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Shavers Market

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
Shavers Market to Reflect a Significant CAGR of 4.3% During 2017-2025
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.
Region – APAC the Future of the Global Shavers Market
The APAC shavers market is predicted to be worth more than US$ 12 billion by the end of
the forecast period. Within APAC, India is the country to look out for as the world’s second
largest nation has a relatively younger population when compared to China. Nonetheless,
Europe has a greater revenue share primarily because customers on this continent are
affluent and more likely to purchase electronic shavers as opposed to traditional shavers that
are preferred in emerging economies in APAC and MEA.
Product Type – High Growth Estimated in the Electric Shavers Market
The electric shavers market is anticipated to witness a higher CAGR of 4.5% over the eightyear 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
End User – Men Largest Consumers of Shavers in the Shavers Market
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.
Sales Channel – Other Channels Critical 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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Competition Dashboard in the Global Shavers Market
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, SuperMax Limited, Andis Company, Ningbo Kaili Holding Group Co., Kai Corporation, Parker
Safety Razor, Dorco USA, Mers Solutions Ltd., and Havells India Limited.
Key Market Insights
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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