Shavers Market
By Type;
Foil, RotaryBy Nature;
Corded and CordlessBy Sales Channel;
Offline Channels and Online ChannelsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Shavers Market Overview
Shavers Market (USD Million)
Shavers Market was valued at USD 7,494.00 million in the year 2024. The size of this market is expected to increase to USD 10,130.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.
Shavers Market
*Market size in USD million
CAGR 4.4 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 4.4 % | 
| Market Size (2024) | USD 7,494.00 Million | 
| Market Size (2031) | USD 10,130.19 Million | 
| Market Concentration | High | 
| Report Pages | 309 | 
Major Players
- Gillette
 - BIC
 - LORD
 - DORCO
 - Supermax
 - Harry's
 - Feather
 - Edgewell Personal Care
 
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Shavers Market
Fragmented - Highly competitive market without dominant players
The Shavers Market is evolving with rapid technological advancements and an expanding demand for both electric and manual shavers. The continuous introduction of innovative features such as multi-blade systems, waterproof designs, and battery life enhancements has boosted consumer interest, particularly in the grooming and personal care sector. This surge in demand is anticipated to drive significant market growth in the coming years, with key factors including increasing disposable incomes and the rising preference for personal grooming solutions.
Consumer PreferencesThe consumer preference for electric shavers has been steadily rising, with an estimated 60% of the total market share being driven by these products. Their convenience, efficiency, and advanced features, such as cordless use and quick-charge capabilities, are significant factors contributing to their growing popularity. Meanwhile, manual razors, accounting for approximately 35% of the market, continue to maintain a strong presence, particularly due to their affordability and precision.
Technological AdvancementsRecent technological innovations in electric shavers have led to improved performance and durability, making them more appealing to tech-savvy consumers. The introduction of smart shavers, which offer features like skin sensitivity sensors and customized grooming settings, has revolutionized the market. As a result, smart shavers now hold a growing share of the market, expected to increase to around 25% in the next few years.
Shaving AccessoriesAlong with the increasing popularity of shavers, shaving accessories such as replacement blades, shaving creams, and after-shave products are also gaining significant market traction. These accessories are essential to complement the shaving experience and contribute to approximately 15% of the overall market share. As more consumers seek premium shaving products, the demand for these accessories continues to grow, further driving the market.
Market ChallengesDespite the significant growth, the Shavers Market faces challenges including the rising competition from alternative hair removal methods such as waxing and laser treatments. These methods, which are often seen as more long-lasting, are gaining attention among consumers. This shift poses a threat to traditional shaving products, although they continue to remain popular in many regions due to their cost-effectiveness and ease of use.
Market OutlookThe Shavers Market is expected to continue expanding, with increasing demand for both electric and manual products. The integration of advanced features in shavers and the continued preference for personal grooming solutions will play a key role in the market's growth. With constant innovation and a strong consumer base, the market is expected to thrive in the near future.
Shavers Market Key Takeaways
-  
The growing emphasis on personal grooming and hygiene across all demographics is elevating shavers—from manual razors to premium electric models—as a standard part of daily self-care.
 -  
The rise of the electric shaver segment
 -  
Urbanisation and rising disposable incomes
 -  
Brands are focusing on product differentiation
 -  
The shaving market faces headwinds from alternative grooming practices
 -  
Distribution is shifting: e-commerce and direct-to-consumer channels
 -  
Competitive advantage lies with manufacturers that build integrated ecosystems
 
Shavers Market Recent Developments
-  
In February 2024, Philips introduced its new S7000 series of electric shavers, featuring enhanced skin comfort technology and AI-powered facial mapping. This launch emphasised the shift toward personalised grooming solutions in the global shavers market.
 -  
In August 2025, market data revealed the global shavers market was valued at approximately USD 12.65 billion in 2024 and is projected to grow steadily, driven by rising demand for premium grooming devices and expanded e-commerce reach.
 
