Global Electric Shavers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Foil shaver, Wet/Dry Shaver, and Rotary Shaver.

By Distribution Channel;

Supermarkets & Hypermarkets, Health & Beauty Stores, and Online.

By Power Source;

Battery, and Corded.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn857967236 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Electric Shavers Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Shavers Market was valued at USD 16,439.34 million. The size of this market is expected to increase to USD 19,945.09 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.8%.

The Global Electric Shavers Market is a dynamic and rapidly evolving sector within the broader consumer electronics industry. Electric shavers, also known as electric razors, have emerged as indispensable grooming tools for millions worldwide, offering convenience, efficiency, and precision in personal grooming routines. This market segment encompasses a wide range of electric shavers, including foil shavers, rotary shavers, and wet/dry shavers, catering to diverse consumer preferences and needs.

Driven by a confluence of factors, the Global Electric Shavers Market has witnessed robust growth in recent years. One of the primary drivers is the relentless pace of technological innovation, which has led to the development of advanced shaving technologies and features. Manufacturers continuously strive to enhance the performance, ergonomics, and safety features of electric shavers, incorporating innovations such as self-cleaning systems, precision trimmers, and adjustable shaving heads. These advancements not only improve the shaving experience but also differentiate products in an increasingly competitive market landscape.

Shifting socio-cultural trends and changing consumer lifestyles have played a pivotal role in shaping the demand for electric shavers. With the rise of urbanization, increasing disposable incomes, and a greater emphasis on personal grooming, there is a growing acceptance and adoption of electric shavers worldwide. Modern consumers, both male and female, seek grooming solutions that offer convenience and time-saving benefits without compromising on performance or comfort. Electric shavers, with their versatility and ease of use, have emerged as preferred grooming tools for individuals leading busy, on-the-go lifestyles.

The Global Electric Shavers Market is characterized by a diverse competitive landscape, comprising established players, emerging startups, and international brands. Intense competition among manufacturers has spurred product innovation, pricing strategies, and marketing campaigns, resulting in a wide array of choices for consumers. From premium high-end models boasting cutting-edge features to budget-friendly options offering value for money, the market caters to a spectrum of consumer preferences and purchasing power.

Against this backdrop of innovation, changing consumer dynamics, and competitive pressures, the Global Electric Shavers Market continues to evolve and expand, presenting lucrative opportunities and challenges for industry stakeholders. As technology advances and consumer expectations evolve, the electric shaver industry is poised for further growth and transformation in the years ahead.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Power Source
    4. Market Snapshot, By Region
  4. Global Electric Shavers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Disposable Income
        2. Growing Awareness
        3. Convenience and Efficiency
        4. Changing Lifestyle Trends
        5. Advancements in Design
      2. Restraints
        1. Limited Battery Life
        2. Maintenance Requirements
        3. Competition from Traditional Razors
        4. Compatibility Issues
        5. Limited Availability of Premium Brands
      3. Opportunities
        1. Emerging Markets Penetration
        2. Product Customization Options
        3. Strategic Partnerships Formation
        4. Technological Advancements Integration
        5. E-commerce Expansion Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Shavers Market, By Product, 2021 - 2031 (USD Million)
      1. Foil Shaver
      2. Wet/Dry Shaver
      3. Rotary Shaver
    2. Global Electric Shavers Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets & Hypermarkets
      2. Health & Beauty Stores
      3. Online
    3. Global Electric Shavers Market, By Power Source, 2021 - 2031 (USD Million)
      1. Battery
      2. Corded
    4. Global Electric Shavers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Norelco
      2. Braun
      3. Hatteker
      4. Panasonic
      5. Remington
      6. Surker
      7. ELEHOT
      8. Philips
      9. Utopia Care
      10. Kissliss
      11. SweetLF
      12. Wahl
      13. BROADCARE
  7. Analyst Views
  8. Future Outlook of the Market