Electric Shavers Market Report, Size with Growth Research 2021 - Comprehensive Insights

Electric shaver or electric razor refers to the appliance which is extensively utilized for shaving. They are used for removal of unrequired hair from the body and they do not need any kind of soap, water or shaving foam for shaving or trimming. The boost in the preference towards personal care and grooming across the globe acts as one of the key factors driving the growth of electric shaver market. The increase in the demand of electric shavers from salons and parlor and boost in the implementation of electric shavers or electric razors as they help in saving expenditure of safeguarding of hair and beard and they are easy to employ accelerate the market growth. The accessibility of variety of kinds of electric shavers in accordance to frequent requirements of the consumers and lucrative offers provided by the manufacturers’ further influence the market. Furthermore, enhance in disposable income, smart strategic marketing activities and change in lifestyle positively affect the electric shavers market.

On the other hand, elevated expenditure connected with the electric shavers is likely to hamper the market development. Availability of non-electrical counterparts of this product is expected to challenge the electric shavers market throughout the forecast period.

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Covid-19 Impact on the Market

Covid-19 affected the global economy in a variety of ways. Production and demand were unfavorably affected owing to the shutting down of manufacturing plants. Restrictions imposed by local governments to curb the spread of virus considerably impacted the salon business. Therefore, a downswing in salon business drastically impacted the sales of shavers in commercial sectors. Besides this, the occurrence of Covid-19 further resulted in a drastic change in consumer buying behavior. Shift in consumer expenditure from non-essential to indispensable products further impacted sales in the early period of the outbreak, as such, posing various challenges on the sales front.

Based on type, the electric shavers’ market is segmented into wet/dry shavers, clippers, rotary shavers, and foil shavers. The wet/dry shavers accounted for a notable revenue share of the market. Increasing adoption and high price as compared to disposable razors has facilitated the segment to hold a significant share as compared to others. Based on end user, the electric shavers’ market is segmented into men and women. The men segment held the leading share of the market. However, rapid changing lifestyles and urbanization are major factors projected to further driving the adoption of shavers among both, males and female sectors. Based on distribution channel, the electric shavers’ market is segmented into online and offline. The offline segment held the leading share of the market. However, with enhanced digital penetration, online sales are expected to register high growth during the forecast period.

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For better understanding of the market, the report provides detailed analysis for major regions including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of World. Europe dominates the electric shavers’ market due to the advanced implementation rate of electric shavers and presence of huge grooming sector within the region. Asia-Pacific is likely to witness the fastest growth throughout the forecast because of the urbanization and economic development in the region. Leading players included in the report are Koninklijke Philips N.V., Panasonic Corporation and Procter & Gamble.

Global Electric Shavers Market Segmentation

Market Insights, by Type

• Wet/Dry Shavers
• Clippers
• Rotary Shavers
• Foil Shavers

Market Insights, by Distribution Channel

• Online
• Offline

Market Insights, by End-User

• Men
• Women

Market Insights, by Region

• North America Electric Shavers Market
  • United States
  • Canada
  • Rest of North America
• Europe Electric Shavers Market
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific Electric Shavers Market
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Rest of World Electric Shavers Market

Top Company Profiles          

• 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 Lt.

 

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Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

• The market report presents the estimated market size of Electric Shavers Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

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What aspects regarding the regional analysis Market are included in this report?

• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Players
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.