Press release
Global Shavers Market: Rising Demand, Key Players, and Forecast for 2024-2029
Shavers Market
The global shavers market is projected to notice a significant growth from $28.35 billion in 2024 to $39.28 billion in 2029. Growth factors such as advances in grooming and personal hygiene products, sustainable and eco-friendly materials, and inclusion of ai-powered smart shavers are predicted to drive this market.
What Is The Projected Market Size Of The Global Shavers Market And Its Growth Rate?
• The global shavers market was valued at $28.35 billion in 2024.
• It is anticipated to increase to $30.23 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%.
• The market growth can be attributed to factors such as growth in men's grooming products, razor blade and electric shaver demand, fashion and grooming trends.
• A strong growth to $39.28 billion is expected by 2029 at a CAGR of 6.8% due to the influence of sustainable and eco-friendly shaver materials, women's grooming trends, ai-powered smart shavers, and global expansion of grooming products.
What Is Driving The Growth In The Shavers Market?
The increase in demand for grooming products is predominantly driving the growth in the shavers market. Grooming products, including hair styling items, beard grooming products, and related shaving products, have seen a rise in consumer investments to improve physical appearance, increase self-confidence and gain a competitive edge for both personal and professional growth. For instance, Gillette reported a remarkable 8.2% increase in quarterly income from its operations in November 2022. Such factors are expected to propagate the growth in the shavers market.
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Who Are the Key Players Driving Shavers Market Growth?
• 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.
• Remington Products Company L.P.
• Helen of Troy Limited
What Are The Key Trends In The Shavers Market?
Key trends significantly influencing the market growth include:
• Ai-powered skin analysis for shaver settings
• Shaver subscription and delivery services
• 3D-printed and recyclable shaver materials
• Shavers with UV sterilization and disinfection
• Waterproof and shower-safe shavers
• Sustainable packaging and refilling options
What Are The Segments Of The Global Shavers Market?
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
Which Region Leads The Shavers Market?
Asia-Pacific was the largest region in the shavers market in 2024. This dominance is projected to continue in the future, with other regions such as Western Europe, Eastern Europe, North America, South America, Middle East and Africa also contributing significantly to the global shavers market.
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What Is Covered In The Shavers Market Global Market Report?
- Market Size Analysis: Analyze the Shavers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Shavers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Shavers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Shavers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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