Shavers Market Research, Industry Trends, Supply, Sales, Demands, Analysis And Insights

The global shavers market is consolidated with a few key players contributing a major portion of the overall revenue collected. Spectrum Brands Holdings Inc., Panasonic Corp., and Philips are the leading companies within the global shavers market and these companies have achieved dominance in the market by constantly striving for innovation and developing products with improved features, states Transparency Market Research in its latest research report. Other companies in the market are: Energizer Holdings Inc., Super-Max Group, Conair Corp., Wahl Clipper Corp., and Procter & Gamble Co.

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According to the TMR report, the global shavers market is expected to expand at a moderate pace and reach an evaluation of US$70.24 bn by the end of 2024. In terms of volume, the market is predicted to register a sale of 7.9 bn units by 2024. On the basis of product type, non-electric shavers are witnessing a comparatively higher demand than electric shavers on account of their user friendliness. In the future however, the market for electric shavers will also improve on account of the spreading awareness among consumers regarding the efficiency of electric shavers. Among end users, the demand for shavers will be higher from men. On the basis of distribution channel, the supermarket and hypermarket segment will lead.

expand at a moderate pace and reach an evaluation of US$70.24 bn by the end of 2024. In terms of volume, the market is predicted to register a sale of 7.9 bn units by 2024. On the basis of product type, non-electric shavers are witnessing a comparatively higher demand than electric shavers on account of their user friendliness. In the future however, the market for electric shavers will also improve on account of the spreading awareness among consumers regarding the efficiency of electric shavers. Among end users, the demand for shavers will be higher from men. On the basis of distribution channel, the supermarket and hypermarket segment will lead.

Europe to Continue to Lead in Terms of Revenue Generated in Shavers Market

On the basis of geography, it is estimated that Europe will continue to be the leading regional revenue generator for shavers. Women in European countries are also emerging as key end users for shavers. Growing awareness regarding the importance of personal grooming will boost the growth of the market in Europe. Asia Pacific and Latin America are also proving to be promising markets for shavers.