What is Global Electric Shavers for Men Market?
The Global Electric Shavers for Men Market is an expansive and dynamic sector that focuses on the production, distribution, and sale of electric shavers specifically designed for men. This market encompasses a wide range of products, from high-end luxury models to more affordable options, all designed to meet the diverse grooming needs of men around the world. The market is driven by factors such as technological advancements, changing consumer preferences, and the increasing emphasis on personal grooming and hygiene among men. The global market is also influenced by trends in fashion and lifestyle, as well as the growing awareness of the benefits of using electric shavers over traditional razors. These factors contribute to the continuous growth and evolution of the market, making it a significant segment in the global personal care and grooming industry.
Battery Type, Rechargeable Type in the Global Electric Shavers for Men Market:
The Global Electric Shavers for Men Market is segmented based on the type of product, specifically Battery Type and Rechargeable Type. Battery Type shavers are portable and convenient, making them ideal for travel or for men who are always on the go. They are powered by disposable batteries and are typically more affordable than their rechargeable counterparts. On the other hand, Rechargeable Type shavers come with a charging dock or cord and can be used multiple times before needing to be recharged. These types of shavers are often more powerful and efficient, providing a closer and smoother shave. They are also more cost-effective in the long run, as they do not require constant battery replacements. Both types of shavers have their own advantages and cater to different consumer needs and preferences, contributing to the diversity and versatility of the market.
Supermarkets/Hypermarkets, Department Stores, Convenience Stores, Online Sale in the Global Electric Shavers for Men Market:
The Global Electric Shavers for Men Market products are widely used and available in various sales channels including Supermarkets/Hypermarkets, Department Stores, Convenience Stores, and Online Sale. Supermarkets/Hypermarkets and Department Stores offer a wide range of products, allowing consumers to compare and choose the best option for their needs. Convenience Stores, on the other hand, provide easy access and quick purchase options for consumers. The Online Sale channel has seen significant growth in recent years, driven by the convenience and variety it offers. Consumers can easily browse through different models, read reviews, and make informed purchasing decisions from the comfort of their homes. This channel also allows for easy price comparison and often offers discounts and deals, making it a popular choice among consumers.
Global Electric Shavers for Men Market Outlook:
Looking at the market outlook, the Global Electric Shavers for Men Market has shown promising growth and potential. In 2023, the market was valued at a substantial US$ 6074.6 million. This value is expected to see a significant increase, with projections estimating it to reach US$ 8340.5 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2024 to 2030. This growth can be attributed to various factors such as advancements in technology, evolving consumer preferences, and the increasing emphasis on personal grooming among men. The market's potential for growth and expansion signifies its importance in the global personal care and grooming industry.
| Report Metric | Details |
| Report Name | Electric Shavers for Men Market |
| Accounted market size in 2023 | US$ 6074.6 million |
| Forecasted market size in 2030 | US$ 8340.5 million |
| CAGR | 4.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Philips, Panasonic, Braun, Remington, Gillette, Flyco, POVOS, SID, Wahl Clipper, Vivitar, Andis, Rewell |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
