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WILMINGTON, DE / ACCESSWIRE / May 29, 2023 / Transparency Market Research Inc. – The growing use of corded and battery operated beard trimmers for men’s grooming is creating significant business opportunities for companies operating in the market.

Transparency Market Research Inc., Monday, May 29, 2023 Press Release Image

Transparency Market Research Inc., Monday, May 29, 2023 Press Release Image

Rapid adoption of grooming accessories with advanced features is expected to fuel market growth over the next few years. Worldwide beard customization market valued at USD 6.2 billion in 2022 and is projected to expand at a CAGR of 7.9% from 2023 to 2031 to reach USD 11.6 billion by 2031.

The introduction of beard trimmers with a slim and robust design expands the market outlook. Recent market trends indicate significant demand for AI rechargeable waterproof beard and mustache trimmers to meet the requirements of a variety of beard types.

Several manufacturers of men’s grooming products are focusing on increasing user comfort and precision during the grooming process. A number of studies have shown that sporting a beard has a beneficial effect on men’s personality, which is likely to boost the demand for beard customization.

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Market overview.

Report coverage

Details

Market income

6.2 billion USD

Approximate cost

11.6 billion USD

Growth rate – CAGR

7.9%

Forecast period

2023-2031

Number of pages

180 pages

Market segmentation

Type, Capacity, Price, Material, Run Time, Length Setting (MM), End Use Industry, Distribution Channel

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Covered companies

Andis Company, Inc., Braun GmbH, Brio Product Group, Conair Corporation, Koninklijke Philips NV, Panasonic Corporation, Procter & Gamble, Spectrum Brands, Inc., Syska, Wahl Clipper Corporation.

Key findings of the study

  • Increase in introduction of advanced features of beard trimmers. Adaptive device manufacturers include several attributes in devices to attract users. The rapidly growing popularity of beard trimmers equipped with waterproof features, detachable blades and head trimmers, and rechargeable batteries is fueling market growth.

  • The demand for stainless steel beard trimmers is expected to grow rapidly. Companies in the market are focusing on identifying innovative products that can offer a personalized shaving experience. Adaptable devices with long battery life and improved engines are likely to gain the attention of future consumers.

  • Significant demand for wireless beard trimmers. Based on type, the wireless segment is projected to hold the largest market share in the near future. The rapid rate of adoption of wireless devices is likely to drive the growth of the market over the next few years.

  • The increasing availability of wireless devices available on various e-commerce portals is likely to accelerate the market development in the near future. Companies offer advanced AI features for a smarter shaving experience to increase market share. Increasing use of cordless appliances with stainless steel blades is bolstering the market growth in the near future.

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Main drivers:

  • Increasing spending on convenient and precise grooming products among men globally is a major driver of the beard grooming market. Men, especially millennials, regularly engage in the practice of trimming their beards to boost their self-confidence and enhance their body image.

  • The rapid expansion of the e-commerce industry is expected to accelerate the global market. The growth in online retailing of men’s facial hair care products is positively impacting the market dynamics.

Regional growth dynamics

Asia Pacific is expected to account for the major share of the global market from 2023 to 2031. Rising spending on personal grooming products, including beard accessories, in the region is projected to drive the market size in the region.

Growing penchant for fashion is driving the use of grooming products among men, especially in developing countries, which is fueling market growth.

The North American market is projected to witness significant growth during the period 2023 to 2031. Rapid adoption of advanced products and increasing trend of product variety is expected to drive the market in the region. Significant demand for artificial intelligence powered beard trimmers is expected to create significant growth opportunities for companies in the region.

Competition landscape

The business landscape is highly competitive due to the presence of a number of global and regional players. Leading players are focusing on new product development to sustain competition in the Beard Grooming market.

Prominent companies operating in the market are Andis Company, Inc., Braun GmbH, Conair Corporation, Procter & Gamble, Syska, Wahl Cripper Corporation, Panasonic Corporation, and Brio Product Group.

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Beard trimmer market segmentation

Type:

Power

Price:

Item:

Run time

  • Up to 30 minutes

  • 30-60 minutes

  • More than 60 minutes

Length adjustment (MM)

  • 0 – 5 mm

  • 5 – 10 mm

  • More than 10 mm

End-use industry

  • Residential:

  • Commercial

  • Halls and salons

  • Hotels:

Distribution channel

  • online

  • Websites owned by the company

  • E-commerce sites

  • Offline

  • Supermarkets/Hypermarkets

  • Specialized stores

  • Other (retail stores, etc.)

Region:

  • North America

  • Europe

  • Asia Pacific

  • Middle East and Africa

  • South America

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Transparency Market Research, a global market research firm registered in Wilmington, Delaware, United States, provides custom research and consulting services. Our unique blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.

Our database is continuously updated and reviewed by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, the Transparency market research employs rigorous primary and secondary research methods to develop distinctive data sets and research materials for business reports.

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SOURCE: Transparency Market Research Inc.

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https://www.accesswire.com/757265/Beard-Trimmer-Market-is-Expected-to-Accumulate-a-Value-of-US-116-Billion-by-Registering-a-CAGR-of-79- in-the-Forecast-Period-2023-to-2031-TMR-Study

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