Market Size of Personal Care Appliances Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.62 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Personal Care Appliances Market Analysis
The Personal Care Appliances market is projected to grow at a CAGR of 6.62% over the next five years.
Increasing concerns related to health, body image, self-grooming, and hygiene among men and women is the key factor driving the market. Growing awareness about the importance of an overall personal care regime coupled with emerging trends in fashion, and social media's influence, towards aesthetically appealing looks, is also expected to boost the market growth. For instance, in June 2021, Panasonic Corporation launched a new EH-HS0E: enrich + advanced care hair straightener with a high-speed intelligent thermal sensor for flawless style, single-stroke straightening, and unique nanoeTM technology, styles hair to perfection and helps enrich shine and smoothness of hair as per the company claims.
Additionally, rechargeable battery-powered personal care appliances are gaining popularity due to their convenient usage. These appliances are completely portable, making them travel-friendly. Cordless appliances such as hair trimmers, shavers, and epilators are witnessing a high market representation among male & female consumers as these appliances are hassle-free and user-friendly compared to corded personal care appliances.
Furthermore, the rise in penetration of e-commerce and smart devices such as mobile phones and tablets, along with benefits like easy payment options and discounts, are the factors contributing to the growth of this segment. Moreover, increasing preference for online shopping is compelling manufacturers to offer their products through various online channels such as Amazon, John Lewis, and E.Leclerc.Social media have become very influential in the world of fashion, which had a major impact on the men's grooming market as it enticed men towards innovative and effective grooming appliances. Social media have become very influential in the world of fashion, makeup, hairstyling, and trendsetting. Hence, the increasing promotions, including advertisements of hair styling tools in different media channels, are gaining customers' attention.
