In 2020, the global electric shoe polisher market value was more than $34.5 million. The electric shoe polisher market is forecast to grow at a compound annual growth rate (CAGR) of more than 4.9% during the forecast period from 2021-2027.
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Shoe polish, either through wax or cream, is a chemical product used for shining and polishing leather shoes. It extends their lifespan as well as improving their appearance. In addition to giving leather shoes a shiny and waxy appearance, shoe polish provides them with weather protection and keeps them from becoming hard.
An electric shoe polisher cleans and polishes shoes and the sole of the shoe. This machine boasts the shine of the shoe for lengthy periods of time, giving the shoe a cleaner and more shiny appearance.
Currently, there are two types of electric shoe polishers available on the market:
In addition, these electric shoe polishers are available through many retailers, such as online stores, supermarkets, and hypermarkets.
Factors Affecting the Growth of Global Electric Shoe Polisher Market
Electric shoe polishers have now become embedded with automated technology, thus driving the sector’s growth.
Manufacturers of electric shoe polishers are launching Internet of Things-enabled models with new features of electric shoe polishers to keep up with the competition. Due to these factors, the electric shoe polisher market’s value sales will increase.
The electric shoe polisher market is experiencing rapid growth due to an increasing workforce and the hospitality sector.
In the household sector, devices that enable hands-free operation will likely have a tremendous impact on the futures electric shoe polisher market.
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Covid-19 Effect on the Global Electric Shoe Polisher Market
A negative impact has been shown on the market by the outbreak of the Covid-19 pandemic.
Several countries, including the United States, have adopted lockdowns, which caused a large portion of the hospitality industry, schools, and corporate offices to close. It has slowed the demand for electric shoe polishers right across the globe.
Electric shoe polishers are gradually returning to their normal stage since there is an ever-increasing demand, mainly from the hospitality sector.
Regional Analysis of the Global Electric Shoe Polisher Market
North America was the leading market for electric shoe polishers due to the increasing number of commercial spaces, such as offices, malls, restaurants, clubs, and hotels, which, in turn, drives the demand for electric shoe polishers in the region.
Key Players in the Global Electric Shoe Polisher Market
Several leading prominent competitors in the global electric shoe polisher market include:
HEUTE Maschinenfabrik GmbH & Co. KG
Recent Development in the Global Electric Shoe Polisher Market
In 2021, European electronics pioneer Euronics has released a range of new product options to transform the world into a safer and more secure zone. Some of the new products announced are the Sensor Trash Bin, High-Speed Long-Distance Thermometer, and Automatic Concealed Cistern.
Segmentation Analysis of the Global Electric Shoe Polisher Market
The global electric shoe polisher market segmentation is consists of Distribution Channel, Product Type, End-User, and Region.
Segmentation based on Distribution Channel
Segmentation based on Product Type
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Middle East & Africa (MEA)
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