The Personal Care Appliances Market is being driven by Product innovations leading to portfolio extension and product premiumization
The Personal Care Appliances Market is expected to grow at a CAGR of 6.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7.69 billion. The global personal care appliances market is poised for significant growth due to the continuous introduction of innovative new products. These new launches serve to invigorate consumer interest and address evolving needs and preferences. For instance, in January 2024, Philips unveiled a groundbreaking hair straightener featuring nourishcare technology. This advanced hair straightener is designed to minimize heat damage during styling, expanding the company's product offerings and opening new market opportunities. Such innovations are expected to positively impact market growth throughout the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
230 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
Market growth 2025-2029 |
USD 7.69 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.5 |
Key countries |
US, China, Japan, UK, India, Germany, South Korea, Canada, Italy, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Personal Care Appliances market is experiencing significant growth due to increasing awareness and beauty consciousness, particularly in emerging economies. Brand consciousness plays a crucial role as consumers seek out recognized brands for their grooming needs. Beauty equipment, including epilators, hair removal appliances, hair straighteners, and hair stylers, are popular choices. Oral care appliances and battery-operated grooming items are also in demand. Communication and engagement with celebrities influence purchasing decisions. The business thrives on economic activities, with electricity being an essential requirement for these appliances.
The global personal care products market encompasses the production and research and development of a diverse range of items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, the market size is determined by the collective revenue generated by manufacturers in this sector. Factors fueling market expansion include the positive correlation between disposable income and discretionary spending, which often includes purchases of luxury and lifestyle-related products, as well as increasing consumer awareness and preference for branded personal care appliances and equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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