Canada Electric Shaver Market

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Canada Electric Shaver Market by Usability (Dry and Wet or Dry), by Product Type (Rotary Shaver, Trimmer/Clipper, and Foil Shaver), by Power Source (Rechargeable and Battery Powered), by End User (Men and Women), and by Distribution Channel (Health & Beauty Stores, Electric Stores, Supermarkets, Hypermarkets, and Online) - Opportunity Analysis and Industry Forecast, 2024– 2030

Industry: Retail and Consumer | Publish Date: 25-Jul-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : N/A

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Canada Electric Shaver Market Overview

The Canada Electric Shaver Market size was valued at USD 631.4 million in 2023, and is predicted to reach USD 879.4 million by 2030, at a CAGR of 4.3% from 2024 to 2030. The electric shaver industry is a part of the personal care and grooming sector. The electric shaver market consists of shavers, trimmers, and clippers. It specializes in designing, developing, and selling electric devices to remove facial and body hair efficiently. Electric shavers are distinguished by their rotating or oscillating blades and their reliance on electricity to operate. The key features of the electric shaver industry include the use of cutting-edge technologies, such as improved blades, ergonomic designs, wet and dry shaving capabilities, and smart features in some models. The industry also caters to a variety of consumer segments with different grooming preferences, offering cordless operation, adjustable cutting lengths, and specialized attachments.

Rising Personal Grooming Culture Across the Region Drives the Canada Electric Shaver Market Expansion

The burgeoning awareness pertaining to personal grooming and appearance is driving the Canada electric shaver market demand for grooming electronic products, particularly electric shavers. Social media platforms have emerged as influential platforms in elevating consciousness regarding self-image and personal appearance, compelling individuals to meticulously observe their grooming habits to uphold a polished online presence.

Additionally, societal and professional expectations consistently emphasize the significance of a well-groomed appearance, whether in the professional arena or social gatherings. This pressure to adhere to grooming standards is further reinforced by prevailing fashion trends and the influence of celebrities and influencers who establish grooming benchmarks. The accessibility and variety of grooming products, encompassing electric shavers, have facilitated the personalization and convenience of personal grooming, catering to individual preferences and routines.

Rising Environmental Sustainability Thrives the Canada Electric Shaver Market Growth

As global environmental awareness continues to escalate, the electric shaver industry faces increasing pressure to prioritize sustainability in both product development and marketing strategies. The prevalent use of conventional disposable razors has contributed significantly to plastic waste, prompting manufacturers to explore more environmentally friendly options.

Rechargeable electric shavers with replaceable components are gaining momentum for their potential to reduce reliance on single-use disposable razors. Furthermore, some companies are incorporating recycled materials into their products and opting for recyclable or biodegradable packaging. By aligning with consumer values and minimizing their environmental footprint, electric shaver manufacturers are effectively meeting the rising demand for sustainable grooming solutions. 

High Upfront Cost and Availability of Conventional Alternatives Hinder the Industry's Growth

The electric shaver industry grapples with challenges arising from significant upfront costs and the enduring popularity of traditional options including manual razors. The relatively high price points of many electric shavers may dissuade price-conscious consumers who find traditional grooming implements more economically feasible.

Moreover, entrenched consumer familiarity with conventional choices such as safety razors poses a notable impediment to widespread electric shaver adoption. Concerns surrounding durability, perceived value, and entrenched cultural grooming norms further compound consumer reluctance. To overcome these hurdles effectively, strategic pricing, targeted marketing emphasizing the advantages of electric shavers, and continuous innovation are imperative to enhance their appeal and competitiveness against traditional alternatives in a diverse grooming market.

Integration of Nanotechnology Blades Creates Significant Opportunity for the Canada Electric Shaver Market Growth

Nanotechnology blades symbolize a notable leap forward in the electric shaver market, employing nanoscale precision to fashion blades with unmatched sharpness and cutting efficacy. Operating at the atomic or molecular level, these blades ensure an exceptionally close shave with minimal irritation, redefining the shaving experience. Unlike conventional blades that may provoke discomfort, nanotechnology blades glide effortlessly, yielding smoother results and heightened comfort.

Additionally, their microscopic sharpness extends their lifespan, diminishing the requirement for frequent blade replacements and enhancing overall durability. This innovation caters to the evolving demands of consumers prioritizing superior performance and convenience in grooming, positioning nanotechnology blades as a compelling solution for the future of electric shavers.

Competitive Landscape

The market players operating in the Canada 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.

Canada Electric Shaver Market Key Segments

By Type

  • Dry

  • Wet or Dry

By Product Type

  • Rotary Shaver

  • Trimmer/Clipper

  • Foil Shaver

By Power Source

  • Rechargeable

  • Battery Powered

By End User

  • Men

  • Women

By Distribution Channel

  • Health & Beauty Stores

  • Electric Stores

  • Supermarkets

  • Hypermarkets

  • Online

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 631.4 Million

Revenue Forecast in 2030

USD 879.4 Million

Growth Rate

CAGR of 4.3% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising personal grooming culture across the region propels the market expansion.
  • Rising environmental sustainability boost the market growth.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • 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

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in the Canada electric shaver market are 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.

According to the Next Move Strategy Consulting, the size of the Canada electric shaver market is estimated to be at USD 879.39 million in 2030.

The lifespan of electric shaver blades varies depending on usage frequency, maintenance, and the quality of the blades. On average, they can last anywhere from six months to two years before requiring replacement.

Key challenges are the high upfront cost and availability of conventional alternatives associated with the electric shavers.

According to the Next Move Strategy Consulting, the size of the Canada electric shaver market is estimated at USD 631.42 million in 2023.

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