Albany, NY -- (SBWire) -- 12/04/2017 --Electric shavers have gained rapid demand among the consumers over the past few years. The global shavers market is still dominated by the non-electric shaver segment, yet the demand for the same has seen a decline over the past few years. This is due to the convenience that is offered by electric shavers. Further, consumer awareness regarding hygiene is another factor that is complementing the growth of this market at present. They are widely used for the removal of unwanted hair that appears on the face or on other parts of the body. This process is done by the use of rotating or oscillating blades that are placed behind a metal guard. Electric shavers provide the most convenient form of shaving, hence they are gaining rapid acceptance among the consumers.
The global electric shavers market has been segmented on the basis of product, distribution channel, end use and region. The report provides the current market size and anticipates its status over the forecast period.
The report also analyzes factors driving and inhibiting growth of the electric shavers market. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate strategies accordingly.
Click to get Sample PDF: https://www.researchmoz.us/enquiry.php?type=S&repid=1064472
Electric shavers are gaining rapid demand due to consumer inclination towards automation. This is also fuelled due to consumer exposure to new technologies, which are done by way of advertisements and promotions through several channels. Increased spending capacity towards luxury items is another key factor which is complementing the growth. Population plays a key role in the growth of this market, although a very small percentage of the global population make up for the electrical shavers market at present.
The market is however, restrained by the high price of electric shavers and widespread availability of its non-electrical counterparts in the market. The global electrical shavers market is highly restrained by the high price of these products. The types of electrical shavers such as rotary shaver, foil shaver, clippers and wet/dry shaver are priced on the higher side due to which majority of the consumers refrain themselves from buying such products and they opt for conventional shaving products which are significantly cheaper than electrical shavers, although the same increases the overall expenditure on personal care products. Further, due to the high price of the products, the manufacturers of electric shavers are facing difficulties in exploring the potential regions for expansion opportunities.
View Complete TOC with Tables and Figures at: https://www.researchmoz.us/electric-shavers-market-global-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html/toc
The market is also segmented on the basis of distribution channel into health & beauty stores, general merchandising/mass stores, supermarkets & hypermarkets and others. Supermarkets and hypermarkets accounted for the major market share in 2015 and are expected to retain market dominance throughout the forecast period. However, online channels are a lucrative target segment for the manufacturers of electric shavers. Due to the rapid advancements in technology and high adoption of 4G and 5G technologies among the consumers, online channels have proved to be a successful platform for the players operating in the field of electric shavers, by way of gaining a broader consumer base.
The market is further segmented on the basis of end use into male and female. Males dominated the electric shaver segments owing to widespread adoption of the same among the male population. However, females have become a lucrative target audience for the manufacturers of electric shavers. The adoption rate of electric shavers among the female population has increased over time and is growing at a rapid pace.
Global Electric Shavers Market: Regional Overview
Geographically, Europe dominated the electric shavers market, in terms of revenue and volume. Consumer adoption of such products among both genders is the highest in the European countries such as Germany, U.K. France, Italy and others. High purchasing power of the consumers in Europe is another factor for the high revenue growth of this market in the European region. Asia Pacific is another major region for the electric shavers market. Rapid urbanization in countries such as India and China among others has led to an increase in the purchasing power of the consumers, which in turn has complemented the growth of the electric shavers market in Asia Pacific. Transition in lifestyle of the consumers is another major reason for the switch from conventional shaving products to electrical shavers. Asia Pacific is also the fastest growing market for electric shavers.
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY - 12207
United States
Tel: +1-518-621-2074
Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG
Global Electric Shavers Market Will Reach US $17.7 Bn During 2016-2024