The UK hairbrush market is expected to reach USD 679.2 million by 2022,
according to a new study by Grand View Research, Inc.
The hairbrush market is projected to be driven by the increase in
population combined with rise in disposable income. The rise in disposable
income has allowed people to spend on hair care and hairbrushes, more so than
before. The consumer confidence and per capita disposable income will keep on
rising as the unemployment rate continues to decline, offering consumers more
discretionary income for hair care and hairbrushes.
The hairbrush market is also expected to be driven by the increase in the
number of salons. Rise in the number of working women along with continuing
interest in personal appearance is expected to increase the demand for salons.
Growing demand for anti-aging treatments along with increasing spending on
lifestyle needs are some of the factors furthering this trend. Increasing
awareness of grooming among men combined with availability of globally trusted
product brands are a few other factors leading to the increase in the number of
salons.
The presence of a large number of local manufacturers may restrain market
growth over the next seven years. A considerable number of consumers are
unaware of the benefits of using the right product, and purchase these items
through the unorganized sector. This impacts profitability of key
manufacturers, since local products are readily available at lower costs.
In depth research report on China Hairbrush Market
Further key findings from the study suggest:
·
Hairbrushes are available in various designs serving
different functions such as cushion, paddle, round, vented, and wet. They are
primarily used by individuals and professionals for hair styling. Professional
hair brush has high growth but has low penetration. Improvement in macroeconomic
condition will lead to increase in number of salons and may also drive salon
revenue, which is expected to drive professional brushes demand.
·
Regional demographic trends are expected to majorly impact
the overall revenue growth. The number of households in china has increased
from 160 million in 2002 to 260 million in 2012, and around 70% of these
households represent the middle class population. The number of UK
manufacturers expanding and entering the Chinese market is growing leading to
the rapid economic growth and urbanization. Due to the presence of wide number
of products available from other countries is contributing to the increase in
the spending power of the population in the country.
·
Key players in the hairbrush market include AirMotion Pro,
Conair, Braun, Babyliss, Crave Naturals, Denman, Hershesons, Kent, Mason
Pearson, Tangle Teezer and Wet Brush. Distribution being a critical component
for success, Conair collaborated with Capgemini to be Global Data
Synchronization (GDS) complaint. The GDS technology is electronic
synchronization of price, product, trading party data, which acts as a common
platform for the global supply chain. GDS facilitates collaboration between
manufacturers and retailers through the adoption of global trading standards.
In March 2014, Denman announced the acquisition of U.S. based Bobby Company to
add to its market share in the professional hairdressing sector.
Grand View Research has segmented the hairbrush market on the basis of
application and region:
Hairbrush Application
Outlook (Volume & Revenue, 2012 - 2022)
·
Personal
·
Professional
Hairbrush Regional Outlook
(Volume & Revenue, 2012 - 2022)
·
U.S.
·
UK
·
Germany
·
China
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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