Global Shavers Market is estimated to reach $26.7 billion by 2024; growing at a CAGR of 6.2% from 2016 to 2024. Shavers are used to remove hair from the face, hands, legs, and other parts of the body, by cutting it off close to the skin with a razor or trimmer. Nowadays, shavers have become a necessary element to be used by men or women regularly to keep their face & body attractive. Shavers market has shown a considerable growth over the past few years due to the growing need of removing hair among the male and female consumers to look and feel good. Also, among men the chastity to keep a well-groomed bearded look with the help of expensive and enhanced shavers/trimmers have supported the market to grow successfully.
Global Shavers Market
The growth of global shavers market is driven by factors such as growing consumer awareness towards personal grooming, evolution in focus of body shaving from facial hair removal among the male population, and rise in female shaving products. Additionally, increasing urbanization, and up surging disposable income have also fueled the market growth. However, weak female target audience along with high costs of electric shavers have restricted the market growth. Exposure towards ranges of shaving products by the way of advertising through print & electronic media such as television and newspapers, and adoption of greener alternatives by the recyclable razors & electric shavers is expected to open new growth opportunities for the market in the coming future.
The global shavers market is mainly classified on the basis of product type, distribution channel, end-user, and geography. The product type segment comprises electric (foil, rotary, wet/dry shavers) and non-electric (cartridge razors, safety razors, and blades & accessories). The distribution channel segment includes supermarkets and hypermarkets, online retailing, and other distribution channels. Furthermore, the end-user segment is sub-segmented into male consumers, and female consumers.
Global Shavers Market, by Product Type
Based on geography, global shavers market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Russia, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Global Shavers Market, by End-User
The prominent players operating in the global shavers market include The Procter & Gamble Company, Panasonic Corporation, Koninklijke Philips N.V., Conair Corporation, Edgewell Personal Care, Helen of Troy, Super-Max Limited, Remington Products Co. LLC, Spectrum Brands Holdings Inc., and Wahl Clipper Corporation, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Shavers Market with respect to major segments such as product type, distribution channel, end-user, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Shavers Market has been included in the report
- Profile of the key players in the Global Shavers Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Shavers Market
Product Type Segments
- Wet/Dry Shavers
- Cartridge Razors
- Safety Razors
- Blades and Accessories
Distribution Channel Segments
- Supermarkets and Hypermarkets
- Online Retailing
- Other Distribution Channels
- Male Consumers
- Female Consumers
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East
Global Shavers Market Primary Interviews, by Geography