Market for Curling Irons Is Anticipated to Reach Above US$ 4,918.2 Million by 2033 | FMI

The global curling irons market is anticipated to grow at a CAGR of 7.1%. The market is projected to reach US$ 2,471.5 million in 2023. It is anticipated that the valuation will rise above US$ 4,918.2 million by 2033.

The growth rate of the salon services market has been growing rapidly. So says market research, in 2022 the salon services market was US$ 247 billion. Hair service professionals are now using curling irons to help customers get the kind of hairstyle they want. This ought to strengthen demand for curling irons during the forecast period.

Urbanization is proceeding at a rapid pace, and disposable income has been rising. As a result people are investing huge sums to improve their personality. This development has spawned an enormous personal-development market, which is projected to be worth US$ 49 billion in 2023. Consequently, this is also likely to stimulate future demand for curling irons..

Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-12408

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.

Thus, from the insights provided by FMI researchers, it can be inferred that ‘surging salon services market, personal development market, and massive investments being made for technological upgradation is expected to increase the curling irons market size during the forecast period.’ 

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%.

Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12408

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.

In November 2022, Philips debuted its new AI-enhanced informatics solutions to increase diagnostic confidence with intelligence at every step of the radiology workflow at RSNA.