beauty by Imagination Inc.
- Conair Corp.
- Coty Inc.
- Dyson
- Havells India Ltd.
- Koninklijke Philips NV
- Orchids International
- Panasonic Corp.
- Revlon Inc.
- Skyline Home Appliances
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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