Industry: Retail and Consumer | Publish Date: 08-Apr-2025 | No of Pages: 144 | No. of Tables: 110 | No. of Figures: 67 | Format: PDF | Report Code : RC2535
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Singapore Electric Shaver Market size was valued at USD 333.2 million in 2024, and is predicted to reach USD 433.0 million by 2030, at a CAGR of 4.0% from 2025 to 2030. In terms of volume the market size was 4342.4 thousand units in 2024 and is projected to reach 6242.4 thousand units in 2030, with a CAGR of 5.7% from 2025 to 2030.
The various factors such as rising urbanization and expansion in disposable income are key factors driving the market's growth. Nevertheless, the 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.
Singapore's urban population is keeping on growing, and it drives the market demand because the urban population is actively looking for their grooming solutions which can meet their busy lifestyles. With high-quality grooming solutions being present, both through digital as well as offline channels, that complemented the demand for Singapore electric shaver market. According to the UN Population Division, the urban population of Singapore reached 5.64 million in 2022, which reflects the lifestyle of the nation in cities. The enhanced need makes the manufacturing companies design improved features such as smart technology and rechargeable batteries, hence pushing the market size further.
The increasing disposable income across Singapore boosts the growth of the electric shaver market as consumers leverage their rising financial capacity to invest in premium grooming products. This growing financial flexibility encourages the acquiring of advanced electric shavers with high-end features and performance. According to the Singapore Economic Development Board (EDB), annual disposable income per capita in Singapore was USD 28,000 in 2020 and is projected to rise to USD 47,000 by 2030. This growth in income drives demand for high-quality grooming tools, prompting manufacturers to innovate and expand their product ranges that in turn market expansion.
The presence of affordable alternatives like cartridge and ordinary razors in the market, slows down the growth of the electric shaver market. These conventional grooming devices are affordable and easily found in retail outlets, thus are easily accessible and affordable to consumers. Their simplicity and minimal need for maintenance makes them a great option to those individuals that place more importance on cost than innovative functionality. Their preference for cheaper and easily found alternatives reduces the demand for electric shavers, slowing down the overall growth in the market.
The use of sustainable materials in electric shavers is anticipated to drive 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 market players operating in Singapore electric shaver market includes Manscaped, Andis Company, Procter & Gamble (Braun), Wahl Clipper Corporation, Xiaomi Corporation, Koninklijke Philips N.V., Panasonic Singapore, Gillete (P&G), TPOB, Meridian Grooming, Edgewell Personal Care, RoseSkinCo and others.
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
Manscaped
Andis Company
Procter & Gamble (Braun)
Wahl Clipper Corporation
Xiaomi Corporation
Koninklijke Philips N.V.
Panasonic Singapore
Gillete (P&G)
TPOB
Meridian Grooming
Edgewell Personal Care
RoseSkinCo
Parameters |
Details |
Market Size in 2024 |
USD 333.2 Million |
Revenue Forecast in 2030 |
USD 433.0 Million |
Growth Rate |
CAGR of 4.0% from 2025 to 2030 |
Market Volume in 2024 |
4342.4 Thousand Units |
Volume Forecast in 2030 |
6242.4 Thousand Units |
Growth Rate (Volume) |
CAGR of 5.7% from 2025 to 2030 |
Analysis Period |
2024–2030 |
Base Year Considered |
2025 |
Forecast Period |
2025–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
12 |
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. |