The Global Electric Shoe Polisher Market size is expected to reach $103.9 million by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 925.47 thousand units, experiencing a growth of 20.2% (2020-2023).
Many Canadian companies and professional organizations have established dress codes and grooming standards that require employees to maintain a polished and professional appearance. This often includes well-maintained footwear, which is seen as an integral part of a professional image. In professional settings, first impressions are crucial. Properly polished shoes contribute to a positive first impression, reflecting attention to detail and professionalism, which are highly valued in business environments. Thus, the North America region acquired 42% revenue share in the electric shoe polisher market in 2023. In terms of volume the North America region is expected to utilize 405.62 thousand units of electric shoe polisher by 2031.
Modern lifestyles are often busy, leaving little time for traditional shoe polishing methods. Electric shoe polishers provide a convenient and time-saving solution, allowing users to maintain their shoes quickly and efficiently, which appeals to a wide range of consumers. Additionally, Large corporate offices and business centers often have facility management services, including maintaining a clean and professional environment. Electric shoe polishers are part of the equipment used by these services to ensure that the premises and the people in them look their best. Therefore, rising the hospitality and corporate sectors is propelling the market's growth.
However, Price sensitivity is a critical factor in many markets. High initial costs can reduce the competitiveness of electric shoe polishers compared to manual shoe polishers or other grooming products that serve similar purposes at lower prices. Hence, the high initial cost of electric shoe polishers is hindering the market's growth.
Driving and Restraining Factors
Drivers
- Growing awareness of personal grooming
- Expansion of the hospitality and corporate sectors
- Impact of rising disposable incomes worldwide
Restraints
- High initial cost of electric shoe polishers
- Maintenance and durability concerns
Opportunities
- Integration with smart home systems
- Rising popularity of premium footwear
Challenges
- High competition from traditional methods
- Dependence on electricity and energy consumption
Product Type Outlook
Based on product type, the market is divided into fully automatic and handheld automatic. In 2023, the fully automatic segment garnered 60% revenue share in the market. Fully automatic offer a hands-free operation, allowing users to insert their shoes and let the machine handle polishing simply. In terms of volume 389.78 thousand units of fully automatic electric shoe polisher is expected to be utilized by 2031.
Distribution Channel
On the basis of distribution channel, the market is segmented into specialty stores, B2B, online store, and other distribution channel. The B2B segment recorded 37% revenue share in the market in 2023. Businesses, especially in the hospitality and corporate sectors, often deal with a high volume of footwear that requires regular maintenance. In terms of volume 426.80 thousand units of electric shoe polisher are expected to be sold by 2031.
Application Outlook
Based on application, the market is categorized into residential and commercial. In 2023, the residential segment registered 44% revenue share in the market. Electric shoe polishers offer a time-efficient solution for maintaining footwear. Homeowners value products that simplify and expedite household chores. In terms of volume, 546.08 thousand units of electric shoe polisher is expected to be utilized in residential application by 2031.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 24% revenue share in the market. Many countries in the Asia-Pacific region are experiencing robust economic growth, leading to increased disposable income among consumers. In terms of volume, the Asia Pacific region is expected to utilize 445.88 thousand units of electric shoe polisher by 2031.
List of Key Companies Profiled
- HEUTE Maschinenfabrik GmbH & Co. KG
- ESFO AB
- Beck Shoe Products
- Euronics Industries Pvt Ltd
- Dolphy India Pvt. Ltd.
- Moneysworth & Best
- Orchids Tissue Paper Products
Market Report Segmentation
By Product Type (Volume, Thousand Units, USD Million, 2020-2031)
- Fully Automatic
- Handheld Automatic
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
- B2B
- Specialty Store
- Online store
- Other Distribution Channel
By Application (Volume, Thousand Units, USD Million, 2020-2031)
- Commercial
- Residential
By Geography (Volume, Thousand Units, USD Million, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Companies Mentioned
- HEUTE Maschinenfabrik GmbH & Co. KG
- ESFO AB
- Beck Shoe Products
- Euronics Industries Pvt Ltd
- Dolphy India Pvt. Ltd.
- Moneysworth & Best
- Orchids Tissue Paper Products
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 281 |
| Published | September 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 67.8 Million |
| Forecasted Market Value ( USD | $ 103.9 Million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
