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1031309

Electric Shavers Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 231 Pages | Delivery time: 1-2 business days

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Electric Shavers Market: Current Analysis and Forecast (2021-2027)
Published: September 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 231 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Electric shavers are electrical devices used for shaving which are powered by a small DC motor. It is a razor having rotating or oscillating blades behind the metal guard. these shavers do not usually require the use of shaving creams, soaps, or water. Many modern electric shavers are rechargeable and are cordless.

With rapid technological advancement and the rising in the adoption of grooming products in our daily lives, there has been a surge in consumer spending on personal care across the globe which in turn is driving the growth of electric shavers. For instance, in 2019, consumer spending was at around USD 45,709,455,000, an increase from USD 42,939,185,000 in 2018. Also, owing to the launch of new and innovative products in the market is attracting more and more consumers globally. For instance, in 2020, nearly 4.37 million people used Philips electric and battery shavers and almost 2.7 million people used electric shavers of Braun company in Great Britain.

The electric shavers market is growing exponentially on account of growth in the living standards coupled with the rising urban population across the world as the adoption of electric shavers is primarily witnessed among people living in urban areas. For instance, according to The World Bank Data, in 2018, nearly 55.27% of the global population was urban and it was increased to 56.15% in 2020. further, it has been anticipated that almost 60% of the world's population will be living in urban areas. In addition to this, the rise in the younger population and the growing awareness regarding personal grooming are also driving the market growth globally.

Based on type, the market is fragmented into foil shavers, clippers, wet/dry shavers, and rotary shavers. The clippers segment generated revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 owing to the growing adoption of clippers in their regular use as these are cheaper than other types of electric shavers.

Based on distribution channels, the market is fragmented into online and offline. The online segment generated revenue of USD XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F owing to the shifting consumer behavior towards online shopping.

Based on the end-user, the market is fragmented into men and women. The men segment generated revenue of USD XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F. However, the women segment is also anticipated to grow with a considerable CAGR of XX% during the forecast period.

For a better understanding of the market adoption of electric shavers, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific), and Rest of World. Europe constitutes a major market for the electric shavers industry and generated revenue of USD XX million in 2020 owing to the rapid urbanization and rising income level of middle- and upper-class consumers in the region.

Some of the major players operating in the market include Koninklijke Phillips 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., etc. Several M&A's along with partnerships have been undertaken by these players to develop new and advanced electric shavers.

This market is expected to witness a boost on account of the increasing demand for electric shavers among end-users and the rising consumer expenditure on personal care all over the world. In addition to this, key players worldwide are introducing innovative electric shavers to cater to the middle-income group propelling the growth of the electric shaver market across the globe.

Product Code: UMCG21420

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1 Market Definitions
  • 1.2 Objective of the Study
  • 1.3 Limitation
  • 1.4 Stake Holders
  • 1.5 Currency Used in Report
  • 1.6 Scope of the Global Electric Shavers Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1 Research Methodology for the Global Electric Shavers Market
    • 2.1.1 Main Objective of the Global Electric Shavers Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL ELECTRIC SHAVERS MARKET REVENUE

7 MARKET INSIGHTS BY TYPE

  • 7.1 Foil Shavers
  • 7.2 Clippers
  • 7.3 Wet/Dry Shavers
  • 7.4 Rotary Shavers

8 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

  • 8.1 Online
  • 8.2 Offline

9 MARKET INSIGHTS BY END-USERS

  • 9.1 Men
  • 9.2 Women

10 MARKET INSIGHTS BY REGION

  • 10.1 NORTH AMERICA ELECTRIC SHAVERS MARKET
    • 10.1.1 United States
    • 10.1.2 Canada
    • 10.1.3 Rest of North America
  • 10.2 EUROPE ELECTRIC SHAVERS MARKET
    • 10.2.1 Germany
    • 10.2.2 France
    • 10.2.3 United Kingdom
    • 10.2.4 Spain
    • 10.2.5 Italy
    • 10.2.6 Rest of Europe
  • 10.3 ASIA PACIFIC ELECTRIC SHAVERS MARKET
    • 10.3.1 China
    • 10.3.2 Japan
    • 10.3.3 India
    • 10.3.4 Australia
    • 10.3.5 Rest of Asia Pacific
  • 10.4 REST OF THE WORLD ELECTRIC SHAVERS MARKET

11 ELECTRIC SHAVERS MARKET DYNAMICS

  • 11.1 Market Drivers
  • 11.2 Market Challenges
  • 11.3 Impact Analysis

12 ELECTRIC SHAVERS MARKET OPPORTUNITIES

13 ELECTRIC SHAVERS MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

  • 15.1 Demand Side Analysis
  • 15.2 Supply Side Analysis
    • 15.2.1 Top Product Launches
    • 15.2.2 Top Business Partnerships
    • 15.2.3 Top Merger & Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

  • 17.1 Porter's Five forces analysis
    • 17.1.1 Bargaining power of Supplier
    • 17.1.2 Bargaining power of Buyer
    • 17.1.3 Industry Rivalry
    • 17.1.4 Availability of Substitute
    • 17.1.5 Threat of new Entrants

18 COMPANY PROFILED

  • 18.1 Koninklijke Philips N.V.
    • 18.1.1 Key Facts
    • 18.1.2 Business Description
    • 18.1.3 Key Product/Services Offerings
    • 18.1.4 Growth Strategy
    • 18.1.5 SWOT Analysis
    • 18.1.6 Key Financials
      • 18.1.6.1 Revenue Split
      • 18.1.6.2 Financial Overview of Koninklijke Philips N.V.
    • 18.1.7 Recent Developments
      • 18.1.7.1 Product Launch
      • 18.1.7.2 Partnerships
      • 18.1.7.3 Business Expansion and Investments
      • 18.1.7.4 Merger and Acquisition
  • 18.2 Panasonic Corporation
  • 18.3 Procter & Gamble
  • 18.4 The Gillette Company
  • 18.5 Conair Corporation
  • 18.6 Braun GmbH
  • 18.7 Wahl Clipper GmbH
  • 18.8 Spectrum Brand Holdings
  • 18.9 Remington Products Company
  • 18.10 Havells India Ltd.

19 DISCLAIMER