The UK hairbrush market is expected to reach USD 679.2
million by 2022, according to a new study by Grand View Research, Inc.
The hairbrush market is projected
to be driven by the increase in population combined with rise in disposable
income. The rise in disposable income has allowed people to spend on hair care
and hairbrushes, more so than before. The consumer confidence and per capita
disposable income will keep on rising as the unemployment rate continues to
decline, offering consumers more discretionary income for hair care and hairbrushes.
The hairbrush market is also
expected to be driven by the increase in the number of salons. Rise in the
number of working women along with continuing interest in personal appearance
is expected to increase the demand for salons. Growing demand for anti-aging
treatments along with increasing spending on lifestyle needs are some of the
factors furthering this trend. Increasing awareness of grooming among men
combined with availability of globally trusted product brands are a few other
factors leading to the increase in the number of salons.
The presence of a large number of
local manufacturers may restrain market growth over the next seven years. A
considerable number of consumers are unaware of the benefits of using the right
product, and purchase these items through the unorganized sector. This impacts
profitability of key manufacturers, since local products are readily available
at lower costs.
China hairbrush market by
application, 2012 - 2022 (USD Million)
Browse full research report on
Hairbrush Market
Further key findings from the
report suggest:
- Hairbrushes
are available in various designs serving different functions such as
cushion, paddle, round, vented, and wet. They are primarily used by
individuals and professionals for hair styling. Professional hair brush
has high growth but has low penetration. Improvement in macroeconomic condition
will lead to increase in number of salons and may also drive salon
revenue, which is expected to drive professional brushes demand.
- Regional
demographic trends are expected to majorly impact the overall revenue
growth. The number of households in china has increased from 160 million
in 2002 to 260 million in 2012, and around 70% of these households
represent the middle class population. The number of UK manufacturers
expanding and entering the Chinese market is growing leading to the rapid
economic growth and urbanization. Due to the presence of wide number of
products available from other countries is contributing to the increase in
the spending power of the population in the country.
- Key players
in the hairbrush market include AirMotion Pro, Conair, Braun, Babyliss,
Crave Naturals, Denman, Hershesons, Kent, Mason Pearson, Tangle Teezer and
Wet Brush. Distribution being a critical component for success, Conair
collaborated with Capgemini to be Global Data Synchronization (GDS)
complaint. The GDS technology is electronic synchronization of price,
product, trading party data, which acts as a common platform for the
global supply chain. GDS facilitates collaboration between manufacturers
and retailers through the adoption of global trading standards. In March
2014, Denman announced the acquisition of U.S. based Bobby Company to add
to its market share in the professional hairdressing sector.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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