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on July 26, 2024
Anticipated Growth in Revenue:
Electric Shavers Market was valued US$ 16.59 Bn in 2022 and is expected to reach US$ 22.31 Bn by 2029, at a CAGR of 4.32% during a forecast period.
Electric Shavers Market Report Overview
The Electric Shavers market, valued at US$ 16.59 billion in 2022, has witnessed substantial growth due to increasing consumer preference for convenience and advanced grooming solutions. Electric shavers, known for their ease of use and efficiency, have become essential grooming tools for both men and women. The market is poised to reach US$ 22.31 billion by 2029, growing at a CAGR of 4.32% during the forecast period. This growth is driven by technological advancements, rising disposable incomes, and changing lifestyle trends that emphasize personal grooming and hygiene.
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Report Scope and Research Methodology
This report provides a comprehensive analysis of the electric shavers market, covering various segments such as product types, end-users, distribution channels, and regions. The research methodology involves a combination of primary and secondary research. Primary research includes interviews with industry experts, manufacturers, and distributors, while secondary research involves the analysis of industry reports, company websites, and relevant publications. The data is triangulated to ensure accuracy and reliability, offering a holistic view of the market dynamics and trends.
Electric Shavers Market Dynamics
Several factors drive the growth of the electric shavers market. One of the primary drivers is the increasing awareness of personal grooming and hygiene, particularly among the younger population. The rise of social media and the influence of celebrities have significantly impacted grooming habits, encouraging consumers to invest in high-quality grooming products.
Technological advancements in electric shavers, such as the introduction of waterproof and cordless models, have also fueled market growth. Innovations like self-cleaning systems, skin sensors, and advanced blade technologies enhance the user experience, making electric shavers more appealing.
Moreover, the convenience offered by electric shavers compared to traditional razors is a significant factor contributing to their popularity. Electric shavers provide a quick and efficient shaving experience, reducing the time and effort required for grooming. This convenience is particularly appealing to busy professionals and individuals leading fast-paced lifestyles.
Electric Shavers Market Segmentation
by Product
Foil Shavers
Rotary Shavers
Wet/Dry Shavers
Accessories
Clippers
by Distribution Channel
Health and Beauty Stores
General Merchandising/Mass Stores
Super Markets and Hyper Markets
Others
by End User
Male
Female
Electric Shavers Market Key Players
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
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Electric Shavers Market Regional Insights
The electric shavers market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
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North America: North America holds a significant share of the market, driven by high disposable incomes, advanced technology adoption, and a strong emphasis on personal grooming. The presence of leading manufacturers and widespread awareness of grooming products contribute to market growth in this region.
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Europe: Europe is another major market for electric shavers, with countries like Germany, the UK, and France leading in terms of demand. The region’s focus on grooming and fashion trends, coupled with the availability of premium grooming products, drives market growth.
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Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth during the forecast period. Factors such as rising disposable incomes, urbanization, and increasing awareness of personal grooming contribute to the market’s expansion. Countries like China, India, and Japan are key markets in this region.
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South America: The South American market is growing steadily, with Brazil and Argentina being prominent markets. The increasing adoption of grooming products and the influence of Western lifestyle trends drive market growth in this region.
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Middle East & Africa: The Middle East & Africa region is experiencing moderate growth, with a growing focus on personal grooming and hygiene. The increasing presence of international brands and rising disposable incomes contribute to market expansion in this region.
Key Questions answered in the Electric Shavers Market Report are:
- What was the Electric Shavers market size in 2024?
- What is the expected Electric Shavers market size by 2030?
- What are the Electric Shavers market segments?
- Which Electric Shavers market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Electric Shavers Industry?
- What key trends are expected to emerge in the Electric Shavers market during the forecast period?
- Which region dominated the global Electric Shavers market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Posted in: Business
Topics:
electric shavers market, electric shavers market size, electric shavers market trends, electric shavers market growth, electric shavers market scope, electric shavers market industry, electric shavers market analysis, electric shavers market future, electric shavers market overview, electric shavers market manufacturing
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