[Research Report] The electric hair brush market size is projected to grow from US$ 714.06 million in 2022 to US$ 1,110.46 million by 2030; the market is expected to record a CAGR of 5.7% from 2022 to 2030.
Market Insights and Analyst View:
Increasing consumer preference for salon-style curling and hairstyling and surging number of campaigns on fashion style through social media platforms such as Instagram, YouTube, Facebook, and Pinterest are surging the market growth. In addition, the key players operating in the market are engaged in developing new products owing to the surging demand for technologically advanced products with features such as automatic shut-off, temperature control, and incorporation of smart connectivity through mobile applications, which drives the market.
Growth Drivers and Challenges:
The electric hair brushes market is significantly growing with an upward trend. Manufacturers are investing significantly to launch innovative products to attract a large consumer base. For instance, in December 2021, Vega, the electric hair styling appliances manufacturer based in India, launched "VHSB-03," the new X-Star Hair Straightening Brush for straightening and brushing hair using Thermo Protect Technology. It is the most advanced and latest addition to the company's current range of hair straightening brushes with anti-frizz, anti-scald, teeth, ceramic coating, and thermo-protect technology.
Nowadays, marketing has moved beyond commercial advertising. Recently, social media platforms have been on the rise as the top way to promote businesses. YouTube videos and celebrity promotions on social media platforms such as Instagram and Twitter have significantly increased the demand for hair care appliances such as electric hair brushes across the globe. For instance, VEGA—one of the leading hair care appliances and beauty care accessories flagship brands based in India—has launched new campaigns promoting its 3-in-1 Hair Styler under the Personal Care Appliances category and hair brushes under the Beauty Care Accessories range, featuring their brand ambassador and Bollywood actress, Ananya Panday. Similarly, in February 2023, Koninklijke Philips N.V. showcased its hair straightening range with a new campaign, #YourHairYourWay, featuring Alia Bhatt, a famous Bollywood star. Thus, such celebrity endorsement and campaigns by manufacturers influence fans and consumers to use electric hair brushes.
Electric hair brushes are one of the essential tools used for styling hair. However, heat damage caused by electric hair care appliances is a significant factor that negatively impacts the market growth. The heat generated by electric hair brushes causes gradual hair damage, such as dullness, increasing fizziness, and more split ends. Excessive usage of electric hair care products on hair makes them more prone to permanent damage. Straightening hair regularly can make hair lose moisture, which can permanently damage hair. Also, excessive use of hair straightening brushes and other appliances can lead to hair loss. Moreover, intense heat damage can lead to breakage if the issue is not recognized and addressed promptly. Consumers worldwide have become increasingly conscious about their hair health. Thus, the demand for electric hair brushes is decreasing, which can hamper the market growth.
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Electric Hair Brush Market: Strategic Insights
Market Size Value in US$ 714.06 million in 2022 Market Size Value by US$ 1,110.46 million by 2030 Growth rate CAGR of 5.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Electric Hair Brush Market: Strategic Insights
| Market Size Value in | US$ 714.06 million in 2022 |
| Market Size Value by | US$ 1,110.46 million by 2030 |
| Growth rate | CAGR of 5.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The global electric hair brush market is segmented on the basis of product type, category, distribution channel, and geography. Based on product type, the electric hair brush market is segmented into round brush and flat brush. Based on category, the market is segmented into men, women, and unisex. Based on distribution channel, the electric hair brush market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America)
Segmental Analysis:
Based on product type, the electric hair brush market is segmented into flat brush and round brush. The flat brush segment holds a significant share of the market. Paddle brushes and hair straightening brushes are major types of flat brushes. Flat brushes are used for styling as well as drying purposes. Flat brushes come in oval and rectangular shapes. Flat brushes add a classy, straightened look to short, medium, or long hair. Flat brushes smoothen the hair, remove frizz, and help prevent snagging and pulling. More recently, straightening brushes have been rising in popularity. Straightening brushes are a combination of a paddle brush and a hot iron straightener. They heat up, can quickly straighten and smoothen hair, and are less damaging than a traditional hot iron. These factors are anticipated to fuel the market growth for the segment during the forecast period.
