Press release
Shavers Market to Exceed A Value of US$ 30 Bn by 2020
Focus on personal grooming is one of the key drivers for the global shavers market. Emphasis on clean-shaven look among men in urban areas is creating demand for shaving products.The global shavers market is also fuelled by the increasing trend of body hair removal among women. Shaving is an economical method of removing body hair as compared to waxing. PMR estimates this trend to fuel the shavers market during the forecast period.
Request to view table of content @ https://www.persistencemarketresearch.com/market-research/shavers-market/toc
One of the key restraints for the shavers market is the recent trend of sporting facial hair. Whether it is a moustache, stubble or full-grown beard, men are expressing themselves through their facial hair. PMR opines that this trend can adversely impact the prospects of the shavers market during the forecast period. Low adoption of shavers by women in developing countries can also pose challenges for the global shavers market.
On the basis of product type, the global shavers market is broadly segmented into electric and non-electric. Non-electric shavers account for the bulk of the demand for shavers globally. The non-electric shaver segment had a share of 73.6% in 2014, which is anticipated to increase to 79.9% by 2020.
The non-electric shaver is further sub segmented into blades & accessories, safety razors, and cartridge razors. Blades & accessories dominated the non-electric shaver segment in 2014, and it is anticipated to remain the most dominant segment through 2020 as well. PMR estimates blades and accessories sub-segment to be worth US$ 10.8 Bn by 2020.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/4922
Electric shavers accounted for a market share of 26.4% in 2014, however, due to the high cost of electric shavers, it is anticipated that this segment will lose some of its market share to non-electric segment.
On the basis of end-users, the global shavers market is broadly segmented into male and female. Shaving products are predominantly used by males, and this segment was worth US$ 16.1 Bn in 2014. PMR estimates this segment to expand at a CAGR of 7.5% through 2020 and reach a valuation of US$ 24.6 Bn. The female segment, on the other hand, is projected to expand at a CAGR of 9.8%. This is due to the growing inclination among females towards shaving various body parts, such as legs and armpits.
Latin America is anticipated to be the most lucrative region for the global shavers market in terms of compound annual growth rate. The shavers market in Latin America is anticipated to expand at a CAGR of 17% through 2020 and reach a valuation of US$ 10.8 Bn. Latin America’s market share, which was around 22% in 2014, is anticipated to increase to 36.2% by 2020. Robust demand for shaving products from Brazil is driving the shavers market in Latin America.
Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/shavers-market.asp
Europe is the most lucrative market for the global shavers market in terms of market value. The shavers market in Europe is anticipated to be worth US$ 8.1 Bn by 2020. Other key regions include North America and Asia Pacific.
On the basis of distribution channel, the shavers market is segmented into supermarkets and hypermarkets, online retail, and others (drugstores, beauty specialists, and department stores). The ‘others’ segment is the dominant distribution channel for shavers market and it accounted for 68.7% market share in 2014. Owing to the proliferation of smartphones and attractive offers, the online retail segment is anticipated to witness the fastest CAGR of 12.5%.
The key players in the global shavers market include Panasonic Corporation, Conair Corporation, Koninklijke Philips N.V., The Procter & Gamble Company, Energizer Holdings, Inc., Spectrum Brands Holdings, Inc., Wahl Clipper Corporation, Super-Max Group, and SOCIÉTÉ BIC.
Global Market Study on Shavers Market is available at $4900 @ https://www.persistencemarketresearch.com/checkout/4922
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shavers Market to Exceed A Value of US$ 30 Bn by 2020 here
News-ID: 704751 • Views: …
More Releases from Persistence Market Research Pvt.Ltd
Global Food Fiber Market is forecast to expand at a CAGR of 5.7% from 2017 to 20 …
Some of the prominent players operating in the global food fiber market are J. RETTENMAIER & SÖHNE GmbH, Co KG, Kerry Group, Grain Processing Corporation, Nexira, SunOpta, Inc., Ingredion Roquette Frères S.A., Archer-Daniels-Midland Company, Tate & Lyle plc, and Cargill, Inc., notes Persistence Market Research (PMR). Several of these players are investing on advanced fiber fortification technologies for developing innovative formulations that have a variety of functional health benefits, in…
In Vitro Protein Expression Market Accounting for US$ 250 Mn in 2025
Persistence Market Research has come up with an analytical research publication titled “In Vitro Protein Expression Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The comprehensive in vitro protein expression market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global in vitro protein expression market. These factors vary in magnitude in different regions for which a detailed analysis is covered in…
Tert-Amyl Methyl Ether Market Estimated to Experience a Hike in Growth by 2025
Introduction
Ether compounds such as MTBE, ETBE, TAEE and TAME are used in fuel especially in gasoline in order to improve the combustion properties of fuels. Among these compounds, Tert-Amyl Methyl Ether used as oxygenated additive for the gasoline. Tert-Amyl Methyl Ether, formula (CH3)3 CH2COCH3, is an organic compound, used in fuel to improve its octane number. TAME is generally produced through the catalytic reaction between methanol (MeOH) and the 2-methyl-2-butene…
Radar Simulator Market Significant Profits Estimated to be Generated by 2025
Radar simulator market is on upward scale, owing to increase in adaptation of modern technologies for the training purpose in commercial and military aircrafts & ships. Radar simulator is either software solution or combination of both software and hardware. Radar simulators emulate various radars and initiate their working to provide users with an artificial and apt environment for radar training and functional/system testing. The software solutions can be installed in…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
