Electric Hair Clipper & Trimmer Market Size, Share, Growth, Trends and Forecast Report, 2019 to 2025
by Susan Hill Business ConsultantThe
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.
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.
Access
full research report on global electric hair clipper & trimmer market:
www.grandviewresearch.com/industry-analysis/electric-hair-clipper-trimmer-market
Sponsor Ads
Created on Nov 19th 2019 06:04. Viewed 444 times.