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.
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| China hairbrush market by application, 2012 - 2022 (USD Million) |
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.
Browse full
research report on Hairbrush Market: www.grandviewresearch.com/industry-analysis/hairbrush-market
Further
Key findings from the study 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the hairbrush market on the basis of
application and region:
Hairbrush
Application Outlook (Volume & Revenue, 2012 - 2022)
- Personal
- Professional
Hairbrush
Regional Outlook (Volume & Revenue, 2012 - 2022)
- U.S.
- UK
- Germany
- China
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/china-hairbrush-market
About Grand
View Research:
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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
