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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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.
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.
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Regional Analysis:
According to the beard trimmer market opportunities, by region, Asia-Pacific garnered a significant beard trimmer market share in 2021, and is expected to maintain the growth throughout the forecast period. Changes in consumer behavior, lifestyle, and rise in disposable income of emerging economies such as China and India and increase in sense of fashion among males, especially in developing economies Asia-Pacific countries are expected to supplement growth of the beard trimmer market. Furthermore, the market growth is driven by rise in number of salon chains, increase in demand for hairstyling, and surge in urban population in the region.
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Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Beard Trimmer Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Beard Trimmer Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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