PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449622
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449622
The curling irons market size is expected to reach US$ 2.11 Bn by 2031, from US$ 1.29 Bn in 2024, at a CAGR of 7.3% during the forecast period.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2023/2024: | US$ 1.29 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 7.30% | 2030/2031 Value Projection: | US$ 2.11 Bn |
Curling irons have become an essential tool for hair styling enthusiasts all over the world. These devices are designed to create beautiful and effortless curls, giving individuals the opportunity to change their hairstyles and experiment with different looks. As the demand for versatile hair styling products continues to grow, the market for curling irons is expected to witness significant growth in the coming years.
The market dynamics of the curling iron industry are influenced by various factors, including drivers, restraints, and opportunities. One of the major drivers of this market is the increasing emphasis on personal grooming and appearance enhancement. As individuals become more conscious of their looks, they are willing to invest in premium hair styling tools, including curling irons, to achieve the desired hairstyle.
However, the market also faces certain restraints. One such restraint is the availability of alternative hair styling tools, such as straighteners and hot brushes, which offer similar results. These alternatives pose a threat to the growth of the curling iron market as they provide customers with a wider range of options.
Despite the challenges, the curling irons market presents several opportunities. The incorporation of advanced technologies, such as ceramic and tourmaline coatings, in curling irons has enhanced their performance and reduced the risk of hair damage. This technological advancement has attracted a larger customer base and opened up new avenues for growth in the market. With rising disposable incomes, consumers are willing to spend more on advanced curling irons with smart heat and style settings. Salons and stylists prefer investing in premium-branded tools for long-lasting performance and client satisfaction.