Market Trends of Fabric Shavers Industry
Increasing Demand By Residential Segments
With a rise in the market value of home textiles and apparel by households, residential units are emerging as a major segment for the sales of fabric shavers. Women, with their major share in the clothing market, are creating a significant demand for fabric shavers as they lead the apparel market revenue and spending on clothing care. Increasing sales of small home appliances and the rising disposable income of households are creating a positive externality for the sales of fabric shavers, with the United States and China leading in the apparel market revenue share by residential units, resulting in manufacturers launching a wide range of fabric shaver products in these markets. Rising household demand for clothes made from synthetic fabrics of various types is leading to fabric shavers becoming an important component of households for removing the pilling in clothing.
Asia-Pacific Leading The Market
Asia-Pacific countries of China, India, and Japan are leading globally in the apparel market revenue, resulting in the region emerging as a strategic market for the sales of fabric shavers. Asia exists as the region, having a major share of around 50% in the sales of global household appliances, leading to an increasing number of fabric shaver manufacturers entering the region with rising sales volume. Increasing online revenue share of small home appliances in Asia is leading to manufacturers diversifying their fabric shaver sales through e-commerce as well as direct websites. In the region, the women's apparel market is significantly larger in comparison to men's and children's apparel, resulting in global manufacturers designing their products and expanding sales units, keeping the gender-specific design in their sales strategy. These trends in the Asia-Pacific region are making it an opportunistic market for Fabric shavers.
