Published: 23-Jan-2020 | Published By: Market Research Store
The published report on “Wig Market –By Type (Covered Hair Wig, Hair Extension, and Others) and By Application (Women and Men): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the demand for global Wig market in 2018 was around USD 4 billion. It is expected to reach around USD 5.3 billion by 2025 with a CAGR of approximately 15.2%.
Browse Full Report 145 Market Data Tables and 46 Figures spread through 145 Pages and in-depth TOC on "Global Wig Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-wig-market-professional-survey-2019-by-manufacturers-512150
A wig is a hair accessory that is made from either human hair, synthetic hair, or animal hair. Some of the individuals wear wig in order to avoid exposing their baldness or for any religious purpose.
Moreover, the demand for wig is mainly influenced by massive popularity of wigs as a result of curly hair or as a part of changing fashion trends. Apart from this, the demand for the consumer products increases during the Halloween celebrations. In addition to this, demographic changes can impact the demand as well as the market size during the forecast timeline. Furthermore, the profitability of the market is highly influenced by specific age groups, educational levels, income levels, and geographical sites.
Apparently, the launching of the myriad types of human hair accessories with product innovations can result in the enhancing of the product quality. This will prompt the expansion of the wig industry over the period from 2019 to 2025.
In addition to this, technological innovations and easy availability of attractive accessories & hairstyles are projected to open new horizons of growth for the wig business in Asian countries over the forecast period. Apart from this, launching of products like clips, ties, head bands, and barrettes for wig for the purpose of fashion will create huge demand for the products among both the youth as well as adult consumers over the period from 2019 to 2025.
The buying behavior of the consumers across the globe depends on emerging fashion trends and altering hair styles. The market revenue is heavily affected on the product purchase leveraged by religious beliefs and ethnic population.
Additionally, media and magazines have propelled the market demand. Rise in the use of the social networking sites, trendy hairstyles, and easy availability of tutorials will make the use of wigs more popular across the globe. Easy access to clips, ornamented pins, and bands on e-commerce web portal will further pave a way for the industry surge over the forecast timeline. The huge shelf-space provided by the retailers to these products will lucratively impact the growth of the wig business over the forecast period.
North America, which held major share of the overall market in 2018, is slated to contribute remarkably towards the business growth during 2019-2025. The regional market surge over the forecast timespan is owing to high presence of African people with the massive inclination towards the buying wigs.
Key players operating in the wig industry areAderans, SNG, Artnature, Rebecca, Hair Zone, OSCAR, Hengyuan, Jifa, Shenlong, JRX, ZhongYu, Dragon Proof, Dadi, Minghui, Seaforest, Merrylight, Hengjia, Hair Beauty, Xinte, Shengyuan, and Shunxin.
This report segments the wig market as follows:
Global WigMarket: By TypeSegment Analysis
Covered Hair Wig
Global Wig Market: By Application Segment Analysis
Global WigMarket: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key Pointers Addressed by the Report
Historical data and forecast analysis of the market
Drivers and Restraints affecting market dynamics
Exhaustive analysis about the future market trends
Comprehensive information about the leading market segments and region
Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
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