Report : North America Hair Extensions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Tape-in, Fusion and Pre-bonded, Clip-in, and Others), Source (Human Hair, and Synthetic), End User (Men, and Women)
Human Hair Segment to Dominate North America Hair Extensions Market during 2021-2028
According to a new market research study on “North America Hair Extensions Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product Type, Source, End-User and Country,” is expected to reach US$ 1,679.35 million by 2028 from US$ 1,311.99 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the North America hair extensions market along with the drivers and restraints pertaining to the market growth. Rise in adoption of self-grooming products and increase in disposable income and change in living standards of middle-class population are the major factors driving the growth of the North America hair extensions market. However, the unethical practices in hair industry may hinder the growth of North America hair extensions market.
In case of COVID-19, North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hair extensions manufacturing activities. Downfall of other consumer goods manufacturing sectors has subsequently impacted the demand for hair extensions during the early months of 2020. Moreover, decline in the overall entertainment & fashion products manufacturing activities has led to discontinuation of hair extensions manufacturing projects, thereby reducing the demand for hair extensions. Similar trend was witnessed in other North American countries such as Mexico, Canada, Panama, and Costa Rica. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for North America hair extensions is segmented into product type, source, end-user and country. Based on product type, the market is segmented into tape-in, fusion and pre-bonded, clip-in, and others. In 2020, the clip-in segment held the largest share in North America hair extensions market. Based on source, the North America hair extensions is bifurcated into human hair and synthetic. The human hair segment is expected to be the fastest growing segment over the forecast period. Based on end-user, the North America hair extensions is broken into men and women. In 2020, the women segment held the largest share in North America hair extensions market. Furthermore, in this present scenario of COVID 19 pandemic, the North America hair extensions market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for hair extensions.
Great Lengths Universal Hair Extensions S.p.A., Balmain Paris Hair Couture, Easihair Pro, Klix Hair Extensions, Locks & Bonds, Anhui Jinruixiang Hair Products Co., Ltd., Evergreen Product Group Limited, SO.CAP.USA, Barclaywolf Hair Extensions and Cinderella Hair Extension are some of the leading companies in the North America hair extensions market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the North America Hair Extensions market as follows:
- Fusion and Pre-bonded
- Human Hair
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