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DUBLIN, June 1, 2022 /PRNewswire/ — The “Razor Market Research Report: By Type, Segment, Distribution Channel, Blade Type, Consumer – Revenue Estimation and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
From an estimated $17,405.4 million in 2021, the global razor market size will likely rise to $20,866.6 million by 2030, at a 2.0% CAGR between 2021 and 2030
This presents lucrative opportunities for key consumer goods companies, such as The Procter & Gamble Company, Dorco Co. Ltd., Edgewell Personal Care Company, Societe BIC SA, Feather Safety Razor Co. Ltd., OSCAR RAZORHarry’s Inc., Koninklijke Philips NV, Dollar Shave Club Inc., and Wahl Clipper Corporation.
To leverage the growing consumer base, these enterprises have already started focusing strongly on product launches. For instance, a new skincare and shaving brand, Planet Kind, was launched by Gillette in February 2021. The products under the brand are made using 85% recycled plastic, paper, or aluminum. Exactly a year earlier, the company had launched the Gillette TREO razor, which has a safety comb built into it.
Around the world, people are rapidly shifting to subscription-based razor purchasing over repeatedly going to the store or ordering online. In recent years, several consumer product companies have launched the subscription model, wherein a set number of razors are delivered to people’s homes every month. Among the prominent companies that are offering these products on subscription are The Procter and Gamble Company and Dollar Shave Club.
The razor market is set to witness rapid growth in India in the coming years, primarily on account of the growing disposable income in the country. With more to spend than before, people in the nation are shifting from low-quality, cheap variants to branded ones. This is being aided by the reduction of prices by personal care firms in order to target the mass consumer base.
Key Findings of Razor Market Report
- The rising disposable income is driving the industry by allowing people to purchase use-and-throw razors, rather than using the same piece repeatedly, after cleaning the blade.
- The growth of the razor market is also a direct result of the strengthening focus on personal grooming. With the increasing influence of the Western culture, men and women both are doing more than ever to look good, where razors play an important role.
- The demand for electric variants is growing at the highest rate because of their ease of use and suitability for those who like keeping stubble and beards.
- With an increasing number of women entering the workforce and becoming conscious of their appearance, sales of razors are surging faster among them than among men.
- Hypermarkets and supermarkets remain the preferred places for people to shop for these products as these settings offer a wide assortment of brands under one roof.
- APAC is the largest razor market because it is home to the most people in the world. Additionally, with the rising purchasing power in the region, the sale of these and other personal care products is burgeoning.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 Type
4.1.1.1 Cartridge Razors
4.1.1.2 Disposable Razors
4.1.1.3 Electric Razors
4.1.1.4 Straight Razors
4.1.1.5 Safety Razors
4.1.2 Segment
4.1.2.1 Mass
4.1.2.2 Standard
4.1.2.3 Premium
4.1.3 Distribution Channel
4.1.3.1 Supermarkets/Hypermarkets
4.1.3.2 Department Stores
4.1.3.3 Convenience Stores
4.1.3.4 Online
4.1.3.5 Others
4.1.4 Blade Type
4.1.4.1 Carbon Steel
4.1.4.2 Stainless Steel
4.1.5 Consumer
4.1.5.1 Men
4.1.5.2 Women
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing Inclination Toward the Subscription-Based Model
4.3.1.2 Continuous Technological Advancements in Razors
4.3.2 Drivers
4.3.2.1 Increasing Focus on Personal Grooming
4.3.2.2 Rising Disposable Income
4.3.2.3 Impact Analysis of Drivers on Market Forecast
4.3.3 Restraints
4.3.3.1 Trend of Growing Beards
4.3.3.2 Impact Analysis of Restraints on Market Forecast
4.3.4 Opportunities
4.3.4.1 Increasing Opportunity in Rural Markets
4.3.4.2 Emerging Demand for Razors from Female Consumers
4.4 Impact of Covid-19 on Razor Market
4.5 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1. By Type
5.2. By Segment
5.3. By Distribution Channel
5.4. By Blade Type
5.5. By Consumer
5.6. By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Segment
6.3 By Distribution Channel
6.4 By Blade Type
6.5 By Consumer
6.6 By Country
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.2.1 North America
11.2.2 Europe
11.2.3 Apacs
11.2.4 Latam
11.2.5 Mea
11.3 Cartridge Razor Market Share Analysis of Key Players, by Country
11.3.1 US Cartridge Razor Market Share Analysis of Key Players
11.3.2 Canada Cartridge Razor Market Share Analysis of Key Players
11.3.3 India Cartridge Razor Market Share Analysis of Key Players
11.3.4 China Cartridge Razor Market Share Analysis of Key Players
11.3.5 Japan Cartridge Razor Market Share Analysis of Key Players
11.3.6 UAE Cartridge Razor Market Share Analysis of Key Players
11.3.7 UK Cartridge Razor Market Share Analysis of Key Players
11.3.8 Germany Cartridge Razor Market Share Analysis of Key Players
11.3.9 Brazil Cartridge Razor Market Share Analysis of Key Players
11.3.10 Australia Cartridge Razor Market Share Analysis of Key…
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