Electric Hair Brush Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report By 2025
“The global electric hairbrush market size was worth USD 478.7 million in the year 2018. It is projected to reach USD 694.1 million by 2025, according to a new report published by Million Insights.”
The global Electric Hair Brush Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global electric hair brush market size is projected to reach USD 694.1 million by 2025, according to a new report published by Million Insights, registering a CAGR of 5.4% over the forecast duration. The growing trend of hair styling among the female population influenced by fashion campaigns by YouTube, Pinterest, and Facebook is expected to promote the demand for an electric hairbrush. Moreover, the increasing aging issues led to hair fall and other problems, which, in turn, are predicted to influence the consumers to spend on these products. Top Companies: The key players in the electric hair brush market include Rozia; Philips; VEGA; DAFNI; GLAMFIELDS; Revlon, Inc.; Gooseberry; MiroPure; Corioliss; AsaVea; and L'Oréal S.A. The rising number of domestic suppliers in countries like India and China is predicted to limit the scope of premium brand owners of this market. Companies are increasing investment on producing advanced products with smart features coupled with convenience to the customers. In addition, the rising number of smartphone users, availability of tablets, and improved connectivity are predicted to drive the manufacturing companies to expand their products in online portals. Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-electric-hair-brush-market/request-sample
Application Insights The professional segment held 70.8% of the revenue share in 2018. The growing number of luxury salons due to increased expenditure by salon-owners on renovation and advanced features, trendy hairstyles, and celebrity images is predicted to fuel the demand for electric hairbrushes among fashion gurus and barbers. Moreover, the rising number of shopping malls in countries like Bangladesh, Thailand, China, and India coupled with the increased middle-income groups is predicted to increase investment by salon owners to have setups inside. This will create new channels for the market growth of electric hair brushes over the years. Personal use is expected to grow at a CAGR of 6.0% for the period of 2019 to 2025. The trend of maintaining a good hairstyle among the female working population in countries like China, Brazil, and India is expected to drive the electric hairbrush market. Moreover, increasing awareness for new styles of straighten and curly hair influenced by social media is projected to drive the demand for these products. Digitalization and the preference for convenient products have led to the demand for technologically advanced products. For example, L’Oréal, in January 2017, launched a smart hairbrush under the name, Kerastase Hair Coach contains sensors which aim to minimize the risks relating to split ends and hair breakage and assist the customers on hair quality and brushing patterns. Distribution Channel Insights The offline channel was valued at USD 350.0 million in 2018. Consumers prefer purchasing through supermarkets, appliance stores, and brand outlets as these stores provide the benefit of physical verification of the products. Moreover, the range of brands available under a single roof attracts the customers to shop from these supermarkets. The online channel has significant potential and is expected to grow at a CAGR of 6.2% for the period 2019 to 2025 owing to an increased number of smartphone users and better internet connectivity. This promotes purchasing products such as electric hairbrushes online. Moreover, the penetration of the ecommerce sector with better features like discount coupons, cash-on-delivery, paybacks, and free-home delivery is predicted to boost the electric hairbrush market. Regional Insights Europe held the largest market share of more than 35.0% in 2018. Increased spending on cosmetic items in Western European countries like U.K., France, and Germany is expected to have a favorable impact on the market. Moreover, the rising number of salon stores like Estée Lauder Companies and L’Oréal are aiming to provide advanced quality hairbrush products to the customers in the upcoming years. Asia Pacific is expected to grow at a CAGR of 7.2%, thus, becoming the fastest expanding market over the forecast period. The increasing concentration of middle-income groups in countries like India and China is predicted to promote the demand for these products for personal grooming. Furthermore, infrastructure development and urbanization in these countries have contributed to opening new areas of market growth with the launch of new salons. Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/
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