Global Electric Shaver Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Electric Shaver Market” report produced by MarketResearch.biz is segmented on basis of product, distribution channel, end-user, and region. Extensive primary and secondary research efforts were conducted to ensure major factors and the various impacts these factors have on respective aspects and scenarios in the global electric shaver market. Research results and findings were verified by industry experts, before presenting it in the report.
Electric shavers are electric devices used for removing unwanted hair on various parts of body. It removes unwanted hair on body using an oscillating blade that is behind metal guard. Shaving with an electric shaver is considered to be a most sophisticated, convenient, and efficient way of shaving currently. Rotary shaver and foil shaver are the two types of electric shavers available currently in the market. An electric shaver can be used to remove hair from different parts of body such as chest hair, underarm hair, leg hair, head hair, abdominal hair, and other body parts. Both men and women use electric shavers. Electric shaver is usually used by men to shave their facial hair, whereas, women use it to remove hair from their underarm area and legs. There are also codeless and wired electric shavers. Codeless electric shavers use rechargeable batteries, which is more convenient to use. In order to avoid, irritation, cuts, and abrasions from various traditional methods, consumers prefer to have electric shavers. Electric shavers provide closer shaving experience without cuts or skin irritation. It is extensively used as a grooming product among men. Purchasing a quality electric shaver saves money as it lasts for at least 5 years. In addition, it also saves time as it takes less time compared to other traditional ways of shaving.
Rapid urbanization and changing lifestyles are major factors projected to further drive demand for electric shaver in the electric shaver market over the forecast period. Moreover, growing global target population is expected to increase demand for electric shaver in the global electric shaver market over the forecast period. Another factor fueling demand for electric shaver is increasing awareness among women and men regarding personal grooming, impact of social media, digital marketing, and celebrity endorsements. Moreover, electric shaver is achieving considerable traction in various sectors such as personal grooming, which is also projected to drive growth of the global electric shaver market. Due to endorsement of celebrities and advancement of technology, consumers are becoming more fashion-conscious and adopt the trends and products used or promoted by celebrities. Due to changing consumer demographics and lifestyles, beauty and personal care products are gaining high demand. Moreover, rising demand for electric shaver is attributed to women and men becoming more beauty conscious. Owing to rising advertisements offline and online and awareness, demand for electric shaver is projected to grow further in the global electric shaver market over the forecast period. Rising fashion trends, growth in population, increasing economy, and growth in disposable income are other factors expected to drive growth of the market in the global electric shaver market during the forecast period. Electric shavers are widely used in salons and parlors, thus increasing demand in the global market. The current availability of electric shavers in retail stores as well as online is expected to further drive demand for electric shaver in the global electric shaver market during the forecast period.
Global Electric Shaver Market Segment Analysis:
By Product: Among the product segments, the foil shaver segment accounts for major revenue share as compared to other segments such as wet/dry shaver and rotary shaver. It can be attributed to increasing demand for foil shavers among both men and women as it has got many benefits than other types of electric shavers.
Distribution Channel: Among the distribution channel segments, the supermarkets & hypermarkets are projected to account for highest revenue share in the global electric shaver market, and the trend is expected to continue during the forecast period.
Global Electric Shaver Market Regional Analysis:
The market in the North America region is projected to continue its dominance over the forecast period owing to increasing beauty consciousness among men and women in the region. In addition, influence of celebrities, social media, and advertisements is attributed to the growth of the market in the region.
Global Electric Shaver Market Segmentation:
- Foil shaver
- Wet/dry shaver
- Rotary shaver
By Distribution Channel:
- Supermarkets & hypermarkets
- Health & beauty stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Procter & Gamble Company
- Philips Electronics N.V
- Izumi Products Company
- Panasonic Corporation
- Wahl Clipper Corporation
- Gillette Company
- Conair Corporation
- Helen of Troy Limited
- Braun GmbH
- Remington Products Company
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