The global Hair Accessories market size is expected to be worth around US$ 40.6 billion by 2030, according to a new report by Vision Research Reports.
The global Hair Accessories market size was valued at US$ 18.4 billion in 2020 and is anticipated to grow at a CAGR of 8.7% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 40.6 Billion by 2030 |
| Growth Rate | CAGR of 8.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Connectivity, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Targus; Dell Technologies Inc.; StarTech.com; ACCO Brands Corporation; HP Development Company L.P; Lenovo Group Limited; Plugable Technologies; TOSHIBA CORPORATION; Acer Inc.; Samsung Electronics Co., Ltd. |
Growth Factors
The market growth is attributed to a rising preference for fashionable products that serve the purpose of utility as well as give a trendy look to the hairdo is expected to drive the market throughout the forecasted period. Rapid development in production technologies, evolving fashion trends, and hairstyles, and the availability of various attractive accessories have driven consumers to purchase hair accessories.
Well-styled hair can enhance the overall physical appearance of a person. Over the past few years, people have been paying significant attention to their hair care and styling routines as hair play a crucial role in self-perception. Lately, hair accessories have become popular among all ages and income groups, and styles can range from schoolgirl staples to runway fashion. The availability of both premium and budget-friendly hair accessories has also boosted product demand and uptake.
By Distribution Channel Analysis
The general stores segment accounted for a revenue share of 47.8% in 2020. The segment is projected to retain its market dominance throughout the forecast period owing to the high consumer inclination toward purchasing hair accessories.
Benefits of online shopping, such as wide availability of products, the convenience of shopping anytime and anywhere, doorstep delivery, safe payment getaways, and discount offers, have been encouraging consumers to opt for the online distribution channel.
The online platform is expected to register a CAGR of 9.2% from 2021 to 2030. The shift in consumers’ shopping behavior is one of the major factors driving the sales through the online channel. Growing consumer preference for the online platform has prompted companies to offer products through this channel.
By Product Analysis
The elastics and ties segment held the largest revenue share of 33.3% in 2020 and is expected to maintain its dominance over the forecast period. The growth of the elastics and ties segment is attributed to the availability of a wide range of products in terms of design, shape, and material.
Earlier, these products were either available in leather or rubber; however, with improvements in production technologies, manufacturers have started developing products using different fabrics like silk, and mesh to create a trendier and more polished product that not only supports the hair but also accessorizes the outfit.
The wigs and extensions segment is anticipated to be the second-fastest-growing product segment with a CAGR of 9.0% from 2021 to 2030. The wigs and extensions segment has been witnessing significant popularity owing to the introduction of human hair-based wigs and extensions.
By Regional Analysis
Asia Pacific dominated the market for hair accessories and accounted for the largest revenue share of over 38.3% in 2020. The increasing number of working women, especially in the corporate sector and fashion industry.
Europe is the second-fastest-growing market and is expected to witness a CAGR of 7.7% from 2021 to 2028. Evolving fashion trends and changing style statements among consumers have increased the demand for clips and pins and elastics and ties to complement their outfits.
Key Players
- Goody Products Inc.
- Claire’s
- Conair Corporation
- H&M
- Forever 21
- Fromm International
- Annie International Inc.
- L. ERICKSON
- Silke London
- Invisibobble
- Hair Drama Company
- Bunzee Bands
- Riot Accessories LTD
- SwirlyCurly Hair
- SOQ Jewelry
- Creative Findings
- Good Hair Days
- Jennifer Behr
Market Segmentation
- By Product
- Clips & Pins
- Headbands
- Wigs & extensions
- Elastics & Ties
- Others
- By Distribution Channel
- Hypermarkets & Supermarkets
- General Stores
- Online
- Regional
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hair Accessories Market, By Product
7.1. Hair Accessories Market, by Product, 2021-2030
7.1.1. Clips & Pins
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Headbands
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Wigs & extensions
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Elastics & Ties
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Hair Accessories Market, By Distribution Channel
8.1. Hair Accessories Market, by Distribution Channel, 2021-2030
8.1.1. Hypermarkets & Supermarkets
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. General Stores
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Online
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hair Accessories Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 10. Company Profiles
10.1. Goody Products Inc.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Claire’s
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Conair Corporation
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. H&M
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Forever 21
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Fromm International
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Annie International Inc.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. L. ERICKSON
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Silke London
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Invisibobble
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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