LONDON--(BUSINESS WIRE)--Technavio has been monitoring the hair wigs and extension market and it is poised to grow by USD 2.42 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The human hair wigs and extensions are expected to be the leading segment in the global market during the forecast period.
- What are the major trends in the market?
- Technological advances in production of synthetic hair wigs is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 6%, the incremental growth of the market is anticipated to be USD 2.42 billion.
- Who are the top players in the market?
- Aderans Co. Ltd., Artnature Inc., Donna Bella OpCo LLC, Evergreen Products Group Ltd., Godrej Consumer Products Ltd., Great Lengths Universal Hair Extensions Srl, Klix Hair Inc., Rebecca Hair Products Co. Ltd., Shake-N-Go Inc., and Shandong AY Hair Products Co. Ltd. are some of the major market participants.
- What are the key market drivers and challenges?
- Need for premium human hair goods is one of the major factors driving the market. However, the high labor costs for handwoven wigs restraints the market growth.
- How big is the North America market?
- The North America region will contribute 44% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aderans Co. Ltd., Artnature Inc., Donna Bella OpCo LLC, Evergreen Products Group Ltd., Godrej Consumer Products Ltd., Great Lengths Universal Hair Extensions Srl, Klix Hair Inc., Rebecca Hair Products Co. Ltd., Shake-N-Go Inc., and Shandong AY Hair Products Co. Ltd. are some of the major market participants. The need for premium human hair goods will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Hair Wigs and Extension Market 2020-2024: Segmentation
Hair Wigs and Extension Market is segmented as below:
-
Product
- Human Hair Wigs and Extension
- Synthetic Hair Wigs and Extension
-
Geography
- North America
- Europe
- APAC
- MEA
- South America
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Hair Wigs and Extension Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hair wigs and extension market report covers the following areas:
- Hair Wigs and Extension Market Size
- Hair Wigs and Extension Market Trends
- Hair Wigs and Extension Market Analysis
This study identifies technological advances in the production of synthetic hair wigs as one of the prime reasons driving the hair wigs and extension market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hair Wigs and Extension Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hair wigs and extension market growth during the next five years
- Estimation of the hair wigs and extension market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hair wigs and extension market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hair wigs and extension market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Human hair wigs and extension - Market size and forecast 2019-2024
- Synthetic hair wigs and extension - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aderans Co. Ltd.
- Artnature Inc.
- Donna Bella OpCo LLC
- Evergreen Products Group Ltd.
- Godrej Consumer Products Ltd.
- Great Lengths Universal Hair Extensions Srl
- Klix Hair Inc.
- Rebecca Hair Products Co. Ltd.
- Shake-N-Go Inc.
- Shandong AY Hair Products Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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