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Razor Market 2020 Driving Factors, Industry Growth, Key Vendors And Forecasts To 2025

Global u201cRazor Marketu201d report offers an overview of the market trends, drivers, and barriers with respect to the Razor Market. It also provides a comprehensive overview of the market of different regions across United States, Europe, China, Japan, India, Southeast Asia and Others.

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Razor Market 2020 Driving Factors, Industry Growth, Key Vendors And Forecasts To 2025

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  1. Razor Market 2025 Size, Share, Classification, Application and Industry Chain Overview “Razor Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast” Growth, Economic Trends, The global razor market size was accounted for USD 10.2 billion, in 2018 and is anticipated to grow at a CAGR of 3.5% over the forecast period, 2019 to 2025. The market growth is propelled by various factors like growing focus of men on their personal grooming and increasing awareness of consumers regarding personal hygiene. Disposable razors hold a significant share in the market and the demand for this category of razors would continue to grow owing to increasing usage in developing countries like India, Brazil, and Sri Lanka. Availability of domestic brands and the nominal price of the product are the major factors driving the product demand in these countries. However, electric shavers like trimmers and epilators are gaining traction due to their longevity and easy usage. The online channel is anticipated to mark positive growth in this segment because of hassle free payment methods and rise in digitalization through various channels. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/global-razor-market/request-sample Consumer consciousness regarding the environment is driving the producers to manufacture products using recyclable and environment-friendly materials and avoid making razors from heavy metals. However, sporting a beard has become extremely popular amongst millennials and this factor has been adversely impacting the market. Gillette reported that over the last decade the average number of times men shave every month has dropped down from 3.7 to 3.2. This reason has resulted in manufacturers coming up with numerous strategies like pitching attractive discounts to boost the product sales. Product Type Insights By product, the market is divided into disposable, cartridge and electric variants. The cartridge category ruled the market in 2018 with the largest share because of its easy application and reasonable price. Cartridge types

  2. are considered safe for all skin types and can be reused, thus, saving a lot on repetitive purchases. The cartridges are made up of steel or other alloy based blades that make its rust proof, thereby, driving the demand in the market. For example, Gillette Fusion ProGlide (with Flexball) is by far the most popular and widely used product in the cartridge razor market, as stated by company sources. The cartridge has five blades for easy rotations which ensure incredibly close shave. Electric shavers are anticipated to grow at the fastest CAGR of 4.3% over the forecast period. The major factor driving the product demand in this segment is the availability of international and local brands, starting from Braun and Philips to Indian brands like Nova and Syska. In countries such as, U.S., Germany and U.K. where the personal care industry is prospering, the demand for such products is likely to grow, both in men or women. Consumer Insights While men dominated the razor market, in 2018, the women consumer category is anticipated to grow at the fastest CAGR of 3.9% over the forecast period. Growing consciousness among women regarding personal care and strong impact of dynamic fashion trends are the major factors driving this consumer category. Consumer preference in dermatology and beauty clinics for various treatments is increasing owing to wide usage of shaving razors as they offer a non-surgical and cheaper alternative. For example, Gillette Venus is a popular razor choice among Indian women for regular use since its inception. Distribution Channel Insights The offline distribution channels like hypermarkets and supermarkets along with regular convenience stores have a larger share in the market globally when compared to online distribution channels. While hypermarkets and supermarkets held 30.6% of share in 2018, convenience stores held 28.7% of share in the same year. A wide range of products and brands are available via these offline distribution channels and they allow consumers to check the quality of the products. Further, offline store allow consumers to compare the product with other substitutes present before taking a buying decision. Global Razor Market Analysis to 2025 is a specialized and in-depth study of the industry with a special focus on the global market trend analysis. The report aims to provide an overview of Razor market with detailed market segmentation by type, application and geography. Razor Market Report presents a detailed analysis of the industry by share, size, growth rate, manufacturers, regions, types and applications This report additionally covers every one of the areas and nations of the world. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-razor-market Table Of Contents 1Razor Overview 2Global Razor Application Estimates & Trend Analysis 3Global Razor Size and Growth Prospects 4Global Razor Analysis by Region

  3. 5Global Razor Analysis by Type 6Global Razor Analysis by Application 7Global Razor Manufacturers Analysis 8Global Razor Technology and Development Trends See More Reports Of This Category By Million Insights @ https://www.millioninsights.com/industry/consumer-goods Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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