Electric Toothbrush market
Added: (Fri Apr 02 2021)
Pressbox (Press Release) -
Electric Toothbrush Market is valued at 2.8 billion US dollars in the year 2021, which is expected to reach a growth of 4.76 billion US dollars by the end of 2026 with a compound annual growth rate of 7.7% during the forecast period of 2021 to 2026. The electronic toothbrush market value is expected to increase more during the forecast period of 2021 to 2026.
Challenges:
One of the major restraints affecting the growth of the Electric Toothbrush market is the huge expense incurred in removing the head of the electric toothbrush.
The high cost involved in the equipment is one of the major restraints affecting the growth of the market of Electric Toothbrush.
Lack of product recognition is another major driving factor that hinders the growth of the market of electric toothbrush revenue rate.
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Electric Toothbrush Segmentation:
The Electric Toothbrush market is segmented on the basis of
Product Type
Technology
End-Use
On the basis of product type, the Electric Toothbrush market is segmented into rechargeable and battery. Among these segments, the rechargeable product segment holds the major share of the market and is expected to hold dominance during the forecast period as it had a built battery that can be inserted into a wall socket. The battery product segment is expected to increase the market value as it enables the user to do all or much of the brushing action.
On the basis of technology, the market of Electric toothbrushes is bifurcated into rotational and vibrational. Among these segments, the rotational segment holds the major share of the market attributed to the factors such as superior plaque removal and gingivitis reduction, and also, these rotating brushes are recommended for sensitive teeth
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On the basis of end-use, the market of Electric Toothbrush is bifurcated into adults and children. Among these segments, the adult segment holds the major share of the market due to the efficacy of manual toothbrushes, which are diminished by shifting of habits and untimely eating habits. The children segment is expected to increase the market value during the forecast period.
Regional Analysis:
The Electric Toothbrush market is elaborated in various regions all around the world such as
North America (US, Canada, Mexico and Rest of North America)
European region (Spain, UK, Italy, Germany, France and rest of Europe)
Asia Pacific region (China, India, Japan, Australia and rest of Asia Pacific)
Latin America
Middle east and Africa
The Europe region holds the major share of the market owing to the increasing per capita disposable income, especially in Germany propels the growth of the market of electric toothbrush revenue rate in the Europe region. The European region is expected to hold the dominance of the market during the forecast period.
North America region is expected to increase the Electric Toothbrush market owing to the rising of disposable income and increase of investments by the companies for the new technological advancements in the emerging countries like the United States, and Canada helps the growth of the market in North America region.
Asia Pacific region is expected to increase the market revenue of Electric Toothbrush owing to the new product launches by major key players in the region propels the growth of the market in the Asia Pacific region.
Key market players: -
Some of the key market players of the Electric Toothbrush market are Procter and Gamble Co; FOREO; Den-Mat Holdings, LLC; Colgate Palmolive; Koninklijke Philips N.V; SONIC Chic; Water Pik, Inc, Panasonic Corporation, Omron Corporation, Conair Corporation, Lion corporation, Wellness Oral care, and Kolibree SAS.
Covid-19 impact on the Electric Toothbrush market:
COVID 19 is a pandemic that affected the global economy in various ways. The supply chain and manufacturing units were disrupted at a higher level during the lockdown period.
The ongoing situation has become a major threat to the Electric Toothbrush market. The companies are ready to restart their manufacturing units since the lockdown has lifted in so many companies with some strict regulations by the government authorities and gave permissions to all the industries to restart their manufacturing units.
As per the analysis, the market of Electric Toothbrush is expected to increase the revenue rate in the next few months with all the industries started their manufacturing of the products, which in turn going to increase the revenue rate of the Electric Toothbrush.
The market of Electric Toothbrush is expected to increase the revenue rate owing to the Increasing awareness regarding oral hygiene among the children with the help of dental professionals as well as increasing of urbanization and lifestyle changes which leads to heavy alcohol consumption and other tobacco products. Also, increasing investments from the companies to gain profits is likely to boost up the growth rate of the market in these tough times.
As per the report, the market is expected to increase the revenue rate during the forecast period once the COVID pandemic has resolved.