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Hair Wigs and Extension Market Size to Grow by USD 5.26 Billion from 2021-2026, Maximum Growth to Come from Japan, China, and South Korea of APAC Region

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Aug 03, 2022, 08:35 ET

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NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The HAIR WIGS AND EXTENSION MARKET is segmented by Product (human hair wigs and extension and synthetic hair wigs and extension) and Geography (APAC, North America, Middle East and Africa, Europe, and South America). The market is set to progress at a CAGR of 9.82% from 2021 to 2026, as per the latest report by Technavio. Moreover, the Y-O-Y growth rate of 2022 for the hair wigs and extension market is estimated at 9.12%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.

Technavio has announced its latest market research report titled Hair Wigs and Extension Market by Product and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Hair Wigs and Extension Market by Product and Geography - Forecast and Analysis 2022-2026

Browse summary of the research report for more additional information about the HAIR WIGS AND EXTENSION MARKET

Vendor Insights-

The hair wigs and extension market report offers information on several market vendors, including 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 among others. Moreover, the market is fragmented and the vendors are deploying growth strategies such as new product launches and M&A to compete in the market.

  • Artnature Inc. - The company offers hair wigs such as tailor-made wigs and custom-made wigs.
  • Donna Bella OpCo LLC - The company offers hair Wigs and extension products such as I-Link, Kera-Link, and Tape-In.
  • F.N. Longlocks - The company offers hair extension products such as Color 4 30 Tape In Hair Extensions, Color 6 Tape In Hair Extensions, and Color 8 Tape In Hair Extensions.

Find additional highlights on the vendors and their product offerings. REQUEST FREE SAMPLE REPORT (INCLUDING GRAPHS & TABLES) OF THIS MARKET

Segmentation Analysis by Region
  • The hair wigs and extension market is segmented by Geography (APAC, North America, Middle East and Africa, Europe, and South America). 
  • 43% of the market's growth will originate from APAC 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 facilitate the hair wigs and extension market growth in APAC over the forecast period. 

For more key highlights on the regional market share of most of the above-mentioned countries. DOWNLOAD FREE SAMPLE COPY OF THIS REPORT

Segmentation Analysis by Product
  • The hair wigs and extension market is segmented by Product (human hair wigs and extension and synthetic hair wigs and extension).
  • The hair wigs and extension market share growth in the human hair wigs and extension segment will be significant during the forecast period. Human hair wigs and extensions are highly popular owing to their resemblance to natural hair and better product quality and longevity compared with synthetic hair wigs and extensions. 
  • China and India are the major providers of raw materials for human hair wigs and extensions. While hair donors in China comprise people under lower-income brackets selling hair for money, India consists of many donors who are tonsured as part of religious practices in temples.
  • 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.

READ FREE SAMPLE COPY OF THIS REPORT Using Business Email ID to Gain Further Insights on the Market Contribution of Various Segments on Higher Priority

Hair Wigs and Extension Market Driver:
  • Technological advances in the production and design of synthetic hair wigs:
    • For instance, in January 2022, Hair Originals, a startup company in India, received funding from Shark Tank India to expand its AI-powered direct-to-consumer (D2C) platform to enable consumers to purchase quality products and make them cost-efficient.
    • The funding is deployed for an AI integration that will support AR/VR capabilities and provide a real-time trial experience. Moreover, technology is used to provide natural hair look with cost efficiency and less maintenance for hair wigs.
    • Thus, the technological growth in the production and design of synthetic hair wigs and extensions is expected to drive the growth of the global hair wigs and extension market during the forecast period.
Hair Wigs and Extension Market Challenge:
  • High labor costs associated with handwoven wigs:
    • Human hair wigs involve considerable production time and effort for the preparation of raw hair, segregation and removal of white and red hair, and cleaning and dyeing for non-black hair.
    • Synthetic lace front wigs, which are produced using lace frontals and hair bundles, are partially hand-tied and predominantly machine-made, thereby taking lesser production time compared with human hair wigs.
    • However, the production of a synthetic full lace wig takes anywhere between 40-120 working hours for completion, based on wig complexity.
    • Additionally, higher density wigs require comparatively more time due to the knotting of more hair on the lace cap. Thus, high labor costs for producing handwoven wigs are expected to restrict the market growth during the forecast period.

