1 Different Types of Hair Accessories Market
Based on type, the hair accessories are primarily split into Clips & Pins, Headbands, Wigs & Extensions, Elastics & Ties, and Others.
Table Profile of Clips & Pins
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Clips and pins usually have teeth on one side, making them ideal for easily holding hair in place on your face. Functional hair clips are most commonly used in hair salons, where stylists use them when cutting or pressing hair. |
Table Profile of Headbands
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A headband is a clothing accessory worn over the hair or around the forehead, often to hold hair away from the face or eyes. Widely available elastic hair ties come with metal fasteners or come in regular elastic bands and are designed to be gentle on the hair while still providing a strong hold. |
Table Profile of Wigs & Extensions
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A wig is a head covering made of human hair, animal hair, or synthetic fibers. A wig is like a hat and can be easily put on or taken off. The advantage of wigs is that they are easy to care for and maintain and last a long time. Wigs may not look or feel as natural as hair extensions and may get a little hot in hot weather or humid climates. Hair extensions are typically made from human hair and attached to the consumer’s hair using a variety of methods, such as clips, tape, sewing, microlink extensions, and fusion extensions. One of the main advantages of hair extensions is that they look and feel like a person’s own natural hair. However, maintenance costs are high and hair extensions need to be re-extensioned every few months. |
Table Profile of Elastics & Ties
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Elastics and ties are round elastics used to hold long hair back, especially away from areas such as the face. This is often part of hairstyles such as braids, ponytails, buns, and African pompadours. Most hair ties are made from elastic, wool, rubber, or stretch cotton. |
2 Different Applications of Hair Accessories Market
Based on application, the hair accessories is primarily split into Department store, Supermarkets & Hypermarkets, General Stores, Online, and Others.
Table Profile of Department store
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A department store is a large-format retail business that sells a wide variety of products through multiple departments, such as apparel, jewelry, beauty, home furnishings, and toys. Each product category will have its designated area, and some stores offer concessions for other brands to establish their area within the shop and sell their merchandise to the customers of the store. Such an arrangement could be based on a rental agreement for this area or could be on a consignment basis. |
Table Profile of Supermarkets & Hypermarkets
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Supermarkets and hypermarkets are large retail establishments that are known as one-stop shops that cater to all the daily needs of consumers such as groceries, medicines, clothes, etc. |
Table Profile of General Stores
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General stores are retail stores located in small or rural communities that sell a variety of goods, including groceries. General stores are mostly located in densely populated and high-traffic areas, and modern general stores have seen a renaissance in the form of convenience stores. General stores are where consumers purchase the most hair accessories due to the convenience and easy availability of multiple brands. |
Table Profile of Online
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An online store is an e-commerce website or application where buyers can view a catalog of products or services and purchase them electronically. Types of online stores include local stores, individual sellers, single brands, and online retailers. |
3 Global Hair Accessories Market Sales Volume and CAGR Comparison by Type (2018 VS 2022 VS 2028)
The global Hair Accessories market has experienced significant growth across various product types from 2018 to 2028.
Clips & Pins have seen a notable increase, with sales rising from 2,794 million units in 2018 to an estimated 4,944 million units by 2028, boasting a CAGR of 6.69%. Headbands have also shown growth, from 743 million units in 2018 to a projected 1,090 million units in 2028, with a CAGR of 4.74%. Wigs & Extensions have demonstrated a strong upward trend, increasing from 1,219 million units in 2018 to 2,188 million units in 2028, reflecting a CAGR of 6.83%. Elastics & Ties have seen a steady rise, from 4,000 million units in 2018 to 6,365 million units in 2028, with a CAGR of 5.59%. The ‘Others’ category has exhibited the highest growth rate, from 716 million units in 2018 to 1,356 million units in 2028, with a CAGR of 7.37%.
Overall, the total market volume has expanded from 9,471 million units in 2018 to an expected 15,943 million units by 2028, indicating a healthy market with a CAGR of 6.18%. This growth underscores the diverse and expanding demand for Hair Accessories worldwide.
