GITNUX MARKETDATA REPORT 2024

Wig Installation Duration Statistics

The average duration for wig installation is 2 to 3 hours.

With sources from: fortunebusinessinsights.com, bloomberg.com, ibisworld.com, grandviewresearch.com and many more

Statistic 1

The global market size of wigs and hair extensions is $5.3 billion in 2019, Source:

Statistic 2

The wig market is expected to grow at a CAGR of 9.2% from 2021 to 2028, Source:

Statistic 3

The US wig and hairpiece stores industry has annual revenue of $346 million in 2019, Source:

Statistic 4

There are 2,508 businesses in the US wig and hairpiece stores industry, Source:

Statistic 5

The top 50 companies in the wig and hairpiece stores industry hold 87.2% of the market share, Source:

Statistic 6

The global market size of wigs and hair extensions for men is expected to reach $600.4 million by 2025, Source:

Statistic 7

The global market size of lace wigs is expected to reach $392.8 million by 2027, Source:

Statistic 8

Wig and hairpiece stores in the US saw a 2.4% increase in revenue in 2021, Source:

Statistic 9

Synthetic hair is the largest product category in the global wig market, accounting for more than half of the revenue in 2020, Source:

Statistic 10

The market size of the wigs in the US is forecast to increase 2.3% in 2022, Source:

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In this post, we explore key statistics surrounding the global wig and hairpiece industry, shedding light on market sizes, revenue figures, and growth projections. From the substantial market value to the distribution of market share among top companies, these statistics provide a comprehensive overview of the industry landscape.

Statistic 1

"The global market size of wigs and hair extensions is $5.3 billion in 2019, Source:"

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Statistic 2

"The wig market is expected to grow at a CAGR of 9.2% from 2021 to 2028, Source:"

Sources Icon

Statistic 3

"The US wig and hairpiece stores industry has annual revenue of $346 million in 2019, Source:"

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Statistic 4

"There are 2,508 businesses in the US wig and hairpiece stores industry, Source:"

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Statistic 5

"The top 50 companies in the wig and hairpiece stores industry hold 87.2% of the market share, Source:"

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Statistic 6

"The global market size of wigs and hair extensions for men is expected to reach $600.4 million by 2025, Source:"

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Statistic 7

"The global market size of lace wigs is expected to reach $392.8 million by 2027, Source:"

Sources Icon

Statistic 8

"Wig and hairpiece stores in the US saw a 2.4% increase in revenue in 2021, Source:"

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Statistic 9

"Synthetic hair is the largest product category in the global wig market, accounting for more than half of the revenue in 2020, Source:"

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Statistic 10

"The market size of the wigs in the US is forecast to increase 2.3% in 2022, Source:"

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Interpretation

The statistics presented indicate a strong and growing market for wigs and hairpieces, both globally and in the US. With significant market sizes, forecasted growth rates, and industry revenue figures, it's clear that the demand for wigs is substantial and diverse. The dominance of synthetic hair products, the concentration of market share among top companies, and the projected increase in market sizes for specific types of wigs all point towards a dynamic industry poised for further expansion and innovation in the coming years.

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