Global Hair Wigs and Extension Market, By Product (Wigs, Extensions, Toupee), Hair Type (Human Hair, Synthetic, Hair Wigs), Fitting Type (Clip-in, Micro Link, Tape-in, Glue-in), Cap Type (Monofilament and Lace), End User (Individual Consumers, Entertainment and Fashion Industry), Distribution Channel (Offline Stores and Online Stores)-Industry Trends and Forecast to 2029.
Market Analysis and Size
Hair loss can result in complete or partial baldness as a result of various medical disorders and hormones, leaving people self-conscious about their appearance. As a result, the demand for hair implants has risen dramatically. Animal hair, human hair, synthetic fibre, futura, virgin hair, or a combination of these materials are used to make hair alterations. Jute fibres were used to make imitating hair for theatrical wigs in the early 1990s, but as trends changed, the raw material varieties also expanded: animal hair, human hair, synthetic fibre, futura, virgin hair, or a blend of these materials.
Data Bridge Market Research analyses that the hair wigs and extension market was valued at USD 2,800 million in 2021 and is further estimated to reach USD 3744.45 by 2029 is expected to grow at a CAGR of 3.7% and at a during the forecast period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Wigs, Extensions, Toupee), Hair Type (Human Hair, Synthetic, Hair Wigs), Fitting Type (Clip-in, Micro Link, Tape-in, Glue-in), Cap Type (Monofilament and Lace), End User (Individual Consumers, Entertainment and Fashion Industry), Distribution Channel (Offline Stores and Online Stores)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America
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Market Players Covered
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Godrej Consumer Products Limited (India), Evergreen Products Group Limited (China), Aderans Co,Ltd (Japan), ARTNATURE INC (Japan), Donna Bella Hair Extensions (US), Aleriana Wigs (Argentina), Diamond Hair Company (US), INDIQUE (US), FN LOnglocks (US), Klix Hair Inc (US), Shake-N-Go Inc (US), Locks & Bonds (US), KLIX HAIR, INC (US), Hairlocs (US), easihair pro (US)
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Market Opportunities
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Market Definition
Artificial hair integrations include hair wigs, hair extensions, and hair weaves. Hair wigs are available in the form of a cap and are used to cover the entire head to change the hairstyle and conceal baldness.
Hair Wigs and Extension Market Dynamics
Drivers
- Technological developments in the production and design of synthetic hair wigs
Technological advancements in the production and design of synthetic hair wigs are one of the primary drivers driving growth in the hair wigs and extension market. In terms of looks and design, synthetic hair wigs and extensions have come a long way.
- Rise in the prominence of celebrity and social media influencers
Another key element driving the growth of the hair wigs and extension industry is the increasing importance of celebrities and social media influencers. The expanding popularity of digital media as a significant communication and marketing channel for vendors in the global hair wigs and extension industry has been aided by the rapid global adoption of Internet-enabled smartphones.
- Increase in the incidence of Hair Diseases
Hair extensions are mostly used to conceal hair breakage. As a result of the increased occurrence of hair loss, alopecia, casts, and other conditions, the market for hair wigs and extensions is predicted to grow.
Opportunities
In addition, the increase in the capita disposable incomes is further estimated to provide potential opportunities for the growth of the hair wigs and extension market in the coming years.
Restraints/Challenges
On the other hand, the increased competition and the stiffness of the product is further projected to impede the growth of the hair wigs and extension market in the targeted period. However, the availability of raw material and the growing use and maintenance of hair extensions which might further challenge the growth of the hair wigs and extension market in the near future.
This hair wigs and extension market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hair wigs and extension market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hair Wigs and Extension Market
The pandemic of COVID-19 has had a huge impact on the hair wigs and extension market. The hair wigs and extension sector has been harmed by the COVID-19 pandemic's lockdown scenario. Sales and revenue were all down, as were raw materials, distribution routes, and export and import. The hair integration industry had a very limited supply of raw materials. Retail outlets and distribution channels had been shut down. However, in the post-COVID scenario, hair wigs and extension market is further projected to be significantly impacted.
Recent Development
- In October 2019, to develop its business in England, the Westrow Chain announced a cooperation with Great Lengths, a well-known product brand owned by GREAT LENGTHS UNIVERSAL HAIR EXTENSIONS S.p.A., a Yorkshire-based hairdressing salon group.
Global Hair Wigs and Extension Market Scope and Market Size
The hair wigs and extension market is segmented on the basis of product, hair type, fitting type, cap type, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Wigs
- Extensions
- Toupee
On the basis of product, the hair wigs and extension market is segmented into wigs, extensions, toupee.
Hair Type
- Human Hair
- Synthetic
- Hair Wigs
On the basis of hair type, the hair wigs and extension market is segmented into human hair, synthetic, hair wigs.
Fitting Type
- Clip-in
- Micro Link
- Tape-in
- Glue-in
On the basis of fitting type, the hair wigs and extension market is segmented into clip-in, micro link, tape-in, glue-in.
Cap Type
- Monofilament
- Lace
On the basis of cap type, the hair wigs and extension market is segmented into monofilament and lace.
End User
- Individual Consumers
- Entertainment
- Fashion Industry
On the basis of end user, the hair wigs and extension market is segmented into individual consumers, entertainment and fashion industry.
Distribution Channel
- Offline Stores
- Online Stores
On the basis of distribution channel, the hair wigs and extension market is segmented into offline stores and online stores.
Hair Wigs and Extension Market Regional Analysis/Insights
The hair wigs and extension market is analysed and market size insights and trends are provided by country, product, hair type, fitting type, cap type, end user and distribution channel as referenced above.
The countries covered in the hair wigs and extension market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
Asia-Pacific dominates the hair wigs and extension market due to the hair loss or damage issues. Furthermore, the increase in the number of working women population and rising expenses on grooming products will further boost the growth of the hair wigs and extension market in the region during the forecast period.
North America is projected to observe significant amount of growth in the hair wigs and extension market due to the rise in the number of beauty salons. Moreover, the shift in the women consumers' trends towards premium quality products is further anticipated to propel the growth of the hair wigs and extension market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hair Wigs and Extension Market Share Analysis
The hair wigs and extension market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hair wigs and extension market.
Some of the major players operating in the hair wigs and extension market are:
- Godrej Consumer Products Limited (India)
- Evergreen Products Group Limited (China)
- Aderans Co,Ltd (Japan)
- ARTNATURE INC (Japan)
- Donna Bella Hair Extensions (US)
- Aleriana Wigs (Argentina)
- Diamond Hair Company (US)
- INDIQUE (US)
- FN LOnglocks (US)
- Klix Hair Inc (US)
- Shake-N-Go Inc (US)
- Locks & Bonds (US)
- KLIX HAIR, INC (US)
- Hairlocs (US)
- easihair pro (US)
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