Regional Analysis:
The electric hair brush market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global electric hair brush market was dominated by Asia Pacific; the market in this region was valued at US$ 253.01 million in 2022. North America is the second major contributor to the market, which holds ~27% of the global market. South & Central America is expected to register a CAGR of 3.8% in the electric hair brush market during the forecast period. The strong presence of local and international brands offering a diverse range of products has propelled the market growth in Europe. Koninklijke Philips N.V., L'Oréal S.A., and Dyson Limited are among the prominent players operating in the market. These players are actively involved in adopting strategic initiatives, such as mergers, acquisitions, and collaborations, to cater to the growing demand for electric hair brushes. In addition, the technological advancement in the region has further contributed to the market growth. Manufacturers in the region are incorporating features such as adjustable heat settings, ionic technology, and ceramic or tourmaline-coated bristles to reduce frizz and static to improve the performance and user experience. For instance, in March 2023, L'Oréal S.A. developed an electric hair brush device incorporating heat-conducting teeth with steam dispensers for effective and easy brushing and styling.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the electric hair brush market are listed below:
- In 2020, Revlon Inc. launched a new, updated version of the best-selling hair tool. The new limited-edition Revlon Titanium Max One-Step Volumizer has a smaller barrel size (2.4-inch compared to the original One-Step's 4.2-inch barrel), which can be ideal for those with shorter hair or those who desire to get a little bit closer to the roots when drying. Limited-edition Titanium Max One-Step Hair Dryer made available only at Walmart and Costco.
Electric Hair Brush Market Report Scope
COVID-19 Pandemic Impact:
The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the consumer goods industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies reported delays in product deliveries and a slump in product sales in 2020.
Rising adoption of hair care appliances and increasing technological advancement in electric hair brushes drove the demand for electric hair brushes before the onset of the COVID-19 pandemic. However, the consumer goods industry experienced an adverse impact of the pandemic during the first quarter of 2020. Many industries had to slow down their operations due to value chain disruptions caused by the shutdown of national and international boundaries. The pandemic led to social distancing norms and a severe negative economic impact, hindering electric hair brush manufacturing and distribution processes. The COVID-19 pandemic also led to an economic recession in the initial months of 2020, which created financial difficulties for low-income and mid-income consumers.
Competitive Landscape and Key Companies:
Koninklijke Philips NV, Revlon Inc, Vega Industries Pvt Ltd, Drybar Products LLC, Conair LLC, Dafni Hair Products Ltd, L'ange Hair Inc, Apalus Inc, Rocket Commercial LLC, and Tre Milano LLC are among the prominent players operating in the global electric hair brush market. These market players are adopting strategic development initiatives to expand, further driving the market growth.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Category, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The electric hair brushes market is significantly growing with an upward trend. Manufacturers are investing significantly to launch innovative products to attract a large consumer base. For instance, in December 2021, Vega, the electric hair styling appliances manufacturer based in India, launched “VHSB-03,” the new X-Star Hair Straightening Brush for straightening and brushing hair using Thermo Protect Technology. It is the most advanced and latest addition to the company’s current range of hair straightening brushes with anti-frizz, anti-scald, teeth, ceramic coating, and thermo-protect technology.
Based on the distribution channel, online retail segment is projected to grow at the fastest CAGR over the forecast period. Online retail stores offer a wide variety of products with heavy discounts; consumers can conveniently buy desirable products remotely. Additionally, home delivery service attracts a large group of customers to shop through e-commerce platforms.
Asia Pacific accounted for the largest share of the global electric hair brush market. In China, Japan, and India, the increase in innovations in electric hair brush products is driving the market. For instance, in December 2021, Vega, the electric hair styling appliances manufacturer based in India, launched “VHSB-03,” the new X-Star Hair Straightening Brush for straightening and brushing hair using Thermo Protect Technology. Additionally, in August 2023, Koninklijke Philips N.V. announced the launch of the Philips Hair Straightening Brush to target Gen Z and millennial customers in India. Increasing promotional activities and campaigns by fashion influencers and style icons in social media forums, including Instagram, Facebook, YouTube, and Pinterest, has played a vital role in promoting hair grooming in the region.
The major players operating in the global electric hair brush market are Koninklijke Philips NV, Revlon Inc, Vega Industries Pvt Ltd, Drybar Products LLC, Conair LLC, Dafni Hair Products Ltd, L’ange Hair Inc, Apalus Inc, Rocket Commercial LLC, and Tre Milano LLC.
In the ever-evolving world of fashion and beauty, hair styling is crucial in defining personal style and enhancing overall appearance. Technological advancements have transformed the landscape of hair styling, offering a wide range of innovative appliances and technologies. For instance, in August 2020, GHD (Good Hair Day) Hair, a UK-based manufacturer of hair care products, introduced its new GHT-rise hair brush. This volumized hot hair brush is intended to increase hair volume twice using Ultra-zone SMART technology.
