Curling Irons Market Expected to Advance at a CAGR of 7.1% by 2033 | FMI

During the forecast period, the global curling irons market is expected to advance at a CAGR of 7.1%. In 2023, the market size is estimated to be at USD 2,471.5 million, with the valuation expected to surge beyond USD 4,918.2 million by 2033.

Key factors

• Technological advancements drive innovation and improvement in various industries, leading to the development of new products with advanced capabilities.
• New product launches with enhanced features and functionalities contribute to market growth and consumer interest, as they offer improved performance and user experience.
• The growing influence of social media platforms plays a significant role in shaping consumer preferences and purchasing decisions, as users rely on social media for product recommendations, reviews, and trends.

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With rapid urbanization, there has been a surge in the disposable income. This has led to people investing huge amounts in order to improve their personalities. This has led to the massive growth of personal development market which is expected to be valued at US$ 49 billion in 2023. This as well is expected to increase the demand for curling irons in the future.

The manufacturers are investing in the latest technology, and research and development in order to develop smaller, lighter and robust curling irons. This may even lead to the reduction of the overall cost.

Key Takeaways:

• In 2023, the valuation is expected to be US$ 2,471.5 million.
• The market is projected to record a CAGR of 7.1%.
• By 2033, the numbers may breach US$ 4,918.2 million.
• On the basis of regional analysis, North America is expected to be the dominant market.
• The United States held a market share of 80.4% in North America region.
• Germany held a market share of 18% in Europe region.
• China held a market share of 39.7% in Asia Pacific region.
• Japan held a market share of 39% in Asia Pacific region.
• India held a market share of 25.9% in Asia Pacific region.
• Australia held a market share of 64%.
• On the basis of sales channel, the hypermarket/supermarket was highly sought-after segment, and held a market share of 45.1%.
• On the basis of application, the commercial segment held the leading position, and had market share of 72.5%.

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Competitive Landscape

The key players operating in the market are investing heavily on mergers and acquisitions. This may give them an edge in terms of market share. Moreover, the manufacturers are also making use of green materials in order to work towards sustainable development. The manufacturers are also entering into strategic collaboration in order to access new forms of technology. The key players are also bringing onboard the C-level executives who have been a part of the market for decades. This is done to implement newer strategies and garner higher market share.

Other key players profiled: Conair Corporation, Helen of Troy, Curlingiron.org, Lunata Beauty, Dyson, Revlon, Inc., Andis Company

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