Shavers Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033

"The new report published by The Business Research Company, titled ""Shavers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the shavers market size has grown strongly in recent years. It will grow from $26.83 billion in 2023 to $28.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The shavers market size is expected to see strong growth in the next few years. It will grow to $37.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.

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Growing Demand For Grooming Products Drives Shaver's Market Expansion
The increasing preference for grooming products significantly contributed to the growth of the shaver's market. Grooming products refer to the products such as hair styling, beard grooming, and related shaving products. People are investing in grooming products to improve physical appearance, gain confidence, and have a competitive edge in terms of both career and personal growth. For instance, in November 2022, Gillette, a US-based brand which manufactures shaving systems and cartridges as well as Oral B toothbrushes, reported an 8.2% increase in quarterly income from operations to 6.2 billion rupees. Therefore, increasing preference for grooming products is expected to contribute to the growth of the shavers market.

Advancements In Shaver Technology
Product innovations are a key trend gaining popularity in the shavers market. Key players operating in the shaving market are focusing on developing new products to strengthen their position in the market. For instance, in January 2021 Xiaomi Youpin, a manufacturer launched a new MIJIA product first shaver to use a high-end direct-drive brushless motor. It is the new MIJIA Electric Shaver S700, which features ceramic blades and has a high-end direct-drive brushless motor that helps in increasing the service life of the product and is also highly resistant to corrosion, and is skin-friendly and provides a more efficient shaving experience to the user.

The shavers market covered in this report is segmented -

1) By Product: Electric Shavers, Non-electric Shavers
2) By Demographics: Men, Women
3) By Sales Channel: Hypermarkets or Supermarkets, Specialty Stores, Multi-brand Stores, Online Retailers, Other Sales Channels

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Major companies operating in the shavers market include Koninklijke Philips N.V., The Procter & Gamble Company, Panasonic Corporation, Wahl Clipper Corporation, Conair Corporation, Super-Max Limited, Société Bic S.A., Havells India Limited, Spectrum Brands Holdings Inc., Edgewell Personal Care LLC, Remington Products Company L.P., Helen of Troy Limited, Harry's Inc., The Eltron Corporation, Ningbo Kaili Electrical Appliance Co. Ltd., Philips Norelco, Braun GmbH, MANGROOMER, Andis Company, Maxam Company, Vivitar Corporation, Optimus Corporation, Emjoi Corporation, Epilady Inc., Eternal Products, GEORGE CHARALAMBIDIS LYMBERPA S.A., Ladygroomer, Perfect Life Ideas, PriTech International Inc.

Contents of the report:
1. Executive Summary
2. Shavers Market Report Structure
3. Shavers Market Trends And Strategies
4. Shavers Market - Macro Economic Scenario
5. Shavers Market Size And Growth
…..
27. Shavers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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