The electric fabric shaver market is projected to be worth USD 2,669.5 million in 2023. The market is likely to reach USD 4,474.1 million by 2033. The market is further expected to surge at a CAGR of 5.3% during the forecast period 2023 to 2033.
| Attributes | Key Insights |
|---|---|
| Electric Fabric Shaver Market Estimated Size in 2023 | USD 2,669.5 million |
| Projected Market Value in 2033 | USD 4,474.1 million |
| Value-based CAGR from 2023 to 2033 | 5.3% |
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The market for electric fabric shaver experienced substantial demand, reaching valuation of USD 2,527.9 million in 2022. This value is further expected to incline to reach USD 2,669.5 million in 2023.
| Report Attributes | Details |
|---|---|
| Market Value in 2022 | USD 2,527.9 million |
| Market Value in 2023 | USD 2,669.5 million |
The electric fabric shaver market experienced a significant growth during the historical period from 2018 to 2022. The market is being driven by several factors, including the increasing demand for convenient and affordable home appliances, and growing awareness of the benefits of electric fabric shavers.
Electric fabric shavers are a more effective way to remove lint and pills from clothes than manual fabric shavers. They are also less likely to damage delicate fabrics, which has led to a growing awareness of the benefits of electric fabric shavers, which has driven demand for these products. Electric fabric shavers are can remove lint and pills from clothes. The trend has led to an increasing demand for these products, especially in developing countries where disposable incomes are rising.
The forecast period from 2023 to 2033 is expected to see accelerated growth in the market. The growth is being driven by several factors, including the growing awareness of the importance of fabric care, and advances in electric fabric shaver technology.
There is a growing awareness of the importance of fabric care, which is leading to an increasing demand for products that can help to extend the life of clothes. Companies are investing in new technologies to improve the performance and efficiency of electric fabric shavers. The trend is expected to boost the development of new and innovative products that are more effective and easier to use than older models.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and China. The countries are expected to lead the market through 2033.
Forecast CAGRs from 2023 to 2033
| The United States | 5.7% |
|---|---|
| The United Kingdom | 5.9% |
| India | 7.5% |
| China | 6.4% |
| Japan | 4.0% |
The electric fabric shaver market in the United States expected to expand at a CAGR of 5.7% through 2033. The fashion conscious culture in the country often drives the demand for products that help maintain the quality and appearance of clothing, boosting the market for fabric care tools.
Ongoing innovations in the design and features of electric fabric shavers, such as improved blade technology and ergonomic designs, are anticipated to attract consumers seeking efficient and user friendly solutions.
The electric fabric shaver market in Japan is anticipated to expand at a CAGR of 4.0% through 2033. High living standards in the country contribute to a consumer base that values convenience and quality, potentially driving the demand for fabric care products like electric fabric shavers.
The culture of Japan places a strong emphasis on cleanliness and meticulous care of personal belongings. Electric fabric shavers align with this cultural emphasis and may be sought after for garment maintenance.
The electric fabric shaver market in India is poised to expand at a CAGR of 7.5% through 2033. The growing middle class population in India, with increasing disposable incomes, is expected to lead to higher spending on lifestyle and convenience products, including fabric care devices.
The growth of e-commerce platforms in India provides consumers with easy access to a diverse range of fabric care products, contributing to the expansion of market. The trend toward urbanization and apartment living in India is also expected to augment the demand for compact and efficient fabric care tools suitable for smaller living spaces.
Electric fabric shaver trends in China are taking a turn for the better. A 6.4% CAGR is forecast for the country from 2023 to 2033. The consumers in China often embrace new technologies, and the adoption of innovative and technologically advanced fabric shavers may drive market growth.
Busy urban lifestyles and the demand for time saving solutions among working professionals is anticipated to contribute to the popularity of electric fabric shavers. Consumers in the country may invest in fabric care tools as part of their overall self care routine, as personal grooming becomes more important in China.
The electric fabric shaver market in the United Kingdom is anticipated to expand at a CAGR of 5.9% through 2033. Seasonal changes and the rotation of clothing in response to fashion trends may lead consumers to invest in fabric care tools to keep their wardrobe looking fresh and well maintained.
Changing cultural norms and a growing focus on home aesthetics may drive the demand for fabric care tools as consumers seek to maintain a well kept and aesthetically pleasing home environment. The availability of specialized electric fabric shavers designed for specific fabrics or garment types may cater to niche markets and attract consumers with specific garment care needs.
The below table highlights how wired segment is projected to lead the market in terms of product type, and is expected to account for a share of 76.0% in 2023. Based on application, the residential segment is expected to account for a share of 24.5% in 2023.
| Category | Shares in 2023 |
|---|---|
| Wired by Product Type | 76.0% |
| Residential by Application | 24.5% |
Based on product type, the wired segment is expected to continue dominating the electric fabric shaver market. The segment is expected to account for a share of 76.0% in 2023.
Wired fabric shavers ensure a continuous and consistent power supply, eliminating concerns about battery life, which provides users with uninterrupted usage, making it suitable for larger tasks or extended use.
The wired models do not depend on battery life, unlike cordless fabric shavers that require recharging, which can be advantageous for users who prefer continuous operation without the need for recharging intervals.
Wired fabric shavers can often deliver higher power and performance compared to some cordless models, which can be beneficial for tackling tougher fabric issues like heavy pilling or thicker fabrics. Professional garment care services or businesses might prefer corded fabric shavers for their reliability and sustained power, especially in situations where efficiency and speed are crucial.
In terms of application, the residential segment is expected to continue dominating the electric fabric shaver market. The segment is expected to account for a share of 24.5% in 2023.
The growing awareness and emphasis on personal care and grooming at the individual level contribute to the demand for products like electric fabric shavers among residential users. Residential consumers often use electric fabric shavers to maintain the appearance of their clothing, upholstery, and other textiles at home, extending the lifespan of their garments.
Electric fabric shavers offer a convenient and user friendly solution for removing lint, pills, and fuzz from clothing. Their ease of use makes them popular among residential consumers for regular garment care. Residential users often use electric fabric shavers as a preventive measure to address wear and tear on clothing, maintaining a well kept appearance and avoiding the need for frequent garment replacements.
The key strategies chosen by large companies include several growth strategies such as technology development, expansion as well and mergers and acquisitions to surge market share, reach and revenue.
| Attribute | Details |
|---|---|
| Estimated Market Size in 2023 | USD 2,669.5 million |
| Projected Market Valuation in 2033 | USD 4,474.1 million |
| Value-based CAGR 2023 to 2033 | 5.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; The Middle East & Africa |
| Key Market Segments Covered | Product Type, Application, Sales Channel, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, The United Kingdom, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries |
| Key Companies Profiled | Gleener Company; Butler Home Products, LLC; Koninklijke Philips N.V; Sunbeam Products Inc.; 1byone Inc.; House of Wonderful Company; Conair Corporation; Hyman Inc.; Pepin Manufacturing; The Emerson Electric Company |
The market for electric fabric shaver is expected to reach USD 2,669.5 million in 2023.
The electric fabric saver market is set to expand by a CAGR of 5.3% by 2033.
The market for electric fabric shaver is forecast to reach USD 4,474.1 million by 2033.
India is to be the top performing market, with a CAGR of 7.5% through 2033.
Wired segment is preferred, and is expected to account for a share of 76.0% in 2023.
Electric Fabric Shaver Market
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