Hair Remover & Grooming Appliances Market Scope
Hair removal is a process through which hair from an individual’s body is removed with intent. And grooming appliances is a device that helps men in processes like shaving their face and trimming their hair and women grooming appliances are used to dryer their hair and straighten their hair.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | KoninklijkePhilips N.V. (Netherlands), Panasonic Corporation (Japan), Conair Corporation (United States), Procter & Gamble Co. (United States), Spectrum Brands Holdings, Inc. (United States), Sakar International Inc. (United States), Helen of Troy Ltd. (United States), AndisCompany (United States), Wahl Clipper Corporation (United States) and BaByliss (France) |
CAGR | 17.6% |
With the rapid development in new appliances for both men and women. The companies operating in this industry are heavily focusing on enhancing their market presence by product development and launching a new product for future use. And also adopting strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Hair Remover & Grooming Appliances market throughout the predicted period.
KoninklijkePhilips N.V. (Netherlands), Panasonic Corporation (Japan), Conair Corporation (United States), Procter & Gamble Co. (United States), Spectrum Brands Holdings, Inc. (United States), Sakar International Inc. (United States), Helen of Troy Ltd. (United States), AndisCompany (United States), Wahl Clipper Corporation (United States) and BaByliss (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sunbeam Products (United States) and Johnson & Johnson (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hair Remover & Grooming Appliances market by Type and Region with country level break-up.
On the basis of geography, the market of Hair Remover & Grooming Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2020, FMCG major Marico has acquired an additional 55 per cent stake in Beardo, a men’s grooming brand that sells beard oils, beard waxes, soaps, and other products for men’s facial hair.
In July , 2021: Panasonic released the Panasonic Wet/Dry Facial Hair Remover (ER-GM40-K). This hair remover is used for a younger generation for growing facial hair.
Influencing Trend:
An increasing number of men opting for hair removal devices
Market Growth Drivers:
Increasing use of physical awareness which rising demand for market and Increased applications in the healthcare and household industry
Challenges:
Heavy costs while purchasing
Restraints:
High cost of the product
Opportunities:
Increasing use of appliances
Key Target Audience
Customers, Retailers and Retailers Shops