Press release
Global Shavers Market to Reflect a Significant CAGR of 7.9% During 2015-2020
The global shavers market is anticipated to expand at a CAGR of 7.9% during the period 2015-2020 and reach a valuation of US$ 30 Bn by 2020, according to a new research titled, “Global Market Study on Shavers: Latin America to Witness Highest Growth by 2020” by Persistence Market Research (PMR).
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.
View and Download TOC of Shavers Market Research Report @ www.persistencemarketresearch.com/market-research/shavers...
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.
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.
Request and Download Sample Report @ www.persistencemarketresearch.com/samples/4922
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.
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.
Buy Full Shavers Market Report @ www.persistencemarketresearch.com/checkout/4922
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://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 Global Shavers Market to Reflect a Significant CAGR of 7.9% During 2015-2020 here
News-ID: 742695 • Views: …
More Releases from Persistence Market Research
Seasonings and Spices Market Valued at US$ 23.4 Bn in 2025 Driven by Rising Culi …
The global seasonings and spices market is on a robust growth trajectory, reflecting a steady rise in consumer demand for natural, flavorful, and health-oriented food products. As per industry estimates, the market is likely to be valued at US$ 23.4 billion in 2025 and is projected to reach US$ 35.7 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2025 to…
Antibiotic-Free Meat Market to Reach $445.2 Bn by 2032 Driven by Rising Health A …
The global antibiotic-free meat market is witnessing a remarkable upsurge, reflecting the shifting consumer preference toward healthier and more sustainable protein sources. According to industry estimates, the market size is likely to grow from US$206.5 billion in 2025 to US$445.2 billion by 2032, registering a strong compound annual growth rate (CAGR) of 11.6% over the forecast period. This significant growth trajectory is fueled by increasing consumer awareness about the adverse…
Sugar Alcohol Market to Reach US$ 5,291.6 Million by 2032 Driven by Rising Deman …
The global sugar alcohol market is poised for steady growth, with an estimated valuation of US$ 3,405.2 million in 2025, projected to reach US$ 5,291.6 million by 2032, expanding at a CAGR of 6.5% during the forecast period from 2025 to 2032. The rising consumer demand for low-calorie sweeteners, increasing prevalence of diabetes and obesity, and the growing awareness of health and wellness are among the key factors driving market…
Spearmint Oil Market to Reach US$ 664.8 Mn by 2032 Driven by Rising Demand in Fo …
The global spearmint oil market is projected to experience substantial growth in the coming years, driven by increasing consumer preference for natural and plant-based ingredients across food, pharmaceutical, and personal care industries. According to market estimates, the global spearmint oil market size is likely to value at US$ 482.0 million in 2025 and is expected to reach US$ 664.8 million by 2032, expanding at a compound annual growth rate (CAGR)…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
