Overview:

The global razor market is valued for more than US$ XXX.X Mn in 2020 and expected to reach a value of US$ XXX.X Mn by 2030 with a significant CAGR of around XX.X% over the forecast period of 2022-2030. The razor is a tool having a sharp blade or set of blades and is primarily used to remove unwanted body hair.

Market Dynamics:

Growing trend of personal grooming among individuals across the globe is a major factor supporting growth of the global razor market. In addition, rising awareness about personal hygiene is another key factor supporting the global market.

Also, increasing product launches by the key players in the market is a key factor fueling growth of the target market. The key companies are focusing on product advancement to tap major market share. The major focus is on to improve convenience while shaving. Additionally, increasing electric razors in the market is expected to further drive the market in the near future.

Key Trends:

Key market players focus on strategic initiatives such as investment, acquisitions, and strategic alliance with competitors, suppliers, and vendors to tap the major market share is a key trend witnessed in the global market. For instance, in November 2021, Edgewell Personal Care Company has announced acquisition of Billie Inc. – a leading US based consumer brand. Through this acquisition the company is planning to increase their share in personal care products for women in the US.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to hold significant revenue share in the global razor market, owing to presence of majority consumer base in countries in the region. Additionally, growing income level of individuals in this region is another factor expected to further support growth of the target market in the Asia Pacific region. The Europe holds second position in terms of market value in the global market followed by North America region.

Scope of the Report:

Detailed Segmentation:

Global Razor Market, By Product Type:

• Cartridge Razors
• Disposable Razors
• Electric Razors
• Straight Razors
• Safety Razors

Global Razor Market, By Product Segment:

• Mass
• Standard
• Premium

Global Razor Market, By Blade Type:

• Stainless Steel Blade
• Carbon Steel Blade

Global Razor Market, By Distribution Channel:

• Supermarkets/ Hypermarkets
• Specialized Stores
• Convenience Stores
• Online

Global Razor Market, By End User:

• Men
• Women

Key Players Covered:

Key players operating in the market includes, Dorco Co. Ltd., Koninklijke Philips N.V., Procter & Gamble Company, Feather Safety Razor Co. Ltd., Wahl Clipper Corporation, Bombay Shaving Company, Conair Corporation, Panasonic Corporation, MERS Solutions Ltd., and Blades Manufacture Co. Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Razor Market by product type, product segment, blade type, distribution channel, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2022 – 2030, considering 2021 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global razor market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.