Press release
APAC For Personal Care Electrical Appliances Market would grow at CAGR of 10.5% during the forecast period
Personal Care And Home Appliances Market
Personal care electrical appliances are used both by men and women for personal grooming purposes. Such products include hair care, oral care and other personal hygiene products that are battery or electricity operated. The market is expected to grow at a steady pace for products that have already established themselves. However, the sales of comparatively newer products such as hair stylers and oral care appliances, would witness a faster adoption in the global market. In the developed nations, the market is witnessing a faster growth in revenue as compared to unit sales. This is illustrated from the continuous increase in price of the established products, due to the premiumization trend. Buyers, especially in the developed countries, are brand and quality conscious, which encourages them to buy premium products.
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An improving economic environment, growth in ageing population and increasing disposable incomes are the key drivers of this market. Lack of awareness regarding novel products and durability, are some of the key restraints for the market. Hair dryers market is gradually moving towards maturity in the developed economies; however, the market possesses growth potential in developing nations. Newer products such as oral care appliances are yet to gain awareness in emerging economies. Lack of durability is another factor that restricts the market growth. Though, premium products are durable, numerous local companies offer non-durable products, which creates reluctance in customers mind, towards buying these products.
The personal care electrical appliances market has been segmented based on product types, gender and geography. Based on product types, the market is primarily segmented into hair care appliances, hair removal appliances, oral care appliances and other personal care products. Hair care appliances hold nearly 41% of the global personal care market, followed by hair removal appliances accounting for approximately 35% of the market. Geographically, the market has been categorized into North America, Europe, Asia Pacific and LAMEA. North America is the leading region in the market and is expected to retain its leadership position throughout the forecast period. Europe would be the second largest revenue generating region followed by APAC. However, APAC would grow at the fastest CAGR of 10.5% during the forecast period. Key companies profiled in this report include Remington Products Company, Procter and Gamble (Braun GmbH/Oral B), Conair Corp, Royal Philips Electronics NV, Panasonic Corporation, Groupe SEB, Colgate-Palmolive, Helen of Troy L.P, HoMedics Inc. and LION Corp.
KEY BENEFITS
This report outlines the current and future trends of the global personal care electrical appliances market along with a detailed analysis of key factors influencing the market
The study is an intensive resolution of various segments and depicts the growth potential of the personal care electrical appliances market
In this study, the current market position is analyzed qualitatively as well as quantitatively and a forecast for 2014-2020 is provided to represent the future growth prospects
Key companies in the personal care electrical appliances market are profiled along with a SWOT analysis to highlight the required strengths and opportunities in the market
Porters Five Forces model is used to analyse the potency of buyers & suppliers, along with a detailed study on the market competition
The report also provides a value chain analysis, evaluating the role and value addition of key intermediaries involved in the value chain
KEY MARKET SEGMENTATION
The market is segmented on the basis of product type, gender and geography.
MARKET BY PRODUCT TYPE
Hair Care Appliances
Hair Dryers
Hair Straightener
Hair Stylers
Hair Removal Appliances
Epilators
Shavers
Clippers
Trimmers
Oral Care Appliances
Powered toothbrush
Other oral care appliances
Other Appliances
MARKET BY GENDER
Male
Female
MARKET BY GEOGRAPHY
North America
Europe
Asia Pacific
LAMEA
KEY PLAYERS
Remington Products Company
Procter and Gamble
Conair Corp
Royal Philips Electronics NV
Panasonic Corporation
Groupe SEB
Colgate-Palmolive
Helen of Troy L.P
HoMedics Inc.
LION Corp.
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