Hair Wigs and Extensions Market

Most Exhaustive Report

Hair Wigs and Extensions Market - Global Outlook and Forecast 2018-2023

Hair Wigs and Extensions Market

Most Exhaustive Report

Hair Wigs and Extensions Market - Global Outlook and Forecast 2018-2023

SKU : ARZ180711 Published on : September 2018 Pages : 175 Updated Report Available

${{licencetype}}

Get 10% Free Customization
On This Report.
Customize this report Enquire before buying
data center market research

Get actionable insights on how COVID-19 is impacting your business sector.

Enquire now

Hair wigs and extensions market size is estimated to reach revenues of more than $10 billion by 2023

This market research report offers analysis on the global hair wigs and extensions market size & forecast, market share, industry trends, growth prospects, and vendor analysis. The study also includes insights on segmentation by type, material , and geography.

Hair Wigs and Extensions Market - Overview

The growing incidences of thinning of hair, pattern baldness, bald spots, and hair loss in the hairline is driving the demand in the global hair wigs and extensions market. The use of hair extensions for marriage or stage functions and to fulfill a more functional purpose such as covering the deficiency in the real hair will boost the sales of these products in the global market.

The natural hair for these products is sourced from countries such as India, China, Russia, and Peru. The increasing number of people suffering from various degree and types of alopecia or hair loss is the largest consumer of these products in the global market. The manufacturers in the US source processed and treated hair from vendors in China, India, Myanmar, and Bangladesh. The US is the largest revenue generator in the market, followed closely by APAC.

 The growing demand for high-end human-hair extensions and ultra-high-quality synthetic wigs across the European region will create new opportunities for leading manufacturers in the global market. The increase in per capita income and spending power among consumers will boost the revenues. The global market is growing at a CAGR of approximately 9% during 2017-2023.

 

Global Hair Wigs and Extension Market Analysis 2023

 

Market Dynamics

The rising number of middle-class populations that are emerging as the next potential customers for the beauty industry is driving the growth of the global hair wigs and extensions market. The consumers are focused on proactively researching and asking for branded products including skin care cosmetics and hair care products. The significant changes in the income and expenditure levels that are affecting spending priorities, values, and attitudes will boost the revenues.

The increasing in middle-class spending in China and India is boosting the sales of these products in the market. The surge in middle-class median income, their expenditure trend, shopping mode, and demand for premium hair brands will contribute to the extensive retail sales in these regions. Various established businesses and startups are investing in setting up manufacturing plants, augmenting the development of the global market.

Hair Wigs and Extensions Market Segmentation

This market research report includes a detailed segmentation by type, material, and geography.

 

Global hair wig and extension market segments 2023

 

Insights by Type

Versatility in styling, texture, and luster of hair extensions drives the global hair wigs market

Extensions segment dominated the largest market share in 2017, growing at a CAGR of more than 9% during the forecast period. The extensive use of these products for grooming and functional purposes that also help increase the length and volume of the hair is one of the primary factors attributing to the growth of this segment.

The different types of hair extensions available include clip-in, micro link, cold or hot fusion, and tape-in, thereby, driving the demand for these products in the global hair wigs and extensions market. The growing number of celebrities and models including Kim Kardashian, Beyoncé, Brittney Spears, Kylie Jenner, and Rihanna speaking about using these products will have a positive impact on this segment during the forecast period.

Insights by Material

The popularity of Peruvian hair products to boost sales in the global hair extensions market during the forecast period

Human hair segment occupied the majority market share in 2017, growing at a CAGR of around 9% during the forecast period. The increasing use of natural hair wigs by army and state officers in western countries including the US, UK, and Europe is driving the growth of this segment in the global market. The hair collected from different locations are washed, sterilized, detangled, and arranged in strands of hair based on color and texture to process and transfer to manufacturers process the products.

Leading manufacturers in the global market are primarily from the US, China, and Myanmar. The different types of hair categorized according to the quality is divided into virgin hair, remy hair, and non-remy hair in the global hair wigs and extensions market. The introduction of hair from Peru, Russia, and Brazil is gaining popularity in the global market and creating lucrative opportunities for leading vendors. The growing demand for human hair wigs & products across regions will boost sales over the next few years.

Insights by Geography

Increasing the number of hair salon and beauty centers in North America will attribute to the revenues in the global market

North America dominated the market share in 2017, growing at a CAGR of more than 12% during the forecast period. The growing popularity of hair stylists and style recommendations is contributing to the growth of North America in the global market. Several companies and manufacturers are partnering with saloon and hair stylists to provide the required products and reach a large number of consumers in the market.

The analysts at Arizton estimates that consumers within the 35 to 44 age bracket account for 28% of revenues in the global hair wigs and extensions market. The growing demand for afro-texture wigs is gaining immense popularity in the North American region. The growing number of social media users on platforms such as Facebook, Instagram, and Snapchat will help boost the demand and revenues in the North American region.

Key Vendor Analysis

The global hair wigs and extensions market is witnessing intense competition from various players trying to offer diverse products. The focus on product innovations will help vendors attract new consumers and gain a larger market share. The changes in consumer preferences and rapid advancement in technologies to produce make better synthetic hair will create lucrative opportunities leading manufacturers.

The rising number of Indian players operating with clients in regions such as the US, UK, and Africa will contribute demand in the global market. The gradual shift to African regions and business expansion to other regions will drive the growth of the global market.

Major Vendors:

  • Godrej
  • Great Lengths
  • Evergreen Products Group Limited

 

The Hair wigs and extensions market research report includes detailed analysis of the industry with revenues & forecasts for the following segments:

 

Segmentation by Type

  • Wigs
    • Based on End-Use
      • Leisure
      • Beautification
      • Functional
    • Based on Cap Type
      • Lace
      • Monofilament
    • Based on Hair Type
      • Human Hair
      • Synthetic Hair
      • Extensions
      • Based on End-Use
      • Lengthening and Volumizing
      • Coloring
      • Styling
    • Based on Fitting Type
      • Clip-In
      • Micro Link
      • Tape-In
      • Glue-In
    • Based on Hair Type
      • Human Hair
      • Synthetic Hair

Segmentation by Material

  • Human Hair
    • Source Point
  • Synthetic Hair

Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
  • APAC
    • China
    • India
  • ROW

Key Questions Answered:

  1. How much is the hair extensions industry worth in 2018?
  2. Who are the top players in the Global Market?
  3. What is the market size of hair wigs and extensions market?
  4. What are the key growth opportunities in the market?

FILL IN YOUR DETAILS BELOW TO GET FREE SAMPLE OF THIS REPORT

Client Speak

data center market size

Erik Young

CEO, Co-founder
Audink Inc., DBA Audios

The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow.

data center market

Benjamin Arnold

Senior Product Manager
Interstates

I recently purchased a key Arizton Industry Outlook & Forecast in order to better understand growth for specific market segments and the macro environmental factors impacting this growth. I found Ariztonā€™s coverage of the market dynamics and key takeaways to be insightful and valuable. The segmentation breakouts gave me the information I needed to guide strategic considerations.

data center market research

Hallmann, Nickolai

Manager Market Analyst Power
Generation & Energy
Rolls-Royce Power Systems AG

The provided information by Arizton really met my expectations. Especially the deep information about the datacenter ecosystem was very helpful. Furthermore, I absolutely appreciate the optimal service from the key account managers of Arizton. It was always a pleasure working with them.

Customer Service

Support

+1-312-235-2040

Copyright 2019 - Arizton

data center market