| Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
|---|---|---|---|
| USD 19.83 Billion | USD 35.84 Billion | CAGR at 6.80% | 2023 |
According to the report published by Zion Market Research, the global Electric Shavers Market size was valued at USD 19.83 Billion in 2023 and is predicted to reach USD 35.84 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.80% during the forecast period. The report analyzes the global Electric Shavers Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Electric Shavers Market industry.
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The electric shavers are a common electric device that is used for shaving hair. The unwanted hair from the body is shaved off with an oscillating blade that is behind the metal guard. It is most efficient and convenient method of shaving. There are two types of electric shavers one is rotary shavers and the other one is foil shavers. The electrical shavers are used by both men and women. Men use the electrical shavers to remove their chest hair, leg hair, underarm hair, abdominal hair, etc. Women use them to remove their leg hair and the underarm hair.
The electric shavers market is globally segmented into its product, end user, distribution channel, and regions.
On the basis of product, the global market is segregated into foil shaver, wet/dry shaver, clippers, a rotary shaver, and accessories.
On the basis of end users, the broad categorization of the electric shavers is male and female.
Based on the distribution channel, the market is divided into general merchandising/mass stores, health & beauty stores, supermarkets & hypermarkets, and others.
Region-wise, the global electric shavers market is diversified into regions such as North America, Europe, Asia-Pacific, and Rest of the World.
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In the electric shavers market the clippers product segment dominated the global market in terms of revenue and volume. This is going to continue in the coming years too. Basically, the clippers are used for the trimming of the facial hair. They are the suitable alternatives for the scissors. Thus, they are majorly used in the salons and parlors; hence, increasing its demand in the global market. Electric shavers have a huge demand owing to the increasing inclination of the consumers for automation. The other factor that is driving the demand of the electric shavers market is the increasing promotion of the product with the help of marketing technologies and advertisements. The increasing populations that use this product are also a key factor that is affecting the market positively.
| Report Attributes | Report Details |
|---|---|
| Report Name | Electric Shavers Market Research Report |
| Market Size in 2023 | USD 19.83 Billion |
| Market Forecast in 2032 | USD 35.84 Billion |
| Growth Rate | CAGR of 6.80% |
| Number of Pages | 196 |
| Key Companies Covered | Conair Corporation, Helen of Troy Limited, Philips Electronics N.V., The Procter & Gamble Company, Braun GmbH., Remington Products Company, Eltron Company, Izumi Products Company, BaByliss, Koninklijke, Panasonic Corporation, The Gillette Company, Spectrum Brands Holdings, Inc., Wahl Clipper Corporation, Wahl Clipper Corporation |
| Segments Covered | By Product type, By End user, By Distribution channels and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The region that dominates the electric shavers market is Europe. It dominated the global market both in revenue and volume. The factor that attributed to this growth is the increasing adoption of the electronic shavers by the consumers (both the genders) in the countries such as UK, Italy, Germany, and France. The rise in the purchasing power of the people has played a major role in the market growth. Asia Pacific region is the other region that contributes a good share in the global electronic shavers market. The rapid urbanization and the increasing purchasing power of the people have complemented the growth of the electronic shavers market.
The major market players in the electric shavers market include:
By Product
By End user
By Distribution channel
By Region
What Reports Provides
FrequentlyAsked Questions
Electric shavers are personal grooming devices powered by electricity to trim or remove hair from the face or body.
The global electric shavers market is expected to be driven by the Market growth is driven by rising personal grooming awareness, increasing male and female workforce participation, and growing demand for convenient, cordless, and skin-friendly grooming devices.
According to study, the global electric shavers market size was worth around USD 19.83 Billion in 2023 and is predicted to grow to around USD 35.84 Billion By 2032.
The global electric shavers market is expected to grow at a Compound Annual Growth Rate (CAGR) of around CAGR 6.80% during the forecast period from 2024-2032.
The global electric shavers industry is projected to be challenged by Challenges include intense brand competition, short product lifecycles, and price sensitivity. Innovation differentiation is required to sustain demand.
The Opportunities include grooming premiumization, growth in men’s personal care, and innovation in skin-safe blades, wet/dry usage, and smart features will offer significant growth opportunities in the electric shavers market.
Skin-sensing technology, cordless fast-charging designs, and smart grooming features are the emerging trends and innovations impacting the electric shavers market.
The global electric shavers market is expected to be led by APAC during the forecast period.
Some of the prominent players operating in the global electric shavers market are; Conair Corporation, Helen of Troy Limited, Philips Electronics N.V., The Procter & Gamble Company, Braun GmbH., Remington Products Company, Eltron Company, Izumi Products Company, BaByliss, Koninklijke, Panasonic Corporation, The Gillette Company, Spectrum Brands Holdings, Inc., Wahl Clipper Corporation, Wahl Clipper Corporation and others.
The report explores crucial aspects of the electric shavers market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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