Table Global Hair Accessories Market Sales Volume (M Units) and CAGR Comparison by Type
| 2018 | 2022 | 2028 | CAGR (2022-2028) |
Clips & Pins | 2794 | 3352 | 4944 | 6.69% |
Headbands | 743 | 825 | 1090 | 4.74% |
Wigs & Extensions | 1219 | 1472 | 2188 | 6.83% |
Elastics & Ties | 4000 | 4592 | 6365 | 5.59% |
Others | 716 | 885 | 1356 | 7.37% |
Total | 9471 | 11127 | 15943 | 6.18% |
4 Hair Accessories Market Consumption (Sales Volume) Comparison by Application (2018 VS 2022 VS 2028)
Department Stores have seen a steady increase from 752 million units in 2018 to 1,213 million units in 2028, with a CAGR of 6.55%. Supermarkets & Hypermarkets have also experienced growth, rising from 1,625 million units to 2,487 million units over the same period, at a CAGR of 5.45%. General Stores have shown a consistent rise, with sales increasing from 5,065 million units to 8,013 million units, reflecting a CAGR of 5.40%. The Online sector has demonstrated the most robust growth, with sales jumping from 1,510 million units in 2018 to 3,413 million units in 2028, and a CAGR of 8.84%. The ‘Others’ category has also seen an increase, from 519 million units to 816 million units, with a CAGR of 5.55%.
Overall, the total market consumption has expanded from 9,471 million units in 2018 to an expected 15,943 million units by 2028, indicating a CAGR of 6.18%. This growth underscores the diverse and expanding demand for Hair Accessories, with a particularly strong performance in the Online sector, reflecting the increasing trend of online shopping.
Table Hair Accessories Market Consumption (Sales Volume) (M Units) Comparison by Application (2018 VS 2022 VS 2028)
| 2018 | 2022 | 2028 | CAGR (2022-2028) |
Department store | 752 | 829 | 1213 | 6.55% |
Supermarkets & Hypermarkets | 1625 | 1809 | 2487 | 5.45% |
General Stores | 5065 | 5846 | 8013 | 5.40% |
Online | 1510 | 2053 | 3413 | 8.84% |
Others | 519 | 590 | 816 | 5.55% |
Total | 9471 | 11127 | 15943 | 6.18% |
5 Global Hair Accessories Market Price by Type
The Clips & Pins price has remained relatively stable, with a slight increase from $1.83 in 2018 to $1.86 in 2023.
The Headbands have had a modest increase in price, starting at $1.96 in 2018 and reaching $1.99 in 2023.
The Wigs & Extensions category has seen a slight fluctuation, with prices ranging from $4.66 in 2018 to $4.72 in 2023.
The Elastics & Ties price has shown a slight decrease, from $1.68 in 2018 to $1.67 in 2023.
Overall, the Average Price across all types has been relatively stable, with a slight increase from $2.16 in 2018 to $2.19 in 2023. This indicates that while some product types have seen price adjustments, the overall market has maintained a consistent pricing structure over the years.
Table Hair Accessories Price (USD/Unit) by Type (2018-2023)
By Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Clips & Pins | 1.83 | 1.82 | 1.83 | 1.86 | 1.87 | 1.86 |
Headbands | 1.96 | 1.96 | 1.96 | 1.99 | 2.01 | 1.99 |
Wigs & Extensions | 4.66 | 4.65 | 4.66 | 4.73 | 4.77 | 4.72 |
Elastics & Ties | 1.68 | 1.67 | 1.67 | 1.69 | 1.69 | 1.67 |
Others | 2.03 | 2.02 | 2.03 | 2.06 | 2.08 | 2.06 |
Average | 2.16 | 2.15 | 2.16 | 2.19 | 2.21 | 2.19 |
6 Global Hair Accessories Revenue Market Share by Type in 2022
In 2022, the global Hair Accessories market showcased a diverse distribution of revenue across different product types. Elastics & Ties led the market with the largest share, accounting for 31.64% of the total revenue, followed by Clips & Pins, which held a significant 25.55%. Wigs & Extensions also had a substantial presence, comprising 28.57% of the market. Headbands, while less dominant, still contributed a notable 6.75%. The remaining types, categorized as ‘Others’, made up the smallest portion at 7.48%. This distribution underscores the market’s diversity and the popularity of Elastics & Ties and Clips & Pins among consumers, with Wigs & Extensions also holding a considerable share. The ‘Others’ category, though the least significant, is still an important part of the market’s overall makeup.
Figure Global Hair Accessories Revenue Market Share by Type in 2022
