Hair Wigs and Extensions Market Size

Hair Wigs and Extensions Market size was valued at USD 6.5 Billion in 2023 and is poised to exceed USD 13.5 Billion by the end of 2036, registering over 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hair wigs and extensions is estimated at USD 6.82 Billion.

These days, wigs play a significant role in boosting self-esteem and improving appearance, allowing for amazing changes. A wave of wig-related material has been sparked by the rise of social media platforms like Instagram and TikTok, where famous hairstylists are sharing their styling secrets. As per the data quoted in “Social Media Use and Mental Health: A Global Analysis’ by National Library of Medicine; Facebook reported 2.5 billion monthly active users as of December 2019, Twitter reported 330 million monthly active users as of January 2020, while Instagram reported over 1 billion monthly active users globally as of January 2020.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of hair wigs and extensions was over USD 6.5 billion.

The market size for hair wigs and extensions is projected to cross USD 13.5 billion by the end of 2036 expanding at a CAGR of 5.8% during the forecast period i.e., between 2024-2036.

The major players in the market are HairOriginals, Aleriana Wigs, Diva Divine Hair Extensions and Wigs, FNLOnglocks Hair Extensions, Shake-N-Go Inc, Locks & Bonds, KLIX HAIR, INC, Godrej Consumer Products Limited, Indique Hair, and others.

The wigs segment is anticipated to garner a share of 60% during 2024-2036.

The North America hair wigs extension sector is poised to hold 40% share by the end of 2036.

Hair Wigs and Extensions Market Size