The Hair Accessories market has experienced growth in value of around 6.5% since 2009, reaching over $2 billion in 2014. The Hair Accessories market is expected to grow at a CAGR of 6.4% between 2015 and 2020, reaching $3 billion by 2020.
Hair accessories are used for aesthetic purposes or to meet specific needs. Hair accessories include clips, bows, headbands, barrettes, ponytail holders, scrunchies, and combs. Headbands are the most popular Hair Accessory worn by women across the globe. Hair ties are used to tie up the hair into a ponytail or messy bun. Hairpins are used for decoration purposes in different styles. Hairpieces are mainly worn to cover up balding spots. Hair accessories offer personalized styling along with better comfort and safety than other products available in the market. Depending on the occasion, you can use them for various styles like casual, formal, party, or sports. Hair accessories are fashion accessories that add beauty to a woman’s hair and make it more appealing. Hair Accessories can be worn for any age group from babies, teens to adults. Hairpins give a unique touch to hairstyles with simple styling. Hair ties and hair bows allow extra-long hair to be pulled up into a high ponytail or bun without falling out, which is an attractive style for pre-teen and teenage girls.
Hair accessories and hairbands come in a variety of shapes, sizes, and materials. Some are more appropriate for certain styles than others. It’s important to know what you need before shopping so that you don’t end up with an unusable product.