The personal care devices market is expected to grow at
LONDON, Oct. 13, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s Personal Care Devices Market research report, the increase in e-commerce industry is expected to propel the growth of the personal care devices market. personal care in the future. The e-commerce industry refers to the transactions of selling products online. E-commerce makes it easier to promote and sell products to customers. For example, according to India Brand Equity Foundation, a government promotion agency, the e-commerce market in India reached $52.57 billion and $67-84 billion respectively in 2020 and 2021 and is expected to reach $350 billion in 2020. by 2030. Hence, the positive outlook for the e-commerce industry is driving the growth of the personal care devices market.
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The size of the global personal care devices market is expected to grow from $18.22 billion in 2021 to $19.31 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The global personal care devices market share is expected to reach $24.32 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%.
Technological advancement is a key trend that is gaining popularity in the personal care device market. Companies emphasize on launching new technologically advanced products to capture a large market share. For example, in January 2021, Panasonic, a Japanese conglomerate operating in personal care appliances, launched a new hair dryer (EH-NA67-W) for all ages and genders. The all-new EH-NA67-W uses patented nanotechnology to reduce hair damage caused by daily brushing. Additionally, in August 2020, Philips, a Dutch conglomerate operating in personal grooming appliances, introduced an all-new 3000 series of hair clippers in the men’s grooming category, designed with advanced Dual Cut and Trim & Flow technology. . The new Philips hair clipper offers maximum precision, making it easy to achieve a salon-worthy haircut at home.
The major players in the personal care devices market are Koninklijke Philips NV, Conair Corporation, Dyson Ltd., Havells India Ltd., Helen of Troy Limited, Panasonic Corporation, Spectrum Brands Holdings Inc., The Procter & Gamble Company, The Wahl Clipper Corporation, Vega Industries Private Limited, Yongkang Xinji Hairdressing Appliance Factory, Braun GmbH, Norelco Consumer Products Company and Johnson & Johnson.
The global personal care devices market analysis is segmented by Product into Hair Care, Hair Removal, Oral Care, Other Products; by distribution channel online, offline; per end use in female, male.
North America was the greater region in the personal care devices market in 2021. Asia Pacific should be the fastest growing region in the global personal care devices market over the forecast period. Regions covered in the Personal Care Devices market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Global Personal Care Devices Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provide insights into the Personal Care Devices market, Analyze and forecast market size and growth for the overall Personal Care Devices market, segments and geographies, Personal Care Devices market trends, Personal Care Devices market drivers, Personal Care Devices market restraints personal care devices, revenue, profiles and market shares of the main personal care devices market competitors in more than 1000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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