The global hair dryer market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact the market growth. Hence owing to the development and manufacturing of innovative solutions the hair dryer market is augmenting its growth over the forecast period. For instance,
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- In April 2022, Laifen launched a high-speed brushless motor hair dryer that is available on Amazon and Laifentech.com and available in the United States, Canada, and Europe. The new device is included with the technology 110,000 RPM brushless motor that generates powerful 22m/s airflow, 200 million negative ions, and solvers general hair problems.
- In October 2020, Panasonic India launched a new hair dryer with nanoe and Platinum ions Technology priced at RS 6,999 available on Amazon. This new technology-based hair dryer uses nanoe – ultrafine water particles that maintain the moisture balance of the hair and scalp whereas platinum ions coat the hair surface and tighten the cuticles for healthy and lustrous hair.
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- In July 2020, Tineco launched a new smart hair dryer that has multiple smart sensors, the MODA ONE hair dryer. These new devices detect real-time hair moisture levels and also automatically control damaging heat and optimize airflow for a healthier and faster drying. The major new sensor technology used is real-time drying feedback via led loop, powerful digital motor, ion optimization, intelligent noise optimization, and multiple drying modes via the app and among others.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product
o By Application
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Dyson, Havells Group, Koninklijke Philips N.V., Panasonic Group, Sharp Singapore Electronics Corporation Pte. Ltd., Spectrum Brands Holdings, Inc., Syska Led Lights Pvt Ltd, Wahl Clipper Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hair Dryer Market Report Segment
By Product
- Corded
- Cordless
By Application
- Individual
- Professional
By Distribution Channel
- Online
- Offline