Market Insights Consumer Household Appliances Small Appliances

Hair Clippers - Taiwan

Taiwan

In 2024, the Hair Clippers market in Taiwan is projected to generate revenue of US$62.38m.
With an anticipated annual growth rate of 2.91% (CAGR 2024-2029), the market is expected to expand steadily.
In terms of global comparison, in China leads the way with revenue reaching US$3,093m in 2024.
Looking at the revenue in relation to the total number of households, each household is estimated to generate US$7.68 in 2024.
This indicates the market's potential for capturing a significant portion of the population's spending power.
As for volume, the Hair Clippers market is forecasted to reach 1.4m pieces by 2029.
In the coming year, 2025, a slight volume growth of 0.3% is predicted.
This showcases the steady demand for hair clippers in the market.
Examining the average volume per household in the Hair Clippers market, it is expected to be 0.17pieces in 2024.
This figure highlights the prevalence of hair clippers among households in Taiwan.
Taiwan's hair clipper market is experiencing a surge in demand due to the rising popularity of home haircuts during the COVID-19 pandemic.

Key regions: Canada, China, United States, Europe, Germany

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.