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Global Electric Hair Clipper And Trimmer Market 2023 - Main Players, Size, Key Drivers And Forecast To 2032
Electric Hair Clipper And Trimmer Market Analysis
The Business Research Company's Electric Hair Clipper And Trimmer Global Market Report 2023 identifies demand for consumer electronic products as the major driver for the electric hair clipper and trimmer market's growth in the forecast period. Consumer electronics (CE) refer to any electronic equipment intended for purchase and usage by end users or consumers on a daily and non-commercial or professional basis. Electric hair clippers and trimmers are consumer personal care appliances and products for grooming. They are also used to shear animals, and their sales have been growing significantly due to a surge in demand. Additionally, globalization and westernization have also favored the demand for electric hair clippers and trimmers.
The global electric hair clipper and trimmer market size is expected to grow from $5.21 billion in 2022 to $5.42 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric hair clipper and trimmer market size is expected to grow to $6.17 billion in 2027 at a CAGR of 3.3%.
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Major competitors in the electric hair clipper and trimmer market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands Holdings Inc., Procter and Gamble, Panasonic Holdings Corporation.
A key trend in the electric hair clipper and trimmer market includes technological advancement. Electronic device development and innovations progress the industry's demand for electric hair clippers and trimmers. The market is witnessing the implementation of compact, water-resistant, high torque-motored, cordless, and higher power outage products. For instance, in April 2022, Wahl Clipper Corporation, a US-based company operating in the electric hair clipper and trimmer market launched the Wahl Cordless Pro Clipper, a cordless hair clipper that uses advanced lithium-ion battery technology to last longer and delivers the necessary power for hair cutting. Its powerful lithium-ion battery technology provides up to 2 hours of power with quick charging technology, and a smart-charge technology display light displays battery condition. Furthermore, the clipper motor provides power and stroke for smooth, snag-free haircutting while operating silently.
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The electric hair clipper and trimmer market is segmented -
1) By Product: Corded, Cordless
2) By Application: Adults, Kids, Cattles
3) By Distribution Channels: Offline Sales, Online Sales
4) By End-Users: House-Holds, Barbers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electric hair clipper and trimmer market.
The Business Research Company's "Global Electric Hair Clipper And Trimmer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Hair Clipper And Trimmer Market Include:
1. Executive Summary
2. Electric Hair Clipper And Trimmer Market Characteristics
3. Electric Hair Clipper And Trimmer Market Trends And Strategies
4. Electric Hair Clipper And Trimmer Market - Macro Economic Scenario
5. Electric Hair Clipper And Trimmer Market Size And Growth
……
26. Africa Electric Hair Clipper And Trimmer Market
27. Electric Hair Clipper And Trimmer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Hair Clipper And Trimmer Market
29. Electric Hair Clipper And Trimmer Market Future Outlook and Potential Analysis
30. Appendix
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