Personal Care Appliances Market Trends

  • Report ID: 6142
  • Published Date: Jun 10, 2024
  • Report Format: PDF, PPT

Personal Care Appliances Market Trends

Growth Drivers

  • Increased distribution channels and an overabundance of advertisements - Manufacturers of the brands mainly use Facebook and Instagram to personal care appliances market  their goods. A poll in 2024 indicates that roughly 78% of consumers are more likely to be persuaded to make a purchase by real, customer-focused imagery. The contribution of the social network is to educate consumers as to what the item is and how to use it correctly.

    Furthermore, a significant amount of the personal care business is dominated by extensive online sales. As the e-commerce industry has grown, there have been corresponding trends in consumer shopping patterns. Customer consider stars, reviews, and comments as important factors to take into account. In addition, they tend to buy affordable personal care products through both online and offline channels, which is projected to increase sales in the coming year.
     
  • Greater emphasis on personal hygiene practices - The increasing customer concerns about hygiene, self-care, and health are the highest contributing factors to the expansion of this personal care appliances market. The sector is highly lucrative because of the significance of personal hygiene, fashion trends, and social media's influence on appearance and attire.
    Customer's attention is drawn to the popularization of self-grooming products promotion on television and social media platforms, which in turn amplifies their desire to purchase those accessories. However, the global demand is fueled by the tendency of young and middle-aged consumers to constantly change their hairstyles and improve their appearance.
     
  • New technological advancements and innovations - New and innovative technology-filled equipments are entering the personal care appliances market, thus, manufacturers have an opportunity to create a variety of models to meet specific customer needs. Smart features in hair care products, such as AI-powered styling tools, enable users to customize their hairstyle recommendations and enhance their experience.

    LED therapy devices use light therapy to improve skin issues. For instance, as per the data published in 2024, 85% of people who have used red light therapy have experienced improvements in their skin issues. Additionally, with the advancement of sonic and ultrasonic technologies in oral hygiene appliances, customers can now get dental cleaning at their doorstep.

Challenges

  • Tight regulating guidelines - At the national and international levels, the personal care appliances business is bound by strict regulations and standards. Manufacturers must adhere to safety, quality, and environmental requirements in order to release items onto the landscape and win over customers. Global manufacturers must traverse disparate sets of regulations and certifications due to the diversity of regulations across different locations, which adds complexity to their operations.
    Keeping up with regulations can be especially difficult when it comes to quickly changing technologies. The incorporation of sophisticated functionalities, such artificial intelligence and smart technology, raises new questions about cybersecurity and data privacy. Developing novel products becomes more expensive overall as meeting these regulatory requirements necessitates large investments in testing, certification, and R&D.
     
  • High costing - The cost of buying luxurious personal care appliances is increasing while the customers cut down on the number of purchases for getting more quality. People are getting accustomed to spending more on trendy sustainable brands that make products that last. However, this shift towards upmarket associated has some challenges to manufacturers who seem to be producing for premium products that can compete these products with each other.

Personal Care Appliances Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Parul Atri


  • Report ID: 6142
  • Published Date: Jun 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of barge transportation was over USD 33.47 billion.

The market size for barge transportation is projected to cross USD 39.62 billion by the end of 2036 expanding at a CAGR of 10.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Andis Company, Conair Corporation, Groupe SEB, Havells India LTD, Helen of Troy, Koninklijke Philips NV, Panasonic Corporation, Procter and Gamble, Spectrum Brands, Inc., Wahl Clipper and others.

In terms of application, the hair styling appliances segment is anticipated to account for the largest market share of 33.47% during 2024-2036.

The Asia Pacific personal care appliances sector is poised to hold the highest share of 34% by 2036.
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