| Product Code: ETC4718229 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a strong influx of electric shavers import shipments, primarily from neighboring countries like Lithuania and Estonia, as well as Hungary, Spain, and Germany. Despite a slight decrease in growth rate from 2023 to 2024, the industry maintained a high concentration level, indicating a competitive market environment. With a notable Compound Annual Growth Rate (CAGR) of 7.01% from 2020 to 2024, the electric shavers market in Latvia shows promising resilience and potential for further development in the coming years.

The Electric shavers market in Latvia is projected to grow at a stable growth rate of 3.22% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Electric shavers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric shavers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric shavers Market - Industry Life Cycle |
3.4 Latvia Electric shavers Market - Porter's Five Forces |
3.5 Latvia Electric shavers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Electric shavers Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.7 Latvia Electric shavers Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Latvia Electric shavers Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Electric shavers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing focus on personal grooming and appearance among consumers in Latvia |
4.2.2 Increasing disposable income leading to higher spending on grooming products |
4.2.3 Technological advancements in electric shavers leading to improved performance and convenience |
4.3 Market Restraints |
4.3.1 High initial cost of electric shavers compared to traditional shaving methods |
4.3.2 Lack of awareness and education about the benefits of using electric shavers |
4.3.3 Competition from other grooming products such as manual razors and grooming services |
5 Latvia Electric shavers Market Trends |
6 Latvia Electric shavers Market Segmentations |
6.1 Latvia Electric shavers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric shavers Market Revenues & Volume, By Oil Shaver, 2021-2031F |
6.1.3 Latvia Electric shavers Market Revenues & Volume, By Wet/Dry Shaver, 2021-2031F |
6.1.4 Latvia Electric shavers Market Revenues & Volume, By Clippers, 2021-2031F |
6.1.5 Latvia Electric shavers Market Revenues & Volume, By A Rotary Shaver, 2021-2031F |
6.1.6 Latvia Electric shavers Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Latvia Electric shavers Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric shavers Market Revenues & Volume, By Male, 2021-2031F |
6.2.3 Latvia Electric shavers Market Revenues & Volume, By Female, 2021-2031F |
6.3 Latvia Electric shavers Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electric shavers Market Revenues & Volume, By Health & Beauty Stores, 2021-2031F |
6.3.3 Latvia Electric shavers Market Revenues & Volume, By General Merchandising/Mass Stores, 2021-2031F |
6.3.4 Latvia Electric shavers Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.3.5 Latvia Electric shavers Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Electric shavers Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Electric shavers Market Revenues & Volume, By Rechargeable Shaver, 2021-2031F |
6.4.3 Latvia Electric shavers Market Revenues & Volume, By Battery Type Shaver, 2021-2031F |
7 Latvia Electric shavers Market Import-Export Trade Statistics |
7.1 Latvia Electric shavers Market Export to Major Countries |
7.2 Latvia Electric shavers Market Imports from Major Countries |
8 Latvia Electric shavers Market Key Performance Indicators |
8.1 Average time spent on grooming per capita in Latvia |
8.2 Percentage of households with disposable income above a certain threshold |
8.3 Number of new technological innovations introduced in the electric shavers market in Latvia |
8.4 Consumer satisfaction and feedback on electric shavers in Latvia |
8.5 Percentage of men using electric shavers in Latvia |
9 Latvia Electric shavers Market - Opportunity Assessment |
9.1 Latvia Electric shavers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Electric shavers Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.3 Latvia Electric shavers Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Latvia Electric shavers Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Electric shavers Market - Competitive Landscape |
10.1 Latvia Electric shavers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric shavers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |