The Europe Electric Shavers Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 32,520.2 thousand units, showcasing a growth of 5.4% (2019-2022).
Some electric shavers incorporate artificial intelligence (AI) algorithms to adapt to the user's shaving preferences over time. These intelligent shavers analyse hair density and skin sensitivity to provide a personalized and optimized shaving experience. Integrating Bluetooth connectivity and smart features is gaining traction in this. Users can now connect their shavers to mobile applications for personalized grooming routines, firmware updates, and performance tracking. Manufacturers are developing it with multiple functionalities, such as grooming attachments for trimming and styling beards, sideburns, and body hair. This trend caters to consumers seeking all-in-one grooming solutions.
Evolving lifestyles, characterized by busy schedules and a heightened emphasis on personal grooming, drive the demand for efficient and time-saving grooming solutions. It caters to these changing consumer needs by providing a quick and convenient shaving experience. The rising disposable income of consumers in growing economies directly impacts the electric shaver’s market. Individuals with more spending power are more likely to invest in premium products with advanced features and superior performance.
According to the UK government's Office for National Statistics, people's median disposable income reached £32,300. In contrast to a longer-term gain of 1.7% per year over the ten years preceding 2022 (FYE 2013 to FYE 2022), the median household disposable income climbed by an average of 0.7% per year between FYE 2020 and FYE 2022. Higher disposable income enables UK consumers to afford this with advanced features and cutting-edge technologies. The demand for features such as precision cutting, smart connectivity, and ergonomic designs aligns with the preferences of financially empowered consumers. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Electric Shavers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,052.4 Million by 2030. The UK market is registering a CAGR of 4.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 6.2% during (2023 - 2030).
Free Valuable Insights: The Global Electric Shavers Market will Hit USD 14.1 Billion by 2030, at a CAGR of 6%
Based on End User, the market is segmented into Male, and Female. Based on Product Type, the market is segmented into Trimmers / Clippers, Foil Shavers, and Rotary Shavers. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Health & Beauty Stores, Online, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country
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