NEW YORK, June 27, 2022 /PRNewswire/ -- The "Hair Wigs And Extension Market by Product and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the hair wigs and extension market between 2021 and 2026 is USD 5.26 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelertating growth momentum at a CAGR of 9.82% during the projected period. Factors such as the growing technological advances in the production and design of synthetic hair wigs coupled the surging prominence of celebrity and social media influencers will propel the market growth positively. However, high labor costs associated with handwoven wigs is one of the factors hindering the hair wigs and extension market growth.
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Key Market Dynamics:
The hair wigs and extension market report is segmented by Product (Human hair wigs and extension and Synthetic hair wigs and extension) and Geographic (APAC, North America, Middle East and Africa, Europe, and South America).
The human hair wigs product segment held the largest hair wigs and extension market share during the forecast period. The growth of this segment is likely to continue significantly throughout the forecast period. The growth can be attributed to the high popularity of human hair wigs and extensions owing to their resemblance to natural hair and better product quality and longevity compared with synthetic hair wigs and extensions. Additionally, hair from donors in rural areas in these countries is in high demand as the hair obtained is of high quality and largely unexposed to harsh chemicals and colors. Such increasing demand will drive the segment growth during the forecast period.
APAC will be the leading region with 43% of the market's growth during the forecast period. Japan, China, and South Korea are the key markets for hair wigs and extension market in APAC. Market growth in this region will be slower than the growth of the market in Middle East and Africa.The growth of key end-user industries such as the healthcare and entertainment sectors will propel the hair wigs and extension market growth in APAC over the forecast period.
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Key Market Vendor Landscape
The hair wigs and extension market is fragmented and the vendors are deploying growth strategies such as new product launches and M&A to compete in the market. To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The hair wigs and extension market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Top Companies Mentioned with their Offerings
Some more companies covered in this report are:
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Hair Wigs And Extension Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 9.82%
Market growth 2022-2026
$ 5.26 billion
YoY growth (%)
APAC, North America, Middle East and Africa, Europe, and South America
Performing market contribution
APAC at 43%
Key consumer countries
US, South Africa, Japan, China, and South Korea
Leading companies, competitive strategies, consumer engagement scope
Aderans Co. Ltd., Artnature Inc., Diamond Hair Company LLC, Diva Divine Hair Extensions and Wigs, Donna Bella OpCo LLC, Evergreen Products Group Ltd., F.N. Longlocks, Great Lengths Universal Hair Extensions Srl, Hairlocs, HALOCOUTURE, India Hair International, Indique Hair LLC, Klix Hair Inc., Locks and Bonds, Papillon Hair World, Racoon International Ltd., Shandong AY Hair Products Co. Ltd., Sheen Wigs and Salon, The Gorgeous Hair, and VLCC International LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Product
5.1 Market segments
5.2 Comparison by Product
5.3 Human hair wigs and extension - Market size and forecast 2021-2026
5.4 Synthetic hair wigs and extension - Market size and forecast 2021-2026
5.5 Market opportunity by Product
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
7.4 North America - Market size and forecast 2021-2026
7.5 Middle East and Africa - Market size and forecast 2021-2026
7.6 Europe - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 Japan - Market size and forecast 2021-2026
7.10 China - Market size and forecast 2021-2026
7.11 South Africa - Market size and forecast 2021-2026
7.12 South Korea - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Aderans Co. Ltd.
10.4 Artnature Inc.
10.5 Diamond Hair Company LLC
10.6 Diva Divine Hair Extensions and Wigs
10.7 Donna Bella OpCo LLC
10.8 Evergreen Products Group Ltd.
10.9 F.N. Longlocks
10.10 Great Lengths Universal Hair Extensions Srl
10.12 India Hair International
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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