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Top Factor Driving Electric Head Shaver Market share Growth in 2025: Rising Men's Salons Drive Growth In Electric Head Shaver Market share
How Big Is the Electric Head Shaver Market Expected to Be, and What Will Its Growth Rate Be?In the past few years, the market size for electric head shavers has seen robust growth. It's projected to expand from $20.07 billion in 2024 to $21.35 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.4%. Factors contributing to the growth during the historic period include shifting consumer preferences, an uptick in the awareness of male grooming, health and hygiene priorities, marketing and advertising strategies, as well as the growth of e-commerce.
In the forthcoming years, the electric head shaver market is projected to witness robust growth, rising to a valuation of $26.97 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%. The growth anticipated during this forecast period can be credited to improvements in shaver technology, higher levels of disposable income, amplified urbanization, product tailoring, and eco-friendly, sustainable products. Key trends predicted for this period involve the incorporation of smart technology, enhanced battery life, the surge in multi-purpose grooming devices, the inception of subscription-based services, and pioneering breakthroughs in blade technology.
What Factors Are Propelling the Expansion of the Electric Head Shaver Market?
The augmentation of men's salons is anticipated to drive the expansion of the electric head shaver market in future. Essentially, a men's salon is a grooming unit that offers exclusive hair and other grooming services for men, including specialized shaves and haircuts. The growth of these establishments is attributed to an upswing in men's grooming consciousness and the need for services that cater specifically to male grooming requirements. Such salons employ the use of electric head shavers to ensure efficient, quick, and detailed shaves in line with the client's distinct preferences. Evidence of this is seen in January 2024 when the National Hair and Beauty Federation (NHBF) - a trade association based in the UK, noted a rise in the number of men's hair and beauty establishments in the country, reaching over 61,000 in 2023 from a previous 48,000 in 2022. Therefore, the growth of the electric head shaver market is being propelled by the increasing proliferation of men's salons.
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Who Are the Dominant Companies Influencing Electric Head Shaver Market Trends?
Major companies operating in the electric head shaver market are Procter & Gamble, Panasonic Corporation, Xiaomi Corporation, Koninklijke Philips N.V., Kibiy, Wahl Clipper Corporation, Vector Group Ltd. (VGR), Conair Corp., Shanghai Flyco Electrical Appliance Co Ltd, Andis Company, Shanghai POVOS Electric Works Co. Ltd, Braun GmbH, Vivitar Corporation, Hammacher Schlemmer, HeadBlade Inc., Skull Shaver, Fancii & Co., BaBylissPRO, IWEEL, Elehot, Wenzhou Pritech Industrial, Groom Mate, Suprent, Moosoo Corporation
How Is the Electric Head Shaver Market Evolving?
Leading companies in the electric head shaver market are prioritizing the creation of innovative grooming tools such as hybrid trimmers and shavers to enhance grooming experiences. Hybrid trimmers and shavers are advanced grooming appliances that combine shaving and trimming capabilities for comprehensive hair and beard care. For example, in May 2024, the Netherlands-based health technology firm, Koninklijke Philips N.V., launched the OneBlade Face and Body, a revolutionary hybrid trimmer and shaver meant to refine men's grooming experience. This trailblazing product offers crucial elements like the capacity to trim, edge, and shave any length of hair and can also be utilized for head hair cutting. The product's dual protection system, encompassing a glide coating and rounded edges, guarantees a more comfortable and efficient shave. Moreover, its high-speed cutter, moving at 6000 rotations per minute, is competent at trimming even long hairs effectively.
What Are the Different Segmentations in the Electric Head Shaver Market?
The electric head shaver market covered in this report is segmented -
1) By Type: Washable Type, Non-Washable Type
2) By Blade Material: Stainless Steel, Titanium, Ceramic
3) By Technology: Rechargeable, Battery Operated
4) By Age Group: Adults, Teenagers
5) By Application: Personal Use, Professional Use
Subsegments:
1) By Washable Type: Fully Waterproof Electric Head Shavers, Water-Resistant Electric Head Shavers
2) By Non-Washable Type: Corded Non-Washable Electric Head Shavers, Cordless Non-Washable Electric Head Shavers
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Which Region Is at the Forefront of the Electric Head Shaver Market?
Europe was the largest region in the electric head shaver market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric head shaver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Electric Head Shaver Global Market Report?
- Market Size Analysis: Analyze the Electric Head Shaver Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Head Shaver Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Head Shaver Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Head Shaver Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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