Hair Extension Market
Hair Extension Market to Reach USD 4.4 billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services
New York, February 2023: According to a new research study by Global Insight Services (GIS), the global Hair Extension market is expected to grow rapidly over the next 10 years to reach a value of more than USD 4.4 billion by 2032.
Hair extensions are a way to add length, volume, and color to your hair. There are many different types of hair extensions, including clip-in extensions, tape-in extensions, and sew-in extensions. Extensions can be made from real human hair or from synthetic fibers.
Clip-in hair extensions are the most popular type of extensions. They are easy to put in and take out, and they donâ€™t require any permanent commitment. Tape-in extensions are another popular option. They are applied with adhesive tape, and they last for about six weeks. Sew-in extensions are the most permanent type of extension, and they are sewn into your natural hair.
Extensions can be a great way to add length, volume, and color to your hair. However, it is important to choose the right type of extension for your hair type and lifestyle. Extensions can be damaging to your natural hair, so it is important to consult with a professional before getting extensions.
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Hair Extension Market: Key Trends and Drivers
The key drivers of the hair extension market are:
1. Increasing awareness of hair extensions: There is an increasing awareness of hair extensions and their benefits among women. This is driven by celebrities and social media influencers who are often seen sporting different hairstyles using hair extensions.
2. Variety of hair extension types: There is a wide variety of hair extension types available in the market, which gives women the opportunity to choose the type that best suits their needs.
3. Ease of use: Hair extensions are relatively easy to use and can be applied at home without the need for professional help.
4. Affordable: Hair extensions are generally more affordable than other hair styling options such as hair transplants.
5. Time-saving: Applying hair extensions can save a lot of time compared to other hair styling options such as curling or straightening the hair.
Hair Extension Market: Restraints and Challenges
The main restraints on the hair extension market are the high cost of hair extensions and the lack of knowledge about them among consumers. Hair extensions can be very expensive, and the cost can vary depending on the type of hair extension, the length of the hair, and the quality of the hair. This can be a barrier to entry for many consumers. In addition, many consumers are not aware of the different types of hair extensions available, and how to properly care for them. This can lead to damaged hair and even hair loss.
Hair Extension Market Report Findings
The synthetic hair extension segment is anticipated to dominate the market during the forecast period
Based on type, it is segmented into synthetic hair extension, human hair extension, and animal hair extension. The synthetic hair extension segment is anticipated to dominate the market during the forecast period. Similarly, the human hair extension segment is anticipated to witness the fastest growth during the forecast period.
The haircare segment is anticipated to dominate the market during the forecast period
Based on end use, it is segmented into haircare, beauty & cosmetics, and others. The haircare segment is anticipated to dominate the market during the forecast period. Similarly, beauty & cosmetics segment is anticipated to witness the fastest growth during the forecast period.
The North American region is anticipated to dominate the market during the forecast period
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
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The key players studied in the report are Great Lengths Universal Hair Extensions SRL, Balmain Hair Group B.V., Esqido SO.CAP., The Original USA, Donna Bella OpCo LLC, Cinderella Hair Extension, Klix Hair Inc, Racoon International, Hairlocs, Viva Femina Inc., among others.
Hair Extension Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current global Hair Extension market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
- A thorough analysis of market trends and restraints is provided.
- Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
- The forecasts in this report are made by examining the recent trends along with future Hair Extension market potential from 2022 to 2032 in terms of revenue.
- Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Hair Extension market are also analyzed.
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Hair Extension industry.
Global Hair Extension Market Segmentation
- Hair Care
- Beauty & Cosmetic
- Synthetic Hair Extension
- Human Hair Extension
- Animal Hair Extension
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Rest of the World
- Latin America
- Middle East
- Great Lengths Universal Hair Extensions SRL
- Balmain Hair Group B.V.
- Esqido SO.CAP.
- The Original USA
- Donna Bella OpCo LLC
- Cinderella Hair Extension
- Klix Hair Inc.
- Racoon International
- Viva Femina Inc.