Product Code: PM3916
The global razor market size is projected to cross USD 16.85 billion by 2032, as per research report by Polaris Market Research.
The report "Razor Market Share, Size, Trends, Industry Analysis Report, By Product Type (Cartridge, Disposable, Electric), By Consumer, By Distribution Channel (Supermarkets & Hypermarkets, Online), And Segment Forecasts, 2024-32" offers an in-depth examination of the present market dynamics while delivering an analysis of anticipated future market expansion.
Robust expansion of the men's grooming products market can be attributed to a confluence of factors that have significantly amplified consumer demand. Notably, an upsurge in awareness concerning personal hygiene and aesthetics has played a pivotal role in shaping consumer preferences. This heightened consciousness has prompted individuals to seek effective and convenient solutions for their grooming needs. In parallel, the market has been invigorated by the availability of a diverse range of brands, both local and international, catering to this burgeoning demand.
Philips, Braun, Syska, & Nova have established themselves as frontrunners, providing a wide array of grooming products designed to cater to various needs. This diverse selection includes offerings such as electric shavers, trimmers, and epilators tailored to deliver efficient and hassle-free grooming experiences. This trend is further fortified by the globalization of grooming standards, wherein countries like the U.K., U.S., and Germany have witnessed a flourishing personal care industry.
While men's grooming has indeed been a driving force, the expansion of the personal care industry has transcended gender boundaries. Countries where this industry has attained paramount significance are experiencing robust demand for grooming products, regardless of gender. This underscores the universal appeal of grooming products as individuals across diverse demographics seek products that align with their personal care preferences.
Surge in product demand driven by the ready availability of cutting-edge grooming solutions and an escalating awareness of personal care practices. This heightened consciousness has translated into a significant uptick in the desire for grooming products within the region. Moreover, the adoption of electric trimmers has experienced a notable rise, both in households and professional salons across the United States. This surge is attributed to the electric trimmers' capacity to deliver rapid and efficient results, meeting the evolving grooming needs of consumers.
Substantial increase in the number of internet users has created a vast and accessible online market. Allowing consumers to shop at their convenience without being bound by traditional store hours. The prevalence of discounts & offers further entices customers, enhancing their purchasing experience and value proposition.
Razor Market: Key Report Highlights
- Cartridges segment held the largest share, as they being used in most of the products
- Online channels will grow at the substantial pace, primarily due to huge discounts, offers and cash backs
- Female segment will grow at the robust pace, owing to rise in female working population, beauty salons & parlors
- The key market players include Procter & Gamble, Philips, Edgewell Disposable Company, Harry's Inc., Societe BIC, Supermax Limited, and Dorco.
Polaris Market Research has segmented the Razor market report based on type, consumer, distribution channel, and region:
Razor Market Analysis by Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Cartridge
- Disposable
- Electric
Razor Market Analysis by Consumer Outlook (Revenue - USD Billion, 2019 - 2032)
Razor Market Growth Analysis by Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Supermarkets & Hypermarkets
- Convenience stores
- Online
Razor Market Trends Analysis by Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Razor Market Insights
- 4.1. Razor Market - Distribution Channel Snapshot
- 4.2. Razor Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising awareness of personal hygiene and aesthetics
- 4.2.1.2. Technological Advancements
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Razor Burn and Skin Irritation
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Razor Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Razor Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Razor Market, by Product Type, 2019-2032 (USD Billion)
- 5.3. Cartridge
- 5.3.1. Global Razor Market, by Cartridge, by Region, 2019-2032 (USD Billion)
- 5.4. Disposable
- 5.4.1. Global Razor Market, by Disposable, by Region, 2019-2032 (USD Billion)
- 5.5. Electric
- 5.5.1. Global Razor Market, by Electric, by Region, 2019-2032 (USD Billion)
6. Global Razor Market, by Consumer
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Razor Market, by Consumer, 2019-2032 (USD Billion)
- 6.3. Men
- 6.3.1. Global Razor Market, by Men, by Region, 2019-2032 (USD Billion)
- 6.4. Women
- 6.4.1. Global Razor Market, by Women, by Region, 2019-2032 (USD Billion)
7. Global Razor Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3. Supermarkets & Hypermarkets
- 7.3.1. Global Razor Market, by Supermarkets & Hypermarkets, By Region, 2019-2032 (USD Billion)
- 7.4. Convenience stores
- 7.4.1. Global Razor Market, by Convenience stores, By Region, 2019-2032 (USD Billion)
- 7.5. Online
- 7.5.1. Global Razor Market, by Online, By Region, 2019-2032 (USD Billion)
8. Global Razor Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Razor Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Razor Market - North America
- 8.3.1. North America: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.3.4. Razor Market - U.S.
- 8.3.4.1. U.S.: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.3.5. Razor Market - Canada
- 8.3.5.1. Canada: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4. Razor Market - Europe
- 8.4.1. Europe: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.4. Razor Market - UK
- 8.4.4.1. UK: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.5. Razor Market - France
- 8.4.5.1. France: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.6. Razor Market - Germany
- 8.4.6.1. Germany: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.7. Razor Market - Italy
- 8.4.7.1. Italy: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.8. Razor Market - Spain
- 8.4.8.1. Spain: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.9. Razor Market - Netherlands
- 8.4.9.1. Netherlands: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.4.10. Razor Market - Russia
- 8.4.10.1. Russia: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5. Razor Market - Asia Pacific
- 8.5.1. Asia Pacific: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.4. Razor Market - China
- 8.5.4.1. China: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.5. Razor Market - India
- 8.5.5.1. India: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.6. Razor Market - Malaysia
- 8.5.6.1. Malaysia: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.7. Razor Market - Japan
- 8.5.7.1. Japan: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.8. Razor Market - Indonesia
- 8.5.8.1. Indonesia: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.5.9. Razor Market - South Korea
- 8.5.9.1. South Korea: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.6. Razor Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.6.4. Razor Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.6.5. Razor Market - UAE
- 8.6.5.1. UAE: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.6.6. Razor Market - Israel
- 8.6.6.1. Israel: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.6.7. Razor Market - South Africa
- 8.6.7.1. South Africa: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.7. Razor Market - Latin America
- 8.7.1. Latin America: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.7.4. Razor Market - Mexico
- 8.7.4.1. Mexico: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.7.5. Razor Market - Brazil
- 8.7.5.1. Brazil: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Razor Market, by Consumer, 2019-2032 (USD Billion)
- 8.7.6. Razor Market - Argentina
- 8.7.6.1. Argentina: Razor Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Razor Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Razor Market, by Consumer, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. The Procter &Gamble Company
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Koninklijke Philips N.V..
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Edgewell Disposable Company
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Harry's Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Societe BIC S.A. (BIC)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Supermax Limited
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Dorco Co. Ltd.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development