Meticulous Research®—a leading global market research company, published a research report titled, ‘Hair Dryer Market Size, Share, Forecast, & Trends Analysis by Model (Foldable, Non-foldable), Type (Cordless, Corded), Technology (Ionic, Tourmaline, Ceramic, Infrared), Power (Low, High), Usage, Distribution Channel - Global Forecast to 2031.’
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Meticulous Research® predicts that the global hair dryer market will surge to $12.3 billion by 2031, growing at a 4.9% CAGR from 2024 to 2031. By volume, the market is expected to hit 324.9 million units by 2031, with a CAGR of 3.4%. This growth is fueled by the rising popularity of professional salons, an increasing focus on beauty and personal care, and growing demand for salon-quality services. Nonetheless, concerns about potential hair damage caused by heat may restrict market expansion.
The rise of e-commerce and demand for personal care in developing regions presents significant opportunities. However, the presence of copyright hair dryers remains a challenge for market players.
Market Insights:
- By Type: Non-foldable dryers are expected to capture 58.0% of the market in 2024, with foldable models gaining momentum.
- By Technology: Ionic dryers will command 43.0% of the market, favored for their heat management and ability to enhance hair shine. Ceramic technology is expected to see the highest growth.
- By Power: High-power dryers are forecast to account for 56.0% of the market, catering to consumers seeking fast and efficient styling solutions.
- By Usage: Personal-use dryers will lead the market with a 64.0% share, although professional salon tools will see faster growth.
Regional Market Share: North America is projected to dominate the market in 2024, holding over 34.0% market share, with demand driven by premium products and cutting-edge technologies.
Leading Companies: Prominent players include Conair, Dyson, Panasonic, Philips, Revlon, and others.
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