Men's Shavers Market Size, Share, Growth, and Industry Analysis, By Type (Wet Type, Dry Type), By Downstream Industry (Personal Use, Barber Shops), and Regional Forecast to 2032

 MEN'S SHAVERS MARKET MARKET OVERVIEW

The global Men's Shavers Market size was USD 9.20 billion in 2023 and is projected to reach USD 11.30 billion by 2032, exhibiting a CAGR of 2.3% during the forecast period.

The men's shavers market gained momentum in recent times due to increased grooming awareness and the changing face of male consumer preferences. Due to online and subscription services, the consumer gets access to more products with easy options for shopping. The associated growing demand for self-grooming and self-care has established the men's shavers’ market on a strong growth trajectory, combining traditional practices with technological advancements.

GLOBAL CRISES IMPACTING MEN'S SHAVERS MARKET COVID-19 IMPACT

Coherent Optical Communication Equipment Market Had a Positive Effect Due to Surge Increase in Bandwidth Demand During COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

With lockdowns widespread and a cultural change unfolding, it was at least half a fair expectation that sales would begin to severely drop. But the market proved much more resilient than expected-for, as consumers began new grooming habits and once again focused on personal care with restrictions easing. In the same respect, online shopping has also seen a surge-the rise in which has far outpaced expectations-by allowing brands to maintain and even increase their customer portfolios during the pandemic. Flexibility is basically a signal that consumers' interests actually lay in grooming and self-care, and thus, even though the crisis presents an immediate negative outcome, it might have an even more positive impact in the long run than was originally predicted.

LATEST TREND

"The Trend Toward Smart Grooming Technology of Men's Shavers Market To Drive Market Growth"

One of the recent trends that will drive the growth of the market in men's shavers is smart grooming technology. The acceptance of new electric shavers and grooming devices that are now enabling smarter features such as connectivity with apps, personalized settings, and advanced sensors for skin will be popular in the future. These smart shavers offer the groom more personal experience when grooming because they allow users to track the condition of their skin, thus adjusting settings to an optimum state of comfort and efficiency. In addition, the rising popularity of subscription services for grooming products is making life easier for consumers. This allows people to have periodic deliveries of their preferred shavers and other accessories. As men become increasingly tech-savvy and invested in their grooming routines, the integration of smart technology is expected to significantly boost market growth.

MEN'S SHAVERS MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Wet Type, Dry Type

• Wet Type Shavers: These shavers are to be used with the aid of water, shaving cream, or gel that gives a smooth and clean shaving experience. Wet shavers fit the sensitive skin guy mainly because using shaving products lessens irritation. Wet shaving is often associated with old school shaving techniques and commonly features the safety razor, straight razor, and cartridge razors. Wet shaving allows for better hydration of the skin and often gets a closer shave.
• Dry-Type Shavers: Dry type shavers are used without water or extra products, making them convenient for quick grooming sessions. Most shavers belong to this type, and they are usually powered by a battery to give speed and efficiency that consumers would require for grooming. Dry shavers can be of two main types: foil and rotary. Dry shavers are advisable for users that prefer ease of use and portability because it suits travel or busy lifestyles.

BY DOWNSTREAM INDUSTRY

Based on application, the global market can be categorized into Personal Use, Barber Shops 

• Personal Use: This category encompasses customers who purchase shavers for personal use. Such use is mostly within the house. Shavers for personal use are very flexible and easily accommodated to adapt to different trim styles and personal tastes. In this category, users have a wide range of choices. They can choose either electric or manual razors, disposable shavers, depending on their needs and sensibility to the skin. Increased self-grooming, especially over the pandemic period, has led to a growing demand for personal use shavers because individuals have been putting much focus on personal care and hygiene from home.
• Barber Shops: This segment includes professional grooming houses which provide shaving and grooming facilities for the clients. Good quality and durable shavers are used more in the barber shops because they could be used many times and good quality results are also produced. Some types of professional shavers include straight razors, safety razors and some quality electric shavers designed only for the professionals. The demand in this category is influenced by the demand for professional-grade products which can provide a high level of shaving experience to the client. In some cases, there are retail facilities available in barber shops selling shavers and various grooming products to customers who want to attempt to reproduce the style they receive at the shop within their own home salon.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                

DRIVING FACTORS

"Increasing Awareness of Personal Grooming and Hygiene Among Men Across the World to Boost the Market"

A key factor that would further drive the men's shavers market growth is increasing awareness of personal grooming and hygiene among men across the world. The constant quest for looks and grooming in cities has become an intense need, leading to a rise in demand for innovative, easy-to-use shaving solutions. In this respect, social media and fashion trends also tend to drive the demand for advanced grooming products as the industry for male grooming widens. Technological advancement, like a battery-optimized electric shavers’ version with adjustable angles to ensure being skin-friendly or cutting closely with precision, is also attracting even more consumers toward the market, thus further growing it.

