Hair Wig Market Scope and Analysis by 2030
Hair Wig Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3.66 Billion |
Market Size by 2030 | US$ 5.11 Billion |
Global CAGR (2022 - 2030) | 4.3% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COVID-19 Impact:
After the COVID-19 pandemic, the hair wig market started to recover gradually. During the pandemic, isolation and work-from-home measures led many to focus on self-care and personal grooming. In addition, stress and lifestyle changes during the pandemic led to increased hair loss or damage, which propelled the demand for hair wigs. Moreover, as the economic situation has improved, the demand for hair wigs and other beauty accessories increased, thereby positively influencing the hair wigs market outlook.
The increasing shift toward online shopping since the COVID-19 pandemic fueled the adoption of e-commerce as customers who became accustomed to the convenience of purchasing hair wigs online have continued to do so. Additionally, many influencers and celebrities openly endorsed the use of wigs, which sparked interest among their admirers and increased demand for hair wigs.
Competitive Landscape and Key Companies:
Evergreen Products Group Ltd, HairUWear Inc, Henan Ruimei products Co Ltd, Artnature Co Ltd, Shake-N-Go Inc, Aleriana SRL, Lordhair Co Ltd, Papillon Hair World, UniWigs Inc, and Indique Hair LLC are among the prominent players operating in the global hair wig market. These hair wig manufacturers offer cutting-edge hair wigs with innovative features to deliver a superior experience to the consumers.