Market for Curling Irons Is Anticipated to Reach Above US$ 4,918.2 Million by 2033 | FMI

The global curling irons market is anticipated to grow at a CAGR of 7.1%. The market is projected to reach US$ 2,471.5 million in 2023. It is anticipated that the valuation will rise above US$ 4,918.2 million by 2033.

There has been a rapid increase in the growth rate of salon services market. As per the market research conducted, the salon services market was valued at US$ 247 billion in 2022. The professionals who are into providing hair services are making use of curling irons to assist customers with the kind of hairstyle they need. This might surge the demand for curling irons during the forecast period.

With rapid urbanization, there has been a surge in the disposable income. This has led to people investing huge amounts in order to improve their personalities. This has led to the massive growth of personal development market which is expected to be valued at US$ 49 billion in 2023. This as well is expected to increase the demand for curling irons in the future.

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The manufacturers are investing in the latest technology, and research and development in order to develop smaller, lighter and robust curling irons. This may even lead to the reduction of the overall cost.

Thus, from the insights provided by FMI researchers, it can be inferred that ‘surging salon services market, personal development market, and massive investments being made for technological upgradation is expected to increase the curling irons market size during the forecast period.’ 

Key Takeaways:

• In 2023, the valuation is expected to be US$ 2,471.5 million.
• The market is projected to record a CAGR of 7.1%.
• By 2033, the numbers may breach US$ 4,918.2 million.
• On the basis of regional analysis, North America is expected to be the dominant market.
• The United States held a market share of 80.4% in North America region.
• Germany held a market share of 18% in Europe region.
• China held a market share of 39.7% in Asia Pacific region.
• Japan held a market share of 39% in Asia Pacific region.
• India held a market share of 25.9% in Asia Pacific region.
• Australia held a market share of 64%.
• On the basis of sales channel, the hypermarket/supermarket was highly sought-after segment, and held a market share of 45.1%.
• On the basis of application, the commercial segment held the leading position, and had market share of 72.5%.

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Competitive Landscape

The key players operating in the market are investing heavily on mergers and acquisitions. This may give them an edge in terms of market share. Moreover, the manufacturers are also making use of green materials in order to work towards sustainable development. The manufacturers are also entering into strategic collaboration in order to access new forms of technology. The key players are also bringing onboard the C-level executives who have been a part of the market for decades. This is done to implement newer strategies and garner higher market share.

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