Press release
Electric Shavers Market to Expand at CAGR of 5.7 % During Forecast Period 2016-2024
The increasing demand for electric shavers among the female population is one of the key factors driving the electric shavers market at the global level. The female population make a lucrative consumer segment, which manufacturers are eyeing to capitalize on. However, the impact of the driver is low due to the weak penetration of electric shavers especially among female consumers in underdeveloped nations.
Get report details:
https://www.transparencymarketresearch.com/electric-shavers-market.html
Nevertheless, the rising preference towards personal care and grooming has fuelled the demand for electric shavers in both men and women. Besides this, the market is gaining from greater shift towards electric shavers from their traditional counterparts due to the increasing demand for greater comfort.
Furthermore, the increasing demand for improved lifestyle, especially among consumers across developed nations will aid the market’s expansion. According to Transparency Market Research (TMR), the global electric shavers market, which stood at US$10.8 bn in 2015, is forecast to reach US$17.72 bn by the end of 2024. If these figures hold true, the global electric shavers market will exhibit a positive CAGR of 5.7% between 2016 and 2024.
Grab an Exclusive PDF Brochure of this Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11642
Clippers to Remain Dominant Product Segment
Based on product, the global electric shavers market is segmented into foil shaver, rotary shaver, wet/dry shaver, accessories, and clippers. Both in terms of revenue and volume, the clippers segment dominated the overall market in 2015. According to TMR, clippers accounted for over 71.37% of the overall market based on volume in 2015. The advent of this product has replaced its manual counterpart across many countries. Furthermore, owing to the cheaper price of clippers than other types of shavers, their demand is currently higher than other segments in the market. Besides this, the market also witnesses considerable demand for rotary and foil shavers.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/mosquito-repellent-market-to-surpass-us-7-96-bn-by-2031--popularity-of-natural-innovative-products-drives-growth---tmrs-study-301395325.html
By end use, the global electric shavers market can be broadly classified into male and female. Male users emerged dominant holding over 66.3% of the overall market in 2015. Through the course of the forecast period, male consumers will constitute the dominant segment. However, the rising preference towards personal grooming products is expected to fuel the demand for electric shavers among female consumers as well in the coming years.
According to TMR, the male segment will continue exhibiting steady demand for electric shavers on account of their daily use. Substantial growth is forecast for the female segment as the demand for convenient methods of hair removal scale higher. Moreover, the female users segment is likely to exhibit a higher CAGR during the course of the forecast period.
Buy now our premium research report @
https://www.transparencymarketresearch.com/checkout.php?rep_id=11642
About TMR
TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.
Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Shavers Market to Expand at CAGR of 5.7 % During Forecast Period 2016-2024 here
News-ID: 2468282 • Views: …
More Releases from transperency market reasearch
Distributed Buoyancy Module Market Size, Share and Forecast By Top Key Players - …
The global Distributed Buoyancy Module Market (분산 부력 모듈 시장) has been sailing through robust waters, witnessing a valuation of US$ 80.9 million in 2023. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2034. By the end of 2034, the industry is expected to anchor…
Pick and Place Machines Market worth $3.5 billion by 2031, at a CAGR of 3.9% As …
The global Pick and Place Machines has been sailing through robust waters, witnessing a valuation of US$ 2.6 billion in 2023. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
Smart Oven Market to Rise at 15.7% CAGR during the Forecast Period - TMR Study
The global Smart Oven market is estimated to attain a valuation of US$ 666.8 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 15.7% during the forecast period, 2022-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Soil Aerators Market Research In-Depth Analysis, Manufacturers, Forecasts 2018 - …
Aeration is the process of inserting small holes in the ground to provide air circulation, better nutrients, and water for the grass roots. Soil air circulation is letting out stale carbon dioxide and making room for fresh oxygen in the soil. It is necessary to aerate the soil as some of the soil particles are very compact and as a result gets accumulated in a small space. Soil aeration separates…
More Releases for TMR
Ophthalmic Drugs Market Reviews 2027 | TMR Study
Ophthalmic Drugs Market: Overview
According to Transparency Market Research's latest report on the global Ophthalmic Drugs Market for the historical period 2017-2018 and forecast period 2019-2027, Rising adoption of newly developed therapeutics in ophthalmology, Increasing incidence rates of eye related disorders, Advanced retinal treatment approvals for unmet needs in eye disorders, Significant awareness about the diagnosis and treatment of eye disorders are projected to drive the global Ophthalmic Drugs Market during the forecast period.
According…
Electronic Lab Notebook (ELN) Market | TMR Research
Global Electronic Lab Notebook (ELN) Market: Overview
Rising adoption of robotics and process automation in various business verticals, especially in healthcare sector is the prime reason for the growth of global electronic lab notebook (ELN) market. With ELN solutions it is now possible to set-up, execute and monitor the derived result in much lesser time. Owing to these benefit the global electronic lab notebook market in the forecast period of 2018…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Compound Chocolate Market 2018-2028 | TMR Research
Global Compound Chocolate Market: Overview
The demand within the global compound chocolate market has been rising on account of advancements in the field of confectioneries. The use of compound chocolate manufacture novel food products has played to the advantage of the global market. Compound chocolate is made up of cocoa and vegetable sweeteners, and this is the most unique trait of this form of chocolate. Several new and old vendors in…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
TMR - Research Reports
The torque sensor is a device that is used to measure and record torque on a rotating system. Torque monitoring and measurement are critical parameters in nearly all rotating parts, equipment and machines, which guarantees high performance. Torque monitoring is implemented by using torque systems. There are two types of torque systems - static and dynamic torque. Dynamic torque is tricky to measure and requires transfer of some form of…
