Personal Care Electrical Appliances Market Set To Record Exponential Growth By 2022

Fraud Detection & Prevention Mark Skim Market Personal Care Electrical Appliances Met Market Market 149 Pages Report

Global Opportunity Opportunity Analysis Global Opportunity Opportunity Analysis Global Opportunity Global Opportunity Global Opportunity Global Opportunity Global & Opportunity Analysis Industry and Industry Forecast, Analysis and Industry and Industry Forecast, Analysis and Industry Analysis Analysis and and Industry Industry Analysis and Industry Forecast, 2014-2022 2014 - 2022 Forecast, 2014-2022 Forecast 2022 2014-2022 Forecast 2030 Forecast, 2014-2022 Forecast, 2014 - 2022 Forecast, 2017-2023

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Personal Care Electrical Appliances Market

“The world personal care electrical appliances market is anticipated to witness steady demand in developed regions on account of early adoption of premium lifestyle and awareness regarding personal grooming. However, individuals in developing regions are inclined towards hair care technology such as stylers and straighteners, which would further fuel the demand. “

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Personal Care Electrical Appliances Market

Personal Care Electrical Appliances Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $28,007 million by 2022.The hair care appliances segment is estimated to dominate this market throughout 2016 - 2022. North America accounted for around two-fifths share of the market in 2015.

Download Free Sample Copy Of Report Growth in ageing population, improving economic conditions, increasing awareness regarding personal grooming, inclination towards automation, and growing online sales are factors that drive the market growth. In addition, growing urban population and increasing demand from untapped markets such as Asia-Pacific and LAMEA are anticipated to further drive the demand for the personal care electrical appliances market. However, lack of durability and high cost of the products limit the market growth.

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Personal Care Electrical Appliances Market

The hair care appliances segment accounted for over two-fifths of the global personal care electrical appliances market in 2015, owing to the influence of western lifestyle on the population of developing and untapped regions. The hair straightener subsegment was the leading revenue contributor to the global hair care appliances market in 2014, accounting for more than 43% share, and is further expected to dominate the market throughout the forecast period, growing at a CAGR of 7.1% from 2016 to 2022.

The hair stylers segment is the fastest growing market, registering a CAGR of 10.0% from 2016 to 2022. This is attributed to growing inclination of women towards styled hair rather than straightening.

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Personal Care Electrical Appliances Market

Trimmer was the leading revenue contributor to the global hair removal appliances segment owing to its established market status and historical trend of trimmed beard. Epilators and shavers together contributed around 47% share in 2014 and would grow at a CAGR of 10.2% and 10.8% respectively during the forecast period. Epilators have a different mode of action as that of shavers. They do not remove the hair from surface, rather pluck off hair strands from their roots.

This gives a permanent solution as compared to shaving. Therefore, men use shavers for facial hair, whereas women prefer epilators. The availability of substitute products, such as hair removal creams, and others act as replacements for epilators; thereby, limiting their growth. Consumers shift from creams and other hair removal methods to epilators is expected to be gradual in untapped markets of the Asia-Pacific and LAMEA regions.

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Personal Care Electrical Appliances Market

Major Companies:  Remington Products Company  Procter and Gamble (Braun GmbH/Oral B)  Conair Corp.  Royal Philips Electronics NV  Panasonic Corporation  Groupe SEB  Colgate-Palmolive  Helen of Troy L.P  HoMedics Inc.  LION Corp.

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Personal Care Electrical Appliances Market

Key findings of the Personal Care Electrical Appliances Market:  In the year 2014-2015, hair care appliances segment led the overall personal care electrical appliances market revenue, and is projected to grow at a CAGR of 7.7%.  Oral care appliances is expected to be the third highest revenue-generating segment by 2022 and would grow at the highest CAGR of 11.4% during the forecast period.  Hair stylers is anticipated to be the fastest growing market segment for the hair care appliances market and is projected to grow at a CAGR of 10%.

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Personal Care Electrical Appliances Market

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