Resource KT
Related Articles
DUBLIN, March 9, 2022 /PRNewswire/ — The “Global Shaver Market – Forecast from 2021 to 2026” report has been added to from ResearchAndMarkets.com offer.
The global shaver market is estimated at US$11.468 billion in 2019 and is expected to reach US$14.336 billion in 2026 at a CAGR of 3.24% over the forecast period.
A razor belongs to a category of private grooming appliance which is primarily a bladed tool primarily used for hair removal through shaving. Forms of razors include straight razors, safety razors, disposable razors, and electric razors.
The razor blade can be a thin, pointed piece of metal (carbon steel/stainless steel) that is placed on a razor and used to shave or remove hair from the face and other body parts. Historically, razor blades were used alongside a safety razor by men around the world to get rid of facial hair. It has acquired a great quality because it allows an easy and close shave with marginal irritation. Today, the female population uses safety razors and razor blades to get rid of leg, arm and armpit hair.
Due to the increase in population, the fastest growth in the use of razors has been observed in the immediate future. this can be mainly attributed to the most densely populated region in the world and many countries in the region which perceive rapid urbanization. Moreover, at present, spending on skincare products is increasing side by side in this region, which follow one another, boosting the sales of razors in the region.
One of the biggest factors fueling the rise in demand for razors is the growing attention to personal care across the planet. Women measure an extra square when it comes to their appearance and body odor. This prompts them to make razors and razor blades to get rid of unwanted hair. This can be a key factor in expanding the female phase in the razor blades market. Sometimes, due to medical or genetic related reasons, girls could have dark hair on their face. This makes them take the razor blades. Therefore, the female phase is expected to be the fastest growing phase in the coming years.
By type, cartridge, disposable, and electric razors are estimated to hold a major market share. Electric razors, save valuable time, protect sensitive skin and keep sensitive areas from stubble, disposable razors are tons safer than electric or straight razors, and they don’t need to be broken. Cartridge razors were opted for because one of the reasons they are quick shaves is that they don’t offer as close a shave – so there’s less risk of a cut or nick. By the end user, men and women, use razors as it is an important aspect of grooming for both to remove unwanted hair from the desired area. Geographically, the North American region is estimated to hold the largest share of the razor market. The factor contributing to the growth of the market in the Asia Pacific The region is the highest adoption rate of the shaver market demand, driving the growth of the global shaver market.
Increase in demand for disposable razors
Disposable razors offer many benefits to customers, such as infection interference from the application of used blades, sterilization, and enhancement. A growing number of travelers across the planet are adding to the growing demand for use and disposable razors that offer economical and convenient alternatives for men’s grooming.
The authoritative ordinance for disposable razors is expected to experience a decline in adoption levels amid rising customer inclination for electric shavers. As customers jump to realize this, they are turning to the newest innovation in their purchases. As electric shavers provide more convenient shaving results, their surging adoption will hamper the expansion of razor usage and sales throughout the expected amount.
Increased focus on male grooming
Spas and salons catering to men have quickly become all the rage, with an inordinate array of men seeking shaving and haircut recommendations from the professionals used in these places. The increase in paying customers for attention and the growing importance of male grooming in many industries like fashion, aviation and corporate has redefined the business of public convenience grooming and thus created immense opportunities for many companies dealing with such goods.
Personal grooming is completed to ensure general hygiene and proper body cleanliness. With the growing influence of culture, men have become conscious about their looks, with a targeted hairstyle and beard. Thus, men, especially within the relatively lower age groups, are leading the demand, specializing mightily in improving their physical appearance.
Impact of COVID-19 on the Global Shavers Market
COVID-19 has had a negative impact on the global razor market. Razor blade production activities have been hampered due to the closure of factories due to the confinement measures applied throughout the COVID-19 pandemic. Additionally, material shortages occurred and the supply chain was not continuous. However, production activities resumed and the supply chain was rebuilt throughout the post-lockdown as restrictions were lifted. As hair salons, spas and retailers were closed due to government restrictions aimed at curbing the spread of COVID-19, demand for household razor blades increased. Customer’s most popular online channels for ordering and sourcing blades.
Competitive Perspectives
Market leaders in the global razor market are The Procter & Gamble Company, Koninklijke Philips NV, Syska, The Edgewell Personal Care Company, Harry’s, Inc., Nova Electric, American Cutting Edge, Inc., Kai Corporation, Bombay Shaving Company and Ningbo Kaili Holding Group Co. Ltd. Major players in the market are implementing growth strategies such as product launches, mergers and acquisitions, to gain a competitive advantage over their competitors. For example, P&G launched its on-demand hosting in 2017, through which users receive blades delivered to their doorstep simply by texting “BLADES” to the given number.
Main topics covered:
1. Introduction
1.1. Market overview
1.2. COVID-19 scenario
1.3. Market definition
1.4. Market segmentation
2. Research methodology
2.1. Research data
2.2. Hypotheses
3. Executive Summary
3.1. Research Highlights
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Market opportunities
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining power of suppliers
4.4.2. The bargaining power of buyers
4.4.3. The threat of new entrants
4.4.4. The threat of substitutes
4.4.5. Competitive rivalry in the industry
4.5. Industry Value Chain Analysis
5. Global Shavers Market Analysis, By Product Type
5.1. introduction
5.2. Cartridge
5.3. Disposable
5.4. Electric
6. Global Shavers Market Analysis, By Blade Type
6.1. introduction
6.2. Stainless steel
6.3. Carbon steel
7. Global Shavers Market Analysis, By Consumer
7.1. introduction
7.2. Men
7.3. Women
8. Global Shavers Market Analysis, By Geography
8.1. introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Others
8.5. Middle East and Africa
8.5.1. Israel
8.5.2. Saudi Arabia
8.5.3. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Indonesia
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Others
9. Competitive environment and analysis
9.1. Key Players and Strategic Analysis
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier Competitiveness Matrix
10. Company Profiles
10.1. The Procter & Gamble Company
10.2. Koninklijke Philips NV
10.3. Syska
10.4. The Edgewell Personal Care Company
10.5. Harry’s, Inc.
10.6. Nova Electric
10.7. American Cutting Edge, Inc.
10.8. Kai Corporation
10.9. Bombay Shaving Society
10.10. Ningbo Kaili Holding Group Co.Ltd.
For more information on this report, visit https://www.researchandmarkets.com/r/adkt0
Media Contact:
Research and Markets
Laura Woodsenior
[email protected]
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1904
Fax (outside the US): +353-1-481-1716
Show original content:https://www.prnewswire.com/news-releases/outlook-on-the-razor-global-market-to-2026—increasing-demand-for-disposable-razors-is-driving-growth-301499167. html
SOURCE Research and Markets
