Electric Shavers

Electric Shavers

Global Electric Shavers Market to Reach US$16.3 Billion by 2030

The global market for Electric Shavers estimated at US$12.9 Billion in the year 2023, is expected to reach US$16.3 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2023-2030. Clippers, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$6.5 Billion by the end of the analysis period. Growth in the Foil Shavers segment is estimated at 3.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 5.6% CAGR

The Electric Shavers market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global Electric Shavers Market - Key Trends and Drivers Summarized

Electric shavers are transforming the men`s grooming market by providing a blend of efficiency, precision, and comfort that traditional razors struggle to match. These devices are designed to lift and cut hair in one or two passes, significantly reducing the time required for a shave. This efficiency appeals particularly to those with busy lifestyles, making it possible to maintain a well-groomed appearance with minimal time investment. Furthermore, electric shavers offer the flexibility to perform both wet and dry shaves, accommodating different personal preferences and scenarios. For individuals with sensitive skin, electric shavers present a compelling advantage by minimizing skin irritation, cuts, and nicks, enhancing the shaving experience with added comfort and safety.

The surge in demand for electric shavers is driven by several influential factors that align with consumer needs and technological advancements. Enhanced battery life and quicker charging times have increased the convenience of electric shavers, making them ideal for both everyday use and travel. Additionally, innovations such as multi-directional blades and advanced hair lifting technologies provide a smoother and faster shave, catering to consumers who prioritize quick and effective grooming solutions. The growing emphasis on male grooming also contributes to the market`s expansion, with an increasing number of men investing in their appearance and seeking professional-grade grooming tools that offer versatile styling options and maintenance benefits.

As the market for electric shavers evolves, it continues to be shaped by trends that emphasize efficiency, versatility, and skin health. These include the development of skin-friendly technologies that are especially beneficial for users with sensitive skin, as well as the introduction of compact, travel-friendly designs that appeal to frequent travelers. Moreover, the long-term cost-effectiveness of electric shavers compared to traditional shaving methods, coupled with their potential to offer hygienic benefits like reduced risk of infections from cuts, makes them an increasingly popular choice among consumers. With ongoing technological enhancements and a strong market drive towards accommodating fast-paced lifestyles and high grooming standards, electric shavers are set to maintain their relevance and desirability in the global grooming industry.

Select Competitors (Total 31 Featured) -

• BaByliss
• Braun GmbH
• Conair Corporation
• Koninklijke Philips N.V.
• Panasonic Corp.
• The Gillette Company
• The Procter & Gamble Company
• Wahl Clipper Corporation

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