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Electric Shavers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Electric Shavers Market:

Electric shavers are being increasingly preferred to manual razors across the world due to greater comfort these provide to the user. Electric shavers contain an assembly of one or multiple blades that are operated by a battery or a plug-in power source. These make the process of shaving more convenient as well as safer than manual razors due to their automated function and inclusion of safety components such as a guard plate to protect the chin from the device. The increasing attention paid by the modern man to personal grooming has driven the global electric shavers market and will continue to be an influential factor in the growth of the market in the next few years.

The report on the global electric shavers market answers pertinent questions having a bearing on the market’s performance. The major players in the electric shavers market are profiled in the report in order to brief the readers about the competitive landscape of the market. The major segments of the market are also examined in the report to provide a comprehensive overview of the market. The key trends observed in the market are also analyzed in the report to enable market participants to make decisions based on up-to-date intelligence about the expected trajectory of the market.

Global Electric Shavers Market: Drivers and Restraints

Increasing beauty consciousness among women and men across the world is the primary driver of the global electric shavers market. Women have always been the target population for manufacturers of various beauty and personal care products. However, men have also become increasingly interested in personal care and grooming. This has led to near-universal demand for various beauty products, shavers being one of the most important of them.

The convenience of electric shavers over manual razors is another key driver of the global electric shavers market. Electric shavers are safer than manual razors due to the mechanized limits on how much of the blade can be exposed to the skin. This is effective in preventing cuts and scrapes, massively improving the overall performance of the shaver.

Electric shavers also function faster than manual razors due to their mechanized action, and often do not require shaving gels or creams. This reduces the overall expenditure required by the user on personal care products. Many advanced electric shavers also require less maintenance than manual razors and last longer, which increases their appeal.

Global Electric Shavers Market: Geographical Dynamics

Among the major regional segments of the global electric shavers market, Asia Pacific has emerged as a major market due to the increasing disposable income of consumers in the region. The personal care and beauty devices industries are experiencing robust growth in Asia Pacific due to the increasing interest of consumers. Electric shavers are among the most commonly used products in the personal care market. Large population in India and China and rapid rate of urbanization in these countries are the major drivers of the electric shavers market, with urban consumers increasingly starting to adopt Western fashion values, which includes regular shaving.

Major companies operating in the global electric shavers market are Procter & Gamble, The Gillette Company, Conair Corporation, Koninklijke Philips Electronics N.V., Braun GmbH, Remington Products Company, Wahl Clipper Corporation, and Spectrum Brands Holdings, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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