As of 2023, the sold production of shavers, hair-removing appliances, and hair clippers with self-contained electric motors in Germany was at 12.5 million items. Forecasts suggest a steady year-on-year increase: 2024 (12.748 million), 2025 (12.984 million), 2026 (13.218 million), 2027 (13.45 million), and 2028 (13.679 million), representing a steady growth trend through 2028.
The annual growth rates are expected to be approximately:
- 2024 to 2025: 1.85%
- 2025 to 2026: 1.80%
- 2026 to 2027: 1.75%
- 2027 to 2028: 1.70%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected at approximately 1.8%, indicating consistent market growth.
Future trends to watch include technological advancements increasing product efficiency and durability, as well as shifts in consumer preferences towards eco-friendly and multifunctional devices.
