The Asia Pacific Electric Shoe Polisher Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 284.54 thousand units, showcasing a growth of 21.4% (2020-2023).
B2B distribution channels facilitate bulk purchases of electric shoe polishers for businesses and institutions. This segment is important for supplying commercial establishments, such as hotels and service providers, with high-volume and high-performance polishing solutions. Thus, the China market is expected to sale 45.75 thousand units of electric shoe polisher by B2B distribution channels by 2031.
The China market dominated the Asia Pacific Electric Shoe Polisher Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,043.8 Thousands by 2031. The Japan market is showcasing a CAGR of 5.6% during (2024 - 2031). Additionally, The India market would register a CAGR of 6.9% during (2024 - 2031).
The automatic nature of electric polishers simplifies the polishing process for individuals who may not be adept at traditional methods. Features like variable speed settings and different brush attachments make it easier to cater to various shoe materials, including leather, synthetic, and suede.
Moreover, High-end hotels and luxury resorts often feature electric shoe polishers in their lobbies or concierge areas. This amenity provides guests with a convenient service for maintaining their shoes, enhancing their overall experience, and adding to the hotel’s premium service offerings.
India’s booming footwear industry, driven by both domestic consumption and export demands, has significantly increased the number of shoes produced and sold. As more shoes are in circulation, the need for efficient and effective maintenance solutions, such as electric shoe polishers, has grown. Consumers and businesses seek to maintain their footwear in pristine condition, boosting demand for electric shoe polishers. According to the Investment Promotion and Facilitation Agency, the country accounts for 9% of footwear production and is the second largest producer and consumer.
Free Valuable Insights: The Global Electric Shoe Polisher Market is Predict to reach USD 103.9 Million by 2031, at a CAGR of 5.6%
Based on Product Type, the market is segmented into Fully Automatic, and Handheld Automatic. Based on Distribution Channel, the market is segmented into B2B, Specialty Store, Online store, and Other Distribution Channel. Based on Application, the market is segmented into Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Product Type (Volume, Thousand Units, USD Million, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
By Application (Volume, Thousand Units, USD Million, 2020-2031)
By Country (Volume, Thousand Units, USD Million, 2020-2031)
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