Shavers Market Segment Analysis
In this report, the Shavers Market has been segmented by Type, Nature, Sales Channel, and Geography.
Shavers Market, Segmentation by Type
The Type segmentation in the Shavers Market includes Foil and Rotary shavers. Each type serves distinct grooming preferences and technological advancements catering to both personal and professional use. Market growth in this segment is driven by innovations in ergonomics, precision engineering, and battery performance designed to improve shaving efficiency and user comfort.
Foil
Foil shavers are popular among users seeking a close and smooth shave with minimal skin irritation. They utilize oscillating blades beneath a thin metal foil, making them ideal for daily use. Continuous improvements in micro-thin foil technology and precision blades have enhanced cutting performance and skin protection, boosting adoption across urban male consumers.
Rotary
Rotary shavers, featuring circular blades that flex and adapt to facial contours, are designed for multi-directional shaving and ease of maneuvering. These devices are increasingly preferred for coarse or longer hair types. Advancements in 3D contour systems and quiet motor designs are improving user experience and market penetration, particularly in the premium grooming segment.
Shavers Market, Segmentation by Nature
The Nature segmentation differentiates between Corded and Cordless shavers. This classification influences consumer purchasing behavior, convenience, and portability. Growing urbanization, frequent travel, and lifestyle changes are contributing to the rising preference for cordless models, while corded shavers continue to appeal to value-conscious users seeking uninterrupted operation.
Corded
Corded shavers provide consistent power output and are preferred for professional or salon use where long-duration performance is essential. Their affordability and reliability continue to support demand in emerging economies and traditional retail markets. Manufacturers are focusing on ergonomic redesigns and lightweight bodies to retain competitiveness.
Cordless
Cordless shavers have gained widespread popularity due to portability, rechargeable convenience, and waterproof features. Equipped with fast-charging lithium-ion batteries, these models dominate the global market, accounting for more than 65% of unit sales. Integration of smart sensors and LED indicators continues to enhance usability and battery efficiency.
Shavers Market, Segmentation by Sales Channel
The Sales Channel segmentation divides the market into Offline Channels and Online Channels. The distribution network is evolving as consumer buying behavior shifts toward digital retail platforms. Strategic partnerships with e-commerce companies, improved product accessibility, and digital marketing campaigns are reshaping the competitive landscape of this segment.
Offline Channels
Offline Channels remain vital for product visibility and physical demonstrations. Specialty stores, supermarkets, and electronics retailers account for significant sales volume, particularly in regions where hands-on product experience influences purchase decisions. In-store promotions and bundling strategies continue to support this segment’s stability.
Online Channels
Online Channels are witnessing rapid growth due to expanding e-commerce penetration and consumer trust in online transactions. The segment benefits from exclusive launches, discount offers, and home delivery convenience. With online sales growing at over 10% annually, major brands are optimizing digital storefronts and enhancing virtual product visualization features.
Shavers Market, Segmentation by Geography
In this report, the Shavers Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America dominates the Shavers Market owing to high grooming awareness, technological adoption, and strong brand penetration. The U.S. leads regional sales with growing demand for electric and smart grooming devices among men and women alike.
Europe
Europe shows steady market expansion, supported by a culture of personal grooming and advanced retail infrastructure. Sustainability initiatives and eco-friendly product development are influencing consumer preferences, particularly in Germany, France, and the UK.
Asia Pacific
Asia Pacific is the fastest-growing regional market, driven by a young population, rising disposable incomes, and rapid urbanization. Countries like China, India, and Japan are seeing increasing adoption of cordless and rechargeable shavers through both offline and online retail channels.
Middle East & Africa
Middle East & Africa are experiencing gradual growth, propelled by expanding retail networks and greater awareness of personal hygiene and grooming. The demand for affordable grooming tools continues to rise in urban centers such as Dubai, Riyadh, and Johannesburg.
Latin America
Latin America shows promising growth potential, particularly in Brazil and Mexico, where consumers are embracing modern grooming technologies. Increasing online retail adoption and brand promotions are driving product accessibility across diverse demographics.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Shavers Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Technological Advancements
 - Changing Consumer Lifestyles and Preferences
 - Increasing Disposable Income
 - Growing Awareness of Personal Grooming
 -  
Rise in Urbanization and Population Growth- The rise in urbanization and population growth has significantly impacted the Global Shavers Market, driving both demand and market expansion. Urbanization trends, characterized by the migration of populations from rural to urban areas, have led to the concentration of consumer markets in cities and metropolitan regions. In urban settings, there is often greater emphasis on personal grooming and appearance maintenance, reflecting evolving lifestyle preferences and societal norms. As a result, urban populations exhibit higher demand for grooming products such as shavers, fueling market growth and innovation.
Population growth, particularly in emerging economies, has contributed to the expansion of the Global Shavers Market by creating a larger consumer base. With a growing population, there is an increased number of individuals entering the workforce and participating in social activities, thereby heightening the demand for grooming products. This demographic shift, coupled with rising disposable incomes and changing cultural attitudes toward grooming, augments the market potential for shavers, especially in regions experiencing rapid urbanization and demographic transitions. As urbanization and population growth continue to reshape consumer demographics and preferences globally, the shavers market is poised to witness sustained growth and evolution to meet the diverse needs of a burgeoning population.
 
