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Electric Shavers - Global Market Trajectory & Analytics

  • ID: 2634509
  • Report
  • April 2021
  • Region: Global
  • 271 Pages
  • Global Industry Analysts, Inc
Global Electric Shavers Market to Reach $17.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Electric Shavers estimated at US$14.7 Billion in the year 2020, is projected to reach a revised size of US$17.9 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Clippers, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Foil Shavers segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 5.4% CAGR

The Electric Shavers market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Rotary Shavers Segment to Record 2.3% CAGR

In the global Rotary Shavers segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027, while Latin America will expand at a 3.1% CAGR through the analysis period.

Select Competitors (Total 31 Featured):
  • BaByliss
  • Braun GmbH
  • Conair Corporation
  • Koninklijke Philips N.V.
  • Panasonic Corp.
  • The Gillette Company
  • The Procter & Gamble Company
  • Wahl Clipper Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Electric Shavers: Providing Faster, Efficient, Convenient, Cost-Effective, and ComforTable Shave
  • Recent Market Activity
  • Market Fortunes Significantly Influenced by Trends in the Shaving Products Sector
  • Major Trends & Drivers for the Shaving Products Market
  • Rapidly Evolving Private Label Business
  • A Highly Competitive Market at the Global Level
  • Key Issues Confronting the Shaving Products Sector
  • Global Market Outlook
  • Asia-Pacific: Fastest Growing Electric Shavers Market Worldwide
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Conair Corporation (USA)
  • BaByliss (UK)
  • Koninklijke Philips N.V. (The Netherlands)
  • Panasonic Corporation (Japan)
  • The Procter & Gamble Company (USA)
  • The Gillette Company (USA)
  • Braun GmbH (Germany)
  • Spectrum Brands Holdings, Inc. (USA)
  • Remington Products Company L.L.C (USA)
  • Wahl Clipper Corporation (US)
3. MARKET TRENDS & DRIVERS
  • The 15-59 Years Age Group Accounting for the Largest Share of Global Population: The Fundamental Growth Driver
  • India & China: Two Countries with the Largest Young Population Offer Huge Market Expansion Opportunities
  • Growing Focus on Personal Grooming among Men Drives Healthy Market Demand
  • Manscaping Trend Shifts Focus from Male Facial Hair to Body Shaving
  • Male Hair Removal Gadgets: A Growth Engine for Personal Care Appliances Market
  • Surging Popularity of Premium High-Priced Electric Shavers Bodes Well for the Market
  • Ear and Nose Trimmers: An Underdeveloped Market Offering Untapped Growth Potential
  • Increasing Demand for Female Shaving Products Benefit Market Expansion
  • Opportune Time for Implementing Women-Focused Retail Strategies
  • Metrosexual Trends Goes Mainstream, Expanding Beyond Urban Youth
  • Expanding Urban Population: A Mega Trend Favoring Market Growth
  • Growing Middle Class Population Worldwide
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 31
Note: Product cover images may vary from those shown
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