Electric Hair Brush Market Share 2023- By COVID-19 Impact on Industry Trends, Revenue, Growth Drivers, Business Challenges, Key Manufacturers and Forecast Analysis Report 2033: SPER Market Research
An electric hair brush is used to dry and straighten hair in addition to combing. The two main categories of hair brushes are paddle brushes and flat brushes with bristles attached to a ceramic or tourmaline plate. These heating plates produce heat, which releases negative ions and makes hair glossy and smooth. The electric hair brush is a hair styling equipment that is quite popular with its intended audience. These brushes are frequently used to straighten curly or wavy hair and also give it a longer-lasting shine texture.
According to SPER market research, ‘Electric Hair Brush Market Size- By Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Electric Hair Brush Market is predicted to reach USD 0.58 billion by 2033 with a CAGR of 6.93%.
There is a growth in the desire for shiny and straightened hair, especially among millennials, as a result of rising awareness of personal care and the abundance of fashion campaigns on social media sites like, YouTube, Facebook, and Instagram. Along with the growing use of electric hair brushes in salons and other settings for hair care, this is one of the key elements influencing the market’s optimistic outlook.
Numerous major challenges that the electric hair brush market is currently dealing with will affect its development and level of competition. It is anticipated that the greater cost of repair and maintenance for such devices will restrict market growth. It is also projected that the accessibility of low-cost, manual hair brushes would pose challenges for market growth.
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Impact of COVID-19 on Global Electric Hair Brush Market
The COVID-19 pandemic had a huge effect on the global electric hair brush business. Demand for personal grooming items, particularly electric hair brushes, fluctuated due to lockdowns, social isolation policies, and economic instability that affected consumers worldwide. Early in the epidemic, people prioritized necessities and reduced spending on non-essential items, which led to a decline in sales. But as the pandemic persisted, there was a definite change in consumer behaviour.
Electric Hair Brush Market Key Players:
Furthermore, The North American region’s highest share is attributable to a significant number of hair salon operations in countries such as the United States and Canada, resulting in higher profits for electric hair brush goods from such institutions. According to SBDCNet Organization data, there were 80,000 hair salon establishments in the United States as of May 2020. Furthermore, the increasing popularity of IoT-based beauty and personal care gadgets is increasing demand for smart hairbrush items among the region’s population. Additionally, some of the market key players are Koninklijke Philips N.V., L’Oréal S.A., Panasonic Corporation, Revlon Inc., Spectrum Brands Inc., and The Conair Group Ltd.
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Electric Hair Brush Market Future Growth
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