Electric Toothbrush Industry SWOT analysis and Key Business Strategies, Demand & Forecast – 2027
Market
Highlights
The Global Electric Toothbrush
Market is Estimated to be valued at USD 5,852.2 Million by 2024 and
is expected to register a CAGR of 7.46% during the forecast
period. An electric toothbrush is an automatic toothbrush that
operates with an electric motor in the handle which vibrates the head of the
brush. It is more convenient than a manual toothbrush. They are available in
two types rechargeable and battery-operated. Rechargeable electric toothbrushes
are equipped with a rechargeable in-built battery which can be plugged into a
wall socket while battery-operated toothbrushes require the battery to be
replaced at regular intervals.
Europe was the largest market for
electric toothbrushes in 2018 and the regional market is
expected to maintain its dominance during the review period. North America held
a significant market share and was the second-largest market for electric
toothbrushes in 2018. The market in the US is projected to exhibit
a growth rate of 7.42% during the forecast period to be the
largest country-level market. However, the Asia-Pacific market is projected to
register the highest CAGR during the forecast period. Growing product awareness
followed by increasing per capita disposable incomes is the major factor
driving the growth of the market in the region.
Rising awareness among people
regarding the importance of oral hygiene is leading to the adoption of proper
oral care routines, which is boosting the growth of the global electric
toothbrush industry.
Moreover, the integration of advanced technologies and product innovations acts
as key driving factors for the growth of the market. Strategic collaborations
between electric toothbrush manufacturers and dental care specialists are
projected to positively affect market growth.
Segmental
Analysis
The global electric toothbrush market
has been segmented on the basis of product type, end user, and region.
By product type, the market has been
divided into rechargeable and battery. The rechargeable type segment accounted for the larger market share
in 2018. These toothbrushes work on an oscillating-rotating
technology with 3-dimensional brushing actions, which is driving the growth of
the segment. Rechargeable electric toothbrushes offer additional features over
battery-powered and regular manual toothbrushes and the segment is expected to
register the higher CAGR during the forecast period.
Based on end user, the global
electric toothbrush market has been classified as adults and children.
The adults segment accounted for the larger market share in 2018.
Changing lifestyle and untimely eating patterns reduce the effectiveness of
manual toothbrushes, which is fuelling the adoption of electric toothbrushes
among adults. The segment is also projected to
exhibit the higher CAGR during the forecast period.
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Full Report Details @ https://www.marketresearchfuture.com/reports/electric-toothbrush-market-7983
Market
Players
Market Research Future
recognizes Koninklijke Philips N.V.
(Netherlands), The Procter & Gamble Company (US), Panasonic Corporation
(Japan), OMRON Corporation (Japan), Colgate-Palmolive Company (US), Foreo AB
(Sweden), Pursonic, LLC (US), Smilex (US), Kolibree SAS (France), Conair
Corporation (US), Lion Corporation (Japan), and Wellness Oral Care (US) as the key players in the global electric toothbrush market.
Regional
Analysis
Geographically, the global electric toothbrush market has been segmented into North America,
Europe, Asia-Pacific, South America, and the Middle East & Africa. As per
MRFR analysis, Europe dominated the market, accounting for the largest share of
the market in 2018. However, the market in Asia-Pacific is expected
to register the highest CAGR of 8.12% during the assessment
period. The North American market accounted for the second-largest market
share in 2018. The market in North America is estimated to
reach USD 2,212.5 million by the end of 2024, with the US being the
leading market.
Key
Findings of the Study:
- The Global Electric Toothbrush sales is projected to reach USD 5,852.2
million by 2024 at a 46% CAGR during the review
period of 2019 to 2024.
- Europe accounted for the largest market share in 2018,
with Germany being the major contributor to the growth of the regional
market.
- The rechargeable segment is projected to dominate the global
electric toothbrush market, by product type, during the forecast
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
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