Cordless Electric Hair Clippers Market Size, Share, Growth, and Industry Analysis, By Type (Under $25, $25 to $50, $50 to $100, and More Than $100), By Application (Household and Barber Shops) and Regional Forecast to 2027

Updated On: 22 April 2024

Cordless Electric Hair Clippers Market REPORT OVERVIEW

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The global Cordless Electric Hair Clippers Market size was USD 421.3 million in 2021 and will touch USD 636.5 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.

The technology in hair clippers has progressed. In order to make hair clippers cordless, some now come with rechargeable lithium-Ion batteries. A cordless clipper can be charged and used without a cord for greater freedom when cutting hair, whereas a corded clipper needs to be connected into an outlet to function properly. It has been anticipated that this particular market segment will grow more over the forecast period. Bifurcated into numerous segments and a variety of products this market is witnessed to withstand even under extreme conditions and it is still found to be flourishing.

This product is more portable, more convenient, and run on batteries than other hair clippers and trimmers. This product demand is proving to be a boon for industry market. Cordless hair clippers are becoming more and more popular due to the advent of devices with longer battery lives. This factor has augmented the cordless electric hair clipper market growth.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 was the duration where the whole world faced extreme situations a drastic disruption in the health issues and economical issues. This fall faced by the people during pandemic caused a lot of disruptions especially in the lifestyle sector but the most affected sector was daily lifestyle and goods as complete halt on the activities related to this sector was imposed due the newly founded rules of social distancing, curfew and lockdowns for the betterment of people. These factors brought a lot of challenges in front of the cordless electric hair clipper market share but past pandemic these challenges have been faced and put to rest since then.

LATEST TRENDS

"Men’s Grooming to Drive Market Growth"

The Cordless electric hair clipper market is anticipated to increase in the next years due to rising expenditure on men's grooming items, which includes electronics such electric hair clippers, shampoo, soap, and perfumes. As the trend of facial hair grows, Wahl released a trimmer designed just for beards. With a potent lithium-ion battery, this electric trimmer is specifically made for beard trimming.

Cordless Electric Hair Clippers Market SEGMENTATION

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By Type

Based on type the global market can be categorized into Under $25, $25 to $50, $50 to $100, and More Than $100 amongst which the leading segment is the Under $25.

• Under $25: A basic level grooming can be provided under this category.

• $25 to $50: This category offers choice and selection in the way grooming is needed.

• $50 to $100: Special budget category lies under this type.

• More Than $100: This category offers a luxury level grooming under the given budget category.

By Application

Based on application the global market can be categorized into Household and Barber Shops amongst which the leading segment is the Household.

• Household: A lot of people used in house grooming option during lockdown which made it the ultimate leading segment.

• Barber Shops: It majorly is an place which provides with services of choicest grooming under favourable budget as well

DRIVING FACTORS

"Product Innovation to Boost the Market"

The electronics industry's expansion and advancement, especially in emerging countries, the increased emphasis of manufacturers on product innovation, and the growing prevalence of e-commerce platforms are some of the factors propelling the cordless electric hair clipper market's growth. Furthermore, a key driver of industry expansion is the increased focus on customized grooming. Furthermore, hair clippers user-friendliness and convenience are anticipated to support market growth.

"E-Commerce to Expand the Market"

Growing investments in cutting-edge technologies by major corporations and a focus on improving e-commerce platform shopping experiences are expected to present a multitude of growth prospects for the sector.

RESTRAINING FACTOR

"High Costs to Impede Market Growth"

Because trimmers and clippers rely on energy, they can't be used during a power outage, which could pose a threat to competitors and impede market expansion. This factors are major restraints on the growth cordless electric hair clipper market.

Cordless Electric Hair Clippers Market REGIONAL INSIGHTS

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"Asia Pacific  Dominating the Market due to Advanced Technology"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

In previous years, Asia Pacific commanded a dominant portion of the market. The primary element anticipated to drive demand for the electric trimmer throughout the projection period is rising product visibility along with millennials' growing trend of growing beards. Sales of hair clippers are predicted to rise in the next years due to rising spending on male grooming, particularly in India.

KEY INDUSTRY PLAYERS

"Market Players to Invest in Collaborations To Sustain Market Presence"

The market's competitive landscape is consolidated, with a few prominent competitors operating at the global and regional levels. Product development and strategic alliances are being pursued by key players to extend their respective product portfolios and achieve a strong foothold in the global market.  They also use techniques such as mergers and acquisitions, partnerships, distribution agreements, partnerships, advertisements, and celebrity endorsements to gain a competitive advantage in the market.

List of Market Players Profiled

• Wahl (U.S.)
• Panasonic (Japan)
• SKEY (U.K.)
• Andis Company (U.S.)
• Sminiker (U.S.)

INDUSTRIAL DEVELOPMENT

October 2023: Philips has introduced the 7000 series trimmer, with features like enhanced water resistance, universal fit for all body parts, and a 6-hour battery backup. This has proven a boon to the sector of consumer goods and lifestyle both globally.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.