20 Best Hair Dryers Under $50

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In this article, we’ll take a detailed look at the 20 Best Hair Dryers Under $50. We’ll discuss the trends in the hair dryer industry and the top players dominating the hair dryer market. To skip the detailed analysis and have a quick overview of the top 5, read 5 Best Hair Dryers Under $50.

According to a report by Fortune Business Insights, the global hair dryer market size was valued at $8.54 billion in 2022, and it is expected to grow from $9.01 billion in 2023 to $13.42 billion by 2030, at a compound annual growth rate (CAGR) of 5.87% during this period?. The report also reveals that Europe led the global hair dryer market in 2022, holding a dominant share of 34.30%, amounting to $2.93 billion.

The growth of online shopping has made it easier for people to buy hair dryers, allowing companies to sell their products to more customers than just those who shop in stores.  This online presence is crucial in today's market, as consumers look at online reviews and comparisons when making purchasing decisions.

As a result, the e-commerce market of hair dryers in the USA alone is projected to reach $3,021.1 million in 2023, accounting for 33.6% of the online personal care appliances market in the country. The market is anticipated to grow further, with a compound annual growth rate (CAGR) of 11.4% expected from 2023 to 2027. This growth could increase the market volume to approximately $4,647.0 million by 2027.

The growing hair dryer market is mainly influenced by its leading brands, including Conair Corporation, Revlon, Panasonic Holdings Corp (TSE:PC), Koninklijke Philips NV (NYSE:PHG), and Dyson.

Conair and Revlon, for example, have long been a staple in the hair dryer market. Both have maintained a strong presence in the industry, known for offering a wide range of affordable and innovative hair styling tools. Their hair dryers are known for their blend of efficiency and style, making them a popular choice in the beauty and personal care market. Their products are among the most famous on online marketplaces like Amazon due to their affordability, and most have made it to our list of best hair dryers under $50.

Panasonic Holdings Corp (TSE:PC) is another key player in the hair dryer market. Panasonic’s hair dryers are celebrated for their technological innovation, combining traditional drying methods with advanced features like nanoe technology for hair health. The company’s overall financial performance reflects its strong position in the broader personal care and consumer electronics markets. For instance, for its FY2024 Q2, Panasonic Holdings Corp (TSE:PC) reported a net profit of ¥297,965 million compared to ¥115,987 million a year ago, a year-over-year increase of 156.9%. The current market cap of ¥3.91 trillion shows Panasonic Holdings Corp (TSE:PC)’s stronghold in the industry.