The Wig and Hairpiece Manufacturing industry has experienced volatility over the past five years, as a recovery from the recession was cut short by an influx of imports, particularly from China and Indonesia. Competition from manufacturers in countries with low labor costs has limited growth for domestic wig and hairpiece producers even as demand for these products has been on the rise. Consequently, the majority of new industry entrants over the past five years have focused on providing higher-margin custom products that are less exposed to competition from inexpensive imports. The fierce international competition in the industry is expected to continue unabated in the next five years; nevertheless, improving economic conditions will lift industry revenue somewhat by boosting consumer spending on discretionary cosmetic products.
This industry manufactures wigs and hairpieces for both aesthetic and medical purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.