Personal Care Appliances Market size is poised to exceed USD 39.62 Billion by the end of 2036, registering over 10.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2023, the industry size of personal care appliances is assessed at USD 33.47 Billion.
The personal care appliances market is expanding due to the surge in smart devices like tablets and smartphones and e-commerce, as well as advantages like simple payment methods and rebates. Retail e-commerce sales are expected to surpass USD 6.3 trillion USD globally in 2024, and these numbers are predicted to rise even further in the years to come.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
10.4% |
Base Year Market Size (2023) |
USD 33.47 Billion |
Forecast Year Market Size (2036) |
USD 39.62 Billion |
Regional Scope |
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Product Type (Shaving & Hair Removal Appliances, Oral Care Appliances, Hair Styling Appliances, Skin Care Appliances, Massage & Relaxation Appliances)
Hair styling appliances segment is estimated to account for more than 34% personal care appliances market share by the end of 2036. The segment growth rate can be estimated to the growing consumer emphasis on personal expression, appearance, and grooming is driving this trend. The hair styling appliances category includes a wide range of items, such as curling irons, hairdryers, straighteners, and multipurpose styling equipment. The success of these gadgets can be poised to technological advancements like temperature control, ceramic coatings, and ergonomic designs.
The hair styling appliances market has grown to be a focus for producers as consumers look for salon-quality results at home, spurring rivalry and product innovation. The growing popularity of styling goods is fueled by the need for flexible style alternatives as well as the impact of social media trends. This has made styling products a significant player in the changing personal care appliances market. A recent survey that was carried out in Japan in 2020, 38.4% respondents were using hair dryer or hot air brush once in a day.
Power Supply (Battery Operated, Electric)
By 2036, electric segment is set to dominate over 56% personal care appliances market share. This landscape category mostly consists of a variety of electric-powered items, such as hair care tools, face appliances, oral hygiene appliances, and men's grooming tools. In India, hair dryers are on their way to attaining revenue of USD 1 Billion in 2024. The rise in popularity of the electric-powered category can be attributed to the rapid advancements in technology that are revolutionizing the personal care product market.
This period of unprecedented invention is closely associated with the growing trend of personal care electrical appliance demand, which is especially sharp among men. Notably, a number of well-known industry participants have wisely expanded the range of products they offer in response to these changing conditions. This development has been highlighted by the release of new versions of personal care appliances that run on electricity.
Our in-depth analysis of the personal care appliances market includes the following segments:
Product Type |
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Category |
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Power Supply |
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APAC Market Statistics
Asia Pacific in personal care appliances market is likely to capture over 34% revenue share by 2036. The market growth in the region is also expected on account of the number of variables such as the rapidly increasing number of young people, growing disposable incomes, and rapid urbanization.
The fast expansion of social media usage, especially in India, and increased brand awareness are contributing to the region's dynamic growth. For instance, data indicates that as of early 2023, 398.0 million users in India were 18 years of age or older, accounting for 40.2% of the nation's total population. The industry dynamics are being significantly influenced by the entry of multiple new manufacturers from China, India, and Japan, which is changing the scene.
South Korea exhibits high-compounding growth rates for the personal care appliances market. The surge is seen because of the high demand of a wide range of products and passion for beauty and personal care. The development of products in the category of hair care and skin care goes much farther than just being another wonder of beauty but also adding improvised care for your hair and skin. Reports suggest, that in South Korea, 57.6% of one thousand respondents stated that the high costs of dermatological clinics and spas influenced their decision to opt for home beauty appliances rather than visit a dermatological clinic to receive skin care treatment.
North American Market Analysis
The North America region will also witness tremendous growth for the personal care appliances market during the forecast period and will hold the second position owing to the high consumer awareness, significant spending power, and a cultural emphasis on personal grooming and well-being.
The rapid acceptance of improved personal care appliances can be credited to the active uptake of technical breakthroughs by North American consumers. Also, the existing online retail infrastructure in the region makes a wide variety of personal care equipment more easily accessible to consumers.
The US is the leading personal care appliances market in North America which is exhibiting a great potential of revenue in the personal care appliances industry. The US generated the highest retail sales value of 24 billion U.S. dollars in 2021 hair styling products in the personal care electrical appliances market. Besides health & social issues, the trend in personal care and grooming is increasing the market space of the beauty industry. Domestic usage of personal care appliances is one of the major factors that makes the demand for personal care appliances increase significantly.
Author Credits: Parul Atri
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