Description
U.S
hairbrush market is estimated to exceed USD 1.2 billion by 2022, as per a new
research report by Radiant Insights, Inc. Rising population along with
ascending disposable income is expected to drive industry demand. Significant
rise in disposable income is likely to facilitate higher spend on hair care
products. Improving unemployment ratio is also anticipated to boost consumer
confidence and per capita disposable income. Increasing demand for anti-aging
treatments as well as increasing spending on lifestyle needs is estimated to
fuel industry growth
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Professional
hair brush market was valued at USD 10.3 million in 2014 and is anticipated to
grow at a CAGR of 6.3% from 2015 to 2022. The spur in the industry can be
attributed to increasing number of salons in the region. Significant rise in
number of working women coupled with growing interest in personal appearance is
likely to elevate the industry. Proliferating grooming consciousness among men
paired with availability of reliable products might propel the demand.
According to GCI magazine, total takings from the salon industry encapsulating
hair, nail and skin services grew at a rate of 2.7% in 2013.
Low
awareness levels regarding the right product along with quick availability of
local products at low price might hamper the industry demand over the forecast
period. In addition, increasing adoption of technologically advanced hair
brushes is likely to pose as challenge to market growth. Personal application
hairbrush market is forecasted to possess high penetration rates owing to
increasing adoption among consumers. In addition, professional applications are
expected to witness significant growth opportunities due to rising demand for
grooming services.
Key report insights suggest:
• U.S. hairbrush market was valued at
USD 1.2 billion in 2014 and it is projected to reach USD 1.3 billion by 2022,
growing at an estimated CAGR of 0.02% from 2015 to 2022.
• Personal application was valued at
USD 1.2 billion in 2014. It is estimated to account for 99% of the overall
industry share by 2022 and is expected to continue dominating the regional
market through the forecast period on account of high adoption rate among
consumers.
• U.S. hairbrush industry is quite
consolidated with top two industry players having significant presence. Conair
captured 46% of the overall industry share in 2014. Denman also holds a
significant industry share due to large variety of styling and general brushes
offered
View
Full Report at- https://www.radiantinsights.com/press-release/u-s-hair-brush-market-analysis
For the purpose of this study, Radiant
Insights has segmented the U.S. hairbrush market on the basis of application
U.S. Hairbrush Application Overview
(Revenue, USD Million, 2012 - 2022)
• Personal
• Professional
About Us
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Insights is a market research and consulting company offering syndicated
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research studies are designed to facilitate strategic decision-making, based on
extensive and in-depth quantitative information, supported by extensive
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global experience helping us deliver excellence in all research projects we
undertake
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