Electric Shoe Polisher Market Projected Expansion To $98.5+ Million Market Value By 2030 With A 5.3% CAGR 2021-2030
(MENAFN- EIN Presswire)
The global electric shoe polisher market size is projected to reach $98.5 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.
By Region, North America occupied the maximum share in the electric shoe polisher market in 2020 and is expected to be the dominating segment during the electric shoe polisher market forecast period.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, September 8, 2025 /EINPresswire / -- Allied Market Research published a report, titled, "Electric Shoe Polisher Market by Product Type (Fully Automatic and Handheld Automatic), End User (Residential and Commercial), and Distribution Channel (Specialty Store, B2B, Online Store, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global electric shoe polisher industry generated $45.4 million in 2020, and is anticipated to generate $98.5 million by 2030, witnessing a CAGR of 5.3% from 2021 to 2030.
Prime determinants of growth
Surge in number of working populations, multiple advantages of electric shoe polisher, and rise in number of hotels & restaurants, schools, and other businesses drive the growth of the global electric shoe polisher market. However, low penetration in developing regions and availability of counterfeit products hinder the market growth. On the other hand, product innovation and rapid growth of online retail platforms present new opportunities in the coming years.
Request Sample Report at:
The commercial segment to maintain its leadership status throughout the forecast period
Based on end user, the commercial segment held the highest market share in 2020, accounting for nearly two-thirds of the global electric shoe polisher market, and is estimated to maintain its leadership status throughout the forecast period. This is due to rise in number of installations of automatic machines in commercial areas, such as hotels, restaurants, schools, and others, for quick shoe cleaning services. However, the residential segment is projected to manifest the highest CAGR of 5.8% from 2021 to 2030, owing to rise in number of working individuals and consumer disposable income levels.
The B2B segment to maintain its lead position during the forecast period
Based on distribution channel, the B2B segment accounted for the largest share in 2020, contributing to nearly two-fifths of the global electric shoe polisher market, and is projected to maintain its lead position during the forecast period. This is because digital marketing is an ongoing trend in B2B sales channels through which the electric shoe polisher manufacturers can directly sell their products to businesses including hotels, corporate offices, malls, schools, and other business complexes. However, the online store segment is expected to portray the largest CAGR of 7.0% from 2021 to 2030, owing to rise in popularity of e-commerce or online storesfor the purchase of electronic products, footwear, and others among the customers.
North America, to maintain its dominance by 2030
Based on region, North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global electric shoe polisher market. This is due to surge in number of commercial spaces, such as malls, offices, clubs, restaurants, and hotels, in countries including the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.1% during the forecast period, owing to rapid expansion of the hospitality sector in the region.
For Purchase Enquiry at:
Leading Market Players:-
Beck Shoe Products Co
Braukmann GmbH
Comfort House
Dolphy India Pvt. Ltd.
ESFO AB
Euronics Indistries Pvt Ltd
Expondo GmbH
HEUTE Maschinenfabrik GmbH
Orchids International, and Sunpentown Inc.
Prime determinants of growth
Surge in number of working populations, multiple advantages of electric shoe polisher, and rise in number of hotels & restaurants, schools, and other businesses drive the growth of the global electric shoe polisher market. However, low penetration in developing regions and availability of counterfeit products hinder the market growth. On the other hand, product innovation and rapid growth of online retail platforms present new opportunities in the coming years.
Request Sample Report at:
The commercial segment to maintain its leadership status throughout the forecast period
Based on end user, the commercial segment held the highest market share in 2020, accounting for nearly two-thirds of the global electric shoe polisher market, and is estimated to maintain its leadership status throughout the forecast period. This is due to rise in number of installations of automatic machines in commercial areas, such as hotels, restaurants, schools, and others, for quick shoe cleaning services. However, the residential segment is projected to manifest the highest CAGR of 5.8% from 2021 to 2030, owing to rise in number of working individuals and consumer disposable income levels.
The B2B segment to maintain its lead position during the forecast period
Based on distribution channel, the B2B segment accounted for the largest share in 2020, contributing to nearly two-fifths of the global electric shoe polisher market, and is projected to maintain its lead position during the forecast period. This is because digital marketing is an ongoing trend in B2B sales channels through which the electric shoe polisher manufacturers can directly sell their products to businesses including hotels, corporate offices, malls, schools, and other business complexes. However, the online store segment is expected to portray the largest CAGR of 7.0% from 2021 to 2030, owing to rise in popularity of e-commerce or online storesfor the purchase of electronic products, footwear, and others among the customers.
North America, to maintain its dominance by 2030
Based on region, North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global electric shoe polisher market. This is due to surge in number of commercial spaces, such as malls, offices, clubs, restaurants, and hotels, in countries including the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.1% during the forecast period, owing to rapid expansion of the hospitality sector in the region.
For Purchase Enquiry at:
Leading Market Players:-
Beck Shoe Products Co
Braukmann GmbH
Comfort House
Dolphy India Pvt. Ltd.
ESFO AB
Euronics Indistries Pvt Ltd
Expondo GmbH
HEUTE Maschinenfabrik GmbH
Orchids International, and Sunpentown Inc.
David Correa
Allied Market Research
+ + +1 800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Market Research
- Gas Engine Market Analysis: Strong Growth Projected At 3.9% CAGR Through 2033
- Daytrading Publishes New Study On The Dangers Of AI Tools Used By Traders
- Excellion Finance Launches MAX Yield: A Multi-Chain, Actively Managed Defi Strategy
- United States Lubricants Market Growth Opportunities & Share Dynamics 20252033
- ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
Comments
No comment