Electric Shaver Market Size will Observe Substantial Growth Of USD 12.0 Billion by 2032

The electric shaver market refers to the industry that produces and sells electric-powered devices used for shaving facial and body hair. Electric shavers provide an alternative to traditional manual razors, offering convenience, ease of use, and potentially reducing the risk of cuts or skin irritation.

The electric shaver market has experienced significant growth in recent years due to advancements in technology, increasing disposable incomes, and changing grooming preferences. The Electric Shaver market is expected to grow from USD 6.9 billion in 2022 to USD 12.0 Billion by 2032, at a CAGR of 5.70% during the forecast period 2023-2032.

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Fior Markets offers a thorough analysis of market dynamics, including the market share and revenue projections. Application, kind, and geographic segmentation of industrial vendors have all been looked at. It is designed to help people achieve ecological growth in specific locations. The critical variables impacting the development of the Electric Shaver market, such as drivers, threats, entry barriers, opportunities, challenges, competitive approach, and market growth-boosting tactics, are comprehensively analyzed in the research. It imparts solid judgment to the reader, which they may use to develop their business plans and strategies. This study provides all the information required to create a business plan and boost profitability.

Some of the notable players in the market are Andis Co., Braun GmbH, Conair Corp., Havells India Ltd., Koninklijke Philips NV, and Xiaomi Corp.

Global Electric Shaver Market Analysis and Forecast, Type:
Rotary Shaver
Clippers & Accessories
Foil Shaver
Wet/Dry Shaver

Global Electric Shaver Market Analysis and Forecast, Product Nature:
Corded
Cordless

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Market Trends and Factors Driving Growth:

Growing demand for convenience: Electric shavers offer convenience and time-saving benefits compared to traditional razors. The busy lifestyles of consumers have led to an increased demand for electric shavers, as they provide a quick and efficient way to shave.

Technological advancements: Continuous innovations in electric shaver technologies have contributed to market growth. These advancements include features like precision trimming, wet/dry shaving capabilities, adjustable settings, and longer battery life.

Increasing focus on personal grooming: The rising emphasis on personal grooming and appearance among both men and women has fueled the demand for electric shavers. The desire to maintain a well-groomed appearance has driven the adoption of electric shavers as a grooming tool.

Rising disposable income: As disposable income levels increase, consumers are more willing to invest in premium electric shavers that offer superior performance, durability, and additional features. This has led to a shift towards higher-end electric shaver models.

Growing e-commerce channels: The rise of online shopping platforms has facilitated easy access to a wide range of electric shavers, providing consumers with more options and convenience. Online channels offer competitive pricing, product reviews, and convenient doorstep delivery.

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