March 08, 2021
According to the business intelligence report titled ‘Global Curling Irons Market Size study, by Product (Curling Tongs, Curling Wands), By Application (Residential, Commercial), By Distribution Channel (Hypermarket/Supermarket, Online) and Regional Forecasts 2020-2027’, available with Market Study Report, global curling irons market was worth USD 19.3 billion in 2019 and is anticipated to exhibit a 10.3% CAGR over 2020-2027, subsequently reaching a valuation of USD 42.3 billion by the end of the stipulated timeframe.
As per the findings of the report, surging demand for affordable hair grooming tools coupled with growing preference for compact and time-saving hair styling devices are augmenting global curling irons market size. Further, innovative product launches are expected to add considerable traction to the overall market expansion in the forthcoming years.
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For those unaware, curling irons are devices that utilize heat for styling of hair. These instruments are either battery-powered or run on electricity. Industry experts cite that the availability of a wide variety of curling irons, in terms of size, shape, diameter, and form of handle will continue to stimulate product demand during the analysis period.
On the contrary, emergence of technologically advanced alternatives is expected to hamper business development during the forecast period.
Speaking of product landscape, global curling irons market is bifurcated into curling wands and curling tongs. With regards to distribution channel, the market is divided into online and supermarket/hypermarket. Proceeding further, the application scope of the industry is split into commercial and residential.
Elaborating on the regional outlook, North America captures majority of global curling irons market share, primarily due to innovative product launches and escalating demand for compact and time-efficient hair styling devices in the region.
Meanwhile, the Asia-Pacific business space is predicted to expand exponentially during 2020-2027, owing to rising adoption of cost-efficient hair grooming tools that offer optimal hair safety.