Electric Shavers Market to hit USD 17.6 billion by 2032, says Global Market Insights Inc.
Globe Newswire - Dec 18th, 2024
The electric shavers market, valued at USD 11.89 billion in 2023, is anticipated to grow at a 4.5% CAGR from 2024 to 2032, driven by increased personal grooming awareness and technological advancements. Despite strong competition and the challenge posed by cheaper alternatives like disposable razors, manufacturers are innovating with smart technology and customizable features. Rotary shavers lead the market due to their comfort and design for sensitive skin. The cordless segment, holding 65% market share in 2023, is preferred for its convenience. The Asia Pacific region, with a large population and growing e-commerce, is a significant growth area, expected to expand from USD 4.07 billion in 2023 to USD 6.27 billion by 2032. Major market players include Braun, Philips, and Panasonic, among others.
RATING
The article provides a detailed overview of the electric shavers market, including growth projections, market dynamics, and consumer trends. However, it lacks sufficient sourcing and balance in viewpoints, affecting its overall credibility.
RATING DETAILS
The article presents specific data points and forecasts about the electric shavers market, which seem plausible. However, it does not provide detailed sources for these statistics, making it difficult to verify their accuracy.
The article primarily focuses on the growth and potential of the electric shavers market without exploring any contrasting perspectives or potential downsides. It lacks a balanced view that includes challenges beyond competition and cheaper alternatives.
The language is clear and accessible, with a logical structure. The article avoids emotive language and maintains a neutral tone, making it easy to understand.
While the article is published by Global Market Insights, it does not reference specific studies or expert opinions, and it lacks citations for the data presented. This affects the credibility and reliability of the information.
The article provides some methodological information about the research process, but it does not disclose potential conflicts of interest or affiliations. More transparency about the data sources and methodology would enhance its credibility.