What is Electric Shavers Market Scope?
Economic conditions across the globe have been improved over the past decade, that has led to an increase in respective disposable incomes. This has favored the global population to adopt technologically advanced grooming products such as electric shavers. In addition to this, rising interest and consciousness about appearances and looks has further improved demand for electric shavers. An electrical shaver is an electrical device used for removing unwanted hairs from the body with continuously oscillating and rotating blades which are placed behind a metal guard. These electric shavers provide comparatively convenient and safe shave than traditional shaving equipment. Primarily two basic types of E shavers are available in the market i.e. foil shavers and rotary shavers.
The Electric Shavers market study is being classified by Type (Foil Shavers, Rotary Shavers, Wet/Dry Shavers, Clippers and Others) and major geographies with country level break-up. According to AMA, the Global Electric Shavers market is expected to see growth rate of 5.59% and may see market size of USD17.69 Billion by 2026.
Analysts at AMA predicts that Vendors from United States and German will contribute to the maximum growth of Global Electric Shavers market throughout the predicted period.
Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan), Braun GmbH (Germany), Conair Corporation (United States), Procter & Gamble Co. (United States), Wahl GmbH (Germany), Spectrum Brands Holdings, Inc. (United States), Sakar International Inc. (United States), Helen of Troy Ltd. (United States) and Andis CO (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are LADYGROOMER (United States), Eternal (Australia) and Perfect Life Ideas (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electric Shavers market by Type, Application and Region.
On the basis of geography, the market of Electric Shavers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On November 30th, 2018, the Procter & Gamble Company has acquired the Consumer Health business of Merck KGaA, Darmstadt, Germany. This move improves P&G’s OTC geographic scale, brand portfolio and category footprint in the vast majority of the world’s top 15 OTC markets. With this acquisition, former Merck KGaA, Darmstadt, Germany, Consumer Health President & CEO, Uta Kemmerich-Keil, will be joining P&G as leader of P&G Personal Healthcare International, an organization encompassing the newly combined consumer (or OTC) health care businesses in Europe, Latin America, and Asia/IMEA (India, Middle East and Africa).
Influencing Market Trend
- Robustly Developing E-commerce Network across All Regions
- Growing Demand for Rechargeable Electronic Shavers
Market Drivers
- Increasing Awareness and Consciousness about Personal Appearance and Grooming
- Growing Number of Hair Dressers across the Globe
Opportunities
- Diminished Need for Shaving Gel, Shaving Cream, Soap & Water for Shaving Purpose
- Reduces the Risk of Cuts, Abrasions, and Irritation form Traditional Shaving Method
Restraints
- Comparatively Higher Initial Investments as Compared to Conventional Shaving Machines
- Lack of Durability than the Conventional Shavers and Complex Repairing
Challenges
- Skilled Workforce Required for Manufacturing Electronic Shavers
- Environmental Challenges such as E-Waste Management
Key Target Audience
Electric Shaver Manufacturers, Electric Shaver Distributors and Traders, Electric Shaver Upstream and Downstream Buyers, Grooming Industry Associations, Government Agencies, Research and Development Organizations and Others
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