The hair wigs and extension market is estimated to grow by USD 5.26 billionbetween 2021 and 2026. The growth momentum will be progressing at a CAGR of 9.82% during the forecast period. The market is segmented by product (human hair wigs and extension and synthetic hair wigs and extension) and geography (APAC, North America, Middle East and Africa, Europe, and South America).
The market growth in the human hair wigs and extension segment will be significant during the forecast period. Human hair wigs and extension provide better product quality and longevity compared to synthetic hair wigs and extension. The increased demand for ethically sourced human hair wigs and extension in European countries is expected to drive the growth of the segment during the forecast period.
Technological advances in the production and design of synthetic hair wigs and extension will drive the growth of the market. There have been significant improvements in terms of the aesthetics and design of synthetic hair wigs and extensions. Advanced fiber selection and design have made these wigs and extension lighter. They can also be styled using heating styling tools, offering better maneuverability to the user. In addition, these wigs and extension are available in a wide variety of colors. They are also cost-effective. Many such factors are driving the growth of the market in focus.
Hair Wigs and Extension Market Insights –
- Vendors: 15+, including Aderans Co. Ltd., Artnature Inc., Diamond Hair Company LLC, Diva Divine Hair Extensions and Wigs, Donna Bella OpCo LLC, Evergreen Products Group Ltd., F.N. Longlocks, Great Lengths Universal Hair Extensions Srl, Hairlocs, HALOCOUTURE, India Hair International, Indique Hair LLC, Klix Hair Inc., Locks and Bonds, Papillon Hair World, Racoon International Ltd., Shandong AY Hair Products Co. Ltd., Sheen Wigs and Salon, The Gorgeous Hair, VLCC International LLC, among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: Product (Human hair wigs and extension and Synthetic hair wigs and extension) and geography (APAC, North America, Middle East and Africa, Europe, and South America)
Global Hair Wigs and Extension Market – Vendor Insights
The global hair wigs and extension market is fragmented due to the presence of several
international and domestic players. Established vendors have a competitive advantage owing to their scale of operations and brand name. With increased consumer spending on premium hair wigs and extensions, the competition among vendors is increasing. This is leading to the launch of customized and innovative offerings. The compliance costs are low owing to minimal regulations. However, the capital-intensive nature of the market makes it difficult for new players to sustain themselves in the market. In addition, vendors are implementing various strategies such as new product launches and M&A to increase their market shares. Some of the key vendors covered in the report include:- Artnature Inc. – The company offers hair wigs such as tailor-made wigs and custom-made wigs.
- Donna Bella OpCo LLC – The company offers hair wigs and extension products such as I-Link, Kera-Link, and Tape-In.
- F.N. Longlocks – The company offers hair extension products such as Color 4 30 Tape In Hair Extensions, Color 6 Tape In Hair Extensions, and Color 8 Tape In Hair Extensions.
- Great Lengths Universal Hair Extensions Srl – The company offers hair extension products such as GL ULTRASONIC TOUCH and GL 3200.
- Aderans Co. Ltd.
- Diamond Hair Company LLC
- Diva Divine Hair Extensions and Wigs
- Evergreen Products Group Ltd.
- Hairlocs
- HALOCOUTURE
- India Hair International
- Indique Hair LLC
- Klix Hair Inc.
- Locks and Bonds
- Papillon Hair World
- Racoon International Ltd.
- Shandong AY Hair Products Co. Ltd.
- Sheen Wigs and Salon
- The Gorgeous Hair
- VLCC International LLC