Global Electric Shavers Market Set to Grow at Healthy CAGR of 5.95 % by 2026

Global Electric Shavers Market By Product (Oil Shaver, Wet/Dry Shaver, Clippers, A Rotary Shaver, Accessories), End- User (Male, Female), Distribution Channel (Health & Beauty Stores, General Merchandising/Mass Stores, Supermarkets & Hypermarkets, Others), Type (Rechargeable Shaver, Battery Type Shaver)

Market Definition: Global Electric Shavers Market

Electric shaver or electric razor is a device which is used for shaving and usually have oscillating and rotating blade. There main function is to remove the unrequired hairs from the body. These electric shavers don’t need any kind of soap, water or shaving foam. They are mainly of two types rechargeable and battery type. They are majorly available in two categories rotatory and foil. These shavers are widely used by men so that they can remove their facial hairs. Increasing beauty consciousness among population is the factor fuelling the growth of this market.

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Market Drivers:

• Increasing beauty consciousness among men and women are the factor driving the market growth
• Rising disposable income will also propel the growth of this market
• Less maintenance cost and easy handling is another factor driving the market
• Increasing demand of electric shavers from salons and parlour is another factor contributing in the growth of the market

Market Restraints:

• High cost of the electric shavers is restraining the growth of this market
• Availability of non-electrical counterparts of this product is also hampering the market growth

Market Analysis: Global Electric Shavers Market

Global Electric Shavers Market is set to witness a substantial CAGR of 5.95% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing use of electronic shaving machine and rising number of salons and parlour are the factor for the growth of this market.

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Global Electric Shavers Market Segmentation:

By Product

• Oil Shaver
• Wet/Dry Shaver
• Clippers
• A Rotary Shaver
• Accessories

By End- User

• Male
• Female

By Distribution Channel

• Health & Beauty Stores
• General Merchandising/Mass Stores
• Supermarkets & Hypermarkets
• Others

By Type

• Rechargeable Shaver
• Battery Type Shaver

Key Developments in the Market:

In August 2018, Royal Philips announced the launch of their new Shaver Series 9000 Prestige which is specially designed for the man who require blade-close shave but want better skin comfort. This new device is very suitable for man as it make the shaving comfortable and gentle.

Competitive Analysis:

Global Electric Shavers Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric shavers market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Data collection and base year analysis is done using data collection modules with large sample sizes.