Press release
Electric Head Shaver Market Poised for 6 % Growth, Set to Hit $15.74 Billion by 2029
Electric Head Shaver
The increasing number of men's salons is expected to drive the growth of the electric head shaver market. Men's salons specialize in grooming services for men, and their growing popularity is linked to increasing awareness of male grooming. Electric head shavers are widely used in these salons for efficient, close head shaves. For instance, in January 2024, the National Hair and Beauty Federation (NHBF) reported that the number of men's hair and beauty businesses in the UK grew to over 61,000 in 2023, up from 48,000 in 2022. As men's salons continue to rise, they are driving the electric head shaver market.
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What growth opportunities are expected to drive the electric head shaver market's CAGR through 2034?
The electric head shaver market is set to rise from $20.07 billion in 2024 to $21.35 billion in 2025, at a CAGR of 6.4%. This growth is driven by changing consumer preferences, greater awareness of male grooming, health and hygiene concerns, increased marketing and advertising, and the growth of e-commerce.
The electric head shaver market is expected to experience strong growth, reaching $26.97 billion by 2029 at a CAGR of 6.0%. The growth is driven by advancements in shaving technology, rising disposable income, urbanization, product customization, and demand for eco-friendly products. Trends include smart technology integration, enhanced battery performance, multifunctional grooming devices, subscription services, and blade technology improvements.
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What are the emerging trends shaping the future of the electric head shaver market?
Companies in the electric head shaver market are introducing hybrid trimmers and shavers to offer more versatility for grooming. These devices combine trimming and shaving functionalities for efficient hair and beard maintenance. For example, in May 2024, Koninklijke Philips N.V., a health technology company from the Netherlands, launched the OneBlade Face and Body, a hybrid trimmer and shaver designed to trim, edge, and shave any hair length. It includes features like a dual protection system for comfort, a fast-moving cutter, and a user-friendly design for a seamless grooming experience.
Which growth-oriented segments of the electric head shaver market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the electric head shaver market?
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
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What Is Covered In The Electric Head Shaver Global Market Report?
•Market Size Forecast: Examine the electric head shaver market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric head shaver market for a structured understanding.
•Key Players Overview: Analyze major players in the electric head shaver market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric head shaver market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric head shaver market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric head shaver market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric head shaver market.
•Competitive Landscape: Review strategic developments in the electric head shaver market, including expansions, agreements, and new product launches.
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