Global Razor Market Revenue to Reach $22.5 billion by 2030: P&S Intelligence

NEW YORK, Oct. 19, 2020 /PRNewswire/ -- According to the market research published by P&S Intelligence, global razor market revenue is expected to increase from $18.0 billion to $22.5 billion from 2019 to 2030. The market is predicted to progress at a CAGR of 2.1% during 2020–2030. There are various types of razors available throughout the world — disposable razors, safety razors, straight razors, cartridge razors, and electric razors. Amongst these, the cartridge razors are expected to record the highest sales in the coming years, owing to the easily replaceable quality of the blades used in these products.

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One of the major factors fuelling the surge in the demand for razors is the increasing focus on personal grooming across the world. Due to the rising influence of Western Culture, men in several countries around the world are increasingly becoming aware about their grooming and appearance, especially their beard and hairstyles. As a result, the footfall in the male-special spas and salons is rapidly increasing.

Browse report overview with detailed TOC on Razor Market Research Report: By Type (Cartridge Razors, Disposable Razors, Electric Razors, Straight Razors, Safety Razors), Segment (Mass, Standard, Premium), Distribution Channel (Supermarkets/Hypermarkets, Department Stores, Convenience Stores, Online), Razor Blade Type (Stainless Steel, Carbon Steel), Consumer (Men, Women) – Industry Share, Growth, Trends and Demand Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/razor-market

The other important factor pushing the demand for razors is the surging disposable income of the people throughout the world. In several countries, especially the developing nations around the world, the per capita income of the people has grown significantly over the last few years, owing to the sharp growth in the economy of these countries. This has increased the spending of people on personal grooming products such as razors, in many countries across the world.

Globally, the Asia-Pacific (APAC) region is expected to observe the fastest growth in the usage of razor in the immediate future. This is mainly attributed to the fact that the APAC region is the most densely population region in the world and many countries in the region are observing rapid urbanization. In addition to this, the expenditure on personal care products is increasing rapidly in this region, which is in turn, boosting the sales of razors in the region.

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Global Razor Market Breakdown

Based on Type

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

Based on Segment

• Mass
• Standard
• Premium

Based on Distribution Channel

• Supermarkets/Hypermarkets
• Department Stores
• Convenience Stores
• Online

Based on Razor Blade Type

• Stainless Steel Blade
• Carbon Steel Blade

Based on Consumer

• Men
• Women

Geographical Analysis

• Asia-Pacific (APAC)
• China
• India
• Japan
• South Korea
• Australia
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• North America
• U.S.
• Canada
• Latin America (LATAM)
• Brazil
• Mexico
• Middle East and Africa (MEA)
• Turkey
• Saudi Arabia
• U.A.E.

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About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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Prajneesh Kumar
P&S Intelligence
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