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The hair wigs and extension market size is forecast to increase by USD 7.38 billion at a CAGR of 9.8% between 2024 and 2029.
The hair wigs and extension industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period.
The hair wigs and extensions market encompasses various product offerings, including hair bleaching, length, loss, color, combs, weft extensions, micro-loop extensions, remy hair, bonding, thinning, clip-in extensions, wigs for children, sew-in extensions, lace front wigs, hair replacement, coloring, 360 lace wigs, cosmetic hair, synthetic wigs, caps, full lace wigs, hair care products, oils, wigs for women, weaving techniques, online retailers, salons, styling tools, straighteners, conditioners, wigs for men, styling, treatment, installation, sprays, dryers, stylist, fashion wigs, costume wigs, tape-in extensions, braiding, density, glueless wigs, toppers, bundles, weaves, weaving, maintenance, virgin hair, curlers, extensions, stands, brushes, texture, and human hair wigs.
This market caters to diverse consumer needs through distribution channels such as specialty stores, hypermarkets, supermarkets, convenience stores, and others. Hypermarkets, including Walmart Inc. And Target Corp., offer hair wigs and extensions due to their expanding businesses. Salons and spas, popular among consumers with busy schedules, provide rejuvenation treatments and grooming services. The trend of hair styling among men and women propels market growth. Consumers prefer specialty stores for the wide variety of hair wigs and extensions, while professionals opt for these stores for professional purchases.
The Offline segment was valued at USD 7.21 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The hair wigs and extensions market in APAC witnessed significant growth in 2024, with China, India, and Japan being the leading contributors. These countries are prominent exporters of human hair to major importers like the US and European countries. The market is characterized by a price-sensitive consumer base, resulting in a high demand for affordable synthetic hair wigs and extensions. Several companies, including Aderans, Shandong Elite, and Evergreen Products Group, have set up production facilities in countries like China, India, Vietnam, and Bangladesh due to the availability of cheap labor and easy access to human hair sourcing. Hair care products such as hair oils, conditioners, and styling tools are commonly used in conjunction with wigs and extensions.
Weft hair extensions, micro-loop extensions, clip-in extensions, and sew-in extensions are popular choices among consumers. Remy hair, a high-quality human hair, is preferred for its natural texture and longevity. Hair coloring, thinning, and replacement are common reasons for purchasing wigs and extensions. Lace front wigs, 360 lace wigs, and full lace wigs are popular choices for those seeking a more natural appearance. Wig maintenance, including care products and wig stands, is essential to ensure the longevity of the wig. Human hair wigs and extensions, while more expensive, offer a more natural look and feel. Hair weaving techniques, such as braiding and weaving, are used to attach extensions to the natural hair.
Online retailers and hair salons are major distribution channels for wigs and extensions. Hair styling tools, such as hair dryers, curlers, and straighteners, are used to style and maintain the wigs and extensions. Wigs for women, men, and children are available in various styles, colors, and textures to cater to diverse consumer needs. companies are focusing on innovations such as glueless wigs, hair toppers, and hair bundles to cater to the evolving consumer preferences. Virgin hair, a type of unprocessed human hair, is gaining popularity due to its natural texture and longevity. Hair density, a critical factor in determining the quality of wigs and extensions, is a key consideration for consumers.
The hair wigs and extensions market in APAC is witnessing significant growth, driven by the demand for affordable synthetic hair and the availability of cheap labor and human hair sourcing in countries like China and India. The market is diverse, with a range of products catering to various consumer needs and preferences. companies are focusing on innovation and quality to differentiate themselves in the competitive market.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The hair wigs and extension market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the hair wigs and extension market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, hair wigs and extension market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Aderans Co. Ltd. - This company specializes in high-quality, custom-made hair wigs and extensions, enhancing fashion-forward styles.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The hair extension market continues to evolve, driven by advancements in hair extension technology and innovative weaving techniques. Hair extension manufacturers and wholesalers distribute these products to retailers and salons, catering to the growing demand for various hair extension services. Stylists undergo specialized training to master hair extension styling and maintenance, ensuring clients' satisfaction. Regulations governing the industry ensure product safety and ethical business practices.
Trends in hair extension sales reflect consumers' preferences for natural-looking extensions and diverse textures. Certification programs provide professionals with industry knowledge and skills, enhancing their expertise. Overall, the hair extension industry remains a dynamic and competitive business landscape.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Hair Wigs And Extension Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
192 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.8% |
Market growth 2025-2029 |
USD 7383.3 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
9.1 |
Key countries |
US, Japan, India, China, UK, Canada, France, Germany, Brazil, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Distribution Channel
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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