NEWARK, Del, May 31, 2022 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the razor and blades market is expected to surpass a valuation of US$ 3267.26 Mn in 2022. Sales of razor and blades are expected to surge as the healthy CAGR of over 3.0% through 2032.
Technological advancements in the razor blades market are expected to enable greater manufacturing and output. Manufacturers are obtaining technological innovations that will enable them to improve production of blades by allowing them to send them (to blades) to an assembler.
One of the significant reasons boosting the global razor blade industry is due to growing focus on home grooming. Individuals are taking care of themselves independently these days, rather than in the past, which is leading to higher sales in razors.
Additionally, the transportation and labour costs and reinforcement of energy-efficient technology will contribute to the growth of the global market for razor and blades. As the worldwide market for body hair removal aids expands, revenue from women's hair removal products surges.
Men's razor and blades have unique design elements to ensure client satisfaction. Brands are working towards 100% customer satisfaction. The potential loss of brand loyalty and esteem is a risk for the worldwide razor blade business.
Double-edge (DE) razor blades are brought more frequently than single-edge (SE) razor blades in terms of segmentation. This is because of the ease and safety of DE razors, as well as the variety of blade options. Across the forecast period, DE razor blade sales are projected to increase as more consumers take advantage of the item.
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Key Takeaways from the Razors & Blades Market Study:
· Based on product type, double edge segment will witness fastest growth over the forecast period (2022-2032).
· In terms of material, stainless steel segment is expected to dominate the global razor & blades market.
· Online retailers segment will gain traction over the forecast period owing to the rising penetration of e-commerce industry
· China is expected to spearhead the growth in East Asia razor and blades market through 2022 & beyond
· India will dominate the South Asia razor and blades market over the forecast period (2022-2032)
“Rapid urbanisation, improved personal hygiene, greater population density, and the proliferation of transportation networks are triggering a rise in demand for razor blades.”- FMI Analyst said.
Who is winning?
Participants in the worldwide razor blades market have leveraged the use of product launches, collaborations, and acquisitions to expand consumer base and strengthen sales. To draw in
prospective patrons, manufacturers have attempted to employ innovative promotional techniques, marketing, and product debuts.
Major players in the razors and blades products market are Procter & Gamble, Edgewell Personal Care, Dorco, Ltd., Societe, Oscar Razor, Feather Safety Razor Ltd., Harry s INC, Phillips, Wahl Clipper, Dollar Shave Club INC among others.
Global Razors and Blades by Category
By Product Type:
- Double Edge.
- Single Edge
By Material Type:
- Carbon steel
- Stainless Steel
By Price Range:
- Low
- Medium
- Premium
By Consumer Orientation:
- Men
- Women
By Sales Channel:
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Departmental Stores
- Online Retailers
- Drug & Pharma
- Other Sales Channel
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Product Evolution Analysis
1.5. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Winning Themes
3.3. Key Product Development Trends
3.4. Packaging & Labelling Regulations
3.5. Certifications (Organic)
3.6. Import/Export Regulations
4. Global Razors and Blades Market Demand Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Volume (‘000 Units) Analysis, 2017-2021
4.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2032
4.3. Y-o-Y Growth Trend Analysis
5. Global Razors and Blades Market - Pricing Analysis
5.1. Regional Pricing Analysis By Price Range
5.2. Pricing Break-up
5.3. Global Average Pricing Analysis Benchmark
6. Global Razors and Blades Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032
6.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
TOC Continue…
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