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Hair Wigs And Extensions Market Size, Industry Analysis Report By Product (Wigs, Extensions, Toupee), By Hair Type (Human hair, Synthetic, Hair wigs), By Fitting Type (Clip-in, Micro link, Tape-in, Glue-in), By Cap Type (Monofilament, Lace), By End-User (Individual consumers, Entertainment, Fashion industry), By Distribution Channel (Offline stores, Online stores) & Region – Forecast

  • PUBLISHED ON
  • 06/12/2022
  • NO OF PAGES
  • 280
  • CATEGORY
  • Retails & Consumer
The Global Hair Wigs And Extensions Market: Overview
The Global Hair Wigs And Extensions Market is valued at around USD 2800 million in 2022 and is expected to reach USD 3744.45 million by 2030, registering a CAGR of 3.7% over the forecast period. Due to numerous medical conditions and hormones, hair loss can lead to full or partial baldness, making people self-conscious about their appearance. As a result, there is now a huge demand for hair implants. Virgin hair, synthetic fibre, Futura, animal hair, human hair, or a combination of these elements are all utilised to change hair. In the early 1990s, imitation hair for theatrical wigs was created using jute fibres, but as fashions evolved, the range of raw materials also increased: animal hair, human hair, synthetic fibre, Futura, virgin hair, or a combination of these materials.

The Global Hair Wigs And Extensions Market - Growth Factor
Over the past few years, a growing number of clients have demanded hair extensions or wigs for aesthetic or practical reasons. The majority of purchasers of hair wigs and extensions are native Africans and persons of African origin. It's interesting to note that these clients' demand has consistently been almost rigid. They spend a lot of money on relaxers and other chemical hair care treatments to straighten and smooth their hair. A greater number of guys from all over the world are choosing high-quality wigs and toupees as alternatives to surgery or hair transplants as a result of their availability. Manufacturers are establishing production facilities in Asian nations, particularly in China and India, as a result of the rising demand for high-quality hair products.

The Global Hair Wigs And Extensions Market – Market Trends
• The market for hair wigs and extensions is expected to experience slower growth over the targeted period due to the rising competition and stiffness of the product.
• The market for hair wigs and extensions may face more challenges in the near future due to the availability of raw materials and the expanding use and upkeep of hair extensions.
• The majority of wigs and extensions are used in the film business. Individual customers are affected by the celebrities, models, and social media influencers who are increasingly donning hair wigs.
• The development of the market among individual customers and performers has always been driven by new and changing fashion trends in the sector.

The Global Hair Wigs And Extensions Market – Segmentation
The Global Hair Wigs And Extensions Market fragrance concentrates market has been sub-classified into product, hair type, fitting type, cap type, end-user, distribution channel.

On the basis of product, the Global Hair Wigs And Extensions Market is bifurcated into:
• Wigs
• Extensions
• Toupee
• Others

On the basis of hair type, the market is segmented into:
• Human hair
• Synthetic
• Hair wigs
• Others

On the basis of fitting type, the market segmented into:
• Clip-in
• Micro link
• Tape-in
• Glue-in
• Others

On the basis of cap type, the market is segmented into:
• Monofilament
• Lace
• Others

On the basis of end-user, the market is segmented into:
• Individual consumers
• Entertainment
• Fashion industry
• Others

On the basis of distribution channel, the market is segmented into:
• Offline stores
• Online stores
• Others

The Global Hair Wigs And Extensions Market –Regional Analysis
North America dominated the global Hair Wigs And Extensions Market, the greatest percentage of over 40.85% of total revenue in 2021 and is anticipated to expand at a sizable CAGR over the projection period. The increasing penetration and use of wigs and extensions across all age groups is credited with the region's rise. The hair accessories in the area are utilised as both useful and decorative items. The U.S. imports more hair products than any other country in the world.

The Global Hair Wigs And Extensions Market – Key Market players
Global key players of Global Hair Wigs And Extensions Market include Godrej Consumer Products Limited (India), Evergreen Products Group Limited (China), Aderans Co,Ltd (Japan), ARTNATURE INC (Japan), Donna Bella Hair Extensions (US), Aleriana Wigs (Argentina), Diamond Hair Company (US), INDIQUE (US), FN LOnglocks (US), Klix Hair Inc (US), Shake-N-Go Inc (US), Locks & Bonds (US), KLIX HAIR, INC (US), Hairlocs (US), easihair pro (US), and others.

Report scope
Global Hair Wigs And Extensions Market: Historical Years- 2018-2021
Global Hair Wigs And Extensions Market: Forecast Years- 2022-2030
Global Hair Wigs And Extensions Market 2022- USD 2800 million
Global Hair Wigs And Extensions Market 2030- USD 3744.45 million
Global Hair Wigs And Extensions Market CAGR- 3.7%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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