Shavers Market is expected to be Flourished by Growing Inclination towards Personal Grooming and Hygiene

Shavers Market


The global shavers market is primarily engaged with manufacturing and supplying various types of shavers such as rotary shavers, foil shavers, and wet/dry shavers used for trimming or completely removing hair from the body and face. The shavers market offers a wide range of shavers with innovative technologies from basic shavers to advanced shavers with enhanced features such as multi-directional pivoting shavers, rechargeable shavers, waterproof shavers, etc. These shavers are used by both males as well as females for personal grooming and hair removal. 

The global shavers market is estimated to be valued at US$ 34183.42 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.


Market Dynamics:
Growing Inclination towards Personal Grooming and Hygiene: The increasing preference towards personal grooming and hygiene among both males as well as females across the globe serves as a key driver boosting the growth of the shavers market. Consumers are opting for effective grooming and personal care products such as shavers on a regular basis to maintain proper hygiene and present a well-groomed appearance. Growing awareness regarding various benefits of hair removal through shavers including prevention of skin irritation has further fuelled their adoption rate globally.

Advent of Innovative Shavers with Advanced Features: The growing demand for enhanced performance, easily usable, and multifunctional grooming products has driven shavers manufacturers to develop innovative shavers incorporated with advanced features. Manufacturers are focusing on new product launches integrated with features such as skin-friendly blades, multi-directional flex heads, waterproof capability, long-lasting battery, wireless charging options, smart connectivity, travel locks, precision trimmers, etc. This has increased consumers’ interest towards premium shavers, thereby driving the market growth.

Segment Analysis
The global shavers market can be segmented based on product type, blade type, distribution channel and region. Based on product type, the electric shavers segment dominates the market and accounts for around 60% market share globally. Electric shavers provide convenience of use as compared to manual shavers and have rechargeable batteries. Based on blade type, the rotary shaver segment dominates with over 50% market share owing to their close shave and ease of use.

PEST Analysis
Political: Government regulations regarding product quality and safety standards influence the shavers industry. Tariffs on imports also impact prices.
Economic: Rise in disposable incomes drives demand for premium shavers. Economic downturns may reduce discretionary spending on shavers.
Social: Changing demographic trends such as growing young male population boost the market. Increased focus on grooming and personal care also supports growth.
Technological: Innovation in shaver blade technology, batteries and built-in trimmers enhances product functionality. Connected shavers with App integration are gaining traction.

Key Takeaways
The Global Shavers Market Size  is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis indicates that Asia Pacific region dominates currently owing to large population and rising disposable incomes in countries like India and China. 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., and Palo Alto Networks, Inc. Key players focus on product innovation and expanding distribution networks to gain market share.

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., and Palo Alto Networks, Inc. Players like Gillette, Philips, and Braun hold major market share currently. Companies focus on product innovation, expanding distribution networks and brand building activities to strengthen market position.

For More details on the topic:

https://www.newsstatix.com/shavers-market-size-market-share-analysis/

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