Restraints:
- High Initial Cost of Electric Shavers
 - Competition from Alternative Hair Removal Methods
 - Limited Penetration in Rural Areas
 - Concerns Regarding Skin Sensitivity and Irritation
 -  
Economic Uncertainties and Fluctuating Consumer Spending- Economic uncertainties and fluctuating consumer spending patterns have a profound impact on the Global Shavers Market, influencing purchasing behaviors and market dynamics. During periods of economic uncertainty, such as recessions or financial downturns, consumers often prioritize essential expenses over discretionary purchases like grooming products. As a result, demand for shavers may experience a temporary decline as consumers tighten their budgets and adopt more frugal spending habits. Furthermore, fluctuating exchange rates, inflationary pressures, and geopolitical tensions can contribute to market volatility, affecting consumer confidence and purchasing power across different regions.
In response to economic uncertainties, shaver manufacturers may adjust their marketing strategies, pricing models, and product offerings to remain competitive and resilient. For instance, companies may introduce budget-friendly shavers or promotional discounts to appeal to price-conscious consumers during downturns. Additionally, investment in product innovation and differentiation becomes crucial to maintain consumer interest and loyalty amidst economic challenges. By closely monitoring economic indicators and consumer sentiments, shaver manufacturers can adapt their business strategies and navigate market fluctuations effectively, ensuring sustained growth and resilience in an uncertain economic environment.
 
Opportunities:
- Emerging Markets in Asia-Pacific and Latin America
 - Expansion of Product Offerings to Include Women's Shavers
 - Adoption of Sustainable and Eco-Friendly Shaving Solutions
 - Technological Innovations in Smart and IoT-enabled Shavers
 -  
Partnerships with Online Retailers and E-commerce Platforms- Partnerships with online retailers and e-commerce platforms have emerged as strategic imperatives in the Global Shavers Market, offering manufacturers expanded reach, increased visibility, and enhanced consumer engagement. With the proliferation of digital technologies and the growing preference for online shopping, e-commerce platforms have become pivotal channels for shaver manufacturers to connect with consumers globally. By forging partnerships with established online retailers and platforms, manufacturers can leverage their existing infrastructure, logistics capabilities, and customer base to effectively distribute and promote shavers to a broader audience.
Partnerships with e-commerce platforms enable shaver manufacturers to capitalize on data-driven insights and analytics to optimize their marketing strategies and enhance customer experiences. Through collaborative efforts with online retailers, manufacturers gain access to valuable consumer data, including purchasing behavior, preferences, and trends. This data can inform product development, pricing strategies, and targeted marketing campaigns, enabling manufacturers to tailor their offerings to meet the evolving needs and preferences of online shoppers. By fostering strategic partnerships with e-commerce platforms, shaver manufacturers can harness the power of digital commerce to drive sales growth, expand market presence, and foster long-term customer relationships in the increasingly competitive global marketplace.
 
