Electronics market in South Korea
Market development
eCommerce revenue development in the Shavers market in South Korea
The South Korean Shavers eCommerce market is predicted to reach US$471.9 million by 2024 and accounts for 37.5% of the Personal Care Appliances eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 15.7%, resulting in a projected market volume of US$845.3 million by 2028. The Shavers eCommerce market is a sub-market of the Personal Care Appliances market. Further categories within the Personal Care Appliances market are: Electric Toothbrushes, Hair Dryers, and Other Personal Care Appliances.
eCommerce revenue development in the Shavers market in South Korea
eCommerce revenue growth in the Shavers market in South Korea
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 6.3 | 82.8 | 44.4 | 63.3 | 90.0 | 38.2 | 61.5 | 50.7 |
Market definition
Definition of the Shavers market within the Electronics market
Market definition: Electronics > Electrical Appliances > Personal Care Appliances > Shavers The category Shavers includes the online trade of electric razors (e.g. foil shavers, rotary shavers, wet and dry shavers) and trimmers. This category does not cover non-electric razors (e.g. safety razors, straight razors, disposable razors, cartridge razors, razor blades). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Electric razors (e.g. foil shavers, rotary shavers, wet and dry shavers)
- Trimmers
Out-of-scope
- Non-electric razors (e.g. safety razors, straight razors, disposable razors, cartridge razors, razor blades)
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