The shavers market comprises of various types of shavers and trimmers used mainly for hair removal and body grooming purposes. Shavers including electric and non-electric variants are designed for face, body, beard, and head hair removal. The growing consumers’ concern for personal hygiene and grooming is driving the demand for shavers. Advantages of shavers include convenience, ease of use, cost-effectiveness, and close shave without cuts or nicks. Shavers help maintain a well-groomed appearance in a hassle-free manner which is a important aspect of self-care and personal upkeep.
The Global shavers market is estimated to be valued at US$ 34183.42 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Shavers market are Fox-IT (Part of NCC Group), Advenica, Owl Cyber Defense, AEP Networks, Waterfall Security Solutions, Nexor, Unisys Corporation, Siemens AG, BAE Systems plc, Thales Group, L3Harris Technologies, Inc., Airbus Defence and Space, Raytheon Technologies Corporation, Fortinet Inc., Palo Alto Networks, Inc. Growing e-commerce and digitization is enabling the key players to reach wider customer base globally and expand their market share.
The Shavers Market Demand offers ample growth opportunities through product innovation, developing value added products, expansion into new geographical regions, and strategic partnerships & collaborations. Global players are focusing on acquisitions of regional players to expand their footprints and establish strong distribution networks worldwide especially in emerging economies of Asia Pacific and Latin America.
Market Drivers:
Rising disposable incomes in developing economies is driving the purchase of newer grooming products such as shavers for personal care. Growing working population and dual income households have increased the focus on personal appearance and hygiene. Changing lifestyles and urbanization is increasing the demand for quick and easy to use grooming tools such as shavers.
Market restrain: Availability of alternatives such disposable razors in the Shavers Market Size And Trends a threat for established shaver brands. economic slowdowns impacts discretionary spends of consumers on grooming products. High prices of electric shavers and trimmers may limit adoption across low and middle income demographics globally.
Segment Analysis
The electric shavers sub segment dominates the shavers market owing to ease of use and convenience offered as compared to manual shavers. Electric shavers are battery powered and do not require use of blades, shaving creams or gels. This makes electric shavers a popular choice.
Within electric shavers, foil shavers account for the largest share as they give a close shave and are less irritating for sensitive skin. Foil shavers have thin rotating discs which trim hair very short without pulling or snagging them.
Global Analysis
North America dominates the global shavers market led by the US due to high per capita disposable incomes and established players. Asia Pacific is poised to grow at fastest pace due to rising incomes, urbanization and popularity of personal grooming trends especially in countries like India and China. Greater focus on looks and appearance among young population to drive market in Asia Pacific region. Europe follows in terms of market share led by countries like Germany, UK and France where grooming trends are well established.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
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