Electric Shaver Razor Market size was valued at USD 20.5 Billion in 2024 and is forecasted to grow at a CAGR of 4.8% from 2026 to 2033, reaching USD 30.1 Billion by 2033.
The electric shaver razor market in Malaysia has experienced notable growth in recent years, driven by technological advancements and evolving consumer preferences. As of 2024, the market is projected to reach approximately US$65.26 million, with expectations to grow at a compound annual growth rate (CAGR) of 10.66% from 2024 to 2029, potentially reaching US$108.30 million by 2029. This growth is influenced by several key factors:
Urbanization and Grooming Consciousness: Rapid urbanization and a heightened awareness of personal grooming among Malaysians have significantly increased the demand for electric shavers. Consumers are increasingly seeking convenient and efficient grooming solutions, contributing to market expansion.
Technological Innovations: Continuous advancements in electric shaver technology, such as precision blades, ergonomic designs, and wet/dry functionality, have enhanced user experience and broadened appeal among consumers.
Gender Inclusivity: The market has seen a shift towards gender-neutral and women-specific electric shavers, catering to a broader audience. Brands are introducing products tailored to diverse grooming needs, further fueling market growth.
Distribution channels play a crucial role in the accessibility of electric shavers. Health and beauty stores, general merchandising outlets, supermarkets, hypermarkets, and online platforms are the primary channels through which consumers purchase these products. The e-commerce sector, in particular, has witnessed significant growth, with the Malaysian shavers e-commerce market projected to reach US$66.6 million by 2024, accounting for 36.9% of the personal care appliances e-commerce market in Malaysia. This segment is expected to grow at a CAGR of 31.4% from 2024 to 2028, reaching US$198.5 million by 2028. The convenience of online shopping and a wide range of product offerings have contributed to this surge.However, the market faces challenges, including:
Product Differentiation: The mature nature of the electric shaver market has led to a lack of significant product differentiation among brands, resulting in price competition that can erode profit margins.
Supply Chain Disruptions: Events such as the COVID-19 pandemic have highlighted vulnerabilities in supply chains, leading to production and distribution delays, affecting product availability.
Competition from Traditional Methods: Despite the advantages of electric shavers, many consumers still prefer traditional shaving methods, limiting the adoption rate of electric alternatives.
To address these challenges, manufacturers are focusing on continuous innovation, enhancing product features, and expanding distribution networks. The emphasis is on developing products that cater to diverse consumer needs, including gender-specific designs and multifunctional features. Additionally, strengthening supply chain resilience and exploring new distribution channels are strategies being implemented to ensure market growth and competitiveness.
Get an In-Depth Research Analysis of the Malaysia Electric Shaver Razor Market Size And Forecast [2025-2032]
Â
Braun
Panasonic
Philips
Remington
Vivitar
Wahl
BaByliss
Braun
Â
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
Â
Get Discount On The Purchase of the Malaysia Electric Shaver Razor Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Electric Shaver Razor Market
Rotary Shavers
Foil Shavers
Corded Shavers
Cordless Shavers
Rechargeable Shavers
Men's Electric Shavers
Women's Electric Shavers
Waterproof/Shower-friendly
Self-cleaning Systems
Built-in Trimmers
Adjustable Blade Settings
Economical (Under $50)
Mid-range ($50 - $150)
Premium (Above $150)
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
For More Information or Query, Visit @ Malaysia Electric Shaver Razor Market Research Analysis
1. Introduction of the Malaysia Electric Shaver Razor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Electric Shaver Razor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Electric Shaver Razor Market, By Type
6. Malaysia Electric Shaver Razor Market, By Application
7. Malaysia Electric Shaver Razor Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Electric Shaver Razor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/