Hair Dryer Market by Product Globalt
Hair Dryer Market by Product – Global Opportunities
& Forecast, 2021-2028
Global
Hair Dryer Market
The global Hair Dryer Market
is projected to grow at a rate of 5.1% over the forecast period. The
accelerating number of professional saloons and the rising recognition of
personal grooming has propelled the market growth.
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Hair
Dryer Market Dynamics
The acceleration in the per capita income and rapidly
growing urban population has drifted consumers towards the western lifestyle,
which is one of the foremost forces stimulating the growth of the global hair dryer
market. Also, the hectic lifestyle of individuals guided by the mounting
working population has bolstered the market growth. The intensified investment
by the saloon chains to expand their customer base in the emerging nations has
strengthened the market growth. Besides this, the proliferation of e-commerce
platforms and convenient accessibility of a wide variety of hair dryers will
compel market growth. Social media platforms such as Facebook, YouTube, and
Instagram have served a major role in the market. The increasing emphasis on
technological innovation to certify healthy hair that can impede hair damage
has encouraged market growth. The mounting number of professional salons and
the growing inclination towards personal grooming will serve as the market's
driving forces. However, the presence of substitute items in nations such as
India and China will restrain the market growth.
Distribution
Channel Segment Drivers
Based on the Distribution Channel, the online channel
segment is anticipated to encounter a faster rate over the forecast period.
This is because of the accelerating perforation of e-commerce platforms such as
Flipkart, Amazon, and Walmart. In addition, the increasing inclination towards
procuring home electronics devices via online channels guided by the busy
lifestyle of consumers will strengthen the market growth. Several leading
players have introduced their products on online platforms to captivate
individuals towards this channel.
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