Mannequin Head Market: Current Analysis and Forecast (2023-2030)

Report Description

Mannequin Head Market Size and Forecast

The mannequin head market was valued at USD 1037.45 Million and is expected to grow at a strong CAGR of around 5.6% during the forecast period (2023-2030) owing to rising disposable income.

Mannequin Head Market Analysis

Rising disposable income significantly impacts various markets around the world, including the mannequin head market. A mannequin head is a crucial tool used in various industries, such as beauty, fashion, and retail, for displaying wigs, hats, jewelry, makeup, and other products. As disposable income levels increase, individuals tend to spend more on products and services, leading to a surge in demand for mannequin heads. In this article, we explore how rising disposable income serves as a driver for the mannequin head market, analyzing its impact, trends, and potential future growth. One of the primary factors driving the demand for mannequin heads is the growing disposable income levels across different countries. Disposable income refers to the amount of money that households have available for spending and saving after paying taxes. As disposable income rises, individuals have more money to spend on discretionary items, such as fashion accessories, cosmetics, and beauty products. This increased purchasing power propels the demand for mannequin heads in various industries, as businesses strive to attract customers with visually appealing displays and presentations.

Some of the major players operating in the market are Sam Villa; GenesisDisplay GmbH; Exalto Professionnel; HairArt Int’l Inc.; BOMBAY HAIR; Simply Manikins; Milano Collection Wigs; Giell.com; Mondo Mannequins; and LA ROSA. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Mannequin Head Market Trends

“Amongst target group, the infants and toddlers segment to grow with high CAGR during the forecast period”

Based on target group, the market is categorized into adult, children, infants & toddlers. The infants and toddlers segment in the mannequin head market has witnessed significant growth in recent years. The driving factors behind the growth of this segment can be attributed to several factors. Firstly, there has been a rising demand for specialized hair care services for children, as parents and guardians increasingly prioritize their grooming needs. This has resulted in a greater need for hairstylists to have access to mannequin heads specifically designed to mimic the texture, thickness, and other characteristics of infants’ and toddlers’ hair. Moreover, these mannequin heads provide a realistic experience for hairstylists, enabling them to practice various techniques, such as detangling, braiding, and cutting, on hair that closely resembles that of infants and toddlers. This hands-on experience helps professionals gain confidence and refine their skills before working with actual children.

“Amongst application, the on site category to held dominant share of the market in 2022”

On the basis of application, the market is segmented into hairstyling & barbering, makeup artistry, wig & hairpiece design, and hat & accessories. The hairstyling and barbering segment within the mannequin head market is a thriving industry that has gained significant momentum in recent years. Firstly, the growing number of individuals pursuing careers in hairstyling and barbering has fueled the demand for high-quality training aids such as mannequin heads. Aspiring hair professionals require practical experience and skill development, and mannequin heads provide them with an opportunity to practice various techniques and styles without having to rely solely on human models. According to government statistics, the hairstyling and barbering segment has experienced a steady rise in employment opportunities. Data from the Ministry of Labor indicates that the number of licensed hairstylists and barbers has increased by 15% in the past two years. This trend reflects the growing demand for skilled professionals in this sector, highlighting the need for effective training aids like mannequin heads.

“Asia Pacific to grow with high CAGR during forecast period”

The Asia Pacific mannequin head market has experienced significant growth in recent years due to several driving factors. According to data from the Ministry of Commerce of the People’s Republic of China, the demand for mannequin heads in the region has been fueled by the booming retail sector and the expanding fashion industry. As countries in the Asia Pacific region continue to witness a rise in disposable income and urbanization, there has been a surge in the number of retail stores, fashion boutiques, and malls, which in turn has led to an increased demand for mannequin heads for visual merchandising and display purposes. Furthermore, the rising popularity of e-commerce platforms in the region has also contributed to the growth of the mannequin head market. With a growing number of online fashion retailers, there is a need for high-quality product images and attractive displays. Mannequin heads play a crucial role in showcasing products effectively and attracting customers to make online purchases.

Mannequin Head Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global mannequin head market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Mannequin Head Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global mannequin head market were the three major steps undertaken to create and analyze the adoption of mannequin head in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global mannequin head market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the mannequin head market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the mannequin head market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as target group and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the mannequin head market. Further, we conducted factor analysis using dependent and independent variables such as target group and application of the mannequin head market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the mannequin head market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global mannequin head market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the mannequin head market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global mannequin head market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global mannequin head market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the target group and application in the global mannequin head market.

The main objective of the Global Mannequin Head Market Study

The current & future market trends of the global mannequin head market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the mannequin head market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the target group and application
• Define and analysis of the regulatory framework for the mannequin head industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the mannequin head market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the mannequin head market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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