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 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. 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 burgeoning consciousness regarding personal presentation is propelling the market demand for grooming electronic devices such as electric shavers. Social media platforms have emerged as pivotal instruments in amplifying awareness regarding self-perception and physical appearance, compelling individuals to meticulously attend to their grooming rituals to upkeep a refined online persona.
Furthermore, societal and professional norms consistently necessitate a well-kempt appearance, be it within professional or social domains. This impetus to adhere to grooming standards is further galvanized by fashion vogues and the sway of prominent figures and influencers who establish grooming paradigms.
The accessibility and array of grooming paraphernalia, including electric shavers, have rendered personal grooming more individualized and convenient, accommodating diverse preferences and routines.
In response to the escalating global focus on environmental issues, the electric shaver industry is urged to prioritize sustainability in both product development and marketing strategies. The pervasive use of conventional disposable razors has contributed significantly to plastic waste, prompting manufacturers to explore more sustainable alternatives. Rechargeable electric shavers with replaceable components are gaining traction for their potential to reduce reliance on single-use disposable razors, thereby mitigating 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 growing demand for sustainable grooming solutions.
The electric shaver industry grapples with challenges arising from substantial initial costs and the enduring popularity of traditional options such as manual razors. The relatively high price tags of many electric shavers may deter budget-conscious consumers who perceive traditional grooming tools as more cost-effective.
Moreover, entrenched consumer familiarity with conventional selections including safety razors which pose a significant obstacle to widespread electric shaver adoption. Concerns regarding durability, perceived value, and entrenched cultural grooming practices further exacerbate consumer reluctance.
To surmount these challenges, strategic pricing, targeted marketing accentuating the advantages of electric shavers, and continuous innovation are imperative to bolster their appeal and competitiveness against traditional alternatives in a diverse grooming market.
Integrating advanced technologies into the electric shaver industry unveils substantial growth opportunities. Smart features such as Bluetooth connectivity and mobile app integration offer users customization options, personalized grooming advice, and tracking functionalities.
Precision-engineered blades, sensors, and adaptive shaving systems elevate overall performance, meeting the changing demands of consumers. Technological advancements in lithium-ion batteries and rapid charging solutions address battery life concerns, providing enhanced convenience.
Innovative materials and ergonomic designs enhance user comfort, catering to individual preferences. These breakthroughs establish electric shavers not only as grooming tools but also as intelligent, customizable solutions, ensuring ongoing industry growth and success.
The 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.
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 423.9 Million |
Revenue Forecast in 2030 |
USD 860.0 Million |
Growth Rate |
CAGR of 10.0% 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