Domestic Beauty Appliance Market to Grow with a CAGR of 5.8% Globally through 2028
Advancement in technology and changing fashion trends
are driving the Global Domestic Beauty Appliance Market in the forecast period
2024-2028.
According to TechSci Research report, “Global Domestic
Beauty Appliance Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Domestic Beauty Appliance
Market stood at USD 57.89 Billion in 2022 and is anticipated to grow with a
CAGR of 5.8% in the forecast period, 2024-2028. The global domestic beauty
appliance market has experienced significant growth and transformation in
recent years, driven by changing consumer preferences, technological
advancements, and evolving beauty and grooming standards. This market
encompasses a wide range of products, including hairdryers, hair straighteners,
curling irons, electric shavers, facial cleansing devices, and more. As
consumers increasingly prioritize self-care and grooming, manufacturers have
responded with innovative and user-friendly beauty appliances.
One of the key drivers of this market is the changing
landscape of beauty and personal care. In today's society, there is a greater
emphasis on personal grooming, influenced by social media and the desire for
individuals to present themselves at their best. This has led to a surge in
demand for domestic beauty appliances that offer salon-quality results from the
comfort of one's home. The trend is not limited to any specific demographic, as
both men and women across various age groups seek products that help them look
and feel their best.
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Technological advancements have played a significant
role in the growth of the domestic beauty appliance market. Manufacturers are
continually introducing new features and innovations to enhance the performance
and convenience of their products. For example, hairdryers now come with
advanced heat control, ionic technology, and attachments for various
hairstyling needs. Electric shavers incorporate precision blades and ergonomic
designs for a closer and smoother shave. Additionally, beauty appliances are
becoming smarter, with connectivity to mobile apps for personalized beauty
routines and maintenance alerts. These technological advancements have made
beauty appliances more efficient and user-friendly, catering to the evolving
needs of consumers.
Geographically, the Asia-Pacific region has emerged as
a significant player in the global domestic beauty appliance market, with a
large and growing middle-class population that values personal grooming. Europe
and North America remain substantial markets as well, characterized by
consumers willing to invest in high-quality beauty appliances. The market's
future growth is expected to be driven by sustainability and eco-friendly
product innovations, as well as the integration of smart technology to enhance
user experiences.
Sustainability is another significant aspect of the
evolving beauty appliance market. Consumers are increasingly concerned about
the environmental impact of their personal care products. As a result,
manufacturers are focusing on developing eco-friendly appliances by using
recyclable materials, reducing energy consumption, and minimizing waste. This
emphasis on sustainability aligns with the broader global shift toward
environmental responsibility.
In conclusion, the global domestic beauty appliance
market has witnessed significant growth and transformation due to changing
beauty standards, technological advancements, a focus on personal grooming, and
increasing awareness of sustainability. The market has expanded to encompass a
wide range of products, and consumers are demanding more convenience and
efficiency from these appliances. With the continuing evolution of beauty and
personal care trends, the domestic beauty appliance market is poised for further
growth and innovation in the coming years. Manufacturers will need to remain
adaptable and responsive to meet the evolving needs and expectations of
consumers in this dynamic market.
The Global Domestic Beauty Appliance Market is
segmented into type, sales channel, regional distribution, and company.
Based on type the market is segmented into hair
styling appliance, hair removal appliance, others. The global domestic beauty appliance market is
experiencing a notable surge in demand for hair styling appliances. This rise
in demand is driven by changing beauty standards, where well-coiffed hair has
become a symbol of personal grooming and self-expression, greatly influenced by
social media. Consumers are increasingly seeking versatile and high-performance
hair styling appliances, such as curling irons, hairdryers, and hair
straighteners, to achieve a wide range of hairstyles conveniently within the
comfort of their own homes. This trend reflects a broader societal shift toward
greater personalization and self-expression in the beauty and grooming
industry.
Based on sales channel the market is segmented into supermarkets/hypermarkets,
specialty store, online, others.
Based on region the market is segmented into five regions,
North America, Europe, Asia Pacific, Middle East & Africa, and South
America.
Major companies operating in Global Domestic
Beauty Appliance Market are:
- Panasonic Corporation
- Philips N.V.
- Conair Corporation
- Helen of Troy Limited
- Tescom
- TRIA Beauty, Inc.
- Braun
- Babyliss
- Remington
- Nu Skin Enterprises
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“Rising demand of smart beauty appliances is a
significant trend that is expected to have an impact on growth over the
forecasted period. Advancement in
technology and changing fashion trends will positively impact the Global Domestic
Beauty Appliance Market. Due to the wide range of products available to meet
specific needs of, as well as the growing popularity of the online sales
channel, the market is growing at impressive rate through projected period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Domestic
Beauty Appliance Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Hair Styling Appliance, Hair Removal Appliance,
Others), By Sales Channel (Supermarkets/Hypermarkets, Specialty Store, Online,
Others), By Region, By Competition, 2018-2028”, has evaluated the
future growth potential of Global Domestic Beauty Appliance Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Domestic Beauty Appliance Market.
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