Razor Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence


Posted December 17, 2020 by Rahul_Gautam

Razor Market to Witness Robust Expansion Throughout the Forecast Period 2030
 
The growing preference for personal grooming and rising disposable income are driving people around the world to purchase razors. Resulting, from $18.0 billion in 2019, the razor market is expected to experience a 2.1% CAGR during 2020–2030 (forecast period), to reach $22.5 billion by 2030. Such instruments comprise a blade, an apparatus that holds the blade, and a handle. These have been some of the oldest tools used by people, starting from when early humans used sharpened stones to groom themselves.

The razor market is divided on the basis of distribution channel into department stores, supermarkets/hypermarkets, online, convenience stores, and others. The market was dominated by the supermarkets/hypermarkets division during the historical period (2014–2019), as the wide variety of products available at such places allows people to physically see and compare them. The highest CAGR during the forecast period is predicted to be witnessed in the online division, owing to the benefits provided by e-commerce portals such as better offers, greater variety, easy price comparison, 24*7 hassle-free shopping, and home delivery.

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Presently, APAC is the largest razor market, and it would also experience the fastest growth during the forecast period. It is home to the most people on earth, which is why the demand for personal care and grooming products has always been high here. Additionally, the rapid urbanization is leading to economic prosperity, which is, in turn, allowing more people to spend more than before on grooming and personal care products.

Therefore, with the growing Westernization, the demand for grooming products, including razors, will continue to increase.

The research offers market size of the global razor market for the period 2014–2030.

Market Segmentation by Type

Cartridge Razors
Disposable Razors
Electric Razors
Straight Razors
Safety Razors
Market Segmentation by Segment

Mass
Standard
Premium
Market Segmentation by Distribution Channel

Supermarkets/Hypermarkets
Department Stores
Convenience Stores
Online
Others (Drug stores, grocery stores, and beauty specialists)
Market Segmentation by Razor Blade Type

Stainless Steel Blade
Carbon Steel Blade
Market Segmentation by Consumer

Men
Women
Market Segmentation by Geography

Asia-Pacific (APAC) razor market
By type
By segment
By distribution channel
By razor blade type
By consumer
By country – China, India, Japan, South Korea, Australia, and Rest of APAC
Europe razor market
By type
By segment
By distribution channel
By razor blade type
By consumer
By country – Germany, U.K., France, Italy, Spain and Rest of Europe
North America razor market
By type
By segment
By distribution channel
By razor blade type
By consumer
By country – U.S., and Canada
Latin America (LATAM) razor market
By type
By segment
By distribution channel
By razor blade type
By consumer
By country – Brazil, Mexico, and Rest of LATAM
Middle East and Africa (MEA) razor market
By type
By segment
By distribution channel
By razor blade type
By consumer
By country- Turkey, Saudi Arabia, U.A.E., and Rest of MEA
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Contact Email [email protected]
Issued By Rahul Guatam
Country India
Categories Beauty , Business , Consumer
Tags Razor Market , Razor Market Report , Demand for Razor Market , Size of Razor Market , Razor Market Growth Rate
Last Updated December 17, 2020