Increasing Focus on Developing Technologically Advanced Products is Helping Personal Care Appliances Market to Reach Valuation Worth ~US$111 Bn by 2027, finds TMR

- Notable brands in the global personal care appliances market are concentrating on developing innovative products to bolster their general presence. Moreover, they are trying to introduce technologically sound products that will attract more number of users

- The growing spending power of people is another factor that is working in favor of the market growth

ALBANY, New York, Feb. 17, 2020 /PRNewswire/ -- A new research report published by Transparency Market Research is expecting the global personal care appliances market to grow at a steady pace of ~ 3% CAGR for the forecast period from 2019 to 2027. With this rate of growth, the valuation of personal care appliances market will rise up to around US$111 bn by the fall of 2027. In 2018, the initial valuation of the global market was around US$82.8 bn. The research report provides great insight on the factors that are influencing the growth of the market and detailed information on the overall working dynamics.

"Leading manufacturers in the global personal care appliances market are now introducing innovative products to improve their popularity. Moreover, growing concerns about personal health is also inspiring these companies to come up with technologically sound products", finds TMR analyst.

Key Findings in the Research Report

• The global personal care appliances market is broadly segmented in terms of product, end user, distribution channel, and region.
• Based on product, the market is further segmented into trimmers, shavers, hair dryers, hair straighteners, epilators, and others. Of these, the segment of trimmers is experiencing a high technological growth. The research report expects the trimmers segment to reach an output of around 500 million units by the fall of 2027. The segments is thus expected to witness a promising growth in the near future.
• The segment of hair dryers is also expected to witness good growth in the near future. The companies in the market are trying to produce less intrusive hair dryers to attract more number of customers.
• In terms of end-user the global market is further segmented into men, women, and children. Both the segments of men and women are expected to have a stable rate of growth in the coming years of the forecast period.
• In terms of distribution channel, there are two main sub-segments i.e. online and offline. The offline segment has traditionally been the dominant one. However, with increasing penetration of the internet and increasing trend of online shopping, the online segment of distribution channel is expected to witness a promising growth.

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Personal Care Appliances Market by Product: Trimmers, Shavers, Hair Straighteners, Hair Dryers, Epilators, and Others; End User: Men, Women, and Children; and Distribution Channel: Online [e-Commerce Website and Company Website] and Offline [Hypermarkets & Supermarkets, Specialty Stores, and General & Pharmaceutical Stores]at https://www.transparencymarketresearch.com/personal-care-appliances-market.html