PUBLISHER: The Business Research Company | PRODUCT CODE: 1269078
PUBLISHER: The Business Research Company | PRODUCT CODE: 1269078
“Electric Hair Clipper And Trimmer Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric hair clipper and trimmer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric hair clipper and trimmer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electric hair clipper and trimmer market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the electric hair clipper and trimmer market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands Holdings Inc., Procter and Gamble, Panasonic Holdings Corporation, Conair Corporation, Sunbeam Products, Havells, Xiaomi Corporation, Andis Company Inc., Zed Lifestyle Pvt Ltd., Syska, Brio Product Group and General Electric Company.
The global electric hair clipper and trimmer market is expected to grow from $5.21 billion in 2022 to $5.42 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric hair clipper and trimmer market is expected to grow to $6.17 billion in 2027 at a CAGR of 3.3%.
The electrical hair clipper and trimmer market consists of sales of stainless steel blades, motors, printed circuit boards, lithium-ion batteries, and casings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Electric hair clippers and trimmers are electrical grooming equipment with small moving blades that are used to cut hair. They operate on the same concept as scissors but differ from both scissors and razors. A clipper is meant for bulk hair cutting on a large area of application but does not cut particularly near the skin; it is usually used for human hair and to shear cattle animals. A trimmer is an equipment, used for grooming human hair that works very close to the skin and is meant for edging, outlining dry shaving, and mild shaping on limited areas of application.
North America was the largest region in the electric hair clipper and trimmer market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of electric hair clipper and trimmer are corded and cordless. Corded electric hair clippers and trimmers refer to vibrating device that is used for haircut and hair removal applications and has a plug-in interface. These are used for different applications for adults, kids, and cattle, distributed by offline sales and online sales for the end-users including house-holds and barbers.
Demand for consumer electronic products is expected to propel the growth of the electric hair clipper and trimmer market going forward. Consumer electronics (CE) refer to any electronic equipment intended for purchase and usage by end users or consumers on a daily and non-commercial or professional basis. Electric hair clippers and trimmers are consumer personal care appliances and products for grooming. They are also used to shear animals, and their sales have been growing significantly due to a surge in demand. Additionally, globalization and westernization have also favored the demand for electric hair clippers and trimmers. For instance, in January 2022, according to a report published by the Electronic Components Industry Association (ECIA), a US-based trade association for electronic component manufacturers, the growth of consumer electronic components in the Americas has accelerated from the low point of 2nd quarter of 2020, with quarterly revenues now over $6.6 billion and a year-over-year increase of 21% between quarter 2 of 2020 and quarter 3 of 2021. Therefore, the rise in demand for consumer electronic products is driving the electric hair clipper and trimmer market.
Technological advancements have emerged as a key trend gaining popularity in the electric hair clipper and trimmer market. Electronic device development and innovations progress the industry's demand for electric hair clippers and trimmers. The market is witnessing the implementation of compact, water-resistant, high torque-motored, cordless, and higher power outage products. For instance, in April 2022, Wahl Clipper Corporation, a US-based company operating in the electric hair clipper and trimmer market launched the Wahl Cordless Pro Clipper, a cordless hair clipper that uses advanced lithium-ion battery technology to last longer and delivers the necessary power for hair cutting. Its powerful lithium-ion battery technology provides up to 2 hours of power with quick charging technology, and a smart-charge technology display light displays battery condition. Furthermore, the clipper motor provides power and stroke for smooth, snag-free haircutting while operating silently.
The increasing prevalence of e-commerce platforms is expected to propel the growth of the electric hair clippers and trimmers market. E-commerce refers to the purchase and sale of products or services through the internet, as well as the transmission of money and data to complete these transactions. Electric hair clippers and trimmers are being sold by multiple brands on e-commerce platforms. Additionally, the emergence of the COVID-19 pandemic has favored the growth of e-commerce platforms. For instance, according to the US Department of Commerce, a US-based federal agency, e-commerce for the third quarter of 2022 climbed 10.8% (1.2%) from the third quarter of 2021, while overall retail sales increased 9.1% (0.4%) in the same time. In the third quarter of 2022, e-commerce sales accounted for 14.8% of total revenues. Therefore, the increasing prevalence of e-commerce platforms is driving the growth of the electric hair clippers and trimmers market.
The countries covered in the electric hair clipper and trimmer market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The electric hair clipper and trimmer market research report is one of a series of new reports from The Business Research Company that provides electric hair clipper and trimmer market statistics, including electric hair clipper and trimmer industry global market size, regional shares, competitors with an electric hair clipper and trimmer market share, detailed electric hair clipper and trimmer market segments, market trends and opportunities, and any further data you may need to thrive in the electric hair clipper and trimmer industry. This electric hair clipper and trimmer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.