Global Hair Wigs and Extension Market to Generate Revenues of $10 Billion During 2018-2023 - Market Research by Arizton

CHICAGO, Feb. 6, 2019 /PRNewswire/ -- The latest research report by Arizton states that, the global hair wigs and extension market is estimated to reach revenues of more than $10 billion by 2023, growing at a CAGR of approximately 9% during 2017-2023.

Key highlights offered in the report:

• High-end human-hair extensions and ultra-high-quality synthetic wigs gains popularity in the global market.
• Versatility in styling, texture, and luster of hair extensions drives the global hair wigs and extension market.
• Extensions segment dominated the largest market share in 2017.
• Consumers within the 35 to 44 age bracket account for 28% of revenues in the global hair wigs and extension market.
• North America is the fastest growing market, at a CAGR of over 12% by 2023, driven by the demand for natural hair wigs in the region.
• China, India, Myanmar, and Bangladesh are the biggest exporter of processed and treated hair and the US is largest importer.

Key Offerings:

• Market Size & Forecast by Revenue | 2018-2023
• Market Growth Enablers – List of drivers, trends, restraints, and investment opportunities
• Market Segmentation - Detailed analysis of hair wigs and extensions, material, and geography.
• Competitive landscape – 17 prominent vendors are profiled in the report.

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Hair Wigs and Extension Market - Dynamics

The surge in middle-class median income, their expenditure trend, shopping mode, and demand for premium hair brands will contribute to the extensive retail sales in the global market. Various established businesses and startups are investing in setting up manufacturing plants, augmenting the development of the global hair wigs and extension market.

• Increased Income Raising Demand for Beauty Accessories and Lifestyle Improvements
• Social Media, Halloween, and Theme Parties
• High Demand from African Native and African Descent Consumers

Hair Wigs and Extension Market - Segmentation

This market research report includes a detailed segmentation of the market by type, material, and geography.

• Extensions segment dominated the largest market share in 2017.
• Human hair is the fastest growing segment in the market, at a CAGR of around 9% by 2023.

-  Market Segmentation by Type

- Wigs

   -  Based on End-Use

• Leisure
• Beautification
• Functional

      -  Based on Cap Type

• Lace
• Monofilament

      - Based on Hair Type

• Human Hair
• Synthetic Hair

- Extensions

       - Based on End-Use

• Lengthening and Volumizing
• Coloring
• Styling

      -  Based on Fitting Type

• Clip-In
• Micro Link
• Tape-In
• Glue-In

      -  Based on Hair Type

• Human Hair
• Synthetic Hair

-  Market Segmentation by Material

• Human Hair

            - Source Point

• Synthetic Hair

Hair Wigs and Extension Market - Geography

The global hair wigs and extension market by geography is segmented into North America, Europe, APAC, and ROW. The growing number of social media users on platforms such as Facebook, Instagram, and Snapchat will help boost the demand and revenues in the North American market.

Market Size & Forecast | 2017-2023

• Revenues
• Wig & Extension Type
• Human & Synthetic Hair
• Top Countries

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-  Market Segmentation by Geography

• North America
• Europe
• APAC
• ROW

- Key countries profiled in the report are:

• US
• Canada
• UK
• China
• India

Major vendors in the global market are:

• Godrej
• Great Lengths
• Evergreen Products Group Limited

Other prominent vendors include Indique, India Hair International (IHI), Indo Hair, FN LONGLOCKS, Diamond Hair Company, Charm Hair, AY Hair Products, Diva Divine India, Aderans, Artnature, Hair Zone, Inc., Shake-n-Go (SNG) Fashion, Rebecca, and Anhui Jinruixiang Hair Product Co. Ltd.

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SOURCE Arizton Advisory & Intelligence