Electric Shavers Market Size by Product, Distribution Channel, End-User and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Electric Shavers Market was valued USD 17.30 Bn in 2023 and is expected to reach USD 23.26 Bn by 2030, at a CAGR of 4.32% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Electric Shavers Market Dynamics:
Rising fashion trends and beauty consciousness regarding personal appearance among both men and women has increased the use of electric shavers among individuals as well as hairdressers at hairdressing establishments. The availability of technologically advanced and quality electric shavers like those with turbo and multi-blade precision units for faster and neat shave through dense hair is anticipated to drive market demand throughout the forecast period. Further, increasing economy, growth in population and rise in disposable income boost the demand for the same. The electric shavers are majorly used in the parlors and salons thus, rising its demand in the global market. However, global electric shavers’ market is relatively matured and has been plagued by lack of product differentiation. This is resulting in price conflicts among manufacturers in the region, leading to profit crunching. Thus, lack of product differentiation is identified as one of the biggest challenges to the growth of electric shavers market.
The electric shavers market is segmented by product type, in terms of revenue, the clippers segment dominated the overall market in 2023. Basically, the clippers are used for the trimming of the facial hair. They are the suitable alternatives for the scissors. Thus, they are majorly used in the salons and parlors, hence increasing its demand in global market. Electric shavers have a huge demand due to the increasing inclination of the consumers for automation. The increasing populations that use this product, and increasing promotion of the product with the help of marketing technologies and advertisements are also a key factor that is affecting the market positively. Furthermore, due to cheaper price of clippers than other types of shavers, their demand is currently higher than other segments in the market. Besides this, electric shavers market also witnessing the considerable demand for rotary and foil shavers.
The global electric shavers market is marked by intense competition from the major players operating in this market. Strategic mergers and acquisitions, joint ventures and partnerships, and product innovations are some of the key strategies adopted by these players to strengthen their position in the market.
Electric Shavers Market Regional Insights:
Geographically, increasing beauty consciousness among women and men is one of the main reasons, which lead to drive the electric shaver market in Asia Pacific region. Rising economy, increasing in disposable income level and large population in China and India offers massive market potential for the significant growth of electric shaver market in Asia Pacific region. Various product innovation related to style, long life, less maintenance cost and easy to handle are some of the key issues which further helps to boost the electric shaver market in North America and European region. An independent study conducted some years ago stated that almost 80 million American men used plastic disposable razors that were responsible for approx. 35 million cubic feet of toxic waste every year.
The report on the electric shavers market will helps to decision maker as comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electric shavers market over the period of 2024 to 2030.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global electric shavers market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global electric shavers market.
Electric Shavers Market, Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global market are also profiled.
Electric Shavers Market Scope: Inquire before buying
| Electric Shavers Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 17.30 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.32% | Market Size in 2030: | USD 23.26 Bn. |
| Segments Covered: | by Product | Foil Shavers Rotary Shavers Wet/Dry Shavers Accessories Clippers |
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| by Distribution Channel | Health and Beauty Stores General Merchandising/Mass Stores Super Markets and Hyper Markets Others |
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| by End User | Male Female |
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Electric Shavers Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Electric Shavers Market, Key Players are:
1. Conair Corporation
2. Helen of Troy Limited
3. Philips Electronics N.V.
4. The Procter & Gamble Company
5. Braun GmbH.
6. Remington Products Company
7. Eltron Company
8. Izumi Products Company
9. BaByliss
10.Koninklijke
11.Panasonic Corporation
12.The Gillette Company
13.Spectrum Brands Holdings Inc.
14.Wahl Clipper Corporation
15.SHAVERS ELECTRIC LLC
16.Havells India Ltd.
17.Clean Shave
18.Bic
19.MANGROOMER
20.Andis Company
Frequently Asked Questions:
1. Which region has the largest share in Global Electric Shavers Market?
Ans: Asia Pacific region holds the highest share in 2023.
2. What is the growth rate of Global Electric Shavers Market?
Ans: The Global Electric Shavers Market is growing at a CAGR of 4.32% during forecasting period 2024-2030.
3. What is scope of the Global Electric Shavers Market report?
Ans: Global Electric Shavers Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Electric Shavers Market?
Ans: The important key players in the Global Electric Shavers Market are – Conair Corporation, Helen of Troy Limited, Philips Electronics N.V., The Procter & Gamble Company, Braun GmbH., Remington Products Company, Eltron Company, Izumi Products Company, BaByliss, Koninklijke, Panasonic Corporation, The Gillette Company, Spectrum Brands Holdings Inc., Wahl Clipper Corporation, SHAVERS ELECTRIC LLC, Havells India Ltd., Clean Shave, Bic, MANGROOMER, Andis Company.
5. What is the study period of this market?
Ans: The Global Electric Shavers Market is studied from 2023 to 2030.