North America Hair Extension Market Insights Forecasts to 2032
- The North America Hair Extension Market Size was valued at USD 1.74 Billion in 2022.
- The Market Size is growing at a CAGR of 6.77% from 2022 to 2032.
- The North America Hair Extension Market Size is expected to reach USD 3.35 Billion by 2032.
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The North America Hair Extension Market Size is expected to reach USD 3.35 billion by 2032, at a CAGR of 6.77% during the forecast period 2022 to 2032.
Human hair acquires length and fullness by artificial hair integration, also referred to as hair extensions, hair weaves, and fake hair. Hair extensions are typically clipped, glued, or sewn onto natural hair and consist of extra human or synthetic hair. Tape-in extensions, clip-in or clip-on extensions, micro/nano rings, fusion method, weaving method, and wigs are examples of these methods. Hair extensions combine in with hair since they are their complementary color and texture. These are designed by the stylist and are customizable to the needs of the customers. The increased number of beauty salons, North America is expected to see significant growth in the hair extension market. Furthermore, the shift in women's consumer trends towards premium quality products is expected to drive the growth of the region's hair market in the forecast period. Hair extensions are in high demand due to rising disposable income and the desire to improve one's physical appearance. One of the key factors boosting industry growth is the growing influence of social media in promoting the use of wigs and extensions, as well as celebrity endorsements. The North America grooming industry is currently experiencing unprecedented growth. The majority of people worldwide prefer to use convenient options when choosing grooming products because of the fast-paced lifestyle of today include the factors such as a higher standard of living and the desire to appear presentable during social interactions boost the market growth in forecast period.
This research report categorizes the market for North America hair extension market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America hair extension market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America Hair Extension Market.
North America Hair Extension Market Report Coverage
|Market Size in 2022:||USD 1.74 Billion|
|Forecast Period 2022-2032 CAGR:||6.77%|
|2032 Value Projection:||USD 3.35 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Product, By End-User, By Country|
|Companies Covered:||Klix Hair Extensions, Locks & Bonds, Easihair Pro, Barclaywolf Hair Extensions, Cinderella Hair Extension, Anhui Jinruixiang Hair Products Co., Ltd., Evergreen Product Group Limited, SO.CAP.USA, Great Lengths Universal Hair Extensions S.p.A., Balmain Paris Hair Couture and Other Key Players.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The hair extensions industry is expected to grow due to the growing use of hair extensions in the fashion and entertainment industries, which is increasing demand for the market in North America. Furthermore, many actresses, models, and celebrities have recently admitted to using hair extensions. This is a significant market development because celebrities' open use of hair extensions has resulted in an increase in the use of hair extensions for cosmetic purposes. Furthermore, the growing popularity of hair extensions is breaking down the taboo surrounding their use. The North American hair extension market accounts for the second-largest market share, which can be attributed to the fact that the United States and Canada have a large number of beauty salons, which supports the product's consumption rate in the region. Female consumers' shifting preferences for high-quality products will also contribute to the region's market growth.
Natural/human artificial hair integrations are often relatively expensive due to the unrealistically low prices of synthetic hair weaves. As a result of the rising demand for substitute products and the high cost of the original product, it is difficult for artificial hair integration brands to achieve global expansion, these factors are hampering the hair extension market in the North America.
- In 2022, the human hair extension segment accounted for the largest revenue share over the forecast period.
Based on the type, the North America hair extension market is segmented into synthetic hair extension, human hair extension, and animal hair extension. Among these, the human hair extension segment has the largest revenue share over the forecast period. The natural appearance of human hair extensions is increasing demand for human hair extensions. Human hair extensions can be treated using the same techniques as natural hair. The long lifespan of human hair extensions is a major factor boost market growth.
- In 2022, the clip-in segment accounted for the largest revenue share over the forecast period.
On the basis of product, the North America hair extension market is segmented into tape-in, fusion and pre-bonded, clip-in, and others. Among these, the clip-in segment has the largest revenue share over the forecast period. Clip-in extensions are popular because they are simple to apply and temporary. They attach with pressure sensitive clips, which do not harm the hair. Consumers' desire for a quick and easy change of hairstyle is a major factor boost the demand for clip-in hair extensions.
- In 2022, the female segment is expected to hold the largest share of the North America hair extension market during the forecast period.
Based on the end user, the North America hair extension market is classified into male and female. Among these, the female segment is expected to hold the largest share of the North America hair extension market during the forecast period. Female preferred hair extensions to experiment with different styles and colours without permanently altering natural hair. Hair extensions can provide an immediate and simple way for users to fake a good hair day in everyday life.
The report offers the appropriate analysis of the key organizations/companies involved within the North America hair extension market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Klix Hair Extensions
- Locks & Bonds
- Easihair Pro
- Barclaywolf Hair Extensions
- Cinderella Hair Extension
- Anhui Jinruixiang Hair Products Co., Ltd.
- Evergreen Product Group Limited
- Great Lengths Universal Hair Extensions S.p.A.
- Balmain Paris Hair Couture
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On October 2022, Rebundle, a hair brand based in the United States, introduced compostable extensions in response to the issue of sustainability in the hair industry.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America hair extension market based on the below-mentioned segments:
North America Hair Extension Market, By Type
- Synthetic Hair Extension
- Human Hair Extension
- Animal Hair Extension
North America Hair Extension Market, By Product
- Fusion and Pre-bonded,
North America Hair Extension Market, By End User
North America Hair Extension Market, By Country
- United States
- Rest of North America
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