May 22, 2024

Curling Irons Market is Estimated to Witness High Growth Owing to Increased Demand for Advanced Precision Curling Technology

The curling irons market has witnessed significant growth over the past few years owing to the increased demand from hair salons and individual consumers for hassle-free and quick curling solutions. Curling irons provide an easy way to curl or wave hair styles in less time compared to traditional methods. Modern curling irons are ergonomically designed for ease of use and come equipped with advanced precision curling technology such as tourmaline-infused barrels, negative ion technology, and unique barrel shapes for versatile styling options.

The Global curling irons market is estimated to be valued at US$ 1.49 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in The Curling Irons Market are Lockheed Martin, Northrop Grumman, Analytical Graphics, ExoAnalytic Solutions, Schafer, Etamax Space, Vision Engineering Solutions, Applied Defense Solutions, Spire Global, Harris.

The key opportunities in the curling irons market include continuous technological advancements to integrate smart and app-enabled features for precision and customized styling. There is also an opportunity to expand the product portfolio by launching multi-functional curling wands and irons that can straighten and curl hair.

The increasing demand for advanced precision curling technology such as tourmaline-infused barrels and negative ion technology is expected to drive the growth of the curling irons market over the forecast period. This technology helps to lock in moisture, reduce frizz, and provide long-lasting curls.

Market Drivers

One of the key drivers for the curling irons market is the rising working women population globally. Modern women are more brand and style conscious who spend significantly on hair and beauty products including styling tools like curling irons. This has increased the demand for innovative, high-quality yet affordable curling irons suitable for daily use.

Current Challenges in Curling Irons Market
The curling irons market is facing various challenges like fluctuation in prices of raw materials and supply chain disruptions due to lockdowns imposed in various parts of the world during the pandemic. The prices of materials used for manufacturing curling irons like ceramics, metals, plastics etc. are volatile in nature. The supply chain was severely impacted during the lockdowns leading to slow down in productions. Another challenge is increasing competition from counterfeit and low quality products available at cheaper prices. This affects sale of established brands. Innovation in product offerings at affordable price points remains a key challenge forexisting players.

SWOT Analysis
Strength: Curling irons are easy to use hair styling tools. They allow creating curls and waves with quick heating capability.
Weakness: Prolonged use can damage hair due to high temperatures. Chance of accidental burns while using.
Opportunity: Growing demand for styling products that add volume and texture to hair. Innovations in ceramic and tourmaline coated barrel technologies.
Threats: Alternative heating tools like hair dryers and straighteners eat into market share. Unorganized sector selling low quality products.

Geographical Regions
North America accounts for the major share in terms of value in curling irons market currently. This is attributed to high per capita spending on hair and beauty products. Changing fashion trends favoring voluminous curls and waves also drive the market.

Asia Pacific is expected to witness the fastest growth during the forecast period. Rapid urbanization, rising income levels, increasing focus on personal grooming will fuel market growth in countries like India and China. Large population, growing working women segment presents enormous opportunities.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it