According to a new report, published by KBV research, The Global Electric Shoe Polisher Market size is expected to reach $103.9 million by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 925.47 thousand units, experiencing a growth of 20.2% (2020-2023).
The Handheld Automatic segment is anticipating a CAGR of 5.2% during (2024 - 2031). Handheld automatic polishers can be used on various types of footwear, including leather, suede, and synthetic materials. This versatility allows users to maintain different types of shoes with a single device, making it a practical choice for households with diverse footwear needs. The handheld design allows users to reach difficult areas and specific shoe parts that might be challenging to address with larger, stationary models. This flexibility ensures a thorough and precise polishing process.
The Commercial segment is leading the Global Electric Shoe Polisher Market by Application in 2023; thereby, achieving a market value of $57.1 million by 2031. In commercial environments such as hotels, corporate offices, and retail stores, there is a high turnover of employees and guests who require their footwear to be well-maintained. Electric shoe polishers offer a quick and efficient solution for maintaining the appearance of numerous pairs of shoes, meeting the high-volume needs of these sectors. Electric shoe polishers are designed to handle multiple pairs of shoes efficiently. In commercial settings where large quantities of footwear need to be polished regularly, these devices streamline the process and reduce the time and effort required compared to manual polishing.
The Specialty Store segment is registering a CAGR of 5.8% during (2024 - 2031). Specialty stores often employ staff with in-depth knowledge about their products, including electric shoe polishers. This expertise enables them to provide detailed information, demonstrate the benefits, and offer personalized recommendations to customers, enhancing the shopping experience. Consumers seeking electric shoe polishers can benefit from the specialized advice and tailored solutions offered by specialty stores. The increased demand and higher customer satisfaction are a result of the improved ability of these stores to cater to specific needs and preferences.
Full Report: https://www.kbvresearch.com/electric-shoe-polisher-market/
The North America region dominated the Global Electric Shoe Polisher Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $42.1 million by 2031. The Europe region is experiencing a CAGR of 5.4% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 6.2% during (2024 - 2031).
By Product Type (Volume, Thousand Units, USD Million, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
By Application (Volume, Thousand Units, USD Million, 2020-2031)
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