Wig & Hairpiece Stores in the US - Industry Market Research Report
Description
Wig & Hairpiece Stores in the US
The Wig and Hairpiece Stores industry represents a niche product retailer within the haircare sector. Over the five years to 2023, industry revenue is projected to decrease at a CAGR of 1.0% to $631.7 million, including an increase of 0.7% in 2023 alone. The industry caters to two distinct consumer groups: individuals that purchase wigs and hairpieces for aesthetic purposes; and those that purchase cranial prothesis wigs, which are for people who have lost their hair due to a medical condition or treatment. As the economy has improved for most of the period, rising disposable income has encouraged consumers to invest in discretionary products, which, in turn, boosted demand for aesthetic wigs and hairpieces. Fewer individuals with private health insurance limited demand for the industry in 2021 and 2022. Rising wage and input costs have also led profit to decrease over the past five years.
This industry includes stores that primarily specialize in selling wigs, hairpieces and hair extensions for aesthetic and medical purposes. This industry does not include retailers that primarily provide wigs and hairpieces via electronic mediums.
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.
The Wig and Hairpiece Stores industry represents a niche product retailer within the haircare sector. Over the five years to 2023, industry revenue is projected to decrease at a CAGR of 1.0% to $631.7 million, including an increase of 0.7% in 2023 alone. The industry caters to two distinct consumer groups: individuals that purchase wigs and hairpieces for aesthetic purposes; and those that purchase cranial prothesis wigs, which are for people who have lost their hair due to a medical condition or treatment. As the economy has improved for most of the period, rising disposable income has encouraged consumers to invest in discretionary products, which, in turn, boosted demand for aesthetic wigs and hairpieces. Fewer individuals with private health insurance limited demand for the industry in 2021 and 2022. Rising wage and input costs have also led profit to decrease over the past five years.
This industry includes stores that primarily specialize in selling wigs, hairpieces and hair extensions for aesthetic and medical purposes. This industry does not include retailers that primarily provide wigs and hairpieces via electronic mediums.
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.
Table of Contents
38 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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