Electric Shaver Market to grow by $ 2.18bn|Key Drivers and Trends|Technavio
According to Technavio, the electric shaver market size is expected to value at $ 2.18 bn during 2021-2025. The market sizing analysis in the report reveals that the market growth will progressing at a CAGR of almost 3%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights vendor performance and new business opportunities during and post pandemic period.
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Electric Shaver Market Trends & Drivers
The electric shaver market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as rising interest among men in grooming, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The electric shaver market has also explored key trends such as increased benefits provided by electric shavers, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Electric Shaver Market: Segmentation Analysis
This market research report segments the electric shaver market by Distribution Channel (Offline and Online) and Geography (Europe, North America, APAC, South America, and MEA).
The Europe region led the electric shaver market in 2021, followed by North America, APAC, South America, and MEA respectively. During the forecast period, the Europe region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario