Market Insights Consumer Household Appliances Small Appliances

Hair Dryers - G7

In 2024, the revenue in the Hair Dryers market reaches an impressive amount of US$1.32bn.
According to market projections, this segment is expected to witness an annual growth rate of 3.40%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared globally, in China emerges as the frontrunner in generating revenue in the Hair Dryers market, with an estimated revenue of US$1,912m in 2024.
Examining the revenue on a per household basis, each household is estimated to generate US$4.05 in revenue in 2024.
Looking ahead to 2029, the volume in the Hair Dryers market is projected to reach 41.8m pieces units.
However, there is a slight decline in volume growth expected in 2025, with a rate of -0.3%.
On average, each household is anticipated to have a volume of 0.13pieces units in the Hair Dryers market in 2024.
These figures provide valuable insights into the market performance of the Hair Dryers market, particularly within the context of the G7 country.
In the United States, the increasing demand for high-tech hair dryers with advanced features is driving the growth of the hair dryer market.

Key regions: Germany, Indonesia, China, Worldwide, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.