Market Size of Europe Fabric Shavers Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 6.34 Billion |
Market Size (2029) | USD 8.35 Billion |
CAGR (2024 - 2029) | 5.67 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Fabric Shavers Market Analysis
The Europe Fabric Shavers Market size is estimated at USD 6.34 billion in 2024, and is expected to reach USD 8.35 billion by 2029, growing at a CAGR of 5.67% during the forecast period (2024-2029).
The increasing focus on sustainable fashion and the desire to extend the life of clothing are major factors in the increasing demand for fabric-shaving devices. Fabric shavers play an essential role in enabling consumers to maintain and preserve their clothing, thus reducing the need to purchase new garments frequently. Manufacturers continually invest in improving the design and functionality of electric fabric shaving devices, resulting in more advanced models with adjustable settings, rechargeable batteries, and ergonomic designs, further enhancing their convenience and effectiveness.
The fabric shaver market is expected to experience significant growth due to the ongoing expansion of e-commerce, as well as the expansion of online shopping platforms. Consumers who shop online for their clothing are more likely to purchase electric fabric shavers to protect and maintain the condition of their fabric. Features such as longer battery life, improved motor performance, and smart connectivity will likely attract consumers and contribute to the market's growth. Additionally, as new fabric materials and blends become available, the electrical fabric shaver industry will need to adjust to meet the demands of these materials. Blade design and fabric sensor technologies are expected to take on greater importance as key selling points.
Electric shavers account for most of the revenue since they have a higher price point and are becoming more and more popular compared to disposable shavers. The electric fabric shaver market is primarily driven by the growing demand for the product from households, hotels and commercial establishments. Additionally, the growth of the market is supported by the increasing recognition of the environmental benefits associated with the use of the electric fabric shaver.