This Electric Fabric Shavers market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Electric Fabric Shavers market.
Electric Fabric Shavers Market Outlook
The textile industry is one of the oldest branches of consumer goods manufacturing in the world. It is a heterogeneous sector which covers the whole production chain of modifying natural and chemical fibers such as wool, cotton, and others into end-user products include household goods, garments, clothes, as well as industrial textiles. Various textiles have different properties, and knitted clothes are very much prone to pilling. It is not easy for some people to throw a luxury item of clothes that moment it starts to pill. However, pilled clothing can look dull, old, and even messy. According to an independent study, the American population throws away around 10.5 million tons of clothing annually which goes into landfills and only 15% of their clothes are recycled or donate per year. Therefore, companies are seeking innovative solutions to hold onto these waste clothes or making them presentable enough to donate or reused. Pills form on the clothes are difficult to remove, so, they require more aggressive products such as electric fabric shavers which can also encourage one not to throw out their old clothes too frequently. Electric fabric shavers help in removing tiny balls called pills that form on old couches, sweaters, and other fabric covered products. Electric fabric shavers can make damaged out clothes appearance brand new as well as feel entirely smooth again. The thickness of the cloth will determine which type of electronic fabric shavers is appropriate.
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Rise in the textile industry, growing consumer’s desire for portable devices with high battery backup and comfortable to use during traveling or commuting along with increasing consumers brand loyalty are the factors influencing the growth of the electric fabric shavers market in the near future. Additionally, expanding product premiumization trend, new product launch with innovative features such as stainless steel blades, typically faster, and efficient compared to manual fabric shavers is some other factors fueling the growth of the electric fabric shavers market during the forecast period. However, availability of hundreds of alternatives in the market such as manual fabric shavers coupled with growing safety standards may hinder the growth of electric fabric shavers market during the forecast period.
Global Electric Fabric Shavers Market: Key Players
Some of the key players operating in the global electric fabric shavers market are 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, Inc., The Emerson Electric Company, The Fabric Care Company, and others.
Synthetic fibers such as nylon and polyester, though more resilient compared to natural fibers are more prone to pilling as well as workout clothing such as yoga pants, sports clothing made from synthetic fiber to withstand the rigorous activities have more chances of pills are some of the leading factors driving the growth of the global electric fabric shavers market. Moreover, parents spend lots of money on kid’s clothes as increasing need for special clothing for extracurricular activities; thus electric fabric shavers can be an essential electronic device to remove pills from clothes and make them reusable is expected to grow the electric fabric shavers market during the forecast period.
Opportunities for Global Electric Fabric Shavers Market Participants
Growing textile industry in developing countries such as India and China as this sector is making a significant contribution in terms of forex earnings as well as employment is the factor due to which electric fabric shavers market revenue is expected to grow at a rapid growth rate, over the forecast period. Today, textile industry accounts for around 14% of India’s industrial production, and about 27% of export earnings are from textiles and clothing alone. Moreover, consumers are demanding for customizing electric fabric shavers for more delicate fabric so that they can control the pressure coupled with they are also seeking for large pill cup electronic fabric shavers for multi-purpose to minimize the need to stop and empty it frequently is the primary factor accelerating the growth of the electric fabric shavers market.
Brief Approach to Research
FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the market
- Cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Indication
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Electric Fabric Shavers: Market Segmentation
On the basis of end-use, the global electric fabric shavers market has been segmented as –
- Residential
- Commercial
On the basis of sales channel, the global electric fabric shavers market has been segmented as–
- Hypermarkets/Supermarkets
- Specialty Stores
- Multi-brand Stores
- Online Stores
- Independent Small Stores
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Electric Fabric Shavers Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Electric Fabric Shavers Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Electric Fabric Shavers Market report?
In addition to up-to-date market figures and customized of the Electric Fabric Shavers Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.