The North America Razor Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).
For shaving or hair removal from the face and other body parts, safety razors are used with a razor blade, which is a thin, sharp piece of metal (carbon steel or stainless steel). In the past, men all over the world used safety razors and razor blades to get rid of their facial hair. It has garnered a lot of popularity since it offers a simple, close shave with no irritation. Today, women remove hair from their legs, arms, and armpits using safety razors and razor blades. Some women have hirsutism, which causes dark hair to grow on their faces, backs, and chests in a pattern resembling that of men. The demand for razor blades is expected to increase as a result of women who have hirsutism using razors more frequently.
The majority of people, especially those who work in corporations, now regularly shave. Demand for the product is also being increased by the expanding use of razor blades. A razor blade is used to trim the hair from body parts and for cooking, and a tool to open jars, peel vegetables and make the chocolate curl for sweets.
The United States' high rate of digital adoption has been a major factor in allowing players to expand their reach. Due to the growing e-Commerce network across the US, the razor market has seen an increased movement in the sales of shaving items from offline to online retailing platforms. Razor sales have increased as a result of several internet promotions, discounts, and deals for grooming products. An easy way to purchase grooming items is through the availability of comparing and assessing product costs and topographies on internet retailing sites. The usage and sales of razors are thus anticipated to rise positively across the U.S. as a result of the improved digital environment.
The US market dominated the North America Razor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.5 billion by 2028. The Canada market is poised to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.2% during (2022 - 2028).
Based on Consumer, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, and Online. Based on Product Type, the market is segmented into Cartridge, Disposable, and Electric. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Razor Market is Estimated to reach $14.45 Billion by 2028, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter and Gamble Company, Koninklijke Philips N.V., Edgewell Personal Care Company, B. Braun Melsungen AG, Société Bic S.A., Syska LED Lights Private Limited, Harry’s, Inc., and Dorco Co. Ltd., Super-max group, and Nova
By Consumer
By Distribution Channel
By Product Type
By Country
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