The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 200 pages.
“Electric Hair Clipper and Trimmer Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Electric Hair Clipper and Trimmer Market by region.
Global Electric Hair Clipper & Trimmer Market is valued at approximately USD 5.71 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.5% over the forecast period 2022-2029.
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Electric hair clippers and trimmers are consumer grooming products that are used to reduce the length of hair or trim the hair. The major driving factor for the market is rising e-commerce presence over the forecast period. Along with this, rising disposable income is also accelerating the market’s revenue over the forecast period. As consumers are maintaining personal hygiene which is driving the growth of the global electric hair clipper & trimmer market. Moreover, rising globalization is creating lucrative growth opportunities in the market. Additionally, key market players are taking initiatives which are rising the market share over the forecast period.
The key element driving the sales of electric hair clippers & trimmers through the online channels is an increase in product visibility at Flipkart, Amazon.com, and Snapdeal.com. Online portals also offer large discounts on name-brand products, 24-7 help, and a wide selection of products. Additionally, e-commerce merchants are increasing their market share in tier II and tier III cities while putting more emphasis on enhancing delivery services. The majority of well-known businesses also have websites, which aids in the segment’s expansion. Along with this, e-commerce sales are rising around the globe, which is driving the growth of the market. For instance, according to Statista in 2020, the sales of e-commerce were USD 4,938 billion which is predicted to increase to USD 6,767 billion in 2023. However, the fluctuations in the prices of raw materials for Electric Hair Clippers & Trimmers stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Electric Hair Clipper & Trimmer Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, Asia Pacific had a sizable market share. The primary factors anticipated to increase demand for the electric trimmer during the projected period are increased product exposure along with the millennial beard trend. In the coming years, it is also anticipated that rising spending on male grooming, particularly in India, will boost sales of hair clippers. From 2022 to 2029, the Middle East and Africa are expected to experience the fastest CAGR. The sale of hair care items like electric trimmers has increased significantly due to Nigeria’s expanding youth population. Additionally, increased internet usage, cable TV saturation, and celebrity endorsements are all having a beneficial effect on consumer purchasing behaviour.
Major market players included in this report are:
- Koninklijke Philips N.V.
- Procter & Gamble
- Panasonic Corporation
- Xiaomi.
- Wahl Clipper Corporation
- Spectrum Brands, Inc.
- Conair Corporation
- ANDIS COMPANY
- VEGA
- Sunbeam Products, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Corded
Cordless
By Distribution Channel:
Offline
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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