Global Electric Shoe Polisher Market 2024-2031

Global Electric Shoe Polisher Market 2024-2031

Electric Shoe Polisher Market Size, Share & Trends Analysis Report by Product Type (Fully Automatic and Handheld Automatic), and by End-User (Commercial and Residential), Forecast Period (2024-2031)

Electric shoe polisher market is anticipated to grow at a CAGR of 5.0% during the forecast period (2024-2031). An electric shoe polisher is a device that is designed to clean and shine shoes automatically. It typically consists of a motorized brush or brushes, a polishing wheel, a reservoir for shoe polish, and various other components. The increasing shift towards eco-friendly products and materials and the integration of smart technologies to bolster investments in the electric shoe polisher market is a major factor supporting the market growth.

Market Dynamics

Increased Focus on Personal Grooming Boosts Sales

First impressions are crucial for projecting a polished and professional image in today's image-conscious society. Electric shoe polishers are a valuable tool for busy professionals to maintain a sharp look throughout the workday, ensuring their shoes do not detract from their overall appearance. They also boost personal confidence by removing the hassle of shoe care, allowing individuals to focus on feeling confident and put-together. Electric shoe polishers can help keep pace with the latest fashion trends, ensuring footwear complements outfits and reflects personal style. They also contribute to a curated and stylish online presence, contributing to the growing demand for convenient and effective shoe care tools. As the emphasis on personal image continues to grow, the market for these innovative shoe care tools is expected to rise as well.

Growing Preference for Automated Shoe Care Products

Globally, there is a rise in popularity of automated shoe care products, particularly electric shoe polishers which is driven by factors that align with modern lifestyles. These include convenience in a time-crunched world, efficient maintenance for all shoe materials, consistent, professional results, the rise of the athleisure culture, and the integration of smart technology. Electric shoe polishers offer a time-saving solution, allowing users to focus on other priorities. They also provide efficient cleaning for various shoe materials, eliminating the need for manual labor. They also cater to the growing trend of athletic footwear, which requires regular cleaning to maintain their performance and appearance. Additionally, some electric shoe polishers connect to apps, offering personalized cleaning recommendations and usage tracking, appealing to a generation comfortable with automation and connected devices.

Market Segmentation

Based on product type, the market is segmented into fully automatic and handheld automatic.

Based on end-users, the market is segmented into commercial and residential.

Fully Automatic is Projected to Emerge as the Largest Segment

The fully automatic segment is expected to hold the largest share of the market due to its convenience, versatility, and advanced features. These machines are ideal for busy individuals who do not have time for manual polishing as they offer multiple settings, adjustable speeds, and integrated dispensers for polishing and cleaning creams. They are also space-efficient, offering a dedicated spot for shoe care in homes or offices with limited storage. Their larger size and advanced features contribute to their perceived professionalism.

Commercial Segment to Hold a Considerable Market Share

Rising demand from businesses and organizations due to its high volume of shoe maintenance, enhanced customer experience, durability, long-term value, hygiene, and branding potential. Electric shoe polishers, particularly fully automatic models, are ideal for hotels, resorts, office buildings, and airlines, which often deal with a large volume of footwear. They also provide a time-saving solution for maintaining a consistent and professional appearance, enhancing the overall customer experience. Commercial-grade electric shoe polishers are durable and of long-term value, with extended warranties resulting in lower maintenance costs and longer lifespans. They are also essential in healthcare facilities and food service establishments, where maintaining clean and sanitized footwear is crucial.

Regional Outlook

The global electric shoe polisher market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

North American countries to invest in the electric shoe polisher market

The rise in the number of commercial spaces, such as offices, malls, restaurants, clubs, and hotels in countries such as the US drives demand for electric shoe polishers in this region.

Canada’s unique combination of fast-paced lifestyles, image consciousness, and technological adoption has led to increased demand.

Asia-Pacific Holds Major Market Share

Among all the regions, Asia-Pacific holds a significant share due to factors such as rising disposable income, urbanization, cultural significance of shoes, and the thriving hospitality sector. Disposable income in the region is on the rise, leading to increased spending on personal grooming and appearance. Urbanization is also a factor, with people in cities having more professional jobs and social engagements, emphasizing the importance of maintaining a polished look. Shoes hold special significance in Asian cultures, and electric shoe polishers cater to this cultural emphasis. The booming hospitality sector in the region also offers a luxury experience for business travelers and tourists. The region's strong manufacturing base allows for quicker delivery times and lower costs, encouraging further innovation and product development.

Thus, the growing tech-savvy population in the Asia-Pacific is also receptive to electric shoe polishers, with smart features and eco-friendly designs aligning with their growing environmental consciousness. These factors make the Asia-Pacific region a prime market for electric shoe polishers.

Market Players Outlook

The major companies serving the global electric shoe polisher market include Orchids International, Philips International B.V., Robert Bosch Tool Corporation, Dolphy India Pvt. Ltd., and Euronics Industries Pvt, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2022, Philips Domestic Appliances announced its entry into a brand-new market with the introduction of the first of its type, the Sneaker Cleaner GCA1000/60. Customers will benefit from always having pristine, brilliant, and crease-free sneakers because of its automated cleaning technology.