The global demand for Electric Shavers Market is presumed to reach the market size of nearly USD 49.44 MN by 2028 from USD 23.66 MN in 2021 with a CAGR of 11.1% under the study period 2022 - 2028.
Electric shavers refer to a device utilized for shaving with a rotating or oscillating blade. It is a razor powered by a small DC motor which is either powered by batteries or mains electricity. Electric shavers are used to remove unwanted hair from the body and do not require any soap, water or shaving foam for shaving or trimming. Electric shavers are mainly available in rechargeable and battery types that may be rotatory or foil.
Market Dynamics
The increase in the global preference for personal care and grooming is one of the major factors fueling the growth of the electric shavers market. Moreover, the rise in the demand for electric shavers from salons and parlour and the availability of various kinds of electric shavers as per the numerous requirements of the consumers offers lucrative market opportunities. Also, the rise in the beauty consciousness among the population is escalating the growth of the electric shavers market. In addition, increasing the adoption of electric shavers helps save the cost of maintenance of hair and beard and are easy to use, further accelerating the market growth. However, the high price associated with the electric shavers is expected to hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric shavers. The growth and trends of electric shavers industry provide a holistic approach to this study.
Market Segmentation
This section of the electric shavers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Rachargeable Shaver
- Battery Type Shaver
By Application
- Male Consumers
- Female Consumers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electric Shavers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electric Shavers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric shavers market include Philips Norelco, Braun, Remington, Panasonic, Wahl, BIC, Conair, MANGROOMER, Andis, Maxam, Vivitar, Optimus, Emjoi, Tech Toyz, LADYGROOMER, PRITECH, Eternal, Perfect Life Ideas, Epilady. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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