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From 2023 to 2030, the worldwide shaving market is projected to increase from its 2022 valuation of $4.10 billion at a CAGR (compound annual growth rate) of 4.3%. The rapidly developing beauty industry is the primary force behind market growth. The sector is expanding as a result of increased demand for razors and blades. Because of its increasing prominence in today's fashions, personal care products have quickly become one of the cosmetics industry's fastest-growing subsectors. Increases in corporate culture participation and emphasis on personal appearance are driving expansion in the global market. As a result, rising consumer spending on cosmetics and hygiene supplies should propel the market forward.
The rapidly expanding market for cosmetics is the primary factor pushing the industry forward. The increasing demand for razors and blades has also contributed to the company's growth. Personal care products are one of the fastest-growing sub-sectors of the cosmetics business because of their increasing relevance to the fashion industry. The global industry is expanding as more and more people value company culture and personal appearance. As a result, increasing consumer spending on such items is anticipated to drive the industry forward.
Higher incomes and better living conditions are said to be driving the expansion. Because of the COVID-19 pandemic, fewer shaving products were produced. The industry as a whole will be impacted. Due to the global closure, all stores, both online and offline, were forced to close. Because of these restrictions, international sales of shaving products were negatively impacted. As a result of the epidemic, the demand for shaving supplies is likely to skyrocket over the world.
The internal study predicts that by 2022, the US$166 billion men's personal care market would be worth. Recently, males have shown an increased interest in caring for their physical appearance. They go out of their way to do things like buying merchandise bearing the cause's logo. Even when it comes to beard care, they are particular about the form and other aspects that must be attended to. As a result, men everywhere are looking for ways to improve their facial hair. Shavers and other beard grooming products have seen increased popularity as a result of the growing preoccupation with facial beauty, particularly in Europe and North America. As a result, the market for personal care items, such as razors, has been boosted by an increase in beauty-conscious male consumers.
Beards, on the other hand, have been all the rage for a while now, and lots of guys are growing facial hair of all kinds. The number of males sporting facial hair seems to be on the rise recently. Young males are increasingly sporting beards. The trend toward beard growth has a chilling effect on the shaver industry. The bulk of today's consumers, from college students to working adults, are adopting the beard style. The market's growth in the years ahead may be hampered by a shift in consumer preferences.
The introduction of technological innovations like electric shavers is anticipated to drive market expansion throughout the forecast period. In September of this year (2019), for instance, a line of co-branded Manchester United and Remington goods will be introduced. Products in this limited edition line include the iconic Manchester United crest and team colors. Electric hair care tools like clippers, dryers, and styles are also included. Manufacturers of electric and manual shavers have increasingly turned to celebrity endorsements to boost sales of their products in the digital and print media. Film stars and professional athletes in particular have been actively involved in promoting different razor brands, helping to raise awareness and boost sales. As a result, it is anticipated that rising levels of celebrity endorsement will hasten market expansion.
Women in emerging markets like Asia, Africa, and Latin America are less likely to use electric shavers than their Western counterparts because they place less value on appearance maintenance. The majority of Japanese women (56.2%) do not wax or shave between the ages of 20 and 69, as determined by a survey conducted by Coherent Market Insights. This is predicted to slow the expansion of the market. The irritation caused by electric shavers is especially bad for lint and can even cause razor bumps and acne. It is anticipated that this will slow the spread of electric shavers. Additionally, care must be used when handling them. Over the forecast period, all of these variables are expected to restrain the expansion of the global market for shavers.
Report Coverage
Global Shaving research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shaving report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shaving competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shaving market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shaving market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shaving market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WAHL CLIPPER CORPORATION, CONAIR CORPORATION, ZHEJIANG RUNWE ELECTRIC APPLIANCE CO., LTD., THE PROCTER & GAMBLE COMPANY, KONINKLIJKE PHILIPS N.V., SHENZHEN SWEETLF TECHNOLOGY CO., LTD., HAVELLS INDIA LIMITED, PANASONIC CORPORATION, SPECTRUM BRANDS HOLDINGS, INC., XIAOMI CORP-W, Unilever, Edgewell Personal Care, Gillette (P&G), BIC Group, Beiersdorf AG, Harry's Inc., Energizer Holdings, Dorco Co. Ltd., Super-Max Group, Feather Safety Razor Co. Ltd., Société BIC SA, Cornerstone Brands Inc., Derby Razor Blades, American Safety Razor, S. C. Johnson & Son Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shaving market based on the below-mentioned segments:
Global Shaving Market, By Type
Foil
Rotary
Global Shaving market, By NATURE
Corded
Cordless
Global Shaving Market, By SALES CHANNEL
Offline channels
Online channels
Global Shaving market, Regional Analysis
The rapidly expanding market for cosmetics is the primary factor pushing the industry forward. The increasing demand for razors and blades has also contributed to the company's growth. Personal care products are one of the fastest-growing sub-sectors of the cosmetics business because of their increasing relevance to the fashion industry. The global industry is expanding as more and more people value company culture and personal appearance. As a result, increasing consumer spending on such items is anticipated to drive the industry forward.
