How Has The Electric Hair Clipper And Trimmer Market Size Evolved In Recent Years?
The electric hair clipper and trimmer market has seen considerable growth due to a variety of factors.
• In recent years, the size of the market for electric hair clippers and trimmers has consistently expanded. The market size is set to rise from $5.93 billion in 2024 to $6.14 billion in 2025, with a compound annual growth rate (CAGR) of 3.5%. The growth witnessed during the historical period can be ascribed to factors such as user feedback and endorsements, multipurpose utility tools, environmental factors, the impact of trends and media, as well as customizable styling alternatives.
What are the Market Size and Expected Growth Rates for the Electric Hair Clipper And Trimmer Template Market?
The Electric Hair Clipper And Trimmer market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the electric hair clipper and trimmer sector are positive, with projected steady gains in the coming years. It's anticipated the industry will hit a value of $6.96 billion in 2029, representing a compound annual growth rate (CAGR) of 3.2%.
The surge during the forecast period could be a result of ongoing focus on grooming, a preference for cordless and wireless options, at home hair care and grooming, professional salon usage, and ergonomic design. Factors like customer reviews and endorsements, versatile applications, environmental conservation practices, growth in the male grooming sector, and brand rivalry and innovation are expected to be pivotal trends within the forecast period.
Which Key Drivers Are Propelling The Electric Hair Clipper And Trimmer Market's Growth?
The surge in the need for consumer electronics is predicted to drive the expansion of the electric hair clipper and trimmer market in the future. The term consumer electronics encompasses any electronic gear designed for regular, non-commercial or professional usage by the end consumer. Electric hair trimmers and clippers fall under the category of personal care devices for consumer grooming, with their use also extending to animal shearing. There has been a remarkable increase in their sales driven by a rise in demand. The trend of westernization and globalization has further boosted the need for these products. For example, LG, a South Korean company specializing in consumer electronics, documented its highest ever annual revenue in its 2022 financial report. A yearly growth of 12.9% was observed from 2021, with the Home Appliance & Air Solution division of LG bringing in a revenue of $22.5 billion in 2022, which was a 10.3% increase from the previous year. Therefore, the upsurge in consumer electronics demand is fuelling the growth of the electric hair clipper and trimmer market.
What Are The Key Segments Within The Global Electric Hair Clipper And Trimmer Market?
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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How Are New Trends Impacting The Size Of The Electric Hair Clipper And Trimmer Market?
The progression of technology is increasingly becoming a prevalent trend within the market for electric hair clippers and trimmers. Developments and innovative techniques within the electronic device sector have heightened the demand for more advanced hair grooming devices. More compact, waterproof, high-torque, cordless devices with high power output are being introduced in the market. As an instance, Wahl Clipper Corporation based in the United States, a key player in the hair clipper and trimmer market, released the Wahl Cordless Pro Clipper in April 2022. This cordless hair clipper operates on advanced lithium-ion battery technology for extended usage and necessary power output for hair cutting. Moreover, the product's battery can provide up to 2 hours worth of power through quick charging technology, while a smart charge technology light displays the battery status. The clipper motor also offers power and stroke for seamless, fail-safe hair cutting, even while operating quietly.
Who Are the Key Players In The Electric Hair Clipper And Trimmer Market?
Major companies operating in the electric hair clipper and trimmer market include:
• 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 Are The Regional Insights Into 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.
