Beard Trimmer Market To Cross $13.0 Billion By 2031 | Type, Application, End Use, Forecast, 2021-2031

According to a new report published by Allied Market Research, titled, "Beard Trimmer Market," The beard trimmer market was valued at $5.7 billion in 2021, and is estimated to reach $13.0 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

Rapid expansion of metro cities, rise in urban population, and rise in trend of keeping beard as fashion symbol are expected to support growth of the market. Young people are increasingly choosing to keep beards and moustaches as a fashion statement. Increase in number of fashion-conscious consumers and rise in number of salons across the globe has further led to growth of the Beard Trimmer Market.

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Major Key Players:

Players operating in the global beard trimmer industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in the report include Andis Company, Braun, Brio Product Group, Conair Corporation, Procter & Gamble, Panasonic Corporation, Koninklijke Philips N.V., Spectrum Brands, Syska, and Wahl Clipper Corporation.

KEY FINDINGS OF STUDY

-> The beard trimmer market size was valued at $5,669.6 million in 2020, and is estimated to reach $12,990.6 million by 2031, registering a CAGR of 8.8% from 2022 to 2031.

-> In 2021, on the basis of product type, the corded segment acquired $2,186.3 million, exhibiting 38.6% of the global market share.

-> In 2021, by end user, the personal segment was valued at $4,190.4 million, accounting for 73.9% of the market share.

-> In 2021, on the basis of distribution channel, the hypermarket and supermarket segment acquired $1,971.3 million, exhibiting 34.8% of the global market share.

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The COVID-19 outbreak positively impacted the overall growth of the beard trimmer market in 2020. During the pandemic, people were restricted their homes and hair care centers such as salons were closed. This impelled people to choose portable and user-friendly trimmers to cut and trim their hair and beard at home. Thus, in 2020, beard trimmer market demand increased significantly.

By end user, the commercial segment was the significant contributor to the market, with $1,479.2 million in 2021, and is expected to grow at a CAGR of 10.3% during the forecast period. When it comes to styling beard with specific requirement, most customers prefer consulting hair care professionals for the same. These professionals are trained to recognize and use right type of beard trimmers. Hence, such factors propel the segment growth.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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