Press release
Global Shavers Market – Set to Garner US$ 32 billion by 2025
The global shavers market is projected to grow at a significant rate as an increasing number of men and women seek out shaving products to maintain their routine hygiene or to attract eyeballs. The global shavers market can be segmented into electric and traditional shavers and are sold in supermarkets, ecommerce portals or through other distribution channels. Persistence Market Research has taken an in-depth look at the global shavers market in its upcoming report titled ‘Shavers Market: Global Industry Analysis 2012–2016 & Forecast 2017–2025’. The global shavers market is expected to grow to a value of approx. US$ 32 billion and record a modest CAGR of 4.3% for the period 2017-2025.
The companies profiled in the global shavers market report are Panasonic Corporation, Société BIC SA, The Procter & Gamble Company, Koninklijke Philips N.V., Edgewell Personal Care, Conair Corporation, Remington Products Co. LLC, Helen of Troy Limited, Harry’s Inc., Dollar Shave Club, The Eltron Company, Wahl Clipper Corporation, Super-Max Limited, Andis Company, Ningbo Kaili Holding Group Co., Kai Corporation, Parker Safety Razor, Dorco USA, Mers Solutions Ltd., and Havells India Limited.
Shaver manufacturers are entering into agreements with online retailers to expand their customer base by delivering premium shavers at a reasonable price by eliminating the middlemen. This strategy is supported by aggressive global expansion by opening physical stores and ecommerce websites dedicated to emerging economies. Companies are also trying to cater to female customers by launching dedicated female shavers to meet the need of all-purpose shavers, mainly due to the desire for bikini grooming and female face shaving observed worldwide. In addition, the greater acceptance of premium priced shavers is driving consumers towards new and innovative shavers available in the global shavers market, maximizing revenue potential.
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Further key findings from the study suggest:
The electric shavers market is anticipated to witness a higher CAGR of 4.5% over the eight-year forecast period in comparison to non-electric shavers. Electric trimmers and clippers are particularly popular amongst both men and women and had a revenue share of 44% in 2016.
It is not an even split between men and women in the global shavers market as the former have a market value share of over 3/5th to the latters’ 2/5th. Beards are back in vogue now and have replaced the clean-shaven look as the ‘fashion trend’ to follow. This should fuel the demand for both electric and non-electric shavers in the global shavers market.
The other channels segment has a market share of more than 50% and is unlikely to ceded this position anytime soon in the global shavers market. This can be primarily attributed to the booming demand for shavers in emerging economies. The online segment is estimated to have the minimal growth rate during this period.
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Key Topics Covered:
1. Executive Summary
2. Market Introduction
3. Market Dynamics
4. Global Shavers Market Analysis Scenario
5. Global Shavers Market Analysis and Forecast, By Region
6. Global Shavers Market Analysis and Forecast, By Product Type
7. Global Shavers Market Analysis and Forecast, By End User
8. Global Shavers Market Analysis and Forecast, By Sales Channel
14. Competition Landscape
Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
14.3.1. Panasonic Corporation
14.3.2. Société BIC SA
14.3.3. The Procter & Gamble Company
14.3.4. Koninklijke Philips N.V.
14.3.5. Edgewell Personal Care
14.3.6. Conair Corporation
14.3.7. Remington Products Co. LLC (Spectrum Brands Holdings, Inc.)
14.3.8. Helen of Troy Limited
14.3.9. Harry’s Inc.
14.3.10. Dollar Shave Club
14.3.11. The Eltron Company
14.3.12. Wahl Clipper Corporation
14.3.13. Super-Max Limited
14.3.14. Andis Company, Inc.
14.3.15. Ningbo Kaili Holding Group Co., Ltd.
14.3.16. Kai Corporation
14.3.17. Parker Safety Razor
14.3.18. Dorco USA
14.3.19. Mers Solutions Ltd.
14.3.20. Havells India Limited
For more information about this report visit @ https://www.persistencemarketresearch.com/market-research/shavers-market.asp
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.
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