Electric Shoe Polisher Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

The electric shoe polisher market share is expected to increase to USD 36.68 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.61%.

The report extensively covers electric shoe polisher market segmentations by the following:

• Distribution channel - Offline and online
• Geography - North America, Europe, APAC, Middle East and Africa, and South America

The electric shoe polisher market report offers information on several market vendors, including 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. among others.

This electric shoe polisher market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Electric Shoe Polisher Market Size be During the Forecast Period?

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Electric Shoe Polisher Market: Key Drivers, Trends, and Challenges

The rising adoption at offices, hotels, and airports is notably driving the electric shoe polisher market growth, although factors such as fluctuation in raw material price may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric shoe polisher industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Shoe Polisher Market Driver

• The rising adoption at offices, hotels, and airports is one of the key drivers contributing to the electric shoe polisher market growth.
• Primarily, an automated electric shoe polisher is very convenient. it includes a sensor that automatically senses when shoes approach and then begins to remove the dirt and after removing the feet, the machine stops automatically.
• Hotels, airports, and malls are part of the service sector and thus, they take special care to maintain cleanliness around the place to offer the best customer experience. 
• Electric shoe polishing machines work more effectively to clean shoes quickly because of their high strength, and this helps a large volume of people visiting hotels and malls to get their shoes cleaned in less time. This helps hotels and bars maintain cleanliness in the place. Such benefits will drive the electric shoe polisher market growth during the forecast period.

Key Electric Shoe Polisher Market Trend

• Increased digital marketing and social media campaigns for consumer engagement is one of the key electric shoe polisher market trends fueling the market growth. 
• Vendors use different methods and platforms to increase their brand equity and visibility.
• The different platforms used by vendors for brand promotions include in-store events, direct marketing, and Internet marketing. They also use social media platforms such as Twitter, Facebook, and others. 
• Vendors like Beck Shoe, Ray Charles, and Expondo heavily use social media to promote their products. This improves customer engagement and increases the demand for electric shoe polishers. Such factors are expected to propel the growth of the global electric shoe polisher market during the forecast period.

Key Electric Shoe Polisher Market Challenge

• Fluctuation in raw material price is one of the factors hampering the electric shoe polisher market growth.
• The significant raw materials used by electric shoe polishers are shoe polishes made of waxes and solvents. These raw materials are petroleum derivatives and have highly volatile prices due to their high dependence on crude oil prices.
• The electric shoe polisher is made of stainless steel and operates on infrared sensors. Steel prices have witnessed high fluctuation since 2020.
• The fluctuations in raw material prices result in uncertainty in the market and negatively impact the production costs and reduce the profit margins of vendors. Hence, the volatility in crude oil prices resulting in the volatility of raw materials will hamper the growth of the global electric shoe polisher market during the forecast period.

This electric shoe polisher market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Electric Shoe Polisher Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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.
• Sunpentown International Inc.

 

This statistical study of the electric shoe polisher market encompasses successful business strategies deployed by the key vendors. The electric shoe polisher market is fragmented and the vendors are deploying growth strategies such as quality, regulatory compliance, and innovation to compete in the market.

Product Insights and News

• Beckshoeproducts.com - The company offers electric shoe polisher such as diplomat brass, diplomat chrome, and diplomat black.
• Comforthouse.com - The company offers electric shoe polisher with handles.
• Dolphy.in - The company offers electric shoe polisher such as silver automatic shoe shining machine, fully automatic black and brown shoe polish machine.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric shoe polisher market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Electric Shoe Polisher Market?

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31% of the market's growth will originate from North America during the forecast period. The US is the key market for the electric shoe polisher market in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The high adoption of shoe care products and the rigid concentration of market players will facilitate the electric shoe polisher market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region in 2020 had an adverse impact on product demand for non-essential products such as electric shoe polishers, customer behavior, and others. However, with the initiation of COVID-19 vaccination drives in the region during the first half of 2021, there has been a relaxation in lockdown norms. This, in turn, has led to the stabilization of the supply chain of electric shoe polishers in the region. This, in turn, will drive the electric shoe polisher market growth during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Electric Shoe Polisher Market?

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The electric shoe polisher market share growth by the offline segment will be significant during the forecast period. The offline distribution channel dominated the global electric shoe polisher market over the past few years and is expected to continue to follow the same trend during the forecast period. The large presence of offline retail shops catering to the shoe care segment is the key factor for the dominance of this channel. Moreover, consumers prefer department stores to buy personal care products such as shoe care products due to the availability of products of different brands under one roof. These convenience offered by offline stores will drive the electric shoe polisher market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric shoe polisher market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global electric shoe polisher market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric shoe polisher market during the forecast period.

Electric Shoe Polisher Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric shoe polisher market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Electric Shoe Polisher Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.61%
Market growth 2022-2026	$ 36.68 million
Market structure	Fragmented
YoY growth (%)	4.93
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 31%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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.

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What are the Key Data Covered in this Electric Shoe Polisher Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electric shoe polisher market growth during the next five years
• Precise estimation of the electric shoe polisher market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric shoe polisher industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric shoe polisher market vendors

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