Allied Market Research published a new report, titled, “Hair Extensions Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Hair extensions are animal, human, or synthetic hair available in different styles and colors and are used for extending the hair length and volume with original hair. These are stuck, sewed, or clipped with the natural hair to give a clean and natural look to the person wearing it. These are customizable as per the requirements of the customers and are designed by the stylist.
The growth of hair problems like thinning of hair, baldness, hair loss in the hairline, and other types of alopecia are the factors that have increased the demand for hair extension globally. In addition, the surge in usage by the beauty and cosmetic industry for wearing in functions, marriages and other parties to cover the hair problems and uses by the entertainment industry are driving the global hair extension market.
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Moreover, the rise in income of mid-income groups and awareness related to personal beauty among the people with easy availability of hair extensions due to the vast distribution channel are the factors that will boost up the market in near future. However, high prices charged by the manufacturers for hair extension made by human hair limits the market growth. Innovation in the market is related to better synthetic and low-cost extension which serve the purpose and look good.
The key market players profiled in the report include Great Lengths Universal Hair Extensions SRL, Balmain Hair Group B.V., Esqido, SO.CAP. Original USA, Donna Bella OpCo, LLC, Cinderella Hair Extension, KLIX HAIR, INC., Racoon International, Hairlocs, Viva Femina, Inc., Femme Hair & Beauty, Hair Visions International, Henan Rebecca Hair Products Co. Ltd., Evergreen Products Group Limited and FN Longlocks
COVID-19 Scenario Analysis:
- The unavailability of raw materials due to lockdown in many raw material supplying countries has halted the production.
- There has been low demand for hair extension products as hair treatment has become a secondary preference due to the outbreak of the pandemic.
- The market will grow substantially once the beauty and cosmetic care products will be in demand.
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Geographically Analysis – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
Key Segments Covered:
○ Fitting Type
○ Distribution Channel
○ Industry Vertical
Key Benefits of the Report:
- This study presents the analytical depiction of the global hair extensions industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hair extensions market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global hair extensions market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global hair extensions market analysis based on competitive intensity and how the competition will take shape in coming years.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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