Industry: Retail and Consumer | Publish Date: 23-Jul-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : N/A
The Taiwan Electric Shaver Market size was valued at USD 92.7 million in 2023, and is predicted to reach USD 141.9 million by 2030, at a CAGR of 5.8% 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 increasing awareness regarding hygiene and skin health among consumers is catalyzing the growth of the electric shaver industry. Consumers are increasingly opting for grooming products that prioritize cleanliness and minimize skin irritation.
Electric shavers meet these demands by offering features such as hypoallergenic blades, easy-to-clean designs, and advanced shaving technologies that mitigate skin irritation compared to traditional razors. Additionally, some electric shavers incorporate moisturizing strips or skin conditioning systems to alleviate post-shave skin discomfort. By delivering long-term hygiene benefits and diminishing the risk of bacterial growth, electric shavers attract health-conscious consumers seeking convenient and gentle grooming solutions.
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 shaver industry faces hurdles due to significant upfront costs and the enduring popularity of traditional alternatives including manual razors. The relatively high price points of many electric shavers may dissuade budget-conscious consumers who find traditional grooming tools more cost-effective. Additionally, entrenched consumer familiarity with conventional options such as safety razors presents a substantial barrier to widespread electric shaver adoption. Concerns about durability, perceived value, and cultural ties to traditional grooming practices also contribute to consumer hesitancy. To overcome these challenges, the industry requires strategic pricing, targeted marketing emphasizing the benefits of electric shavers, and continuous innovation to enhance their appeal and competitiveness against traditional alternatives in a diverse grooming market.
The integration of advanced technologies in the electric shaver market opens up significant avenues for growth. Smart features such as Bluetooth connectivity and mobile app integration offer users customization, personalized grooming tips, and tracking options. Precision-engineered blades, sensors, and adaptive shaving systems enhance overall performance, meeting evolving consumer expectations. Technological advancements in lithium-ion batteries and fast-charging address battery life concerns, providing added convenience. Innovative materials and ergonomic designs contribute to superior comfort, catering to users with specific preferences. These breakthroughs position electric shavers as not just effective grooming tools but also as smart, customizable solutions, ensuring ongoing industry growth and success.
The market players operating in the Taiwan 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 92.7 Million |
Revenue Forecast in 2030 |
USD 141.9 Million |
Growth Rate |
CAGR of 5.8% 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