Based on category, women segment mainly has the largest revenue share. Electric hair brushes are quite popular for straightening, curling, and drying among women. Nowadays, women are more concerned about their hair health. A flat iron damages hair as it releases excess heat than a hair straightening brush. Thus, the demand for hair straightening brushes is increasing among women population.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Electric Hair Brush Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 Distribution Channels
4.3.5 End Consumers
4.4 List of Vendors
5. Electric Hair Brush Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Hair Care Appliances, Especially Among Women
5.1.2 Innovative Product Launches by Key Market Players
5.2 Market Restraints
5.2.1 Hair Damage Caused by Electric Hair Brushes
5.3 Market Opportunities
5.3.1 Technological Advancements in Hair Styling Products
5.4 Future Trends
5.4.1 Celebrity Endorsements and Social Media Campaigns
5.5 Impact of Drivers and Restraints:
6. Electric Hair Brush Market - Global Market Analysis
6.1 Electric Hair Brush Market Revenue (US$ Million), 2020 – 2030
6.2 Electric Hair Brush Market Forecast and Analysis
7. Electric Hair Brush Market Analysis – Product Type
7.1 Round Brush
7.1.1 Overview
7.1.2 Round Brush Market Revenue and Forecast to 2030 (US$ Million)
7.2 Flat Brush
7.2.1 Overview
7.2.2 Flat Brush Market Revenue and Forecast to 2030 (US$ Million)
8. Global Electric Hair Brush Market Analysis – Category
8.1 Men
8.1.1 Overview
8.1.2 Men Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Women
8.2.1 Overview
8.2.2 Women Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Unisex
8.3.1 Overview
8.3.2 Unisex Market Revenue, and Forecast to 2030 (US$ Million)
9. Global Electric Hair Brush Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Specialty Stores
9.2.1 Overview
9.2.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Electric Hair Brush Market - Geographical Analysis
10.1 North America
10.1.1 North America Electric Hair Brush Market Overview
10.1.2 North America Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.1.3 North America Electric Hair Brush Market Breakdown by Product Type
10.1.3.1 North America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Product Type
10.1.4 North America Electric Hair Brush Market Breakdown by Category
10.1.4.1 North America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Category
10.1.5 North America Electric Hair Brush Market Breakdown by Distribution Channel
10.1.5.1 North America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 North America Electric Hair Brush Market Breakdown by Country
10.1.6.2 US Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.2.1 US Electric Hair Brush Market Breakdown by Product Type
10.1.6.2.2 US Electric Hair Brush Market Breakdown by Category
10.1.6.2.3 US Electric Hair Brush Market Breakdown by Distribution Channel
10.1.6.3 Canada Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.3.1 Canada Electric Hair Brush Market Breakdown by Product Type
10.1.6.3.2 Canada Electric Hair Brush Market Breakdown by Category
10.1.6.3.3 Canada Electric Hair Brush Market Breakdown by Distribution Channel
10.1.6.4 Mexico Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.4.1 Mexico Electric Hair Brush Market Breakdown by Product Type
10.1.6.4.2 Mexico Electric Hair Brush Market Breakdown by Category
10.1.6.4.3 Mexico Electric Hair Brush Market Breakdown by Distribution Channel
10.2 Europe
10.2.1 Europe Electric Hair Brush Market Overview
10.2.2 Europe Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.3 Europe Electric Hair Brush Market Breakdown by Product Type
10.2.3.1 Europe Electric Hair Brush Market Revenue and Forecasts and Analysis - By Product Type
10.2.4 Europe Electric Hair Brush Market Breakdown by Category
10.2.4.1 Europe Electric Hair Brush Market Revenue and Forecasts and Analysis - By Category
10.2.5 Europe Electric Hair Brush Market Breakdown by Distribution Channel
10.2.5.1 Europe Electric Hair Brush Market Revenue and Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Electric Hair Brush Market Revenue and Forecasts and Analysis - By Countries
10.2.6.1 Europe Electric Hair Brush Market Breakdown by Country
10.2.6.2 Germany Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.2.1 Germany Electric Hair Brush Market Breakdown by Product Type
10.2.6.2.2 Germany Electric Hair Brush Market Breakdown by Category
10.2.6.2.3 Germany Electric Hair Brush Market Breakdown by Distribution Channel
10.2.6.3 France Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.3.1 France Electric Hair Brush Market Breakdown by Product Type
10.2.6.3.2 France Electric Hair Brush Market Breakdown by Category
10.2.6.3.3 France Electric Hair Brush Market Breakdown by Distribution Channel
10.2.6.4 Italy Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.4.1 Italy Electric Hair Brush Market Breakdown by Product Type
10.2.6.4.2 Italy Electric Hair Brush Market Breakdown by Category
10.2.6.4.3 Italy Electric Hair Brush Market Breakdown by Distribution Channel
10.2.6.5 UK Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.5.1 UK Electric Hair Brush Market Breakdown by Product Type
10.2.6.5.2 UK Electric Hair Brush Market Breakdown by Category
10.2.6.5.3 UK Electric Hair Brush Market Breakdown by Distribution Channel
10.2.6.6 Russia Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.6.1 Russia Electric Hair Brush Market Breakdown by Product Type
10.2.6.6.2 Russia Electric Hair Brush Market Breakdown by Category
10.2.6.6.3 Russia Electric Hair Brush Market Breakdown by Distribution Channel
10.2.6.7 Rest of Europe Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.7.1 Rest of Europe Electric Hair Brush Market Breakdown by Product Type
10.2.6.7.2 Rest of Europe Electric Hair Brush Market Breakdown by Category
10.2.6.7.3 Rest of Europe Electric Hair Brush Market Breakdown by Distribution Channel
10.3 Asia Pacific
10.3.1 Asia Pacific Electric Hair Brush Market Overview
