Shaver’s Market 2021: Investment Opportunities, In-depth Research Covers COVID-19 Impact on Growth Insights and Future Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Shaver’s Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Shaver’s Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, Global Shavers Market is estimated to reach $26.7 billion by 2024; growing at a CAGR of 6.2% from 2016 to 2024. Shavers are used to remove hair from the face, legs, etc. by cutting it off close to the skin with a razor or trimmer. Shavers market has shown a substantial growth over the years due to the growing need of removing facial-hair among the male population. Nowadays, shavers have become a necessary element to use by men or women regularly to keep their face & body attractive. Besides, consumer now prefer for premium products with innovative shaving technology which has boosted the market growth in developed countries.

The growth of global shavers market is primarily driven by increasing consumer expenditure on personal care products, increasing importance of grooming among the youth population, and rise in female shaving products. However, weak female target audience along with high costs of electric shavers may limit the market growth. Moreover, exposure towards ranges of shaving products by the way of advertising through print media & television, and adoption of greener alternatives by the recyclable razors & electric shavers is expected to pose various growth opportunities for the market in the forecast period.

The global shavers market is mainly segmented into product type, end-user, distribution channel, and geography. On the basis of product type, the segment comprises electric (rotary, foil, wet/dry shavers) and non-electric (safety razors, cartridge razors, and blades & accessories). The end-user segment is sub-segmented into male consumers and female consumers. By distribution channel, the segment is further bifurcated into supermarkets and hypermarkets, online retailing, and other distribution channels.

Based on geography, global shavers market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Russia, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The key market players profiled in the report include Panasonic Corporation, Edgewell Personal Care, Koninklijke Philips N.V., Super-Max Limited, The Procter & Gamble Company, Conair Corporation, Spectrum Brands Holdings Inc., Wahl Clipper Corporation, Remington Products Co. LLC, and Helen of Troy, among others.

The key takeaways from the report
The report will provide detailed analysis of Global Shavers Market with respect to major segments such as product type, end-user, distribution channel, and geography

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Shavers Market has been included in the report

Profile of the key players in the Global Shavers Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Shavers Market
Product Type Segments

Wet/Dry Shavers
Safety Razors
Cartridge Razors
Blades and Accessories
End-User Segments

Male Consumers
Female Consumers
Distribution Channel Segments

Supermarkets and Hypermarkets
Online Retailing
Other Distribution Channels
Geographical Segments

North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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