According to a new market report published by Credence Research Inc., “Electric Shavers Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025”, the electric shavers market is expected to witness a growth of 5.3% CAGR during the forecast period 2017 - 2025.

Browse Full Report at https://www.credenceresearch.com/report/electric-shavers-market

Market Insights

Electric shavers are devices used for shaving hair. An electric shaver is generally powered by a small DC motor, which, in turn is either powered by batteries or mains electricity. Growing interest and consciousness regarding personal appearance among both men and women has increased the use of electric shavers among individuals as well as hairdressers at hairdressing establishments. The availability of technologically advanced and quality electric shavers like those with turbo and multi-blade precision units for faster and neat shave through dense hair is expected drive market demand throughout the forecast period 2017 – 2025.

The global electric shavers market is relatively matured and has been plagued by lack of product differentiation. This is resulting in price wars among manufacturers in the region, leading to profit crunching. Thus, lack of product differentiation is identified as one of the biggest challenges to the growth of electric shavers market. Focus on product enhancement, and product innovations are some of the key requisite strategies for the manufacturers across the globe. The availability of low quality domestic substitutes at a relatively lower cost also pose a considerable challenge to the market growth, especially in emerging economies of Asia Pacific and RoW, where the market is still unorganized.

Competitive Insights:

Some of the leading players identified in the global electric shavers market include Koninklijke Philips N.V., Panasonic Corporation, Braun GmbH, Conair Corporation, Procter & Gamble Co., Wahl GmbH, Spectrum Brands Holdings, Inc., Sakar International Inc., and Helen of Troy Ltd. among others. The global electric shavers market also includes large number of niche domestic players accounting for trivial market share individually. The competitive rivalry among market players in the global electric shavers market is expected to remain high throughout the forecast period 2017 – 2025.

Key Trends:

Increasing demand for electric shavers among female segment
Continual advancements in technology, product features, and product design to keep market growth afloat
Growing demand for premium high-end electric shavers across the globe
Rise in the number of metro sexual men and growing importance of Manscaping

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58399

Report Scope by Segments

By Product Type

Foil Shavers
Rotary Shavers
Wet/Dry Shavers
Clippers
Others

By End user Type

Men
Women

By Distribution Channel Type

Retail
E-commerce

By Sales Channel Type

Pac-Man Analysis
Direct Retail
On-line Retail

By Geography Segment

North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganeshtr/electric-shavers-market-size-share-growth-trends-analysis-and-forecast-to-2025-18b05c4af572