Electric Shavers Market Size By Type (Foil Shavers, Rotary Shavers), By Product (Rechargeable Shaver, Battery Type Shaver), By End-User (Male & Female) By Geographic Scope And Forecast

Electric Shavers Market Size And Forecast

The Electric Shaver Market Size was valued at USD 6.8 Billion in 2024 and is expected to reach a valuation of USD 9.5 Billion by 2031, growing consistently at a CAGR of 4.9% during the forecast period.

• An electric shaver, also known as a dry razor or electric razor, is a personal grooming device designed for removing hair from the face or body. It operates using an electrically powered rotating or oscillating blade, which eliminates the need for shaving cream, soap, or water. The electric shaver is typically powered by a small DC motor, which can be powered by batteries or mains electricity, with many modern models utilizing rechargeable batteries.
• Electric shavers fall into two main categories: foil and rotary. Foil shavers feature a thin piece of metal foil that covers oscillating blades, cutting hair as it passes through small holes in the foil. Rotary shavers, on the other hand, have multiple circular heads that rotate to cut hair. Users often have a preference for one type over the other based on their shaving habits and hair types.
• Electric shavers differ from electric trimmers, as they are specifically designed for providing a clean shave rather than trimming hair. The market also includes specialized models such as lady shavers, which are designed for shaving women’s body hair, and body hair shavers tailored for shaving body hair. Overall, electric shavers offer a convenient and efficient alternative to traditional manual razors, catering to various grooming needs.

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Global Electric Shavers Market Dynamics

The key market dynamics that are shaping the global electric shavers market include:

Key Drivers:

• Increasing Demand for Easy-to-Use Products: Consumers are seeking convenient grooming solutions that simplify personal care routines, leading to a rise in the adoption of electric shavers.
• Technological Advancements: Innovations in electric shaver technology, such as improved battery life, ergonomic designs, and features like wet/dry functionality, are enhancing user experience and driving sales. For instance, according to a survey applications related to electric shavers and grooming devices increased by 23% between 2015 and 2020.
• Rising Number of Men’s Salons: The increasing number of salons catering to men’s grooming needs has boosted the demand for electric shavers, as these establishments often use them for efficiency and precision. For instance, 61% of American men aged 18-29 consider personal grooming very important, up from 56% in 2019.
• Marketing and Promotions: Aggressive marketing strategies and promotions by manufacturers are increasing awareness and encouraging consumers to switch from traditional shaving methods to electric shavers.

Key Challenges:

• Lack of Product Differentiation: The electric shaver market is relatively mature, leading to a lack of significant product differentiation among brands. This results in price competition, which can erode profit margins for manufacturers.
• Rapidly Evolving Fashion Trends: The need to keep up with changing consumer preferences and grooming trends adds complexity to product development. Manufacturers must continuously innovate and adapt their designs to meet these evolving styles.
• Supply Chain Disruptions: Events such as the COVID-19 pandemic have highlighted vulnerabilities in supply chains, leading to delays in production and distribution, which can affect product availability in the market.
• Competition from Traditional Shaving Methods: Despite the advantages of electric shavers, many consumers still prefer traditional shaving methods, which can limit the growth of electric shaver adoption.
• Technological Challenges: As technology advances, manufacturers must invest in research and development to keep up with consumer expectations for features such as battery life, efficiency, and ease of use, which can strain resources.

Key Trends:

• Technological Advancements: The electric shavers market is witnessing significant investments in technological innovations to enhance user comfort and efficiency. The introduction of powerful motors, advanced features, and sleek designs in electrical shavers is transforming the grooming landscape and attracting a growing number of customers seeking a hassle-free experience.
• Rising Fashion Trends and Beauty Consciousness: The increasing emphasis on personal appearance and grooming among both men and women has led to a rise in the use of electric shavers, not only among individuals but also at hairdressing establishments. This trend is expected to continue driving market demand throughout the forecast period.
• Increasing Inclination towards Automation: Electric shavers are gaining popularity due to the growing inclination of consumers towards automated grooming solutions. The increasing population using these products and the promotion of electric shavers through marketing technologies and advertisements are key factors positively affecting the market.
• Availability of Specialized Shavers: Manufacturers are offering a diverse array of specialized shavers with unique features, such as recyclable, customizable, and disinfectant-infused options. This trend caters to individual preferences and amplifies convenience and hygiene in grooming routines, driving sales as customers gravitate towards these advanced shavers.

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Global Electric Shavers Market Regional Analysis

Here is a more detailed regional analysis of the global electric shavers market.

