U.S. Electric Shavers Market Expand At USD 7.91 Billion by 2025

Posted by Neha Bora on February 7th, 2020

U.S. Electric Shavers Market

San Francisco, 7 February 2020: The Report U.S. Electric Shavers Market Size, Share & Trends Analysis Report By Product Type (Trimmers / Clippers, Rotary Shavers, Foil Shavers), Competitive Landscape, And Segment Forecasts 2018 – 2025

The U.S. electric shavers market size is projected to reach USD 7.91 billion by, according to a new report by Grand View Research, Inc., exhibiting a 4.80% CAGR during the forecast period. Introduction of advanced electric shavers with 4- and 8-dimensional trimming support has enhanced trimming experience for youth. Incorporation of gels to minimize cuts and bleeding during shaving has also triggered interest and has compelled people to shift from traditional cartridge razors. With the evolution of technology, the variety of shavers and trimmers has increased and there are various products that suit consumer needs.

Sales of electric shavers and trimmers in U.S. is estimated to ascend at a good rate over the next decade owing to changing buying behavior and orientation of consumers. Internet sales have been increasing and there is a shift from brick-and-mortar stores to online sales. Consumers use the Internet to procure cosmetics and grooming products from sites such as Amazon. Companies provide several discounts and offers to stay ahead of the competition, which is beneficial for customers.

Growth in youth population in U.S. and around the world is projected to be a major driver for the electric shaver market. Awareness among youth regarding personal grooming and hygiene has increased impressively in recent past.

Access Research Report of U.S. Electric Shavers Market https://www.grandviewresearch.com/industry-analysis/us-electric-shavers-market

Further key findings from the study suggest:

  • The U. S. electric shavers market is projected to reach USD 7.91 billion by 2025 at a CAGR of 4.80% during the forecast period
  • Rotary shavers and foil shavers are steadily gaining popularity among women; the segment, however, still has immense potential for growth
  • With growing trend of e-commerce and increasing number of customers purchasing goods online, distribution of shavers and trimmers through online portals has increased
  • Shavers and trimmers have witnessed substantial technology advancements in recent past. Growing availability of more precise and smoother grooming products is anticipated to be the key factor driving market growth
  • Trimmers and clippers are estimated to hold the largest market share in the U.S. electric shavers market and is projected to grow at a CAGR of 4.03% during the forecast period.

Grand View Research has segmented the U.S. electric shavers market on the basis of product type:

U.S. Electric Shavers Product Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • Trimmer / Clipper
  • Rotary Shaver
  • Foil Shaver

 

 

Like it? Share it!


Neha Bora

About the Author

Neha Bora
Joined: September 16th, 2019
Articles Posted: 1,911

More by this author