PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1493109
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1493109
Asia Pacific Electric Fabric Shaver Market is valued at approximately USD 1015.40 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.19% over the forecast period 2024-2032. Electric Fabric Shavers are portable hand tools designed to remove fuzz, lint, and pilling from fabrics to restore their original appearance. These gadgets function by making use of revolving blades surrounded by a perforated shield to safely eliminate extra fibers from clothing, furniture, and different fabrics. Consumers prefer Electric Fabric Shavers because they are convenient and can extend the lifespan of clothing and household fabrics. There are various designs available in the market for Electric Fabric Shaver, including battery-operated and rechargeable models, designed to cater to the diverse needs of consumers. The rising recognition among consumers of environmental concerns is fueling a higher demand for eco-friendly and energy-efficient products. As people become more aware of their environmental impact, they are increasingly choosing products that lower energy usage and decrease their environmental footprint.
Increased consumer knowledge about fabric care and the value of maintaining clothing quality drive growth in the Electric Fabric Shaver market in APAC countries like China, India, and Japan. This is fueled by the large populations in the region with higher disposable incomes, resulting in a greater need for top-notch fabric care products. Well-known companies and a wide selection of items meet different customer demands, helping to grow the market. Urbanization and evolving lifestyles in APAC nations are also driving the need for fabric care products like electric fabric shavers. Technological progress has also been critical in improving the effectiveness and ease of use of these items, increasing their allure for customers. However, the existence of counterfeit or low-quality items in the Electric Fabric Shaver industry can greatly influence consumer trust and choices. Consumers might hesitate to buy these items because they are worried about their quality, performance, and safety. This scenario may result in a hesitancy to invest in electric fabric shavers, preferring well-known and established brands that provide assurance of dependability and efficiency.
The key Countries considered for the Asia Pacific Electric Fabric Shaver market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, India is the dominating country for Electric Fabric Shaver market. the country's sizable population, growing disposable incomes, and heightened awareness of garment care increases the demand for this product. Electric fabric shavers provide convenient and effective solutions that cater to the country's diverse consumer base. The market is growing due to strong retail setup, encompassing both online and offline platforms, which ensures broad availability. Having both well-known international brands and local companies that provide affordable prices and creative products strengthens market competition. With India's ongoing urbanization and increasingly rapid lifestyles, the Electric Fabric Shaver market is expected to experience continued growth due to favorable economic and demographic trends. On the other hand, China is expected to grow at the fastest CAGR over the forecasted year.