Electric Shavers

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

The global market for Electric Shavers estimated at US$13.3 Billion in the year 2024, is expected to reach US$16.3 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2024-2030. 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$3.5 Billion While China is Forecast to Grow at 5.6% CAGR

The Electric Shavers market in the U.S. is estimated at US$3.5 Billion in the year 2024. 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 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 2.6% 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.

SCOPE OF STUDY:

The report analyzes the Electric Shavers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Clippers, Foil Shavers, Rotary Shavers, Wet / Dry Shavers, Other Product Types); End-Use (Men, Women)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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