Electric Hair Clipper And Trimmer Market Expected to Achieve 2.5% CAGR by 2029: Growth Forecast Insights

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How Large Will the Electric Hair Clipper And Trimmer Market Size By 2025?
There has been a slight expansion in the market size of electric hair clippers and trimmers in recent times. The industry is set to go from a value of $5.93 billion in 2024 to an estimated $6.02 billion in 2025, delivering a compound annual growth rate (CAGR) of 1.5%. The growth observed in the past era has been linked to elements such as customer testimonials and referrals, adaptable multi-use equipment, ecological concerns, the effects of fads and media, along with the ability to personalize styling choices.

How Big Is the Electric Hair Clipper And Trimmer Market Size Expected to Grow by 2029?
The market for electric hair clippers and trimmers is anticipated to experience a consistent growth in the coming years, surging to a whopping $6.66 billion by 2029 with a compound annual growth rate (CAGR) of 2.5%. This growth during the prediction period can be linked to a sustained focus on grooming, preference for wireless and cordless devices, do-it-yourself hair care and home grooming, professional use in salons, and ergonomic designs. Predicted trends during this period are user reviews and recommendations, diverse usage scenarios, environmental sustainability, growth in male grooming market, and innovations and competition among brands.

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Which Key Market Drivers Powering Electric Hair Clipper And Trimmer Market Expansion and Growth?
The electric hair clipper and trimmer market is predicted to expand due to increasing demand for consumer electronic products. Consumer electronics, also known as personal equipment designed for daily and non-professional use by consumers, include electric hair clippers and trimmers. These appliances, used for personal grooming and animal shearing, are seeing a surge in sales reflecting the heightened demand. Factors such as globalization and westernization also contribute to the growing popularity of these products. A case in point is LG, a consumer electronics company based in South Korea. In January 2023, LG reported its highest-ever annual revenue in the company's 2022 annual financial report, marking an increase of 12.9% from 2021. LG Home Appliance & Air Solution company's revenue for 2022 also followed this positive course, surging up by 10.3% from 2021 to a total of $22.5 billion. Hence, the burgeoning demand for consumer electronics is fueling the growth of the electric hair clipper and trimmer market.

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Which Fast-Growing Trends Are Poised to Disrupt the Electric Hair Clipper And Trimmer Market?
The rise in technological advancements has become a predominant trend in the electric hair clipper and trimmer market. Innovations in electronic device manufacturing have bolstered the demand in this industry for electric hair clippers and trimmers. The market is seeing the introduction of products that are compact, water-resistant, high in torque, cordless, and offer high power outages. For instance, the Wahl Clipper Corporation, an American company in the electric hair clipper and trimmer sector, launched the Wahl Cordless Pro Clipper in April 2022. This cordless hair clipper uses superior lithium-ion battery technology for extended durability and provides ample power for hair cutting. The lithium-ion battery offers up to 2 hours of powerful supply with rapid charging technology, and includes a smart-charge display light to indicate battery status. Additionally, the clipper's motor offers strong, smooth, and silent haircutting capabilities without any hang-ups.

What Are the Emerging Segments in the Electric Hair Clipper And Trimmer Market?
The electric hair clipper and trimmer market covered in this report is segmented -

1) By Product: Corded, Cordless
2) By Distribution Channels: Offline Sales, Online Sales
3) By Application: Adults, Kids, Cattles
4) By End-Users: House-Holds, Barbers

Subsegments:
1) By Corded: Professional Hair Clippers, Home Use Hair Clippers, Beard Trimmers
2) By Cordless: Rechargeable Hair Clippers, Battery-Operated Trimmers, Wireless Beard Trimmers

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Who Are the Global Leaders in the Electric Hair Clipper And Trimmer Market?
Major companies operating in the electric hair clipper and trimmer market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands Holdings Inc., Panasonic Corporation, Conair Corporation, Havells India Limited, Andis Company Inc., Zed Lifestyle Pvt Ltd., Syska LED Lights Private Limited, Brio Product Group, Oster India Private Limited, Babyliss Ltd., Hatteker, Braun GmbH, Riwa Ltd., Surker, Yichang Gemei Trading Co. Ltd., Hangsun Electronics Ltd., Flyco Auto Pvt. Ltd., Yiwu Kemei Electric Appliances Co. Ltd., Bevel Tech Group, Inalsa Appliances Limited, Floresta Real India Pvt. Ltd.

Which are the Top Profitable Regional Markets for the Electric Hair Clipper And Trimmer Industry?
North America was the largest region in the electric hair clipper and trimmer market in 2024. The regions covered in the electric hair clipper and trimmer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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