Business

Electric Shavers Market | Key Players are Koninklijke Philips N.V., Panasonic Corporation, Braun GmbH, Conair Corporation, and among others.

According to a new market report published by Acute Market Reports Inc., “Electric Shavers Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025”, the electric shavers market is expected to witness a growth of 5.3% CAGR during the forecast period 2017 – 2025.

Market Insights

Electric shavers are devices used for shaving hair. An electric shaver is generally powered by a small DC motor, which, in turn is either powered by batteries or mains electricity. Growing interest and consciousness regarding personal appearance among both men and women has increased the use of electric shavers among individuals as well as hairdressers at hairdressing establishments. The availability of technologically advanced and quality electric shavers like those with turbo and multi-blade precision units for faster and neat shave through dense hair is expected drive market demand throughout the forecast period 2017 – 2025.

Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/electric-shavers-market

The global electric shavers market is relatively matured and has been plagued by lack of product differentiation. This is resulting in price wars among manufacturers in the region, leading to profit crunching. Thus, lack of product differentiation is identified as one of the biggest challenges to the growth of electric shavers market. Focus on product enhancement, and product innovations are some of the key requisite strategies for the manufacturers across the globe. The availability of low quality domestic substitutes at a relatively lower cost also pose a considerable challenge to the market growth, especially in emerging economies of Asia Pacific and RoW, where the market is still unorganized.

Competitive Insights:

Some of the leading players identified in the global electric shavers market include Koninklijke Philips N.V., Panasonic Corporation, Braun GmbH, Conair Corporation, Procter & Gamble Co., Wahl GmbH, Spectrum Brands Holdings, Inc., Sakar International Inc., and Helen of Troy Ltd. among others. The global electric shavers market also includes large number of niche domestic players accounting for trivial market share individually. The competitive rivalry among market players in the global electric shavers market is expected to remain high throughout the forecast period 2017 – 2025.

Key Trends:

Increasing demand for electric shavers among female segment
Continual advancements in technology, product features, and product design to keep market growth afloat
Growing demand for premium high-end electric shavers across the globe
Rise in the number of metro sexual men and growing importance of Manscaping

Report Scope by Segments

By Product Type