"Overview of electric shavers market"
The Global Electric shavers market is forecasted to exhibit a CAGR of 5.3% to grasp a market size of US$ 3.9 Bn till 2027.
The electric shavers are a household electric gadget that is utilized for cutting, shaving, and trimming hair. The undesired hair from the body is barbered off with an oscillating razor that is mounted after the metal protector. It is the most effective and comfortable way of shaving.
Escalating the adoption of electric shaving devices and an increasing number of hair salons and parlor are the determinants for the development of this market.
Electric shavers are achieving fast sales as a result of customers leaning towards mechanization. This is also powered by reason of customer disclosure to new high-tech tools by means of ads and campaigns through numerous networks. Augmented expenditure capability concerning superfluity things is an additional crucial aspect which is supplementing the progression of the market. Populace plays a vital part in the progress of this market, even though a very trivial part of the global populace moves up for the electric shavers market.
The mounting significance of grooming amongst customers, growing not reusable earnings, an emergent drift of online buying and improvement in systematized retail is assisting the progress of the electric shavers in the market. Additionally, the cumulative want for electric shavers amongst female shoppers is an additional vital factor impelling the evolution of the electric shavers market. The female consumer sector is anticipated to be one of the most profitable sectors for the body care market. On the other hand, the market has observed a striking transformation of customers towards electric shavers from their common replacements on account of its great convenience and comfort of utilization.
Escalating fashion movements and beauty awareness amongst both men and women is one of the leading element that drives the progress of the electric shaver market. Further, growing economy, escalation in populace and growth in not reusable salary improves the requirement for the same. The electric shavers are primarily employed in the beauty salons and barbershops consequently, swelling its necessity in the global market. On the other hand, at the present time, electric shavers are extensively accessible amongst the customers as a result of the obtainability of the device at a reasonable price.
The electric shavers market is yet, restrained by the high price of electric shavers and extensive accessibility of its conventional equivalents in the market. The types of electric shavers, for instance, wet/dry shaver, rotary shaver, foil shaver, and clippers are valued on the upper side because of which majority of the customers abstain themselves from purchasing such devices and they choose for traditional shaving materials which are considerably inexpensive than electrical shavers.
The global electric shavers market is divided depending upon product types into a rotary shaver, wet/dry shaver, clippers, foil shaver, and accessories. Clippers commanded the market in terms of income and size, considering the foremost market portion and are anticipated to maintain market supremacy during the course of the evaluation interval. Clippers are principally applied for shaving the beard. Clippers are frequently favored for removing lengthy hair and likewise as they come with diverse sorts of add-ons which are all-encompassing of protector combs of numerous dimensions. They are also considered to be appropriate replacements for scissors. Most of the beauty salons and barbershops have implemented the use of clippers to cut long hair.
The market is also classified according to the end-user into men and women. Men subdivision led the end-user as a result of the extensive acceptance of the electric shavers amongst the masculine populace. Nonetheless, women subdivisions have become a profitable segment for the producers of electric shavers. The implementation percentage of electric shavers amongst the female population has augmented and is increasing at a fast speed.
North America is estimated to lead the global electric shavers market for the duration of the evaluation period
The North American market sustained the predominant percentage in the past few years and is predicted to manifest a constant increase over the forthcoming years on account of the proximity of pre-eminent corporations, for instance, P&G. The accessibility of technically superior commodities in the market and spreading consciousness concerning own beautification has commanded extended product sales in this region. Rise in the acceptance of electric trimmers across beauty salons and barbershops in the United States for accelerated and efficient outcomes is one of the essential determinants adding to the supremacy of the local market.
The burgeoning prevalence of hair removal solutions and the availability of proficient skin consultants are some of the determinants forecasted to promote goods sales in the European region. The proximity of dominant companies is an added determinant proffering the local market a hike.
The Asia Pacific region is anticipated to demonstrate substantial progress over the assessment period attributable to growing expenditure by customers on body care merchandises, which consist of cost-efficient hair removal gadget. Raised level of beauty cognizance in growing nations such as China and India is further expected to generate improvement possibilities, backed by massive purchaser support.
The leading companies from the electric shavers market are estimated to have beneficial evolution prospects in the future with the escalating requisition for in the electric shavers market in the worldwide market.
Key players operating in the electric shavers market are Remington Products Company, Philips Electronics N.V, Wahl Clipper Corporation, Gillette Company, Panasonic Corporation, Conair Corporation, Braun GmbH, Procter & Gamble Company, Helen of Troy Limited, and Izumi Products Company.
Global Electric Shavers Market by Product
- Rotary Shaver
- Wet/Dry Shaver
Global Electric Shavers Market by End- User
Global Electric Shavers Market by Distribution Channel
- Health & Beauty Stores
- Supermarkets & Hypermarkets
- General Merchandising/Mass Stores
Global Electric Shavers Market by Type
- Battery Type Shaver
- Rechargeable Shaver
Global Electric Shavers Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa