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Impact of COVID-19
This pandemic-focused report highlights the impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020. Technavio analysts have curated the reports extensively through both qualitative and quantitative research methodologies to attain some of the most crucial, path-breaking, industry-relevant, and business-relevant outcomes.
Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
Human hair wigs and extension contributed 71.00% to the overall market in 2019, thus becoming the leading product segment of the market.
- What is the key driver influencing the market?
Technological advances in the production and design of synthetic hair wigs is notably driving the market.
- What is the expected incremental growth during 2020-2024?
The market is anticipated to grow by USD 2.42 billion during the forecast period.
- What will be the anticipated YOY growth rate for 2020?
The YOY growth rate for 2020 is estimated at 5.12%.
- How big is the APAC market?
APAC accounted for 43% of the incremental growth during the forecast period, with Japan and China emerging as the key contributing economies.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. In addition, the growing demand for hair goods as fashion accessories and the rising demand for premium human hair goods will offer immense growth opportunities. However, the growing threat from hair transplant surgeries and high labor costs for handwoven wigs are likely to pose a challenge for the market vendors.
In a bid to help players strengthen their market foothold, this hair wigs and extension market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. Great Lengths Universal Hair Extensions Srl, Klix Hair Inc., Rebecca Hair Products Co. Ltd., Shake-N-Go Inc., and Shandong AY Hair Products Co. Ltd. are some of the other major market participants.
Hair Wigs and Extension Market 2020-2024: Segmentation
Hair Wigs and Extension Market is segmented as below:
- Product
- Human Hair Wigs And Extension
- Synthetic Hair Wigs And Extension
- Geography
- APAC
- North America
- MEA
- Europe
- South America
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
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Hair Wigs and Extension Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hair wigs and extension market report covers the following areas:
- Hair Wigs and Extension Market Size
- Hair Wigs and Extension Market Trends
- Hair Wigs and Extension Market Industry Analysis
This study identifies the growing prominence of celebrity and social media influencers, growing emphasis on omnichannel retail, and a considerable shift in the production landscape as some of the prominent trends anticipated to boost the hair wigs and extension market growth positively during the next few years.
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Hair Wigs and Extension Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hair wigs and extension market growth during the next five years
- Estimation of the hair wigs and extension market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hair wigs and extension market across APAC, North America, MEA, Europe, and South America
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hair wigs and extension market vendors
Table of Contents:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Market characteristics
Exhibit 02: Market characteristics
2.3 Value chain analysis
2.3.1 Inputs
2.3.2 Inbound logistics
2.3.3 Operations
2.3.4 Outbound logistics
2.3.5 Marketing and sales
2.3.6 Support activities
2.3.7 Innovation
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 - 2024
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2019 & 2024
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
Market condition - Five forces 2020
5. Market Segmentation by Product
Human hair wigs and extension contributed 71.00% to the overall market in 2019 and would decrease its contribution to 70.66% of the global hair wigs and extension market in 2024.
Buy the hair wigs and extension market forecast report for exhaustive analytical data on the segmentations.
5.1 Market segments
Exhibit 16: Product - Market share 2019-2024 (%)
5.2 Comparison by Product
Exhibit 17: Comparison by Product
5.3 Human hair wigs and extension - Market size and forecast 2019-2024
Exhibit 18: Human hair wigs and extension - Market size and forecast 2019-2024 ($ million)
Exhibit 19: Human hair wigs and extension - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 20: Human hair wigs and extension - Year-over-year growth 2019-2024 (%)
5.4 Synthetic hair wigs and extension - Market size and forecast 2019-2024
Exhibit 21: Synthetic hair wigs and extension - Market size and forecast 2019-2024 ($ million)
Exhibit 22: Synthetic hair wigs and extension - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 23: Synthetic hair wigs and extension - Year-over-year growth 2019-2024 (%)
5.5 Market opportunity by Product
Exhibit 24: Market opportunity by Product
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 25: Customer landscape
Customer landscape analysis
7. Geographic Landscape
APAC contributed 43% to the overall market in 2019 and would decrease its contribution to 43% of the global hair wigs and extension market in 2024.
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7.1 Geographic segmentation
Exhibit 26: Market share by geography 2019-2024 (%)
7.2 Geographic comparison
Exhibit 27: Geographic comparison
7.3 APAC - Market size and forecast 2019-2024
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ million)
Exhibit 29: APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 30: APAC - Year-over-year growth 2019-2024 (%)
7.4 North America - Market size and forecast 2019-2024
Exhibit 31: North America - Market size and forecast 2019-2024 ($ million)
Exhibit 32: North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 33: North America - Year-over-year growth 2019-2024 (%)
7.5 MEA - Market size and forecast 2019-2024
Exhibit 34: MEA - Market size and forecast 2019-2024 ($ million)
Exhibit 35: MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 36: MEA - Year-over-year growth 2019-2024 (%)
7.6 Europe - Market size and forecast 2019-2024
Exhibit 37: Europe - Market size and forecast 2019-2024 ($ million)
Exhibit 38: Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 39: Europe - Year-over-year growth 2019-2024 (%)
7.7 South America - Market size and forecast 2019-2024
Exhibit 40: South America - Market size and forecast 2019-2024 ($ million)
Exhibit 41: South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 42: South America - Year-over-year growth 2019-2024 (%)
7.8 Key leading countries
Exhibit 43: Key leading countries
7.9 Market opportunity by geography
Exhibit 44: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Technological advances in production and design of synthetic hair wigs
8.1.2 Growing demand for hair goods as fashion accessories
8.1.3 Rising demand for premium human hair goods
8.2 Market challenges
8.2.1 High labor costs for handwoven wigs
8.2.2 Growing threat from hair transplant surgeries
8.2.3 High entry barriers for new market entrants
8.3 Market trends
8.3.1 Growing prominence of celebrity and social media influencers
8.3.2 Growing emphasis on omnichannel retail
8.3.3 Shift in production landscape
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
Analysis of Criticality of inputs and Factors of differentiation
Competitive scenario
9.4 Landscape disruption
Technavio's Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption
Industry risks
10. Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Aderans Co. Ltd.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.4 Artnature Inc.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.5 Donna Bella OpCo LLC
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.6 Evergreen Products Group Ltd.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.7 Godrej Consumer Products Ltd.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.8 Great Lengths Universal Hair Extensions Srl
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.9 Klix Hair Inc.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.10 Rebecca Hair Products Co. Ltd.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.11 Shake-N-Go Inc.
- Overview
- Business Segments
- Key Offering
- Segment Focus
10.12 Shandong AY Hair Products Co. Ltd.
- Overview
- Business Segments
- Key Offering
- Segment Focus
11. Appendix
11.1Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and Caveats
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
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