The global electric hair clipper & trimmer market size is
anticipated to reach USD 6.3 billion by 2025, according to a new report by
Grand View Research, Inc., expanding at a CAGR of 2.5% over the forecast
period. Launch of innovative products with improved design is a main factor
driving demand for electric hair clipper & trimmer. For instance, in June
2019, Xiaomi MI launched a beard trimmer in India. Key features of the trimmer
include stainless body, corded/cordless usage, improved battery, waterproof,
and travel lock. The clipper is especially designed for the Indian market.
Growing trend of beard is expected to fuel
demand for electric clipper over the forecast period. Popularity of beard is
steadily increasing as it makes men look stylish and sexy and appealing to the
potential partner. Sales of razor has been decreasing steadily across the
developed countries mainly because people in these countries either opt for
full beard look or use electric trimmer. Moreover, consumers in these countries
are shifting towards environment friendly products, thus minimizing use of
disposable razor. For instance, according to the U.S. Environmental Protection
Agency, America produced 2 billion disposable razors and blades. According to a
study, in 2018, more than 160 million consumers in U.S. used disposable razors.
Such factors are expected to fuel adoption of electric hair clipper over the
forecast period.
Cordless products held a leading market share in
2018. These clippers are battery operated, more handy, and accessible to carry
around. Cordless clipper is the best for people who love to travel and like to
carry their hair styling routine with them. Launch of innovative products,
coupled with improved battery life, is a main factor expected to fuel the
demand for cordless electric clipper. For instance, in March 2016, Wahl
introduced beard only trimmer to support growing facial hair trend. The product
is especially designed for trimming beard and is equipped with powerful lithium
ion battery.
The offline channel segment held a leading share
of 87.3% in 2018. Rising presence of these retailers across the world will
increase the product’s visibility and thus, in turn, is expected to have a
positive impact on the growth of the market. The online segment is anticipated
to expand at the fastest CAGR of 4.1% from 2019 to 2025. Increasing presence of
e-commerce retailers in tier II and tier III cities, coupled with introduction
of same day delivery services, is expected to boost the sales of these products
through online channel. For instance, as of 2019, Amazon Retail India have
presence in more than 100 cities and plans to expand in 60 tier II and tier III
cities by the end of 2020. Most of the prominent companies also have their own
sites, which contributes to the segment growth.
Asia Pacific held a leading market share in
2018. Increasing product visibility, coupled with growing trend of beard among
young men, is a main factor expected to boost the demand for the electric
trimmer over the forecast period. Middle East and Africa is anticipated to
expand at the fastest CAGR of 3.7% from 2019 to 2025. Increasing spending on
male grooming is a main factor expected to fuel the use of electric trimmer in
the region.
For full research report on Electric Hair Clipper & Trimmer Market visit here:
https://www.grandviewresearch.com/industry-analysis/electric-hair-clipper-trimmer-market
Further key findings from the report suggest:
- Asia Pacific held a leading share of 51.3% in 2018 due to growing
penetration of technologically advanced products and increasing spending
on male grooming
- Cordless products are anticipated to witness the fastest growth
from 2019 to 2025 due to introduction of products with improved battery
life, coupled with improved ergonomics
- Offline channel generated a revenue of USD 4.6 billion in 2018.
Online channel is expected to register the highest CAGR of 4.1% over the
forecast period due to increasing penetration of e-retailers such as
Amazon and Walmart in tier II and tier III cities
- The electric hair clipper & trimmer marketis highly competitive
due to presence of prominent vendors including Koninklijke Philips N.V.;
Wahl; Spectrum Brands, Inc.; Procter & Gamble; Panasonic Corporation;
Conair Corporation; VEGA; Sunbeam Products, Inc.; and Havells India Ltd.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/electric-hair-clipper-trimmer-market/request/rs1
Grand
View Research has segmented the global electric hair clipper & trimmer
market by product, distribution channel, and region:
Electric
Hair Clipper & Trimmer Product Outlook (Revenue, USD Million, 2015 - 2025)
- Corded
- Cordless
Electric
Hair Clipper & Trimmer Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
- Offline
- Online
Electric
Hair Clipper & Trimmer Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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