Product Code: 137404-08-22
This report analyzes the global electric shavers market in terms of product type, end-use, sales channel, and geography. On the basis of product type, the global electric shavers market is segmented into foil shavers, rotary shavers, wet/dry shavers, and clippers among others. Similarly, on the basis of end-use, the market for electric shavers is further classified into women and men. Based on the sales channel, the electric shavers market is segmented into direct retail and online retail. The geographical distribution of the global electric shavers market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Overview:
Growing awareness regarding hair care and personal grooming has led to an increased number of hairdressing establishments, which has had a positive influence on the demand for electric shavers and other personal grooming products across the globe. In addition, a rise in discretionary household income coupled with improved lifestyle among the young population is expected to further drive market demand.
In addition, restrictions and the need to maintain social distancing due to the ongoing COVID-19 pandemic have led to an increasing demand for personal grooming products. A growing number of users have started to purchase hair and beard styling devices to maintain their looks. With increasing dependence on personal styling, grooming products such as electric shavers are expected to witness higher demand during the forecast period from 2022 to 2030. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 6.1% during the forecast period 2022 - 2030.
Purpose of the Report
The purpose of this strategic research study titled "Global Electric Shavers Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 - 2030" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global electric shavers market.
Target Audience
- Industry Investors
- Electric Shaver Manufacturers
- Other Personal Grooming Product Manufacturers
- Distributors and Retailers
- End-users
USP and Key Offerings
The report titled "Global Electric Shavers Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 - 2030" offers strategic insights into the global electric shavers market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on product types and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the electric shaver manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
- An overview of the global electric shavers market
- Current and future market trends to justify the forthcoming attractive sub-markets within the electric shavers market
- Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global electric shavers market
- Market competition scrutiny tools such as market share analysis, fractal map, etc.
- SRC (Segment-Region-Country) Analysis
In 2021, the men segment led the overall electric shavers market worldwide. The segment accounted for around two-thirds of the global market revenue in the same year. The trend is expected to continue as demand for electric shavers in the men segment will remain steady on account of greater use and hence the replacement demand. On the other hand, the women segment that accounted for a relatively lesser revenue share is presumed to register maximum growth during the forecast period 2022 - 2030. A relatively smaller share of the women segment is reflective of women being less concerned regarding personal grooming in developing regions like Asia and Africa. Promotional campaigns organized by electric shaver manufacturers for appealing female consumers to use their products coupled with growing preference for alternate convenient methods of hair removal are expected to drive demand for electric shavers in the women segment across the globe.
In 2021, the direct retail sales channel comprising sales through supermarkets, hypermarkets, department stores, and convenience stores among others was the largest in the global electric shavers market. The segment accounted for over two-third of the global market revenue in the same year. However, due to the ongoing COVID-19 pandemic, there has been a drastic shift from traditional retail stores to e-commerce. Factors such as shops closed due to lockdowns and higher discounts offered by online retailers have resulted in significant growth in the e-commerce segment. By 2030, the e-commerce segment is expected to dominate the electric shavers market in terms of the sales channels.
In 2021, Europe led the global electric shavers market in terms of both value and unit shipments. The region accounted for over 30% of the global market revenue in the same year. Growing interest and consciousness regarding personal appearance among both men and women has resulted in an increased demand for electric shavers and other personal grooming products. Germany represented the largest electric shavers market in the region. On the other hand, Asia Pacific is expected to witness maximum growth in demand for electric shavers, outpacing North America and Europe during the same period. Growing awareness regarding personal grooming, rise in discretionary household income, and westernization of lifestyle, especially among young population is expected to drive market demand in the region. In addition, the introduction of numerous local players especially from China and India is expected to drive the adoption of electric shavers in the most populous countries in the world.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electric Shavers market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Electric Shavers market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Foil Shavers
- Rotary Shavers
- Wet/Dry Shavers
- Clippers
- Others
End user
Sales Channel
- Direct Retail
- On-line Retail
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
- Pre Covid-19 situation
- Post Covid-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Electric Shavers market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Electric Shavers market?
- Which is the largest regional market for Electric Shavers market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Electric Shavers market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Electric Shavers market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Electric Shavers Market
- 2.2. Global Electric Shavers Market, By Type, 2021 (US$ Million)
- 2.3. Global Electric Shavers Market, By End user, 2021 (US$ Million)
- 2.4. Global Electric Shavers Market, By Sales Channel, 2021 (US$ Million)
- 2.5. Global Electric Shavers Market, By Geography, 2021 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2021
3. Electric Shavers Market: Competitive Analysis
- 3.1. Market Positioning of Key Electric Shavers Market Vendors
- 3.2. Strategies Adopted by Electric Shavers Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2021 Versus 2030
4. Electric Shavers Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Electric Shavers Market Value, 2020 - 2030, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Foil Shavers
- 5.3.2. Rotary Shavers
- 5.3.3. Wet/Dry Shavers
- 5.3.4. Clippers
- 5.3.5. Others
6. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
7. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. Direct Retail
- 7.3.2. On-line Retail
8. North America Electric Shavers Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 8.3. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 8.4. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 8.5.Electric Shavers Market: By Region, 2020-2030, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 8.5.1.1.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 8.5.1.1.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 8.5.1.2.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 8.5.1.2.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 8.5.1.3.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 8.5.1.3.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
9. UK and European Union Electric Shavers Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.3. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.4. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.Electric Shavers Market: By Region, 2020-2030, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.1.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.1.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.2.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.2.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.3.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.3.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.4.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.4.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.5.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.5.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 9.5.1.6.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 9.5.1.6.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
10. Asia Pacific Electric Shavers Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.3. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.4. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.Electric Shavers Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.1.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.1.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.2.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.2.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.3.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.3.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.4.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.4.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.5.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.5.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 10.5.1.6.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 10.5.1.6.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
11. Latin America Electric Shavers Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 11.3. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 11.4. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 11.5.Electric Shavers Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 11.5.1.1.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 11.5.1.1.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 11.5.1.2.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 11.5.1.2.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 11.5.1.3.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 11.5.1.3.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
12. Middle East and Africa Electric Shavers Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 12.3. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 12.4. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 12.5.Electric Shavers Market: By Region, 2020-2030, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 12.5.1.1.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 12.5.1.1.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 12.5.1.2.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 12.5.1.2.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Electric Shavers Market: By Type, 2020-2030, USD (Million)
- 12.5.1.3.1. Electric Shavers Market: By End user, 2020-2030, USD (Million)
- 12.5.1.3.1. Electric Shavers Market: By Sales Channel, 2020-2030, USD (Million)
13. Company Profile
- 13.1. Koninklijke Philips N.V.
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Panasonic Corporation
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Braun GmbH
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Conair Corporation
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Procter & Gamble Co.
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Wahl GmbH
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Spectrum Brands Holdings, Inc.
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Sakar International Inc.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Helen of Troy Ltd.
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives