India Electric Shaver Market is Expected to Reach USD 860.0 Million by 2030

03-Aug-2024

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The rising personal grooming culture over the region is driving the demand for the India electric shaver market during the forecast period.

India Electric Shaver Market size was valued at USD 423.9 million in 2023, and is predicted to reach USD 860.0 million by 2030, at a CAGR of 10.0% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The escalating cognizance surrounding personal grooming and aesthetics is fueling the electric shaver industry demand for grooming electronic commodities, notably electric shavers. Social media platforms have emerged as instrumental agents in amplifying consciousness regarding self-image and personal presentation, prompting individuals to meticulously scrutinize their grooming routines to sustain a refined online identity.

Moreover, both professional and social milieus consistently prescribe the importance of a well-groomed appearance, whether in occupational or interpersonal settings. This imperative to conform to grooming standards is further intensified by prevailing fashion trends and the influence wielded by luminaries and influencers who establish benchmarks in grooming. The accessibility and assortment of grooming artifacts, inclusive of electric shavers, have augmented the customization and convenience of personal grooming, catering to individual predilections and schedules.

Moreover, as environmental awareness grows worldwide, the India electric shaver industry is under pressure to prioritize sustainability in both product development and marketing strategies. Conventional disposable razors have significantly contributed to plastic waste, prompting manufacturers to explore eco-friendly alternatives. Rechargeable electric shavers with replaceable parts are gaining momentum for their potential to reduce the use of single-use disposable razors, thus decreasing plastic waste.

Furthermore, some companies are integrating recycled materials into their products and opting for recyclable or biodegradable packaging. By aligning with consumer values and minimizing their environmental impact, electric shaver manufacturers are effectively meeting the rising demand for sustainable grooming solutions.

However, the India electric shaver industry faces hurdles due to significant upfront costs and the enduring popularity of traditional alternatives like manual razors. The relatively high price points of many electric shavers may dissuade budget-conscious consumers who find traditional grooming tools more cost-effective. Additionally, entrenched consumer familiarity with conventional options such as safety razors presents a substantial barrier to widespread electric shaver adoption.

Concerns about durability, perceived value, and cultural ties to traditional grooming practices also contribute to consumer hesitancy. To overcome these challenges, the industry requires strategic pricing, targeted marketing emphasizing the benefits of electric shavers, and continuous innovation to enhance their appeal and competitiveness against traditional alternatives in a diverse grooming market.

On the other hand, the integration of cutting-edge technologies within the electric shaver sector presents substantial avenues for expansion. Features such as Bluetooth connectivity and integration with mobile applications offer users a range of customization options, personalized grooming advice, and tracking capabilities. Enhanced with precision-engineered blades, sensors, and adaptive shaving mechanisms, these innovations significantly improve overall performance, aligning with the changing demands of consumers.

Furthermore, advancements in lithium-ion battery technology and rapid charging mechanisms effectively address concerns regarding battery life, enhancing user convenience. The utilization of innovative materials and ergonomic designs further elevate user comfort, catering to individual preferences. These advancements position electric shavers not merely as grooming tools, but as intelligent and customizable solutions, ensuring sustained growth and prosperity within the industry.

Request for a sample here: https://www.nextmsc.com/india-electric-shaver-market/request-sample

Several market players operating in the India electric shaver industry include P&G (Braun), Koninklijke Philips N.V., Panasonic Corporation, Remington, Wahl Clipper Corporation, Andis Company Inc., Conair Corporation, Shanghai Flyco Electrical Appliance Co Ltd, Xiaomi, MANSCAPED, and others.

Key Insights from the India Electric shaver Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the India electric shaver market is provided in the report.

  • The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

  • The market share of players in the India electric shaver market is provided in the report along with their competitive analysis.

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