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Global Electric Shavers Market to Reach Higher by 2027, Globally |UnivDatos Market Insights Electric Shavers Market - Industry Size, Share, Growth & Forecast 2027

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Ahasan Ali
Global Electric Shavers Market to Reach Higher by 2027, Globally |UnivDatos Market Insights Electric Shavers Market - Industry Size, Share, Growth & Forecast 2027

A comprehensive overview of the electric shavers market is recently added by UnivDatos Market Insights to its humongous database. The electric shavers market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the electric shavers market. The electric shavers market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the electric shavers market at the global and regional levels. Global Electric Shavers Market was valued at US$ 14.7 billion in 2020 and is anticipated to reach US$ 18.8 billion by 2027 displaying an elevated CAGR of 3.6% over the forecast period (2021-2027). 

Market Overview

The electric shavers market is growing on account of the remarkable development of grooming equipment, rise in personal grooming needs, and higher adoption of electric shavers across the globe. For instance, in 2019, Phillips was the leading brand of electric and battery shavers for men in France with an estimate of 4.5 billion men users. Other brands with a high number of users were Braun and Remington, ranking second and third in the same year. Furthermore, the spur in demand for electric shavers is also due to technological advancements and the growing consumer spending on grooming products.

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Furthermore, The demand for electric shavers is increasing globally on account of the rising population including young consumers as people of this age are more conscious about their well-being and spend more on personal grooming products. Additionally, with the advancement in technology and rapid urbanization across the globe, electric shavers are becoming an integral part of their daily lives. For instance, almost 56.15% of the total population in 2020 was living in urban areas, up from 52% in 2011. Also, the world’s population reached 7.7 billion in mid-2019, having added one billion people since 2007 and two billion since 1994. Furthermore, the growth in social media marketing has also played a significant role in influencing the youngsters in the region which is also adding to the pace of the growth of the electric shavers market.

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. All industries have suffered some form of loss due to the pandemic and the electric shavers industry has not been left untouched by this unprecedented crisis of modern times. This industry has its share of challenges due to the COVID-19 pandemic as the lockdown restrictions have resulted in the widespread closure of many production and manufacturing functions. As a result, there has been a decline in trade and transportation which has disrupted the supply chains of electric shavers because of which its market has witnessed shortfalls.

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Global electric shavers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily fragmented into

·        Foil Shavers

·        Clippers

·        Wet/Dry Shavers

·        Rotary Shavers

Amongst Types, foil shavers, clippers, wet/dry shavers, and rotary shavers are the key products. The clippers segment of the global electric shavers market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027 owing to the growing adoption of clippers owing to their cheaper price than other types.

By Distribution Channel, the market is primarily segmented into

·        Online

·        Offline

By Distribution Channel, the online segment dominated the global electric shavers market and will row at XX% CAGR to reach US$ XX billion by the year 2027 owing to the shifting consumer behavior towards online shopping.

By End-User, the market is primarily segmented into

·        Men

·        Women

By End-User, the men segment dominated the global electric shavers market and will row at XX% CAGR to reach US$ XX billion by the year 2027. However, the women segment is also expected to grow at a CAGR of XX% during the projected timeframe.

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Electric Shavers Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

·        Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)

·        Rest of the World

Geographically, the Europe region dominated the electric shavers market with almost US$ XX billion revenue in 2020 owing to the increasing disposable income of the consumers and the number of key players in the region.

The major players targeting the market includes

·        Koninklijke Philips N.V.

·        Panasonic Corporation

·        Procter & Gamble

·        The Gillette Company

·        Conair Corporation

·        Braun GmbH

·        Wahl Clipper GmbH

·        Spectrum Brand Holdings

·        Remington Products Company

·        Havells India Ltd.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the electric shavers market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the electric shavers market?

• Which factors are influencing the electric shavers market over the forecast period?

• What are the global challenges, threats, and risks in the electric shavers market?

• Which factors are propelling and restraining the electric shavers market?

• What are the demanding global regions of the electric shavers market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Contact

UnivDatos Market Insights

Pawnendra Pawan

Client Development Lead

Ph: +91-7838604911

Email: [email protected]

Website: https://univdatos.com/ds. 

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