Market Size –
The electric hair clipper and trimmer market size has grown steadily in recent years. It will grow from <b>$5.38 billion in 2023 to $5.6 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. </b> The growth in the historic period can be attributed to user reviews and recommendations, versatile multipurpose tools, environmental considerations, influence of trends and media, customizable styling options.
The electric hair clipper and trimmer market size is expected to see steady growth in the next few years. It will grow to <b>$6.42 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. </b> The growth in the forecast period can be attributed to continued grooming emphasis, wireless and cordless preferences, diy haircare and home grooming, professional use and salons, ergonomic design. Major trends in the forecast period include user reviews and recommendations, versatile use cases, environmental sustainability, male grooming market growth, brand innovation and competition.
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Scope Of Electric Hair Clipper And Trimmer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electric Hair Clipper And Trimmer Market Overview
Market Drivers –
Demand for consumer electronic products is expected to propel the growth of the electric hair clipper and trimmer market going forward. Consumer electronics (CE) refer to any electronic equipment intended for purchase and usage by end users or consumers on a daily and non-commercial or professional basis. Electric hair clippers and trimmers are consumer personal care appliances and products for grooming. They are also used to shear animals, and their sales have been growing significantly due to a surge in demand. Additionally, globalization and westernization have also favored the demand for electric hair clippers and trimmers. For instance, in January 2022, according to a report published by the Electronic Components Industry Association (ECIA), a US-based trade association for electronic component manufacturers, the growth of consumer electronic components in the Americas has accelerated from the low point of 2nd quarter of 2020, with quarterly revenues now over $6.6 billion and a year-over-year increase of 21% between quarter 2 of 2020 and quarter 3 of 2021. Therefore, the rise in demand for consumer electronic products is driving the electric hair clipper and trimmer market.
Market Trends –
Technological advancements have emerged as a key trend gaining popularity in the electric hair clipper and trimmer market. Electronic device development and innovations progress the industry’s demand for electric hair clippers and trimmers. The market is witnessing the implementation of compact, water-resistant, high torque-motored, cordless, and higher power outage products. For instance, in April 2022, Wahl Clipper Corporation, a US-based company operating in the electric hair clipper and trimmer market launched the Wahl Cordless Pro Clipper, a cordless hair clipper that uses advanced lithium-ion battery technology to last longer and delivers the necessary power for hair cutting. Its powerful lithium-ion battery technology provides up to 2 hours of power with quick charging technology, and a smart-charge technology display light displays battery condition. Furthermore, the clipper motor provides power and stroke for smooth, snag-free haircutting while operating silently.
The electric hair clipper and trimmer market covered in this report is segmented –
1) By Product: Corded, Cordless
2) By Distribution Channels: Offline Sales, Online Sales
3) By Application: Adults, Kids, Cattles
4) By End-Users: House-Holds, Barbers
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Regional Insights –
North America was the largest region in the electric hair clipper and trimmer market in 2023. The regions covered in the electric hair clipper and trimmer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electric hair clipper and trimmer market report are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands Holdings Inc., The Procter & Gamble Company, Panasonic Corporation, Conair Corporation, Sunbeam Products, Havells India Limited, Xiaomi Corporation, Andis Company Inc., Zed Lifestyle Pvt Ltd., Syska LED Lights Private Limited, Brio Product Group, General Electric Company, Remington Rand OF India Ltd., Oster India Private Limited, Babyliss Ltd., Hatteker, Braun GmbH, Riwa Ltd., Surker, Yichang Gemei Trading Co. Ltd., Hangsun Electronics Ltd., Flyco Auto Pvt. Ltd., Yiwu Kemei Electric Appliances Co. Ltd., Bevel Tech Group, Inalsa Appliances Limited, Vector Group Ltd., Laiwu Gemei Advertising Co. Ltd., Floresta Real India Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Electric Hair Clipper And Trimmer Market Report Structure
3. Electric Hair Clipper And Trimmer Market Trends And Strategies
4. Electric Hair Clipper And Trimmer Market – Macro Economic Scenario
5. Electric Hair Clipper And Trimmer Market Size And Growth
…..
27. Electric Hair Clipper And Trimmer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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