Global Shavers Market is anticipated to expand at a CAGR of 7.9% during the period 2015-2020

New York City, New York, August 25, 2015: As per the latest market report published by Persistence Market Research, titled “Global Market Study on Shavers: Latin America to Witness Highest Growth by 2020”, the global shavers market is expected to grow at a CAGR of 7.9% in the forecast horizon from 2015 to 2020 and reach US$30 billion by 2020.

The growing preference for personal grooming among both men and women is the major factor driving the global shavers market. Additionally, the rising preference for keeping a clean shaven look amongst men in urban society and for hair removal utilizing shavers among the female population is also stimulating the global shavers market.

Buy Full Report: http://www.persistencemarketresearch.com/market-research/shavers-market.asp

On the other hand, as per this report, there are a number of factors responsible for impeding the growth of the global shavers market. One of the major impeding factors is the current trend to sport facial hair amongst the male population. Men tend to express themselves by sporting facial hair in the form of stubbles, moustaches, or even full grown beards. This growing trend may adversely affect the growth of this market in the forecasting horizon.

The report segments the global shavers market on the basis of product types, end users, and geography.

In terms of product types, the global shavers market is segmented into two major types, namely non-electric shavers and electric shavers. Amongst these, the non-electric shavers segment dominated the market in 2014, representing 73.6% of the market; the share of this segment is expected to reach 79.9% by 2020.

Non-electric shavers can be further sub-segmented into safety razors, blades and accessories, and cartridge razors. Amongst these sub-segments, in 2014, the segment of blades and accessories led demand for the non-electric shavers segment. It is expected to continue as the leading segment and is estimated to reach US$10.8 billion by 2020.

On the other hand, in 2014, electric shavers represented a share of 26.4% in the overall market but this segment is expected to lose its prominence in the coming future owing to the soaring cost of electric shavers. In terms of end users, the global shavers market is majorly segmented into female end users and male end users.

Request Sample Report: http://www.persistencemarketresearch.com/samples/4922

In terms of geography, the global shavers market is segmented into Latin America, North America, Asia Pacific, Europe, Africa, and the Middle East. Latin America is the top regional segment of the market and represented the biggest share in the global shavers market. The Latin America shavers market is predicted to grow at a 17% CAGR till 2020 and will reach US$10.8 billion.

The market share of Latin America, which stood at 22% in 2014, will reach 36.2% by 2020. This is owing to the increasing demand for shaving products in Brazil. On the other hand, the European shavers market stood as the most profitable market and is expected to reach a valuation of US$ 8.1 billion by 2020. In terms of distribution channel, the shavers market is segmented into online retail, hypermarkets and supermarkets, and others.

The most prominent players in the global shavers market include Conair Corporation, Panasonic Corporation, Koninklijke Philips N.V., Energizer Holdings, Inc., The Procter & Gamble Company, Wahl Clipper Corporation, and SOCIÉTÉ BIC.

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research
305 Broadway
7th Floor
New York City, NY 10007
United States
USA-Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com