The global electric shoe polisher market size was valued at $45.4 Million in 2020, and is projected to reach $98.5 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.
An electric shoe polisher is a machine used to clean shoes along with the shoe sole and to polish shoes. The machine gives clean and shiny look to shoe by restoring its shine for a longer duration of time. There are two types of electric shoe polishers available in the market, namely, fully automatic and handheld electric shoe polisher. In addition, these electric shoe polishers are easily available through various sales channels including online stores, supermarkets, hypermarkets, and specialty stores.
Moreover, the electric shoe polisher industry is focused on electric shoe polishers embedded with automated technology. Thus, electric shoe polisher manufacturers are launching IoT (Internet of Things) infused with new innovative electric shoe polishers and are incorporating new features to remain competitive in the market. Thus, such factors contribute toward growth of the electric shoe polisher market, in terms of value sales.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has shown a negative impact on the market.
Declaration during the COVID-19 outbreak regarding the shutdown of notable proportion of the hospitality industry, schools, and corporate offices has dramatically hampered the electric shoe polishers market demand across the world.
The global electric shoe polisher equipment market segments are categorized into product type, end user, distribution channel, and region. By product type, it is classified into fully automatic and handheld automatic. By end user, it is divided into residential and commercial. On the basis of distribution channel, it is segregated into specialty store, B2B, online store, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and Rest of LAMEA).
By product type, the fully automated segment accounted for the highest electric shoe polisher market share in 2020 and is expected to remain its dominance during the forecast period. This is attributable to advance features such as hand free operation, touchless experience and other benefits offered by electronic electric shoe polisher to the end users.
By Product Type
The Fully Automatic segment dominates the global electronic shoe polisher market and is expected to retain its dominance throughout the forecast period.
By end user, the market is divided into residential and commercial. In 2020, the commercial segment accounted for the highest market share in the global electric shoe polisher market. This is attributable to rise in adoption of electric shoe polishers in hospitals, hotels, schools, and corporate offices.
By End User
The Commercial segment dominates the global electronic shoe polisher market and is expected to retain its dominance throughout the forecast period.
By distribution channel, the market is divided into specialty store, B2B (business to business) online store, and others. In 2020, the B2B segment accounted for the highest market share in the global electric shoe polisher market. This is attributable to heavy discounts offered by B2B sales channels to commercial users on their bulk purchase that boosts sales of electric shoe polisher through B2B sales channels across the globe, which notably contributes toward growth of the overall market. However, the online store segment is expected to be the fastest growing segment during the electric shoe polisher market forecast period, in terms of value sales.
By Distribution Channel
The B2B segment dominates the global electronic shoe polisher market and is expected to retain its dominance throughout the forecast period.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2020. The North America electric shoe polisher market dominated the use of electric shoe polisher, owing to rise in number of commercial spaces, such as offices, malls, restaurants, clubs, and hotels in countries such as the U.S. and Canada, which, in turn, drives demand for electric shoe polishers in this region.
The North America segment dominates the global electronic shoe polisher market and is expected to retain its dominance throughout the forecast period.
Key players operating in the global electric shoe polisher market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global industry analyzed in this report include Beck Shoe Products Co., Braukmann GmbH, Comfort House, Dolphy India Pvt. Ltd., ESFO AB, Euronics Indistries Pvt Ltd, Expondo GmbH, HEUTE Maschinenfabrik GmbH & Co. KG, Orchids International, and Sunpentown Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current electric shoe polisher market trends, estimations, and dynamics of the market for the period of 2020–2030 to identify prevailing market opportunities.
- The key countries in four major regions have been mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine prevailing electric shoe polisher market opportunities.
- Major countries in each region have been mapped according to their revenue contribution to the global industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes both regional as well as global the electric shoe polisher market analysis, key players, market segments, application areas, and electric shoe polisher market growth strategies.
Key Market Segments
By Product type
- Fully Automatic
- Handheld Automatic
By End Use
By Distribution Channel
- Specialty Store
- Online store
- North America
- Rest of Europe
- Australia and New Zealand
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Electric Shoe Polisher Market Report Highlights
By PRODUCT TYPE
By END USER
By DISTRIBUTION CHANNEL
Key Market Players
DOLPHY INDIA PVT. LTD., HEUTE MASCHINENFABRIK GMBH & CO. KG, ORCHIDS INTERNATIONAL, BRAUKMANN GMBH, SUNPENTOWN INC., EURONICS INDUSTRIES PVT LTD, COMFORT HOUSE, ESFO AB, EXPONDO GMBH, BECK SHOE PRODUCTS CO.
Key market players operating in the electric shoe polisher market have adopted key developmental strategies such as product launch to fuel demand for electric shoe polishers in the market, in terms of value sales. In addition, they have also emphasized on continuous innovations in their products to maintain a strong foothold in the market and to boost electric shoe polisher demand globally. In addition, to cater to the rising needs of the hospitality industry, airports, and hotels, manufacturers are continuously developing innovative electric shoe polishers for both home use and commercial environments.
According to the key market players, adoption of IoT and advanced technologies in electric shoe polisher enables to offer advance functions such as hands-free operations, offering touchless experience to users. All these benefits offered by electric shoe polishers promote their use among consumers. Moreover, rise in adoption of handheld automatic electric shoe polishers in the household sector across the globe is expected to offer immense opportunity for growth of the overall market, in terms of value sales.
However, low adoption of electric shoe polishers in developing regions is projected to hamper growth of the electric shoe polisher market during the forecast period.