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The electric shoe polisher market size is estimated to grow by USD 28.6 million at a CAGR of 4.5% between 2023 and 2028. Electric shoe polishers are gaining significant traction in various sectors, including offices, hotels, and airports, due to their convenience and efficiency. The global footwear market is projected to reach a value of USD 325.2 billion by 2025, creating a growing demand for innovative footwear care solutions. Electric shoe polishers offer numerous benefits, such as saving time and effort compared to traditional methods, providing consistent and even polishing, and reducing the need for manual labor. These devices are also environmentally friendly, as they eliminate the need for excessive water and polishing cloths. With their ability to deliver high-quality results and contribute to the growing footwear market, electric shoe polishers are an investment worth considering for both personal and professional use.
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Electric shoe polishers are gaining popularity in the personal grooming products market due to the convenience and effectiveness they offer compared to traditional shoe polishers. These appliances use smart technology such as infrared sensors and adjustable settings to provide a thorough clean and shine to various types of footwear, including leather and cloth shoes. The market for electric shoe polishers is driven by the growing demand for personal care appliances and the increasing focus on hygiene and cleanliness. Electric shoe polishers come in handheld automatic models, which are compact and portable, making them ideal for offices, hotels, airports, and other commercial establishments. Tech firms and footwear companies are also investing in eco-friendly solutions and integrating electric shoe polishers into smart home ecosystems. Smartphone apps are also being developed to enhance the user experience, allowing users to track battery life and customize settings. The youth population, influenced by lifestyle trends, is a significant market for electric shoe polishers. The market is expected to grow significantly in the coming years, with major players including Future Business Insights, Data Bridge Research, and Mordorn Intelligence. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising adoption at offices, hotels, and airports is notably driving market growth. Electric shoe polishers have gained significant popularity in various sectors such as hotels, malls, and airports, where maintaining cleanliness is essential for providing an excellent customer experience. These machines offer several advantages over traditional methods, including convenience and effectiveness. An electric shoe polisher features adjustable settings and rechargeable batteries, enabling users to customize the polishing process and ensuring portability. The emergence of these machines has become increasingly popular in emerging economies, particularly among the middle class, who value premium products for both men's and women's PU shoes. Specialty stores and residential users also benefit from the convenience of electric shoe polishers, as they save time and effort compared to manual methods. The high-strength polishing power of these machines allows for quick and efficient cleaning, making them an indispensable tool for high-traffic areas. Thus, such factors are driving the growth of the market during the forecast period.
Increased digital marketing and social media campaigns for consumer engagement is the key trend in the market. The electric shoe polisher market witnesses significant promotion and marketing efforts from vendors to increase brand awareness and consumer engagement. Adjustable settings and rechargeable batteries offer convenience for users, making electric polishers a popular choice over traditional methods. Vendors target emerging economies and the middle class with premium products for both men's and women's PU shoes. Specialty stores and residential areas serve as key sales channels for these products. Vendors utilize various platforms, including in-store events, direct marketing, and internet marketing, to boost brand equity and visibility. Social media, such as Twitter, Facebook, Pinterest, YouTube, and Google+, are popular channels for vendors like Beck Shoe, Ray Charles, and Expondo to promote their electric shoe polishers. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuation in raw material prices is the major challenge that affects the growth of the market. The electric shoe polisher market is witnessing significant growth due to the convenience it offers over traditional methods. These devices, equipped with adjustable settings and rechargeable batteries, are gaining popularity among consumers, particularly in emerging economies where the middle class is increasingly embracing premium products. For instance, PU shoes, which are popular among both men and women, require regular maintenance and care. Specialty stores are capitalizing on this trend, offering electric shoe polishers as an add-on to their product range. However, the market faces challenges due to the volatile prices of raw materials, primarily shoe polishes made of waxes and solvents, such as naphtha and turpentine. These petroleum derivatives are subject to price instability and fluctuation due to their dependence on crude oil prices. Additionally, the increasing demand for shoe care products is putting pressure on the market to maintain a steady supply. The electric shoe polisher, typically made of stainless steel, also faces challenges due to the fluctuating prices of this raw material. Despite these challenges, the electric shoe polisher market is expected to continue its growth trajectory, offering consumers a more efficient and convenient solution for maintaining their footwear. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Beck Shoe Products Co. - The company offers electric shoe polisher such as diplomat brass, diplomat chrome, diplomat black.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. Electric shoe polishers have emerged as innovative personal grooming solutions, offering convenience and smart technology for maintaining footwear hygiene and cleanliness. Tech firms and footwear companies collaborate to develop these advanced appliances, integrating features such as smartphone apps, automatic sensors, and eco-friendly solutions into the product.
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The offline segment accounted for USD 81.70 million in 2018. These personal care appliances cater to various industries, including offices, hotels, airports, and production facilities, making them essential for commercial use. Handheld automatic polishers and rotary tools are popular choices, featuring machine-applied cream or wax, brushes, and infrared sensors for optimal results. With time-saving features and home delivery, these fully automatic electric shoe polishers have gained popularity among the youth population and lifestyle-conscious consumers. B2B transactions are common in this sector, with material suppliers and online stores offering B2B platforms for bulk purchases. As part of the smart home ecosystem, electric shoe polishers contribute to the growing trend of automated personal care solutions.
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APAC is estimated to contribute 30% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Electric shoe polishers have emerged as innovative personal grooming solutions in the market, offering convenience and smart technology for maintaining the hygiene and cleanliness of footwear. These appliances, which fall under the category of personal care appliances, are gaining popularity among both individuals and businesses. Tech firms and footwear companies are increasingly investing in this sector, integrating features such as smartphone apps, automatic sensors, and eco-friendly solutions into their electric shoe polishers. Handheld automatic polishers and rotary tools are popular choices for personal use, while commercial models cater to offices, hotels, airports, and other establishments. The battery life and time-saving features of electric shoe polishers make them an attractive option for busy individuals, particularly the youth population who prioritize lifestyle and convenience. B2B transactions are common in the electric shoe polisher market, with production facilities and material suppliers catering to the demands of footwear companies and tech firms. Online stores and e-commerce platforms have made it easier for consumers to purchase electric shoe polishers, offering home delivery and a wide range of options based on product functional attributes, such as leather shoes or cloth shoes.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Electric shoe polishers are gaining popularity in the personal grooming products market due to their time-saving features and smart technology. These devices are designed to provide a convenient and efficient solution for maintaining cleanliness and hygiene of footwear. Tech firms and footwear companies are increasingly investing in the development of electric shoe polishers to cater to the growing demand for personal care appliances. Handheld automatic polishers and rotary tools are the most common types of electric shoe polishers available in the market. These devices use a combination of brushes and cream or wax to clean and shine leather or cloth shoes. Some advanced models come with infrared sensors that automatically detect the type and color of the shoe to provide an optimal polishing experience. Electric shoe polishers are not just limited to individual consumers but are also being adopted by offices, hotels, airports, and production facilities for commercial use. The integration of these devices into smart home ecosystems and B2B transactions is further driving the growth of the electric shoe polisher market. Eco-friendly solutions are also gaining traction in the electric shoe polisher market as consumers become more conscious of their carbon footprint. Some manufacturers are offering battery-operated electric shoe polishers that can be recharged and used multiple times, reducing the need for disposable polishing pads and creams. Online stores and e-commerce platforms are making it easier for consumers to purchase electric shoe polishers from the comfort of their homes. Product functional attributes such as battery life, automatic sensors, and time-saving features are key considerations for consumers when making a purchase. Overall, the electric shoe polisher market is expected to grow significantly in the coming years due to its convenience, efficiency, and smart technology.
Market Scope |
|
Report Coverage |
Details |
Page number |
127 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 28.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.22 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
APAC at 30% |
Key countries |
US, China, UK, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Beck Shoe Products Co., Comfort House, Dolphy India Pvt. Ltd., Euronics Industries Pvt. Ltd., Expondo GmbH, HEUTE Maschinenfabrik GmbH and Co. KG, Lambert and Barclay Ltd., Novatech Automatic Systems, Orchids International, Plankomat SA Pty Ltd., S.C. Johnson and Son Inc., and Sunpentown International Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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