10.3.2 Asia Pacific Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.3 Asia Pacific Electric Hair Brush Market Breakdown by Product Type
10.3.3.1 Asia Pacific Electric Hair Brush Market Revenue and Forecasts and Analysis - By Product Type
10.3.4 Asia Pacific Electric Hair Brush Market Breakdown by Category
10.3.4.1 Asia Pacific Electric Hair Brush Market Revenue and Forecasts and Analysis - By Category
10.3.5 Asia Pacific Electric Hair Brush Market Breakdown by Distribution Channel
10.3.5.1 Asia Pacific Electric Hair Brush Market Revenue and Forecasts and Analysis - By Distribution Channel
10.3.6 Asia Pacific Electric Hair Brush Market Revenue and Forecasts and Analysis - By Countries
10.3.6.1 Asia Pacific Electric Hair Brush Market Breakdown by Country
10.3.6.2 Australia Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.2.1 Australia Electric Hair Brush Market Breakdown by Product Type
10.3.6.2.2 Australia Electric Hair Brush Market Breakdown by Category
10.3.6.2.3 Australia Electric Hair Brush Market Breakdown by Distribution Channel
10.3.6.3 China Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.3.1 China Electric Hair Brush Market Breakdown by Product Type
10.3.6.3.2 China Electric Hair Brush Market Breakdown by Category
10.3.6.3.3 China Electric Hair Brush Market Breakdown by Distribution Channel
10.3.6.4 India Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.4.1 India Electric Hair Brush Market Breakdown by Product Type
10.3.6.4.2 India Electric Hair Brush Market Breakdown by Category
10.3.6.4.3 India Electric Hair Brush Market Breakdown by Distribution Channel
10.3.6.5 Japan Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.5.1 Japan Electric Hair Brush Market Breakdown by Product Type
10.3.6.5.2 Japan Electric Hair Brush Market Breakdown by Category
10.3.6.5.3 Japan Electric Hair Brush Market Breakdown by Distribution Channel
10.3.6.6 South Korea Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.6.1 South Korea Electric Hair Brush Market Breakdown by Product Type
10.3.6.6.2 South Korea Electric Hair Brush Market Breakdown by Category
10.3.6.6.3 South Korea Electric Hair Brush Market Breakdown by Distribution Channel
10.3.6.7 Rest of Asia Pacific Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.7.1 Rest of Asia Pacific Electric Hair Brush Market Breakdown by Product Type
10.3.6.7.2 Rest of Asia Pacific Electric Hair Brush Market Breakdown by Category
10.3.6.7.3 Rest of Asia Pacific Electric Hair Brush Market Breakdown by Distribution Channel
10.4 Middle East and Africa
10.4.1 Middle East and Africa Electric Hair Brush Market Overview
10.4.2 Middle East and Africa Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.4.3 Middle East and Africa Electric Hair Brush Market Breakdown by Product Type
10.4.3.1 Middle East and Africa Electric Hair Brush Market Revenue and Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Electric Hair Brush Market Breakdown by Category
10.4.4.1 Middle East and Africa Electric Hair Brush Market Revenue and Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Electric Hair Brush Market Breakdown by Distribution Channel
10.4.5.1 Middle East and Africa Electric Hair Brush Market Revenue and Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Electric Hair Brush Market Revenue and Forecasts and Analysis - By Countries
10.4.6.1 Middle East and Africa Electric Hair Brush Market Breakdown by Country
10.4.6.2 South Africa Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.2.1 South Africa Electric Hair Brush Market Breakdown by Product Type
10.4.6.2.2 South Africa Electric Hair Brush Market Breakdown by Category
10.4.6.2.3 South Africa Electric Hair Brush Market Breakdown by Distribution Channel
10.4.6.3 Saudi Arabia Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.3.1 Saudi Arabia Electric Hair Brush Market Breakdown by Product Type
10.4.6.3.2 Saudi Arabia Electric Hair Brush Market Breakdown by Category
10.4.6.3.3 Saudi Arabia Electric Hair Brush Market Breakdown by Distribution Channel
10.4.6.4 UAE Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.4.1 UAE Electric Hair Brush Market Breakdown by Product Type
10.4.6.4.2 UAE Electric Hair Brush Market Breakdown by Category
10.4.6.4.3 UAE Electric Hair Brush Market Breakdown by Distribution Channel
10.4.6.5 Rest of Middle East and Africa Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.5.1 Rest of Middle East and Africa Electric Hair Brush Market Breakdown by Product Type
10.4.6.5.2 Rest of Middle East and Africa Electric Hair Brush Market Breakdown by Category
10.4.6.5.3 Rest of Middle East and Africa Electric Hair Brush Market Breakdown by Distribution Channel
10.5 South and Central America
10.5.1 South and Central America Electric Hair Brush Market Overview
10.5.2 South and Central America Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.5.3 South and Central America Electric Hair Brush Market Breakdown by Product Type
10.5.3.1 South and Central America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Product Type
10.5.4 South and Central America Electric Hair Brush Market Breakdown by Category
10.5.4.1 South and Central America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Category
10.5.5 South and Central America Electric Hair Brush Market Breakdown by Distribution Channel
10.5.5.1 South and Central America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Electric Hair Brush Market Revenue and Forecasts and Analysis - By Countries
10.5.6.1 South and Central America Electric Hair Brush Market Breakdown by Country
10.5.6.2 Brazil Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.2.1 Brazil Electric Hair Brush Market Breakdown by Product Type
10.5.6.2.2 Brazil Electric Hair Brush Market Breakdown by Category
10.5.6.2.3 Brazil Electric Hair Brush Market Breakdown by Distribution Channel
10.5.6.3 Argentina Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.3.1 Argentina Electric Hair Brush Market Breakdown by Product Type
10.5.6.3.2 Argentina Electric Hair Brush Market Breakdown by Category
