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How has the electric hair clipper and trimmer market grown in recent years?
There has been a steady increase in the size of the electric hair clipper and trimmer market in the past few years. The market, which was worth $5.93 billion in 2024, is projected to expand to $6.14 billion in 2025, representing a compound annual growth rate (CAGR) of 3.5%. The surge in growth during the preceding period can be credited to factors such as customer testimonials, adaptable multifunctional tools, ecological consciousness, the impact of trends and media, as well as customizable style preferences.
How is the electric hair clipper and trimmer market size expected to evolve during the forecast period?
Anticipations depict a consistent expansion in the electric hair clipper and trimmer market, estimating it to reach a valuation of $6.96 billion by 2029. This development, at a compound annual growth rate (CAGR) of 3.2%, can be traced back to several factors operational in the forecast period. An amplified focus on grooming, a penchant for cordless and wireless designs, a preference for do-it-yourself hair care and home-based grooming, professional utilization, and salons, along with ergonomic design, all contribute to this expansion. Key trends predicted to mark this period include customers’ reviews and referrals, a multiplicity of applications, ecological sustainability, growth of male grooming market, and the innovation and rivalry shaping up the brand image.
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Which key drivers are propelling the electric hair clipper and trimmer market’s growth?
The proliferation of consumer electronic products is predicted to catalyze the expansion of the electric hair clipper and trimmer market. The term “consumer electronics” applies to any electronic device purchased and utilized by consumers on a regular non-commercial or professional basis. Electric hair clippers and trimmers, serving as personal care devices, cater to grooming needs along with shearing animals. Their increased sale figures are attributed to a remarkable rise in demand. Globalization and westernization play a significant role in boosting the demand for these devices. For instance, LG, a South Korean consumer electronics corporation, reported its highest annual revenue in 2022, marking up a 12.9% increase from 2021 as highlighted in their annual financial report 2022 released in January 2023. In 2022, LG’s Home Appliance & Air Solution Company recorded a revenue of $22.5 billion, demonstrating a 10.3% enhancement from 2021. Therefore, the electric hair clipper and trimmer market is influenced by the escalating demand for consumer electronic products.
What are the market segments in the electric hair clipper and trimmer industry?
The electric hair clipper and trimmer market covered in this report is segmented –
1) By Product: Corded, Cordless
2) By Distribution Channels: Offline Sales, Online Sales
3) By Application: Adults, Kids, Cattles
4) By End-Users: House-Holds, Barbers
Subsegments:
1) By Corded: Professional Hair Clippers, Home Use Hair Clippers, Beard Trimmers
2) By Cordless: Rechargeable Hair Clippers, Battery-Operated Trimmers, Wireless Beard Trimmers
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Which leading companies are shaping the growth of the electric hair clipper and trimmer market?
Major companies operating in the electric hair clipper and trimmer market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands Holdings Inc., Panasonic Corporation, Conair Corporation, Havells India Limited, Andis Company Inc., Zed Lifestyle Pvt Ltd., Syska LED Lights Private Limited, Brio Product Group, 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, Floresta Real India Pvt. Ltd.
What key trends are currently impacting the electric hair clipper and trimmer market’s development?
Innovations in technology have been identified as a driving force in boosting the popularity of the electric hair clipper and trimmer industry. The sector is seeing increased demand due to the ongoing evolution and advancement of electronic systems. The climate is changing toward more compact, water-resistant, high-powered, cordless products with higher torque motors. Wahl Clipper Corporation, a firm based in the USA operating within the electric hair clipper and trimmer market, reflected this trend when they launched the Wahl Cordless Pro Clipper in April 2022. This cordless hair clipper is equipped with advanced lithium-ion battery technology for long-lasting power and hair cutting potential. The intense power of its lithium-ion battery allows for up to 2 hours of sustained use, quick charging technology, and a smart-charge technology light to indicate battery life. Moreover, the clipper motor provides power and stroke for a seamless, snag-free haircutting experience while operating quietly.
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Which geographic areas are influencing the growth of the electric hair clipper and trimmer market?
North America was the largest region in the electric hair clipper and trimmer market in 2024. 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.
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