The global DIY haircut kits market sales are currently valued at around US$ 6.9 Bn and are anticipated to reach a market valuation of US$ 8.8 Bn by the end of 2029. This is because, as per FMI, the global DIY haircut kits market is predicted to expan
The global DIY haircut kits market sales are currently valued at around US$ 6.9 Bn and are anticipated to reach a market valuation of US$ 8.8 Bn by the end of 2029. This is because, as per FMI, the global DIY haircut kits market is predicted to expand at a CAGR of 2.9% over the 2017 to 2029 assessment period.
DIY haircut kits currently account for 20%-25% share of the global hair styling tools market. Growing number of salons and rising popularity of self-haircuts and hairdos are both contributing to the rise of the DIY haircut kits market across the world.
Key Takeaways of the Global DIY Haircut Kits Market Study
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Covid-19 Impact & 2020 DIY Haircut Kits Market Analysis
Covid-19 outbreak, which started in China, is rapidly spreading all over the world and has an adverse impact on the sales of DIY haircut kits. Apart from essential products and services, businesses are temporarily closed. Additionally, most of the countries are in lockdown situation which restricts all physical store sales. However, China which has started recovering from Covid-19 crisis has seen a strong growth in online sales for DIY haircut kits such as clipper and trimmers for home and personal usage.
Ongoing pandemic has disrupted the supply chain of DIY haircut kits, hence lower sales can be observed in Q1-Q2, 2020. However, Q3 is expected to show positive sign of recovery of the market. At present, manufacturers are focusing on offering products specific for male consumers and capitalizing on the kids segment which is expected to be the most lucrative segment.
DIY Haircut Kits for Kids Trending Over Men & Women Products
DIY haircut kits for kids are trending at present all over the online platforms. The most preferred DIY haircut kits for kids are the baby hair trimmer and rechargeable electric hair clipper.
The kids are more reluctant to haircut in hair salons; hence parents are now considering its alternative solution – a baby haircut kit for at-home use. Manufacturer’s innovative product launch also pushes the kids segment for higher sales. Moreover, these manufacturers are offering waterproof hair styling haircut kit device with long battery hours, environment-friendly USB hub, and accessories kit with innovative baby packaging.
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Who is winning?
Some of the key players operating in the DIY haircut kits market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands, Inc. , Remington), Procter & Gamble (Braun GmbH), Panasonic Corporation, Conair Corporation, Andis Company, VEGA, Sunbeam Products, Inc., Riwa, Havells India Ltd., FLYCO, Xiaomi, Zed Lifestyle Pvt. Ltd, and Oster Professional.
Several leading companies are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of DIY Haircut Kits.
Get Valuable Insights into DIY Haircut Kits Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global DIY haircut kits market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030.
The DIY haircut kits study reveals compelling insights on the DIY haircut kits market on the basis of product (clipper & trimmer kit, scissors set), end user(salon/professional, personal/home-care), price range (high/premium, mid-range/economy) and sales channel (modern trade, departmental stores, speciality stores, franchise outlet, online stores and other) across all regions.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 12, 2022