Bizizz Market Research has recently published a research report, “Electric shavers Market By Product Type (Clippers, Accessories, Rotary Shaver and Wet/Dry Shaver), End-User (men and women), Distribution channel (Health & Beauty Stores, Supermarkets & Hypermarkets, General Merchandising/Mass Stores, and Others), Type (Battery Type Shaver and Rechargeable Shaver) Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Electric shavers Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.9 Bn by 2027, witnessing a CAGR of 5.3 % during the forecast period. Key drivers of the market are increased number of hair salons and innovative products offerings are boosting its market.
The electric shavers are having substantial demand in the market because of their easy usability and increased number of salons globally. Moreover, customers are becoming more aware about the grooming and lifestyle changes that is stimulating the market demand for the electric shavers in the market.
The electric shavers market is anticipated to register a CAGR of over 5.3% during the forecast period.
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By Product, Clippers segment held a key share in Global Electric shavers Market in 2018.
The global market of clippers is leading in terms of sales volume and revenue generated because of its varieties present for catering needs of the end-users. They are considered as an alternative to the scissors that serves the purpose of the end-users is propelling the market demand for clippers of various types. The application of clippers especially in the salons are increased in the recent years in the trimming of long hairs. Thus the usage of these clippers is especially found among the men and is increasing at a steady rate during the forecast period.
North America is Anticipated to Dominate the Global Electric shavers Market during the Forecast Period.
The North American region is anticipated to have a substantial growth for the electric shavers during the forecast period because of an increased demand from the end-users. In the grooming industry the market of electric shavers is accounted for a substantial share of the electric shavers by an increased awareness about the technologically advanced products is improving its market growth.
Global electric shavers market was highly fragmented among the number of local and global players. The companies are introducing innovative electric shavers in the global market to create competitive edge among the competitors has increased competition.
Prominent players operating in the Global Electric shavers Market are: Izumi Products Company, Conair Corporation, Philips Electronics N.V, Wahl Clipper Corporation, Gillette Company, Remington Products Company, Panasonic Corporation, Braun GmbH, Procter & Gamble Company, Helen of Troy Limited.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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