Rise in the working women population and demand for quick fix grooming solutions are driving the growth of the global electric hair removal products market in the forecast period, 2022-2026.
According to TechSci Research report, “Electric Hair Removal Products Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Epilators, Trimmers, Razors, Others), By Application (Home Use, Professional Use), By Distribution Channel (Supermarket/Hypermarkets, Cosmetic Stores, Electronic Stores, Online, Others), and By Region”, the global electric hair removal products market is anticipated to grow at a steady CAGR for the forecast period, 2022-2026. The growing demand for hair removal products among consumers is due to the presence of affordable electric hair removal products as well as rising disposable income.
The use of electric hair removal products helps in enhancing the skin complexion, a significant reduction in body odor, and smoothens the skin over which the products are used. Electric hair removal products can be used from the comfort of homes, thereby eliminating the need to physically visit the salon, and saving a considerable amount of time in the process.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Electric Hair Removal Products Market"
The global electric hair removal products market is segmented on the basis of type, application, distribution channel, regional distribution, and competition landscape.
On the basis of type, the global electric hair removal products market is divided into epilators, trimmers, razors, and others. The epilators segment type is expected to hold the largest market share in the forecast period, 2022-2026. An epilator is a type of electrical device which mechanically grasps multiple hairs and simultaneously plucks them out.
The high demand for epilators among consumers is because they provide smoother skin and removes the hair, which lasts longer than the other hair removal methods like tweezing, shaving, or hair removal creams. High sales of epilators are due to the rise in the working population around the world. Major manufacturers of epilators around the globe are Philips, Codream, Braun, among others.
On the basis of application, the global electric hair removal products market is bifurcated into home use and professional use. The professional use segment is expected to witness the fastest incremental growth in the predicted period. The rise in the number of hair salons and the demand for quick hair removal products is driving the demand of this segment.
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On the basis of distribution channel, the global electric hair removal products market is divided into supermarket/hypermarkets, cosmetic stores, electronic stores, online, and others. The supermarket/hypermarket segment is expected to account for significant market share in the next five years. The presence of a large number of markets and the construction of hypermarket/supermarkets in developing countries to boost the economy are influencing the market demand.
The availability of several options belonging to different brands can be purchased under a single roof, enabling the consumer to compare and then buy products according to their needs and budget. Organized retail stores are present in hypermarket/supermarkets that provide sufficient visibility and space for new and existing products, thereby fueling the market demand. The presence of in-store associates in these markets helps solve the customers' doubts and make the right buying decisions based on the customers' preferences.
On the basis of regional analysis, the North America region is expected to dominate the global electric hair removal products market during the forecast period, 2022-2026. High awareness among the consumers regarding the benefits of personal hygiene and grooming habits and increased spending on grooming products are the major driving factors for the market. The rising penetration of electronic devices and technologically advanced grooming products are expected to accelerate the market demand.
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“The growing need among consumers to buy hassle-free hair removal products and the efforts made by the market players to launch products based on gender and skin type is expected to bolster the global electric hair removal products market demand. The intense competition among the market players and the efforts made by the market players to expand in the rural areas, and the increase in the consciousness of consumers is anticipated to propel the demand of the global electric hair removal products market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Electric Hair Removal Products Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Epilators, Trimmers, Razors, Others), By Application (Home Use, Professional Use), By Distribution Channel (Supermarket/Hypermarkets, Cosmetic Stores, Electronic Stores, Online, Others), and By Region”, has evaluated the future growth potential of global electric hair removal products and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global electric hair removal products market.
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