Electric Shavers Market Outlook: Expected to Grow from US$ 16.59 Billion in 2023 to US$ 22.31 Billion by 2029, with a 4.32% CAGR

Electric Shavers Market Report Overview

The global Electric Shavers market, valued at approximately USD 16.59 billion in 2022, is anticipated to expand significantly, reaching around USD 22.31 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 4.32% over the forecast period. The market's expansion is driven by increasing consumer preference for convenience, technological advancements, and rising grooming standards across diverse demographics. Electric shavers, known for their efficiency and user-friendly features, are becoming increasingly popular among both men and women, contributing to the market's positive trajectory.

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Report Scope and Research Methodology

This report offers a comprehensive analysis of the electric shavers market, encompassing various aspects such as market dynamics, segmentation, and regional insights. The research methodology includes both primary and secondary data collection processes. Primary research involves interviews with industry experts, manufacturers, and key stakeholders to gather firsthand information and insights. Secondary research entails analyzing existing market reports, company profiles, and industry publications to validate and complement primary data. The report's scope covers market trends, technological innovations, competitive landscape, and growth opportunities in the electric shavers sector.

Electric Shavers Market Dynamics

Several factors are influencing the dynamics of the electric shavers market. Technological advancements play a crucial role, with continuous innovations leading to the development of more efficient and user-friendly electric shavers. Features such as adjustable settings, ergonomic designs, and advanced blade technologies are enhancing the appeal of electric shavers to consumers. Additionally, the increasing emphasis on personal grooming and appearance, driven by evolving societal norms and standards, is further fueling market growth.

Consumer preferences are shifting towards electric shavers due to their convenience and effectiveness compared to traditional shaving methods. Electric shavers offer a quicker and more comfortable grooming experience, which aligns with the fast-paced lifestyles of modern consumers. Moreover, the rise of online retail platforms and direct-to-consumer models is making electric shavers more accessible, contributing to their growing popularity.

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

• North America: The North American market is expected to hold a significant share due to high consumer spending on grooming products, technological advancements, and the presence of major market players. The United States, in particular, is a key market owing to its large consumer base and growing trend of personal grooming.

• Europe: In Europe, the market is driven by increasing awareness about grooming and the rise in disposable incomes. Western European countries, including Germany, the UK, and France, are prominent markets due to their developed retail infrastructure and high adoption of advanced grooming products.

• Asia-Pacific: The Asia-Pacific region is projected to experience substantial growth due to rising disposable incomes, increasing urbanization, and changing grooming habits. Countries like China and India are witnessing a surge in demand for electric shavers, driven by a growing middle class and expanding retail channels.

• Latin America and Middle East & Africa: These regions are also experiencing growth, although at a slower pace compared to other regions. Increasing consumer awareness and gradual improvements in economic conditions are contributing to the market's expansion in these areas.

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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