Industry: Retail and Consumer | Publish Date: 24-Jul-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : N/A
The Denmark Electric Shaver Market size was valued at USD 279.4 million in 2023, and is predicted to reach USD 588.3 million by 2030, at a CAGR of 10.7% 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.
The surge of e-commerce platforms has significantly transformed the electric shaver industry, with online retail channels offering consumers convenient access to a broad selection of electric shavers from various brands, driving market growth. Consumers value the convenience of exploring product options, comparing prices, and accessing reviews from other users, all from the comfort of their homes.
Additionally, e-commerce platforms often feature competitive pricing, discounts, and promotions, appealing to budget-conscious shoppers. The availability of fast and reliable shipping options further enhances the attractiveness of purchasing electric shavers online.
Consequently, electric shaver manufacturers are increasingly investing in their online presence, optimizing website functionality for seamless shopping experiences, and leveraging digital marketing strategies to connect with and engage customers.
With a rising global focus on environmental conservation, the electric shaver industry is compelled to prioritize sustainability in both product development and marketing strategies. The widespread use of conventional disposable razors has significantly contributed to plastic waste, prompting manufacturers to seek more environmentally friendly alternatives. Rechargeable electric shavers equipped with replaceable parts are gaining momentum due to their potential to reduce reliance on single-use disposable razors, thereby reducing plastic pollution.
Additionally, some companies are incorporating recycled materials into their products and opting for recyclable or biodegradable packaging. By aligning with consumer values and reducing their environmental impact, electric shaver manufacturers are effectively addressing the increasing demand for sustainable grooming solutions.
The electric shaving industry faces hurdles due to substantial upfront investments and the continued prevalence of traditional alternatives such as manual razors. The relatively high costs associated with many electric shavers may deter price-sensitive consumers who perceive traditional grooming tools as more economically viable.
Additionally, entrenched consumer familiarity with conventional options such as safety razors presents a significant barrier to widespread electric shaver adoption. Concerns surrounding durability, perceived value, and entrenched cultural grooming norms also contribute to consumer hesitancy. To address these challenges effectively, strategic pricing, targeted marketing highlighting the benefits of electric shavers, and continuous innovation are essential to enhance their appeal and competitiveness against traditional alternatives in a diverse grooming market.
The infusion of advanced technologies into the electric shaver sector introduces significant growth prospects. Features including Bluetooth connectivity and mobile app integration afford users customization capabilities, personalized grooming insights, and tracking functionalities. Precision-engineered blades, sensors, and adaptive shaving systems heighten overall performance, aligning with evolving consumer expectations.
Technological strides in lithium-ion batteries and rapid charging resolve battery longevity worries, bolstering user convenience. Innovative materials and ergonomic designs bolster user comfort, addressing specific preferences. These advancements position electric shavers as more than mere grooming implements; they evolve into intelligent, customizable solutions, fostering continuous industry expansion.
The market players operating in the Denmark 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.
Dry
Wet or Dry
Rotary Shaver
Trimmer/Clipper
Foil Shaver
Rechargeable
Battery Powered
Men
Women
Health & Beauty Stores
Electric Stores
Supermarkets
Hypermarkets
Online
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 279.4 Million |
Revenue Forecast in 2030 |
USD 588.3 Million |
Growth Rate |
CAGR of 10.7% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
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. |
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