DUBLIN--(BUSINESS WIRE)--The "Hair Wigs and Extensions Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global hair wigs and extensions market by revenue is expected to grow at a CAGR of over 13% during the period 2021-2026.
An increasing number of customers demanding hair extensions or wigs for beauty or functional purposes has been driving the market over the last few years. Native Africans and people of African descent are the largest consumers of hair wigs and extensions. Interestingly, the demand from these customers has always been nearly inelastic. They spend substantially on chemical hair care products such as relaxers to smoothen and straighten their hair. The availability of high-quality wigs and toupees is encouraging a higher number of men from across the world to opt for these alternatives than for surgical procedures or hair transplants.
The increased demand for premium-quality hair products is influencing manufacturers to set up production facilities in Asian countries, especially in China and India. Moreover, the growth in per capita disposable incomes has increased discretionary spending, which has boded well for wigs and extensions manufacturers. The increase in hair fall rates across the world and the popularity of personal grooming and beauty products are other major factors likely to influence the market growth.
The following factors are likely to contribute to the growth of the hair wigs and extensions market during the forecast period:
- Growing Potential in Middle Income Consumers
- Urban Community Imposing Image Makeovers
- Increasing Use of Wigs in Fashion and Entertainment Industry
- Growing Hair Fall Rate among Men and Women
The study considers the present scenario of the hair wigs and extensions market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Questions Answered
1. What are the key factors and trends enabling the growth of the hair wigs and extensions market?
2. What is the impact of the COVID-19 on the hair extensions industry?
3. Which regions are likely to generate the highest demand for hair wigs and extensions during the forecast period?
4. What is the hair wigs and extensions market size and growth rate during the forecast period?
5. Who are the key players in the wigs and hair extensions industry?
Market Dynamics
Opportunities & Trends
- Change In Middle-Class Spending Patterns
- Image Makeovers In Urban Communities
- Increasing Use Of Wigs In Fashion & Entertainment industry
Growth Enablers
- Increasing Hair Fall Among Men & Women
- Increasing Demand For False Hair As Beauty Accessory
- Social Media Enabling New Demand
- Increasing Demand From African Descent Consumers
Restraints
- Highly Fragmented Market Impeding Profitability
- Rising Expenses In Branding And Manufacturing
- Disputes Over Hair Sourcing
- Rising Prevalence Of Anti-Hair Loss Treatment
Prominent Vendors
- Godrej
- Great Lengths
- Evergreen Product Group
Other Prominent Vendors
- Aderans
- Aleriana Wigs
- Anhui Jinruixiang Hair Product Co. Ltd.
- Artnature
- AY Hair Products
- Balmain Hair
- Beaudiva
- Bellami Hair
- Bloomsbury Wigs
- Bohyme
- Charm Hair
- CheapWigSales
- Cinderella
- Dan Choi's Remy New York
- Diamond Hair Company
- And Many More Companies
For more information about this report visit https://www.researchandmarkets.com/r/3srz61