10.5.6.3.3 Argentina Electric Hair Brush Market Breakdown by Distribution Channel
10.5.6.4 Rest of South and Central America Electric Hair Brush Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.4.1 Rest of South and Central America Electric Hair Brush Market Breakdown by Product Type
10.5.6.4.2 Rest of South and Central America Electric Hair Brush Market Breakdown by Category
10.5.6.4.3 Rest of South and Central America Electric Hair Brush Market Breakdown by Distribution Channel
11. Electric Hair Brush Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Industry Landscape
12.1 Overview
12.2 Expansion
12.3 New Product Development
12.4 Other Business Strategies
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning & Concentration
14. Company Profiles
14.1 Koninklijke Philips NV
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Revlon Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Vega Industries Pvt Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Drybar Products LLC
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Conair LLC
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Dafni Hair Products Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 L'ange Hair Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Apalus Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Rocket Commercial LLC
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Tre Milano LLC
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
List of Tables
Table 1. Electric Hair Brush Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. List of Manufacturers in Value Chain
Table 4. List of Retailers
Table 5. Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. Global Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 7. Global Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 8. Global Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 9. North America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 10. North America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 11. North America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 12. US Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 13. US Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 14. US Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 15. Canada Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 16. Canada Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 17. Canada Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 18. Mexico Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 19. Mexico Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 20. Mexico Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 21. Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 22. Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 23. Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 24. Germany Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 25. Germany Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 26. Germany Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 27. France Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 28. France Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 29. France Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 30. Italy Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 31. Italy Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 32. Italy Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 33. UK Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 34. UK Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 35. UK Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 36. Russia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 37. Russia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 38. Russia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 39. Rest of Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 40. Rest of Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 41. Rest of Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 42. Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 43. Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 44. Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 45. Australia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 46. Australia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 47. Australia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 48. China Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 49. China Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 50. China Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 51. India Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 52. India Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 53. India Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 54. Japan Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 55. Japan Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 56. Japan Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 57. South Korea Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 58. South Korea Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 59. South Korea Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 60. Rest of Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 61. Rest of Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 62. Rest of Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 63. Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 64. Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 65. Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 66. South Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 67. South Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 68. South Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 69. Saudi Arabia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 70. Saudi Arabia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 71. Saudi Arabia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 72. UAE Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 73. UAE Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 74. UAE Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 75. Rest of Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 76. Rest of Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 77. Rest of Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 78. South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 79. South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 80. South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 81. Brazil Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 82. Brazil Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 83. Brazil Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 84. Argentina Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 85. Argentina Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 86. Argentina Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 87. Rest of South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 88. Rest of South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 89. Rest of South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 90. Heat Map Analysis by Key Players
List of Figures
Figure 1. Electric Hair Brush Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Electric Hair Brush Market
Figure 4. Electric Hair Brush Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Global Electric Hair Brush Market Revenue (US$ Million), 2020 – 2030
Figure 7. Global Electric Hair Brush Market Share (%) – Product Type, 2022 and 2030
Figure 8. Round Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Flat Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Global Electric Hair Brush Market Share (%) –Category, 2022 and 2030
Figure 11. Men Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Women Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Unisex Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Global Electric Hair Brush Market Share (%) –Distribution Channel, 2022 and 2030
Figure 15. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Electric Hair Brush Market Breakdown by Geography, 2022 and 2030 (US$ Million)
Figure 20. North America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. North America Electric Hair Brush Market Breakdown by Product Type (2022 and 2030)
Figure 22. North America Electric Hair Brush Market Breakdown by Category (2022 and 2030)
Figure 23. North America Electric Hair Brush Market Breakdown by Distribution Channel (2022 and 2030)
Figure 24. North America Electric Hair Brush Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. US Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Canada Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Mexico Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Europe Electric Hair Brush Market Breakdown by Product Type (2022 and 2030)
Figure 30. Europe Electric Hair Brush Market Breakdown by Category (2022 and 2030)
Figure 31. Europe Electric Hair Brush Market Breakdown by Distribution Channel (2022 and 2030)
Figure 32. Europe Electric Hair Brush Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 33. Germany Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. France Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. Italy Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 36. UK Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. Russia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. Rest of Europe Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 40. Asia Pacific Electric Hair Brush Market Breakdown by Product Type (2022 and 2030)
Figure 41. Asia Pacific Electric Hair Brush Market Breakdown by Category (2022 and 2030)
Figure 42. Asia Pacific Electric Hair Brush Market Breakdown by Distribution Channel (2022 and 2030)
Figure 43. Asia Pacific Electric Hair Brush Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 44. Australia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 45. China Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 46. India Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 47. Japan Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 48. South Korea Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 49. Rest of Asia Pacific Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 50. Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 51. Middle East and Africa Electric Hair Brush Market Breakdown by Product Type (2022 and 2030)
Figure 52. Middle East and Africa Electric Hair Brush Market Breakdown by Category (2022 and 2030)
Figure 53. Middle East and Africa Electric Hair Brush Market Breakdown by Distribution Channel (2022 and 2030)
Figure 54. Middle East and Africa Electric Hair Brush Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 55. South Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 56. Saudi Arabia Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 57. UAE Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 58. Rest of Middle East and Africa Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 59. South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 60. South and Central America Electric Hair Brush Market Breakdown by Product Type (2022 and 2030)
Figure 61. South and Central America Electric Hair Brush Market Breakdown by Category (2022 and 2030)
Figure 62. South and Central America Electric Hair Brush Market Breakdown by Distribution Channel (2022 and 2030)
Figure 63. South and Central America Electric Hair Brush Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 64. Brazil Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 65. Argentina Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 66. Rest of South and Central America Electric Hair Brush Market Revenue and Forecasts To 2030 (US$ Million)
Figure 67. Pre & Post COVID-19 Impact: Electric Hair Brush Market
Figure 68. Company Positioning & Concentration
The List of Companies - Electric Hair Brush Market
- Koninklijke Philips NV
- Revlon Inc
- Vega Industries Pvt Ltd
- Drybar Products LLC
- Conair LLC
- Dafni Hair Products Ltd
- L’ange Hair Inc
- Apalus Inc
- Rocket Commercial LLC
- Tre Milano LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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