The Personal Care Appliances Market to grow by USD 5,889.16 million from 2022 to 2027; The rise in online sales to boost market growth

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The personal care appliances market is estimated to grow at a CAGR of 5.38% between 2022 and 2027. The market size is forecast to increase by USD 5,889.16 million, according to Technavio. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Frequently Asked Questions:

Based on segmentation by Distribution Channel, which is the leading segment in the market?- The market share growth by the offline segment will be significant during the forecast period.

What are the major trends in the market? - The rise in online sales of personal care appliances is the primary trend shaping the global personal care appliances market growth.

At what rate is the market projected to grow?- The personal care appliances market size is estimated to grow at a CAGR of 5.38% between 2022 and 2027.

Who are the top players in the market? - Amika LLC, Andis Co., Beauty Quest Group, Colgate Palmolive Co., Conair Corp., Coty Inc., Drybar Holdings LLC, Dyson Group Co., Elchim Spa, Farouk Systems Inc., FKA, Distributing Co. LLC, IkonicWorld, Koninklijke Philips NV, Olivia Garden Int. Inc, Panasonic Holdings Corp., Spectrum Brands Holdings Inc., T3 Micro Inc., The Procter and Gamble Co., Velecta Paramount, Wahl Clipper Corp.

What are the key market drivers and challenges? - The primary driving force behind the global personal care appliances market's growth is the increase in consumers' discretionary income. However, high maintenance and regular upgradation requirements for personal care appliances are major challenges impeding the growth

How big is the APAC market?- APAC is estimated to contribute 33% to the growth of the global market during the forecast period

Personal care appliances market – Company AnalysisCompany Landscape - The personal care appliances market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer personal care appliances in the market are Amika LLC, Andis Co., Beauty Quest Group, Colgate Palmolive Co., Conair Corp., Coty Inc., Drybar Holdings LLC, Dyson Group Co., Elchim Spa, Farouk Systems Inc., FKA Distributing Co. LLC, IkonicWorld, Koninklijke Philips NV, Olivia Garden Int. Inc, Panasonic Holdings Corp., Spectrum Brands Holdings Inc., T3 Micro Inc., The Procter and Gamble Co., Velecta Paramount, and Wahl Clipper Corp., and others.

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Company Offerings -

Amika LLC - The company offers personal care appliances such as hair straighteners, hair curlers, hair dryers, and facial rollers.

Beauty Quest Group - The company offers personal care appliances under its brand Rusk Hairs.

Colgate Palmolive Co. - The company offers personal care appliances such as Colgate 360 Charcoal Sonic powdered electric toothbrushes.

For details on the company and its offerings – Request a sample report

Personal Care Appliances Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on distribution channels (offline and online), and products (hair care appliances, hair removal appliances, and oral care appliances)

The market share growth in the offline segment will be significant during the forecast period. Offline sales channels include specialty stores, department stores, and mass retailers. Companies are pursuing online-to-offline (O2O) business strategies that increase revenue through offline channels while delivering seamless digital experiences. O2O offers benefits such as in-store pickup of online purchases, online purchases in physical stores, and returns of online purchases at designated physical locations. Thus, these factors are expected to drive segment growth during the forecast period.

Geography OverviewBy geography, the personal care appliances market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal care appliances market.

APAC is estimated to contribute 33% to the growth of the market during the forecast period. The market in the region is highly competitive, with established brands such as Philips, Panasonic, and Shiseido. Major companies focus on innovation and new product launches to keep up with market trends. Furthermore, consumers in countries such as China, Japan, and South Korea prefer high-quality and technologically advanced personal care appliances due to the growing awareness of personal care. Thus, these factors are expected to drive market growth in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Personal Care Appliances Market – Market Dynamics

Key Driver

The increase in consumers' discretionary income is a key factor driving market growth. The market is growing as consumers with high disposable income invest in premium personal care devices, including smart, innovative, and quality products. With increased purchasing power, consumers are prioritizing self-care and grooming, continuing to purchase items such as hair dryers and hair straighteners to achieve a professional look at home. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The rise in online sales of personal care appliances is a major trend in the market. Some companies, such as Dyson and Phillips, sell their products through both physical stores and online platforms. Online channels offer greater product visibility and a diverse range of products. Additionally, increasingly busy lifestyles and time constraints are driving consumers to purchase personal care devices online. This trend encourages the use of online shopping portals for purchasing personal care products. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges

High maintenance and regular upgradation requirements for personal care appliances are significant challenges restricting the market growth. The cost of owning and maintaining personal care appliances can be high due to frequent upgrades, resulting in low affordability. To avoid such costs, customers may choose lower quality, cheaper options or look for alternative solutions. Regular product upgrades can also lead to technological obsolescence. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Personal Care Appliances Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the personal care appliances market between 2023 and 2027

Precise estimation of the size of the personal care appliances market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the personal care appliances market across APAC, Europe, North America, South America, and the Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about companies

Comprehensive analysis of factors that will challenge the growth of personal care appliances market companies.

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Personal Care Appliances Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.38%

Market growth 2023-2027

USD 5,889.16 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.93

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and Brazil

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Amika LLC, Andis Co., Beauty Quest Group, Colgate Palmolive Co., Conair Corp., Coty Inc., Drybar Holdings LLC, Dyson Group Co., Elchim Spa, Farouk Systems Inc., FKA Distributing Co. LLC, IkonicWorld, Koninklijke Philips NV, Olivia Garden Int. Inc, Panasonic Holdings Corp., Spectrum Brands Holdings Inc., T3 Micro Inc., The Procter and Gamble Co., Velecta Paramount, and Wahl Clipper Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global personal care appliances market 2017 - 2021

4.2 Distribution Channel Segment Analysis 2017 - 2021

4.3 Product Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Distribution Channel

6.1 Market segments

6.2 Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2022-2027

6.4 Online - Market size and forecast 2022-2027

6.5 Market opportunity by Distribution Channel

7 Market Segmentation by Product

7.1 Market segments

7.2 Comparison by Product

7.3 Hair care appliances - Market size and forecast 2022-2027

7.4 Hair removal appliances - Market size and forecast 2022-2027

7.5 Oral care appliances - Market size and forecast 2022-2027

7.6 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Japan - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Brazil - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Company Landscape

11.1 Overview

11.2 Company landscape

11.3 Landscape disruption

11.4 Industry risks

12 Company Analysis

12.1 Companies covered

12.2 Market positioning of companies

12.3 Amika LLC

12.4 Andis Co.

12.5 Beauty Quest Group

12.6 Colgate Palmolive Co.

12.7 Conair Corp.

12.8 Coty Inc.

12.9 Drybar Holdings LLC

12.10 Dyson Group Co.

12.11 Elchim Spa

12.12 FKA Distributing Co. LLC

12.13 IkonicWorld

12.14 Koninklijke Philips NV

12.15 Panasonic Holdings Corp.

12.16 The Procter and Gamble Co.

12.17 Wahl Clipper Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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