Electric Hair Clipper and Trimmer Global Market Report 2024

The global electric hair clipper and trimmer market is expected to see steady growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The projected growth in the forecast period can be attributed to the ongoing emphasis on grooming, increasing preferences for wireless and cordless options, the rise of do-it-yourself (DIY) haircare and home grooming, the use of professional tools in salons, and the adoption of ergonomic design principles. Major trends expected in this period include a reliance on user reviews and recommendations, the promotion of versatile use cases for grooming tools, a heightened focus on environmental sustainability, the growth of the male grooming market, and increased competition and innovation among brands in the industry.

The electric hair clipper and trimmer market are poised for substantial growth, primarily fueled by the increasing demand for consumer electronic products. Consumer electronics, which encompass a wide range of electronic devices intended for daily use, have become integral to modern lifestyles. Electric hair clippers and trimmers, categorized as consumer personal care appliances, have experienced significant sales growth due to heightened consumer interest in grooming. The surge in demand is further amplified by globalization and westernization trends. For instance, data from the Electronic Components Industry Association (ECIA) reveals a robust growth trajectory in consumer electronic components in the Americas, with quarterly revenues exceeding $6.6 billion and a notable year-over-year increase of 21% between the second quarter of 2020 and the third quarter of 2021. This underscores the pivotal role of consumer electronics in propelling the electric hair clipper and trimmer market.

The electric hair clipper and trimmer market are witnessing growth propelled by an increase in disposable income among consumers. Disposable income, which represents the portion of household income available for spending and saving after tax obligations, plays a pivotal role in shaping consumer purchasing behavior. The rise in disposable income has translated into an augmented capacity for discretionary spending, leading individuals to invest in personal grooming products such as advanced electric hair clippers and trimmers. Notably, data from the UK's Office of National Statistics indicates a median household disposable income increase averaging 0.7% per year between 2020 and 2022. This upward trend in disposable income is a key driver behind the burgeoning electric hair clipper and trimmer market.

The electric hair clipper and trimmer market are undergoing significant transformation, propelled by the increasing prevalence of e-commerce platforms. E-commerce, representing the online buying and selling of products and services, has emerged as a dominant force in reshaping consumer behavior. The market for electric hair clippers and trimmers has experienced a notable surge in online sales, as consumers increasingly favor the convenience and accessibility offered by e-commerce platforms. Statistics from the US Department of Commerce underscore this trend, revealing a 10.8% year-over-year increase in e-commerce sales for the third quarter of 2022. This surge, outpacing the 9.1% increase in overall retail sales during the same period, highlights the pivotal role of e-commerce in propelling the electric hair clipper and trimmer market.

Technological advancements stand out as a key trend shaping the electric hair clipper and trimmer market. The industry is witnessing a paradigm shift driven by innovations such as compact design, water resistance, high-torque motors, cordless functionality, and increased power outage. For instance, Wahl Clipper Corporation, a major player in the market, introduced the Wahl Cordless Pro Clipper in April 2022. This cordless hair clipper utilizes advanced lithium-ion battery technology, delivering extended usage time, quick charging capabilities, and a silent operation. The implementation of cutting-edge technologies enhances the grooming experience, meeting consumer demands for efficiency and convenience.

Major companies operating in the electric hair clipper and trimmer market are maintaining their market position through the introduction of innovative products. Integrated grooming systems, offering a comprehensive set of grooming tools for a seamless experience, exemplify this trend. Panasonic Holdings Corporation, a prominent player, launched the MULTISHAPE Modular Personal Care System in June 2022. This pioneering integrated grooming system allows users to customize their grooming routine with a rechargeable battery main unit and a premium selection of five attachments. The introduction of such innovative products underscores the commitment of market leaders to staying at the forefront of technological advancements and meeting evolving consumer preferences.

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., and Floresta Real India Pvt. Ltd.

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.

The countries covered in the electric hair clipper and trimmer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The electric hair clipper and trimmer market consists of sales of stainless steel blades, motors, printed circuit boards, lithium-ion batteries, and casings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The electric hair clipper and trimmer market research report is one of a series of new reports provides electric hair clipper and trimmer market statistics, including electric hair clipper and trimmer industry global market size, regional shares, competitors with an electric hair clipper and trimmer market share, detailed electric hair clipper and trimmer market segments, market trends and opportunities, and any further data you may need to thrive in the electric hair clipper and trimmer industry. This electric hair clipper and trimmer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global electric hair clipper and trimmer market has grown steadily in recent years. It will grow from $5.38 billion in 2023 to $5.6 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to user reviews and recommendations, versatile multipurpose tools, environmental considerations, and the influence of trends and media, as well as customizable styling options.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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