
North America Hair Extensions Market
No. of Pages: 65 | Report Code: BMIRE00029120 | Category: Consumer Goods
No. of Pages: 65 | Report Code: BMIRE00029120 | Category: Consumer Goods
The North America hair extensions market was valued at US$ 1,390.58 million in 2023 and is expected to reach US$ 2,019.55 million by 2031; it is estimated to register a CAGR of 4.8% from 2023 to 2031.
Rising Adoption of Self-Grooming Products Fuels North America Hair Extensions Market
Improvement in quality of life, positive effects of personal care on self-esteem and social interaction, and gradual consumer shift toward luxury and premium self-grooming products, as well as rising incidence of hair fall, are a few factors propelling the growth of North America hair extensions market.
North America is significant market for the styling industry, accounting for more than 60% of the cosmetics market combined. Hair care products are gaining huge traction among consumers amid the increasing prevalence of hair thinning, dryness, loss of volume, and other hair-related concerns.
The increasing disposable income across various economic classes worldwide propelling the demand for personal and haircare products, particularly hair extension products. Millions are concerned about hair care which is accelerating the hair extension market. Women, in particular, invest more in haircare solutions due to their greater emphasis on hair appearance. Hence, the increasing expenditure and adoption of self-grooming products among the global populace drives the North America hair extensions market.
Rapid economic growth supported by the rise in disposable income of consumers is propelling the production and application of hair extensions in the US. The factors such as the accelerated pace of urbanization, rising hair fall, and growth in fashion trends bolster the hair extensions industry. For consumers in the US, hair goods such as hair extensions offer functional solutions for their short natural hair and an indispensable fashion accessory that changes their styles and looks quickly and easily. Further, the trade of such products has risen considerably, which is also expected to support market growth in the US. Additionally, the rising inclination of customers to spend on premium-priced products to cater to the heightened attention on their appearance is driving the US hair extensions market.
Strategic insights for the North America Hair Extensions provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Hair Extensions refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Hair Extensions Strategic Insights
North America Hair Extensions Report Scope
Report Attribute
Details
Market size in 2023
US$ 1,390.58 Million
Market Size by 2031
US$ 2,019.55 Million
Global CAGR (2023 - 2031)
4.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Product Type
By Source
By Distribution Channel
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Hair Extensions Regional Insights
The North America hair extensions market is categorized into product type, source, distribution channel, and country.
By product type, the North America hair extensions market is segmented into tape-in, fusion and pre-bonded, clip-in, weft, and others. The clip-in segment held the largest share of the North America hair extensions market share in 2023.
In terms of source, the North America hair extensions market is segmented into human hair and synthetic hair. The synthetic hair segment held a larger share of the North America hair extensions market share in 2023.
In terms of distribution channel, the North America hair extensions market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest share of the North America hair extensions market share in 2023.
Based on country, the North America hair extensions market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America hair extensions market in 2023.
Cinderellahair Inc, Easihair Pro, Evergreen Products Group Ltd, Great Lengths SpA, Hairlocs Inc, Klix Hair Inc, Locks & Bonds, and Socap USA Inc are some of the leading companies operating in the North America hair extensions market.
The North America Hair Extensions Market is valued at US$ 1,390.58 Million in 2023, it is projected to reach US$ 2,019.55 Million by 2031.
As per our report North America Hair Extensions Market, the market size is valued at US$ 1,390.58 Million in 2023, projecting it to reach US$ 2,019.55 Million by 2031. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America Hair Extensions Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Hair Extensions Market report:
The North America Hair Extensions Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Hair Extensions Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Hair Extensions Market value chain can benefit from the information contained in a comprehensive market report.