Electric Shoe Polisher Market is estimated to achieve a size of $98.5 million, with a steady rise at a Compound Annual Growth Rate (CAGR) of 5.3% from 2021 to 2030

According to a new report published by Allied Market Research, titled, "global electric shoe polisher market by product type, end user, distribution channel, and region: global opportunity analysis and industry forecast, 2021-2030," the global electric shoe polisher market size was valued at $45.4 million in 2020, and is projected to reach $98.5 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.

An electric shoe polisher is used to clean and polish shoes to give a shiny look. Unlike traditional shoe polishers, these electric shoe polishers save time and polishes shoes faster. The machine helps in giving a shiny look to shoes for a longer period. An automatic shoe polisher operates with infrared sensors. With cream or wax placed in the middle of the machine. Sensor detects shoe placed in machines and brush cleans shoes. In addition, electric shoe polishers have become a part of many offices, hotels, and airports. Moreover, surge in youth population, improved lifestyle, and rise in disposable income of individuals in developing countries are anticipated to offer immense opportunities for the electric shoe polisher market growth during the forecast period.

The outbreak of coronavirus has negatively impacted the electric shoe polisher industry along with all stages of supply chain and value chain. Presently, the supply chain is far more complex as compared to what it was a decade ago. The COVID-19 pandemic has not only hampered production facilities but also disrupted supply chains such as material suppliers and distributors of the electric shoe polisher market globally, impacting the electric shoe polisher market demand, in terms of value sales.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/13456

Furthermore, by distribution channel, the online store segment is anticipated to be the fastest growing segment, in terms of value sales during the forecast period. This is attributed to the fact that e-commerce is becoming a popular medium for purchase of electronic goods including electric shoe polishers among customers. This is attributed to easy availability of electric shoe polishers and benefits provided by these stores such as information about product functional attribute, time-saving features, and facility of home delivery to customers.

The global electric shoe polisher equipment market segments are categorized into product type, end user, distribution channel, and region. By product type, it is classified into fully automatic and handheld automatic. By end user, it is divided into residential and commercial. On the basis of distribution channel, it is segregated into specialty store, B2B, online store, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and Rest of LAMEA).

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/13456

Key findings of the study

By product type, the fully automatic segment accounted for the highest electric shoe polisher market share in 2020, growing at a CAGR of 5.1% from 2020 to 2030.
By end user, the commercial segment accounted for the highest electric shoe polisher market share in 2019, growing at a CAGR of 5.0% from 2020 to 2030.
By distribution channel, the B2B segment accounted for the highest market share in 2020, growing at a CAGR of 4.3% from 2020 to 2030.
By Region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the electric shoe polisher market forecast period.

Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. In the recent past, many leading players opted for product launch as a business strategy to strengthen their foothold in the market. To understand the key trends of the market, strategies of leading players are analyzed in the report. Some of the key players in the electric shoe polisher market analysis includes Beck Shoe Products Co., Braukmann GmbH, Comfort House, Dolphy India Pvt. Ltd., ESFO AB, Euronics Industries Pvt Ltd, Expondo GmbH, HEUTE Maschinenfabrik GmbH & Co. KG, Orchids International, and Sunpentown Inc.

Buy Now :- https://www.alliedmarketresearch.com/checkout-final/d0eb217303e040e7c71b3ccd64d3482f

Similar Reports:

Shavers Market: Global Opportunity Analysis and Industry Forecast, 2021-2028
https://www.alliedmarketresearch.com/shavers-market-A08352

Instant Water Heater Market: Global Opportunity Analysis and Industry Forecast, 2021-2027
https://www.alliedmarketresearch.com/instant-water-heater-market-A06809

Electric Wheelchair Market: Global Opportunity Analysis and Industry Forecast, 2021-2027
https://www.alliedmarketresearch.com/electric-wheelchair-market

Electric Hair Brush Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
https://www.alliedmarketresearch.com/electric-hair-brush-market-A06111

Contact Us
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

This release was published on openPR.