Asia Pacific:

• Asia Pacific dominates the electric shavers market of the electric shavers market as the region has a large and growing population, particularly in countries like China and India, which provides a substantial consumer base for electric shavers. The increasing disposable income levels in these countries enable consumers to invest in personal grooming products, leading to a shift in preferences towards more advanced and convenient grooming solutions. For instance, According to the United Nations, Asia’s population was estimated to be 4.7 billion in 2022, accounting for about 59% of the world’s population.
• Rapid urbanization in Asia Pacific is another significant driver, as urban lifestyles often lead to busier schedules, prompting consumers to seek efficient grooming options. The cultural emphasis on personal grooming in many Asian nations further boosts the demand for electric shavers, making them a popular choice among both men and women.
• Technological advancements in electric shaver design, such as features like self-sharpening blades, ergonomic designs, and smart technology integration, enhance user experience and appeal to tech-savvy consumers in the region.
• The expansion of e-commerce platforms has increased the accessibility of electric shavers, allowing consumers to easily research and purchase products online, which contributes to higher sales volumes.

Europe:

• Europe’s electric shaver market is rapidly expanding, driven by developed countries like Germany, France, and Italy. Germany is a well-established and mature market that dominates Europe’s electric shaver business, accounting for 18.21% of total market share.
• Europe’s grooming trends combine traditional patterns with modern efficiency, leading to increased demand for accurate electric shavers in a culture that values refined grooming practices and different beard styles. The combination of tradition and technology has resulted in a robust market for sophisticated, skin-friendly grooming instruments in the electric shaving sector.
• The increased disposable income in European nations enables customers to invest in premium shavers, adding to the growing demand in the electric shaver market share.
• Trading Economics research shows that Europe’s disposable personal income increased by 3.30% between 2021 and 2022. The region’s inflation rate is expected to reach 6.1% by 2023, according to the European Commission. Rising inflation in Europe could affect consumer spending and market dynamics for the electric shaver business.

Global Electric Shavers Market: Segmentation Analysis

The Global Electric Shavers Market is segmented based on Type, Product, End-User and Geography.

Electric Shavers Market, By Type

• Foil Shavers
• Rotary Shavers
• Wet/ Dry Shavers
• Accessories
• Clippers

Based on Type, the market is segmented into Foil Shavers, Rotary Shavers, Wet/ Dry Shavers, Accessories and Clippers. the clippers segment currently dominates the market in terms of revenue. Clippers are used for trimming facial hair and are suitable alternatives to scissors, making them popular for use in salons and parlors. The clippers segment is currently larger than other types like foil shavers, rotary shavers, wet/dry shavers, and accessories. This is partly due to the lower price point of clippers compared to other electric shaver models.

Electric Shavers Market, By Product

• Rechargeable Shaver
• Battery Type Shaver

Based on Product, the market is segmented into Rechargeable Shaver and Battery Type Shaver. The rechargeable shaver segment is gaining significant traction and is becoming increasingly popular among consumers. Rechargeable shavers offer the convenience of cordless use, allowing for greater flexibility during grooming. They typically feature advanced battery technology, providing longer usage times and faster charging capabilities, which enhances user experience.

Electric Shavers Market, By End-User

• Male
• Female

Based on End-User, the market is segmented into Male and Female. Male dominate as the primary users due to their higher rates of hair growth and the frequency with which they require shaving products. This demographic constitutes a significant portion of the customer base for shaving manufacturers, as men typically use electric shavers for facial hair removal and grooming.

Electric Shavers Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Electric Shavers Market is classified into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominates the electric shavers market of the electric shavers market as the region has a large and growing population, particularly in countries like China and India, which provides a substantial consumer base for electric shavers. The increasing disposable income levels in these countries enable consumers to invest in personal grooming products, leading to a shift in preferences towards more advanced and convenient grooming solutions.

Key Players

The “Global Electric Shavers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Conair LLC (American Securities LLC), Koninklijke Philips N.V., The Procter & Gamble Company, Panasonic Corporation, Spectrum Brands Holdings, Inc., Havells India Ltd., Wahl Clipper Corporation, Xiaomi Corporation, Sakar International, Inc., Helen of Troy Limited, Philips Norelco, Braun, Remington, Panasonic, BIC, MANGROOMER, Andis, Vivitar, Optimus, LADYGROOMER, PRITECH, Eternal, Perfect Life Ideas, Epilady.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Electric Shavers Market Recent Developments

• In October 2023, Gillette relaunched its ‘Choose Your Game Face’ ad to celebrate its extended partnership as the official shave and beard care provider for the Toronto Raptors.
• In August 2023, Bevel, a grooming product company, announced its entry into the electric shaver market. The new shaver features a dermatologist-tested swivel head with three foil cutting elements.

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