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Global Hairbrush Market Increased Sales By 2.72 Percent To $877.71 Million Worldwide In 2018
Friday, 08 May, 2020
A hairbrush is a stick brush with rigid or soft bristles used in hair care for smoothing, styling, and detangling human hair, or for grooming an animal's fur.

The modern hair brush is created in United States of America by Hugh Rock in 1854. It had both elastic wire teeth and natural bristles. With the development of material and industrial capacity, the hair brush develops more types for different types. The brush stick can have cushion, or be paddle or round. The materials of brush handles are various, including ebony, rosewood, new guinea rosewood, beech, abs plastic, polyacetal, etc., and the bristles also have many material resources, such as boar bristle, horsehair, nylon, stainless steel, and so forth.

Hair brush is a brush with hard or soft bristles used in hair handling to makes hair smooth and stylish. The users of hair brush are most women. As it is determined by current mainstream lifestyle, that most men have short hair. However, the marketing towards men is also increasing, which will imperceptibly influence the market.

Compared to 2017, Hairbrush market increased sales by 2.72 percent to $877.71 million worldwide in 2018 from $854.50 million in 2017. As a necessity to handle hair, the demand of hair brush is guaranteed. The global Hairbrush market size is estimated to grow from $ 904.28 million in 2019 to $ 957.03 million by 2024, at an estimated CAGR of 1.14% between 2019 and 2024. The global Hairbrush market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period. 

The market of Hairbrush is relatively fragmented. The world leading vendors in the market are The Wet Brush, which accounted the sales market share of 5.91% in 2018, followed by Conair, Denman, Tangle Teezer, GHD, Ibiza, Acca Kappa, Goody, Janeke, Braun, Kent Brushes, Philip B, Mason Pearson, YS Park, Knot Genie, Carpenter Tan, Aerin, Air Motion and Paul Mitchell. These Top 19 companies currently account for more than 29% of the total market share, in terms of revenue, and are expected to retain their dominating hold over the market during the forecast period.

Globally, 115712.8 K Pcs Hairbrush have been put into the market in the year 2018. In terms of consumption, Europe and the United States are the largest markets. Europe attributes close to 34.61% of the world sales, North America close to 28.28%, and China 13.72%. As the first order of developed countries, people have more fond and altitude towards lifestyles. Thus people cost more on hair care than other countries. The following markets are China and Japan, which have large scale of population, and capacity of labor oriented manufacturing.

Investment 

Despite the presence of competition problems, investors are still optimistic about this area, in future still more new investment will enter into the field. Design and popularity are two major problems.

Enter Barrier

Although sales of Hairbrush brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk enter this market.