“The expansion of the global electric shaver and hair care equipment industry is forecast to reach 2.6% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.7%. Currently, electric shavers account for 24.4% of the global demand while the remaining market share is divided between electric hair dryers (18.8%), other electro-thermic hairdressing equipment (24.7%), electric hair clippers (15.7%), electric hair-removing appliances (6.2%) and parts for electric shavers and hair care equipment (10.1%).
Brazil, China, Germany, Japan and the United States represent the largest electric shaver and hair care equipment markets while the strongest annual growth is forecast to occur in Tanzania (24.4%), Bolivia (14.1%), Jordan (12.0%), Israel (11.0%) and Sri Lanka (10.8%).”