"Preference for electric and automatic grooming devices to Expand the Market"

In men's shavers market more and more people prefer electric and automatic grooming devices. Customers are always on the lookout for hassle-free and saving time solutions while living hectic lives. Therefore, with advanced features such as precision trimming, waterproof design, and self-cleaning functionality, electric shavers have gained popularity, and e-commerce portals are making these devices available to a global market by fueling growth in the market. Improvements in blade technology as well as better battery performance make the experience for a user better than ever; therefore, the consumer base and market growth are relatively large.

RESTRAINING FACTOR

"Very High Cost"" to Potentially Impede Market Growth"

One of the restraints that may hinder the growth of men's shaver market includes the cost of newer and advanced electric shavers and grooming machines. Many high-end models, which can be very expensive, are equipped with self-cleaning systems, precision blades, and long-lasting batteries, thereby preventing them from reaching most consumers. Further, less expensive, disposable razors or conventional hand-shaving implements might encourage a few to spend less to acquire an expensive electric shaver, thus limiting the growth potential of the market.

OPPORTUNITY

"Increasing Environmental Awareness to Create Opportunity for the Product in the Market"

This is an opportunity for the men's shavers’ market as the demand for "ecofriendly" and "sustainable" grooming products becomes developing in line with the increasing environmental awareness of consumers requiring better alternatives to disposable razors and other plastic waste-generating products.  This new market is formed by manufacturing and marketing shavers that are made from recyclable materials or designed to last, like electric shavers whose components can be replaced. Innovating the energy-efficient models and reusable grooming tools is most likely to attract conscious consumers and offer a novelty growth avenue for men's grooming.

CHALLENGE

"Difficult For Consumers to Pick the Right Product Could Be a Potential Challenge for Consumers"

A key challenge that customers face in the men's shavers market is really the very wide range of options and technologies that exist, as a result of high levels of technology development. The fact that introductions will be made to such technologies as self-cleaning systems and adjustable blades in electric shavers, among others, will make it difficult for consumers to pick the right product that would suit their needs and preferences. Premium models also come at a higher cost. Therefore, some consumers may not have enough money to throw that money on the one since cheaper alternatives are available. This complexity in decision-making and the price barrier can hinder consumers from making confident and informed purchases.

MEN'S SHAVERS MARKET REGIONAL INSIGHTS

•  NORTH AMERICA

North America, especially United States Men’s Shavers Market is one of the biggest regional markets for men's shavers. This is primarily because of the demand and awareness relating to high-end grooming products among people in this region. The demand for electric and automatic shavers has been one of the primary growth drivers for this market in the United States lately. Key brands with strong markets and new product offerings are driving the growth rate for this market in this region.

• EUROPE

Europe is another major market for men shavers. Germany, the UK, and France are the key consumers of this region. Sales are being driven by increased interest in men grooming and an urge for premium, long lasting products. European consumers are increasingly opting for green and environmentally friendly grooming products to encourage the development of newer designs and alternatives in terms of product content.

• ASIA

The Asia-Pacific region exhibits high growth rates in the market for men's shavers with an emerging middle-class clientele and growing personal grooming awareness, particularly in China, India, and Japan. The prevalence of e-commerce sites combined with affordable electric shavers is driving the grooming products market to reach a wider consumer base. Modernization of the grooming culture and higher disposable incomes will continue to impel this market in the region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The men's shavers’ market is significantly influenced by key industry players that are driving innovation and expanding their market presence. These companies focus on developing advanced grooming technologies, enhancing product features, and catering to evolving consumer preferences. Major players include established brands known for their high-quality shaving products and innovative solutions. By investing in research and development, these companies are introducing cutting-edge electric shavers, precision razors, and eco-friendly options that appeal to a diverse consumer base. Strategic partnerships, marketing initiatives, and a strong online presence further enable these industry leaders to reach new markets and respond effectively to changing consumer demands, thereby shaping the future of the men's shaver’s market.

LIST OF TOP MEN'S SHAVERS MARKET COMPANIES

• Braun (Germany)
• Panasonic (Japan)
• Philips (Netherlands)
• Remington (USA)
• Vivitar (USA)
• Wahl (USA)
• BaByliss (France)

KEY INDUSTRY DEVELOPMENT

June 2023: Philips is introducing a new generation of its electric shavers that benefit from advanced skin protection technology, as the company continues to minimize irritation from shaving. It's the start of a new series toward giving customers more comfort while ensuring the continuation of service of growing consumer demand for grooming that takes care of the skin.

REPORT COVERAGE

 The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.