Explore Industry Insights in Global Shavers Market, Growth and Demand Forecast in Upcoming Years

The global shavers market is expected to increase from $19,112.9 million in 2014, and reach $29,777.2 million by 2020 at a CAGR of 7.9%. The non-electric shavers market is expected to witness fastest growth during the forecast period. Europe accounted for the largest shavers market in 2014; however, Latin America is expected to become the market leader during the forecast period.

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The information and data in the publication “Global Shavers Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the global shavers market by product.

P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed online and offline research.

The trend of body hair removal has been surging in the recent past, owing to the increasing population of metrosexual men. Waxing is one of the common methods of body hair removal; however, it is costlier as compared to shaving. Moreover, with the increase in frequency of body hair removal, the overall cost associated with the waxing service also surges for the consumer. This has led to increase in the usage of shavers for body hair removal.

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Withthe increasing urbanization, the importance of appearance has also become significant; which is consequently fueling the growth of beauty and grooming products. This includes electric and non-electric shavers as well, which are one of the most inherent grooming products in day-to-day life.

The global shavers market is consolidated in structure, with fewer companies having the hold of large portion of the market. The major companies operating in the global shavers market include Panasonic Corporation, Conair Corporation, Koninklijke Philips N.V., The Procter & Gamble Company, Edgewell Personal Care Company, Spectrum Brands Holdings Inc., Wahl Clipper Corporation, Super-Max Limited, and SOCIETE BIC SA.

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