Higher incomes and better living conditions are said to be driving the expansion. Because of the COVID-19 pandemic, fewer shaving products were produced. The industry as a whole will be impacted. Due to the global closure, all stores, both online and offline, were forced to close. Because of these restrictions, international sales of shaving products were negatively impacted. As a result of the epidemic, the demand for shaving supplies is likely to skyrocket over the world.
The internal study predicts that by 2022, the US$166 billion men's personal care market would be worth. Recently, males have shown an increased interest in caring for their physical appearance. They go out of their way to do things like buying merchandise bearing the cause's logo. Even when it comes to beard care, they are particular about the form and other aspects that must be attended to. As a result, men everywhere are looking for ways to improve their facial hair. Shavers and other beard grooming products have seen increased popularity as a result of the growing preoccupation with facial beauty, particularly in Europe and North America. As a result, the market for personal care items, such as razors, has been boosted by an increase in beauty-conscious male consumers.
Beards, on the other hand, have been all the rage for a while now, and lots of guys are growing facial hair of all kinds. The number of males sporting facial hair seems to be on the rise recently. Young males are increasingly sporting beards. The trend toward beard growth has a chilling effect on the shaver industry. The bulk of today's consumers, from college students to working adults, are adopting the beard style. The market's growth in the years ahead may be hampered by a shift in consumer preferences.
The introduction of technological innovations like electric shavers is anticipated to drive market expansion throughout the forecast period. In September of this year (2019), for instance, a line of co-branded Manchester United and Remington goods will be introduced. Products in this limited edition line include the iconic Manchester United crest and team colors. Electric hair care tools like clippers, dryers, and styles are also included. Manufacturers of electric and manual shavers have increasingly turned to celebrity endorsements to boost sales of their products in the digital and print media. Film stars and professional athletes in particular have been actively involved in promoting different razor brands, helping to raise awareness and boost sales. As a result, it is anticipated that rising levels of celebrity endorsement will hasten market expansion.
Women in emerging markets like Asia, Africa, and Latin America are less likely to use electric shavers than their Western counterparts because they place less value on appearance maintenance. The majority of Japanese women (56.2%) do not wax or shave between the ages of 20 and 69, as determined by a survey conducted by Coherent Market Insights. This is predicted to slow the expansion of the market. The irritation caused by electric shavers is especially bad for lint and can even cause razor bumps and acne. It is anticipated that this will slow the spread of electric shavers. Additionally, care must be used when handling them. Over the forecast period, all of these variables are expected to restrain the expansion of the global market for shavers.
Report Coverage
Global Shaving research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shaving report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shaving competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shaving market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | WAHL CLIPPER CORPORATION, CONAIR CORPORATION, ZHEJIANG RUNWE ELECTRIC APPLIANCE CO., LTD., THE PROCTER & GAMBLE COMPANY, KONINKLIJKE PHILIPS N.V., SHENZHEN SWEETLF TECHNOLOGY CO., LTD., HAVELLS INDIA LIMITED, PANASONIC CORPORATION, SPECTRUM BRANDS HOLDINGS, INC., XIAOMI CORP-W, Unilever, Edgewell Personal Care, Gillette (P&G), BIC Group, Beiersdorf AG, Harry's Inc., Energizer Holdings, Dorco Co. Ltd., Super-Max Group, Feather Safety Razor Co. Ltd., Société BIC SA, Cornerstone Brands Inc., Derby Razor Blades, American Safety Razor, S. C. Johnson & Son Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Shaving Market from 2021 to 2030.
- Market Forecast for Shaving Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Shaving competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Shaving
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shaving market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shaving market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WAHL CLIPPER CORPORATION, CONAIR CORPORATION, ZHEJIANG RUNWE ELECTRIC APPLIANCE CO., LTD., THE PROCTER & GAMBLE COMPANY, KONINKLIJKE PHILIPS N.V., SHENZHEN SWEETLF TECHNOLOGY CO., LTD., HAVELLS INDIA LIMITED, PANASONIC CORPORATION, SPECTRUM BRANDS HOLDINGS, INC., XIAOMI CORP-W, Unilever, Edgewell Personal Care, Gillette (P&G), BIC Group, Beiersdorf AG, Harry's Inc., Energizer Holdings, Dorco Co. Ltd., Super-Max Group, Feather Safety Razor Co. Ltd., Société BIC SA, Cornerstone Brands Inc., Derby Razor Blades, American Safety Razor, S. C. Johnson & Son Inc.
Primary Target Market
- Market Players of Shaving
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shaving market based on the below-mentioned segments:
Global Shaving Market, By Type
Foil
Rotary
Global Shaving market, By NATURE
Corded
Cordless
Global Shaving Market, By SALES CHANNEL
Offline channels
Online channels
Global Shaving market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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