Find additional information about various other market Drivers & Challenges available with Technavio. VIEW FREE SAMPLE COPY OF THIS REPORT

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Browse summary of the HAIR STYLING PRODUCTS MARKET by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025: The market value is set to grow by USD 4.66 billion, progressing at a CAGR of 5.47% from 2020 to 2025, as per the latest report by Technavio. The innovation and portfolio extension leading to product premiumization is notably driving the hair styling products market growth, although factors such as the availability of counterfeit products may impede the market growth.

Browse summary of the HAIR SPRAY MARKET by Product and Geography - Forecast and Analysis 2021-2025: The market value is set to grow by USD 3.78 billion, progressing at a CAGR of 10.27% from 2020 to 2025, as per the latest report by Technavio. The hair spray market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

Hair Wigs and Extension Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.82%

Market growth 2022-2026

$ 5.26 billion

Market structure

Fragmented

YoY growth (%)

9.12

Regional analysis

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

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "CONSUMER STAPLES MARKET" Research Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Human hair wigs and extension - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Human hair wigs and extension - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Human hair wigs and extension - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Human hair wigs and extension - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Human hair wigs and extension - Year-over-year growth 2021-2026 (%)
  • 5.4 Synthetic hair wigs and extension - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Synthetic hair wigs and extension - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Synthetic hair wigs and extension - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Synthetic hair wigs and extension - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Synthetic hair wigs and extension - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.6 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Japan - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.10 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.11 South Africa - Market size and forecast 2021-2026
    • Exhibit 74: Chart on South Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on South Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on South Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on South Africa - Year-over-year growth 2021-2026 (%)
  • 7.12 South Korea - Market size and forecast 2021-2026
    • Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Aderans Co. Ltd.
    • Exhibit 89: Aderans Co. Ltd. - Overview
    • Exhibit 90: Aderans Co. Ltd. - Product / Service
    • Exhibit 91: Aderans Co. Ltd. - Key offerings
  • 10.4 Artnature Inc.
    • Exhibit 92: Artnature Inc. - Overview
    • Exhibit 93: Artnature Inc. - Business segments
    • Exhibit 94: Artnature Inc. - Key offerings
    • Exhibit 95: Artnature Inc. - Segment focus
  • 10.5 Diamond Hair Company LLC
    • Exhibit 96: Diamond Hair Company LLC - Overview
    • Exhibit 97: Diamond Hair Company LLC - Product / Service
    • Exhibit 98: Diamond Hair Company LLC - Key offerings
  • 10.6 Diva Divine Hair Extensions and Wigs
    • Exhibit 99: Diva Divine Hair Extensions and Wigs - Overview
    • Exhibit 100: Diva Divine Hair Extensions and Wigs - Product / Service
    • Exhibit 101: Diva Divine Hair Extensions and Wigs - Key offerings
  • 10.7 Donna Bella OpCo LLC
    • Exhibit 102: Donna Bella OpCo LLC - Overview
    • Exhibit 103: Donna Bella OpCo LLC - Product / Service
    • Exhibit 104: Donna Bella OpCo LLC - Key offerings
  • 10.8 Evergreen Products Group Ltd.
    • Exhibit 105: Evergreen Products Group Ltd. - Overview
    • Exhibit 106: Evergreen Products Group Ltd. - Business segments
    • Exhibit 107: Evergreen Products Group Ltd. - Key offerings
    • Exhibit 108: Evergreen Products Group Ltd. - Segment focus
  • 10.9 F.N. Longlocks
    • Exhibit 109: F.N. Longlocks - Overview
    • Exhibit 110: F.N. Longlocks - Product / Service
    • Exhibit 111: F.N. Longlocks - Key offerings
  • 10.10 Great Lengths Universal Hair Extensions Srl
    • Exhibit 112: Great Lengths Universal Hair Extensions Srl - Overview
    • Exhibit 113: Great Lengths Universal Hair Extensions Srl - Product / Service
    • Exhibit 114: Great Lengths Universal Hair Extensions Srl - Key offerings
  • 10.11 Hairlocs
    • Exhibit 115: Hairlocs - Overview
    • Exhibit 116: Hairlocs - Product / Service
    • Exhibit 117: Hairlocs - Key offerings
  • 10.12 India Hair International
    • Exhibit 118: India Hair International - Overview
    • Exhibit 119: India Hair International - Product / Service
    • Exhibit 120: India Hair International - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 121: Inclusions checklist
    • Exhibit 122: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 123: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 124: Research methodology
    • Exhibit 125: Validation techniques employed for market sizing
    • Exhibit 126: Information sources
  • 11.5 List of abbreviations
    • Exhibit 127: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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