Electric Hair Clipper Market Report Overview
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The global electric hair clipper market size USD 682.55 million in 2021. As per research the market is expected to generate USD 1858.93 million by 2031, exhibiting a high CAGR of 10.54% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the Electric Hair Clipper market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Electric hair clippers and trimmers are personal care items used by consumers to shorten or cut their hair. The face, head, armpit, and genital hair is trimmed with electric hair clippers and trimmers. Electric hair clippers and trimmers are electrical grooming tools that cut hair with few moving blades. Although they function on the same principle as scissors, they are not razors. A clipper is often used to shear cattle and trim huge amounts of hair on a big area of application without cutting very close to the skin. A trimmer is a piece of grooming equipment for human hair that is used for edging, outlining dry shaving, and light shaping on specific application areas. It operates extremely closely to the skin. The consumer grooming items that are used to shorten or trim hair are undoubtedly electric hair clippers and trimmers. Hair on the face, head, armpits, and genitalia is trimmed with electric hair clippers and trimmers.
COVID-19 Impact: COVID-19 Outbreak Has Stopped All Logistical and Manufacturing Activities Worldwide
The COVID-19 outbreaks have resulted in the closure of physical stores, low demand for professional hair trimmers in the market, and disruptions in the provision of online services. Its revenue growth and sales growth have both slowed down. Disrupts the supply chain from the production facility to the retail stores; as a result of the global lockout situation, this factor has had an influence on the erratic market growth of electronic products. Due to lockdown the rise in the use of online shopping has generated a surge in the demand for items in the professional hair trimmer categories in the market, the major manufacturers concentrate their marketing strategy on online platforms.
Latest Trends
"Rising Use of E-Commerce Platforms Leading Expansion of Market"
The expansion of the electronics sector, particularly in emerging nations, and the rising use of e-commerce platforms are factors that are fueling market growth. Manufacturers are putting more emphasis on product innovation. Additionally, one of the main drivers of business development is the increased emphasis on customized grooming. Additionally, the practicality and simplicity of using hair clippers is anticipated to support market growth.
In addition, the sector is expected to witness significant growth due to important firms' rising investments in cutting-edge technology and their focus on improving the shopping experience on e-commerce platforms.
Electric Hair Clipper Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Wired, Cordless Hair Clipper. Wired is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Adults, Kids. Adults will be the dominating segment.
Driving Factors
"Rising Customer Demand for Consumer Electronics Items Fueling the Expansion"
Future growth of the electric hair clipper and trimmer market is anticipated to be driven by customer demand for consumer electronics items. Any electronic device designed for end users' or consumers' every day, non-commercial, or professional use is referred to as consumer electronics (CE). Electric hair clippers and trimmers are grooming tools and appliances used by consumers. They are also utilized to shear animals, and because to an increase in demand, their sales have been rapidly increasing. Additionally, the demand for electric hair clippers and trimmers has benefited from globalization and westernization. For instance, the growth of consumer electronic components in the Americas has accelerated from the low point of the second quarter of 2020, according to a report released in January 2022 by the Electronic Components Industry Association (ECIA), a US-based trade association for electronic component manufacturers. Quarterly revenues are now over $6.6 billion, with a year-over-year increase of 21% between the second quarter of 2020 and the third quarter of 2021. As a result, the market for electric hair clippers and trimmers is being driven by the increase in demand for consumer electronics.
"Growing Consumer Awareness Maintaining Personal Hygiene Fueling the Expansion"
Growing consumer awareness of the need of maintaining personal hygiene and rising personal disposable income are the key drivers of market expansion. Numerous other indirect market growth drivers include the rising popularity of a variety of hair and beard styles, a rise in consumer awareness of the benefits of electric hair clippers and trimmers, such as portability, a high demand for practical consumer electronics products, an increase in research and development activities, and a trend towards greater globalizations and westernization. In the long run, increasing e-commerce platform penetration, a constantly growing population, and increased consumer awareness of well-known brands will all lead to profitable and rewarding market growth potential.
Restraining Factors
"Limited Use of Appliances May Hamper the Market Growth"
Trimmers and clippers' reliance on electricity limits their ability to be used in the event of a power outage, which is anticipated to pose a challenge to rivals and limit market development.
Electric Hair Clipper Market Regional Insights
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"North America Anticipated to Maintain Its Dominance During the Forecast Period"
The electric hair clipper and trimmer market is dominated by the North American and European regions, and this pattern of dominance will continue throughout the projection period as a result of the manufacturers' increasing focus on product advancements. Asia-Pacific will experience the highest CAGR during the forecast period due to the region's rapid globalizations, westernization, and modernization as well as the increasing popularity of brands, rising personal disposable income, expansion of the consumer electronics industry, and constantly rising population.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Oster (U.S.)
- Paiter (India)
- Phillips (Netherland)
- Panasonic (Japan)
- Remington (U.S.)
- Andis (U.S.)
- Braun (Germany)
- Wahl (U.S.)
- Flyco (China)
- Conair (U.S.)
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.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 682.55 Million in 2021 |
Market Size Value By |
US$ 1858.93 Million by 2031 |
Growth Rate |
CAGR of 10.54% from 2021 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What are the key factors driving the Electric Hair Clipper market?
Growing consumer awareness of the need of maintaining personal hygiene and rising personal disposable income are the key drivers of Electric Hair Clipper market expansion.
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What is the leading region in the Electric Hair Clipper market?
North America is the leading region in the Electric Hair Clipper market.
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What are the key players in the Electric Hair Clipper market?
Oster, Paiter, Phillips, Panasonic, Remington, Andis, Braun, Wahl, Flyco, Conair are the key players in the Electric Hair Clipper market.