Convenience & Cost Benefits Drive the Global Electric Shavers Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Electric Shavers. The global market for Electric Shavers is projected to exceed US$6.0 billion by 2020, driven by the convenience and cost benefits offered by electric shavers when compared to conventional shaving kits, and design and functional advancements.

Electric Shavers: A Global Strategic Business Report

Follow us on LinkedIn – The electric shavers market is witnessing steady growth, supported by the indispensable use of these devices in personal grooming. A large number of electric razors available in the marketplace are operated without the use of shaving cream, soap gel, or water for shaving, which saves consumers the time, effort and money required for purchasing these products. Ease-of-use is a major factor encouraging sales of cordless electric shavers that offer consumers more convenience and are cost-effective as they use rechargeable batteries. Electric shavers enable high precision shaving with reduced risk of razor burns, irritations, abrasions and cuts. Besides shaving facial hair, modern electric shavers are also equipped with design elements and components that enable users to remove unwanted body hair particularly from the chest, abdomen, legs, head, and underarms. In addition, the accessories provided with electric shavers enable users to change their looks and styles in accordance with the latest fads in facial hair.

Future growth in the market will be driven by the increasing desire among men and women to appear well-groomed at all times, urban expansion, rural urbanization, and growing disposable incomes as a result of rapid economic growth in the underpenetrated large emerging markets of Asia-Pacific and Latin America. Electric shavers have evolved over time with manufacturers making the body more ergonomic to provide better grip and incorporating more compact, powerful and quieter motors, besides engineering the shape and movement pattern of cutting blades in order to ensure optimum shave. Shaver advancements that are poised to benefit market prospects in the near term include the contour-detect technology that adapt to facial contours, the water-proof technology, and shavers with automatic cleaning stations. Portability and easy charging with built-in charging systems have also made electric razors much more user-friendly ultimately expanding user base.

As stated by the new market research report on Electric Shavers, Europe represents the largest market worldwide. Asia-Pacific represents the fastest market with a CAGR of 7.1% over the analysis period. Steady economic growth, expanding young population, westernization of lifestyles, improving retail environment, and rising per-capita incomes fuelling consumer spending on personal care appliances such as electric shavers represent key growth drivers in the region. China and India, which represent two of the largest countries in the world with young population, offer significant opportunities for growth. On the other hand, the North American and European markets are largely buoyed by product innovation, with consumers purchasing products with improved styling, durability, handling and lower maintenance.

Key players covered in the report include Conair Corporation, BaByliss, Helen of Troy Limited, Koninklijke Philips N.V., Panasonic Corporation, The Procter & Gamble Company, The Gillette Company, Braun GmbH, Spectrum Brands Holdings Inc., Remington Products Company, and Wahl Clipper Corporation, among others.

The research report titled “Electric Shavers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the electric shavers market, industry overview, trends, growth drivers and issues and recent industry activity. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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