Industry: Retail and Consumer | Publish Date: 10-Apr-2025 | No of Pages: 132 | No. of Tables: 98 | No. of Figures: 63 | Format: PDF | Report Code : RC2533
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Norway Electric Shaver Market size was valued at USD 499.9 million in 2024, and is predicted to reach USD 886.1 million by 2030, at a CAGR of 9.4% from 2025 to 2030. In terms of volume the market size was 3242.2 thousand units in 2024 and is projected to reach 6434.8 thousand units in 2030, with a CAGR of 11.4% from 2025 to 2030.
The various factors such as rising e-commerce sector and growing urbanization are key factors driving the market's growth. Nevertheless, availability of alternatives hinders the possible development of the industry. Contrary to this, the use of sustainable materials in electric shavers is expected to drive market demand as environmentally friendly consumers more and more opt for green products.
The rapid growth of e-commerce increases the Norway electric shaver market demand by ensuring consumers easy access to a diverse range of products. Online shopping websites enable buyers to compare, examine features and read reviews of different products facilitating easy selection and purchase of desired electric shavers.
European E-Commerce sector reports that 91% of Norwegians aged 16-74 years purchased products online in 2023. This online revolution enables brands to reach more and access bigger markets, thus favoring the development of electric shaver market.
The increasing urbanization in Norway fuels a boost in demand for electric shavers as consumers continue to look for grooming options that fit their fast-paced lives. With ease of use and saving time, electric shavers turned out to be a necessary tool for those coping with tight schedules.
The UN Population Division states that Norway is expected to witness 1.20% growth in Norway’s urban population from 2025 to 2030 that further boost the demand for convenient grooming options. Thus, manufacturers are reacting to the increasing population by adding advanced features like rechargeable batteries, intelligent technology, and more extended power to improve the user experience, driving the Norway electric shaver market expansion.
The presence of substitutes like Traditional razors and cartridge razors slows down the growth of the market since the manual ones are cheaper and readily available. Because they are cheaper and highly available, price-sensitive consumers look for manual razors instead of electric ones, hindering the demand for electric shavers. Such a desire for less expensive and simpler options, especially in price-sensitive markets, marks down the market growth.
The use of sustainable materials in electric shavers is anticipated to drive Norway electric shaver market demand as environmentally friendly consumers more and more opt for green products. Shavers that use renewable materials, recyclable parts, and sustainable packaging are becoming the buyers' go-to option in the pursuit of sustainability.
For example, Braun uses only renewable energy to manufacture its Series 9 Pro shavers, while Philips employs renewable electricity to make blades and recycled paper to package them. Philips also gives an Eco Passport with every product, highlighting its environmentally friendly processes. These actions are expected to appeal to green consumers and drive brand loyalty.
The several key market players operating in Norway electric shaver industry includes Andis Company, Procter & Gamble (Braun), Panasonic Corporation, Koninklijke Philips N.V., Babyliss Pro, Spectrum Brands Inc. (Remington), Grundig, Manscapped, Gillete (P&G), TPOB, and others.
By Type
Rotary Shaver
Foil Shaver
Clippers and Trimmers
Beard Trimmers
Body Trimmers
Others
Battery Powered
Rechargeable/Cordless
Dry Electric Shavers
Wet and Dry Electric Shavers
Online
Offline
Men
Women
Andis Company
Procter & Gamble (Braun)
Panasonic Corporation
Koninklijke Philips N.V.
Babyliss Pro
Spectrum Brands Inc. (Remington)
Grundig
Manscapped
Gillete (P&G)
TPOB
Parameters |
Details |
Market Size in 2024 |
USD 499.9 Million |
Revenue Forecast in 2030 |
USD 886.1 Million |
Growth Rate |
CAGR of 9.4% from 2025 to 2030 |
Market Volume in 2024 |
3242.2 thousand Units |
Volume Forecast in 2030 |
6434.8 thousand Units |
Growth Rate (Volume) |
CAGR of 11.4% from 2025 to 2030 |
Analysis Period |
2024–2030 |
Base Year Considered |
2024 |
Forecast Period |
2025–2030 |
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. |