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Electric Shoe Polisher Market Size

Report ID: GMI8736
Published Date: Mar 2024
Report Format: PDF

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Electric Shoe Polisher Market Size

Electric Shoe Polisher Market size was valued at approximately USD 50 million in 2023 and is projected to register a CAGR of over 5% between 2024 & 2032, driven by the increasing consumer focus on personal grooming and the convenience of automated home appliances.

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As lifestyles become more fast-paced, the preference for quick & efficient solutions for daily tasks such as shoe polishing is on the rise. This trend, coupled with the growing disposable income in emerging economies, is expected to significantly propel market expansion. The integration of technology into personal grooming products including electric shoe polishers has enhanced the product appeal by offering features such as adjustable speeds, multifunctionality (polishing, buffing, and cleaning), and eco-friendly operations. Innovations such as smart electric shoe polishers that can be controlled via smartphone apps are also emerging, further driving consumer interest and market expansion.

For example, a leading footwear company recently announced a strategic partnership with a tech firm to develop a line of electric shoe polishers that polish & diagnose the shoe's material condition and recommend specific care instructions. This innovative approach to shoe care is expected to set new standards in the market and attract a broader consumer base. Moreover, the post-pandemic emphasis on hygiene and cleanliness has bolstered the demand for personal care appliances including shoe polishers as consumers seek more efficient ways to maintain cleanliness and extend the life of their footwear.

Electric Shoe Polisher Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electric Shoe Polisher Market Size in 2023:	USD 50 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5%
2032 Value Projection:	USD 100 Million
Historical Data for:	2018 - 2023
No. of Pages:	200
Tables, Charts & Figures:	275
Segments covered:	Product Type, Distribution Channel, End-Use, and region
Growth Drivers:	Increasing emphasis on personal grooming and cleanliness Rising demand for quick and efficient polishing Increased focus on personal grooming boosts sales Shift toward eco-friendly and energy-efficient solutions Growing preference for automated shoe care products
Pitfalls & Challenges:	Limited battery life hampers prolonged use Potential motor malfunctions

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Limited battery life is a significant pitfall in the market as it restricts the duration of use, hindering prolonged polishing sessions. Users may find themselves frequently interrupted to recharge, disrupting workflow and efficiency. This limitation also affects portability as users must consider access to power sources for recharging, potentially limiting the device's usefulness in environments where electricity is not readily available.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The electric shoe polisher industry was valued at approximately USD 50 million in 2023 and is projected to register a CAGR of over 5% between 2024 & 2032, driven by the increasing consumer focus on personal grooming and the convenience of automated home appliances.

The handheld automatic segment held a decent market share in 2023 and is expected to register a CAGR of over 8% through 2032, as they streamline the polishing process, efficiently covering large areas of shoes with minimal effort, thereby enticing consumers with busy lifestyles.

Asia Pacific Electric Shoe Polisher Industry held a revenue share of 45% in 2023 and is set to gain prominence by 2032, attributed to the region's robust emphasis on personal grooming and cleanliness, combined with a high disposable income among booming consumer base.

Dremel (owned by Bosch), Electric Shoe Polisher by Fapully, Florsheim Electric Shoe Polisher, Kalorik Electric Shoe Polisher, Moneysworth & Best, Simple Shine, Sunpentown are some of the major industry contenders.