Electric Shavers Market Size, Share, Opportunities, And Trends By Type (Foil Shaver, Rotary Shaver), By Distribution Chanel (Online, Offline), And By Geography - Forecasts From 2025 To 2030

Description

Electric Shavers Market Size:

The electric shavers market is projected to expand from USD 11.773 billion in 2025 to USD 15.802 billion in 2030, at a CAGR of 6.06%.

An electric shaver can be defined as an electrical device, which is used for shaving purposes, for the removal of unwanted hair from one’s body with oscillating or rotating blades behind a metal guard. Electric shavers provide the most convenient means of shaving and generally are of two types - foil shavers and rotary shavers. In a foil electric shaver, two or more cutting blades, arranged on top of the device move back and forth in a vibrating mode, under a protective foil with small holes, to catch and trim the body hair. The other kind is the rotary shaver, which on its faceplate has one or more round cutting heads with blades rotating under a grid with holes where the hair is collected and is cut off by the rotating cutting blades.

Increasing beauty consciousness among women and men is one of the main reasons, expected to drive the electric shaver market growth during the forecast period. Other than that, the growing disposable income of the middle-class population all around the world as well as the growing population in developing countries such as China and India is further expected to boost this market growth.

Taking advantage of this increasing demand for electric shavers, market players all around the world are undertaking strategic actions to further increase their foothold in the market. For instance, in June 2020, Xiaomi Cooperation, a leading Chinese electronics manufacturing company announced the launch of its latest Enchen Blackstone 3 electric shaver for sale in China.

Electric Shavers Market Driver:

• Increasing disposable income has enabled consumers to expend more on comfort goods which are expected to increase the adoption of electric shavers.

The electric shaver market is expected to experience substantial growth in the years ahead, backed by factors such as the increase in disposable income of consumers around the world. A rise in disposable income facilitates an increase in additional spending on goods and services. An increase in disposable income allows people to spend more on what interests them or activities such as personal grooming among others, thus, propelling the demand for products like electric shavers, etc. As per OECD, despite the significant (10.6%) fall in real GDP growth per capita in the OECD area in the second quarter of 2020, growth in real household income per capita, which provides a better picture of changes in households’ economic well-being, increased by 5.3% on the back of COVID-19 government support measures. Additionally, most OECD countries saw household disposable income outperform GDP. While a majority recorded falls in both measures during the second quarter of 2020, Canada and the United States saw significant growth in household income per capita of 11.0% and 10.1% respectively, reflecting broad-based monetary transfers to the household sector in response to COVID-19. Smaller increases in real household income per capita were also observed in Ireland (3.6%), Australia (2.7%), and Finland (1.1%) among other nations.

Therefore, with an increase in disposable incomes all around the world coupled with the temporary closures of salons and beauty parlors due to pandemic-induced lockdowns, the demand for electric shavers is expected to increase substantially, further propelling its demand during the forecast period.

Electric Shavers Market Segment Analysis:

• Online sales of electric shavers are expected to increase at an exponential rate.

By distribution channel, the electric shavers market is segmented into online and offline. The growing smartphone and internet penetration is one of the major drivers of the online channel of distribution. As per the latest Office for National Statistics released in August 2019, of all adults, 87% used the internet daily in 2019, with an additional 4% of adults using it at least weekly. While there was a 2 percentage increase in daily use since 2018, it has risen by 32 percentage points in the last decade.

Furthermore, it reported, that in 2019, the most common type of device used to access the internet on the go was a mobile phone or smartphone at 79%. This has risen by 26 percentage points since 2013, from 53%. The growth of the e-commerce industry is further fuelling the adoption of online retail. And, as revenue-boosting strategies, these e-commerce platforms are introducing discount offers and sales on a regular basis augmenting the demand for personal care products/devices such as electric shavers.

The Electric Shavers Market is analyzed into the following segments:

• By Type
  • Foil Shaver
  • Rotary Shaver
• By Power Source
  • Battery-Powered
  • Mains-Powered
• By Distribution Channel
  • Online
  • Offline
• By End-User
  • Men
  • Women
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. ELECTRIC SHAVERS MARKET BY TYPE

5.1. Introduction

5.2. Foil Shaver

5.3. Rotary Shaver

6. ELECTRIC SHAVERS MARKET BY POWER SOURCE

6.1. Introduction

6.2. Battery-Powered

6.3. Mains-Powered

7. ELECTRIC SHAVERS MARKET BY DISTRIBUTION CHANNEL

7.1. Introduction

7.2. Online

7.3. Offline

8. ELECTRIC SHAVERS MARKET BY END-USER

8.1. Introduction

8.2. Men

8.3. Women

9. ELECTRIC SHAVERS MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By Power Source

9.2.3. By Distribution Channel

9.2.4. By End-User

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By Power Source

9.3.3. By Distribution Channel

9.3.4. By End-User

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By Power Source

9.4.3. By Distribution Channel

9.4.4. By End-User

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Italy

9.4.5.5. Spain

9.4.5.6. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By Power Source

9.5.3. By Distribution Channel

9.5.4. By End-User

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Israel

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By Power Source

9.6.3. By Distribution Channel

9.6.4. By End-User

9.6.5. By Country

9.6.5.1. China

9.6.5.2. India

9.6.5.3. Japan

9.6.5.4. South Korea

9.6.5.5. Indonesia

9.6.5.6. Thailand

9.6.5.7. Taiwan

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Conair Corporation

11.2. Koninklijke Philips N.V.

11.3. Panasonic Corporation

11.4. Procter & Gamble

11.5. Spectrum Brands, Inc.

11.6. Xiaomi Corporation

11.7. Wahl Clipper Corporation

11.8. Havells India Ltd.

11.9. Andis Company

11.10. Manscaped

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Conair Corporation

Koninklijke Philips N.V.

Panasonic Corporation

Procter & Gamble

Spectrum Brands, Inc.

Xiaomi Corporation

Wahl Clipper Corporation

Havells India Ltd.

Andis Company

Manscaped

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