According to our latest market research on “Hair Extensions Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Product Type (Tape-in, Fusion & Pre-bonded, Clip-in and Others ), Source (Human & Synthetic Hair) & End User (Men & Women)”, market was valued at US$3,561.76 Million in 2020 and is projected to reach US$4,929.13 Million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028. The report highlights the key factors driving market growth and the major players along with their developments in the market.
Hair extensions are used to add volume, increase length or improve the visual appearance of natural hair. With the increase in per capita disposable income of the middle-class population, their purchasing behavior and standard of living are changing rapidly. The fashion and entertainment industry has become vital for hair extension products, both in terms of revenue and adoption.
The growing demand for hair extensions is propelling the adoption of self-care products. Rising disposable income and the need to improve the physical appearance of consumers are propelling the demand for self-care products such as hair extensions and wigs. Improved quality of life, the positive effects of self-care on self-esteem and social interaction, and the gradual shift of consumers towards luxury and high-end self-care products are a few factors that are likely to propel the growth of the market over the forecast period. . Additionally, the increase in per capita disposable income has increased discretionary spending, which bodes well for hair extension manufacturers. Rising incidence of hair loss among the global population and growing popularity of beauty and personal care products are other factors that are likely to influence the growth of the market.
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Impact of the COVID-19 pandemic on the hair extensions market
The COVID-19 outbreak is negatively affecting the economies and industries of various countries due to lockdowns, travel bans and business closures. The global consumer goods industry is one of the significant industries experiencing severe disruptions such as supply chain disruptions, tech event cancellations, and office closures. Several companies have already announced possible delays in product deliveries and a drop in future sales of their products. In addition, global travel bans imposed by countries in Europe, Asia and North America hamper business collaborations and partnership opportunities. All these factors are negatively affecting the consumer goods industry, which is restraining the growth of the hair extensions market.
Our sample report includes a brief introduction of the research report, the table of contents, a list of tables and figures, an overview of the competitive landscape and an overview of geographical segmentation, innovation and future developments based on the methodology of research.
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The research literature includes data from primary and secondary sources. A detailed company profile of each player is provided, including organic and inorganic growth strategies, partnerships, collaborations, product launches, product approvals, expansions and other key developments. These activities have paved the way for business expansion and expanded the customer base of major market players. Our comprehensive report offers exclusive access to crucial data on leading companies such as their growth rate, market share, valuation, SWOT analysis and strategies used to maximize profits or address issues.
Some of the key players profiled in the report are:
• LONG LENGTHS UNIVERSAL SPA HAIR EXTENSIONS
• Balmain Paris Hair Couture
• easihair pro.
• Klix hair extensions
• Locks and Bonds
• Anhui Jinruixiang Hair Products Co., Ltd.
• Evergreen Product Group Limited
• Cinderella hair extension
• Barclaywolf hair extensions
Hair Extensions Market – By Product Type
• Fusion and pre-glued
• Clip-in hair extensions
Hair Extensions Market – By Source
Hair Extensions Market – By End User
The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the hair extensions market in these regions.
The report provides a detailed overview of the industry after examining the qualitative and quantitative aspects. It also involves the market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Hair Extensions market for each region is further sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries in the world, as well as the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned In The Global Hair Extensions Market Report:
• North America
• Asia Pacific
• Latin America
• The Middle East and Africa
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Key Features of the Hair Extensions Market Report:
• Identify the growth, size, major players and segments of the global hair extensions market.
• Highlight key business priorities and help companies adopt business strategies accordingly.
• The key findings and recommendations highlight crucial progressive industry trends in the global Hair Extensions Market, thereby allowing players across the value chain to develop effective long term strategies.
• Develop/modify business expansion plans by gaining actionable insights into organic and inorganic growth strategies adopted by other players.
• Carefully analyze the global market trends and outlook along with the factors driving and restraining the market.
The report also covers a detailed chapter of the analysis of the impact of COVID-19 on this market at global and regional levels in our final reports.
This research provides in-depth information on the major factors influencing Hair Extensions market growth at the global and regional levels (drivers, restraints, opportunities and challenges), market size forecast, in terms of value, market share market by region and segment. ; regional market positions; growth opportunities by segment and by country; Developments of new products, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; current competitive challenges and threats and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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