Shavers Market Competitive Landscape Analysis
Shavers Market is witnessing intensifying competition as established brands and emerging players compete for share across premium and mass categories. Companies are focusing on innovation, design enhancements, and sustainable product lines to capture consumer preference. With more than 45% of revenue concentrated among key players, the market demonstrates both consolidation and expansion strategies in play.
Market Structure and Concentration
The shavers sector shows a moderately consolidated structure, where leading brands hold over 40% dominance, supported by long-standing distribution networks. Mid-tier and local manufacturers continue to expand through cost-effective models. Strategic mergers and partnerships have strengthened competitiveness, while niche entrants leverage targeted strategies to challenge incumbents and push for measurable growth.
Brand and Channel Strategies
Global brands focus on diversified channel strategies, enhancing e-commerce visibility, retail collaborations, and direct-to-consumer models. Partnerships with grooming subscription platforms have increased engagement by nearly 30%. Strong emphasis on premium positioning and personalization has reshaped marketing, with digital outreach and loyalty programs amplifying brand retention and driving higher purchase conversion rates.
Innovation Drivers and Technological Advancements
Continuous technological advancements define this market, with over 35% of product launches centered around ergonomic designs, smart connectivity, and skin-safe blades. Companies invest heavily in R&D collaborations to improve performance and durability. Such innovation fosters differentiation, positioning shavers as multifunctional grooming tools, thereby sustaining momentum and aligning with consumer expectations of modern grooming solutions.
Regional Momentum and Expansion
Regional momentum is shaped by expanding demand across Asia-Pacific and steady adoption in Europe. Market leaders are driving expansion by strengthening supply chains and forging regional partnerships. With demand rising by nearly 25% in emerging markets, localized distribution and tailored strategies remain critical for sustaining competitiveness and capturing diverse consumer segments across geographies.
Future Outlook
The future outlook suggests sustained growth fueled by continuous innovation, premiumization, and regional expansion. Strategic collaborations, advanced product features, and sustainability commitments will shape long-term positioning. With nearly 50% of consumers showing preference for eco-friendly grooming solutions, brands that integrate these values are expected to strengthen their competitive edge and achieve durable market leadership.
Key players in Shavers Market include:
- Procter & Gamble
 - Koninklijke Philips
 - Edgewell Personal Care
 - BIC
 - Panasonic Corporation
 - Spectrum Brands Holdings, Inc.
 - Wahl Clipper Corporation
 - Harry’s, Inc.
 - Dollar Shave Club
 - Dorco Co., Ltd.
 - Feather Safety Razor Co., Ltd.
 - Merkur Stahlwaren
 - Bombay Shaving Company
 - KAI Corporation
 - Supreme Shavers Pvt. Ltd.
 
In this report, the profile of each market player provides following information:
- Market Share Analysis
 - Company Overview and Product Portfolio
 - Key Developments
 - Financial Overview
 - Strategies
 - Company SWOT Analysis
 
- Introduction 
- Research Objectives and Assumptions
 - Research Methodology
 - Abbreviations
 
 - Market Definition & Study Scope
 - Executive Summary 
- Market Snapshot, By Type
 - Market Snapshot, By Nature
 - Market Snapshot, By Sales Channel
 - Market Snapshot, By Region
 
 - Shavers Market Dynamics 
- Drivers, Restraints and Opportunities 
- Drivers 
- Technological Advancements
 - Changing Consumer Lifestyles and Preferences
 - Increasing Disposable Income
 - Growing Awareness of Personal Grooming
 - Rise in Urbanization and Population Growth
 
 - Restraints 
- High Initial Cost of Electric Shavers
 - Competition from Alternative Hair Removal Methods
 - Limited Penetration in Rural Areas
 - Concerns Regarding Skin Sensitivity and Irritation
 - Economic Uncertainties and Fluctuating Consumer Spending
 
 - Opportunities 
- Emerging Markets in Asia-Pacific and Latin America
 - Expansion of Product Offerings to Include Women's Shavers
 - Adoption of Sustainable and Eco-Friendly Shaving Solutions
 - Technological Innovations in Smart and IoT-enabled Shavers
 - Partnerships with Online Retailers and E-commerce Platforms
 
 
 - Drivers 
 - PEST Analysis 
- Political Analysis
 - Economic Analysis
 - Social Analysis
 - Technological Analysis
 
 - Porter's Analysis 
- Bargaining Power of Suppliers
 - Bargaining Power of Buyers
 - Threat of Substitutes
 - Threat of New Entrants
 - Competitive Rivalry
 
 
 - Drivers, Restraints and Opportunities 
 - Market Segmentation 
- Shavers Market, By Type, 2021 - 2031 (USD Million) 
- Foil
 - Rotary
 
 - Shavers Market, By Nature, 2021 - 2031 (USD Million) 
- Corded
 - Cordless
 
 - Shavers Market, By Sales Channel, 2021 - 2031 (USD Million) 
- Offline Channels
 - Online Channels
 
 - Shavers Market, By Geography, 2021 - 2031 (USD Million) 
- North America 
- United States
 - Canada
 
 - Europe 
- Germany
 - United Kingdom
 - France
 - Italy
 - Spain
 - Nordic
 - Benelux
 - Rest of Europe
 
 - Asia Pacific 
- Japan
 - China
 - India
 - Australia & New Zealand
 - South Korea
 - ASEAN (Association of South East Asian Countries)
 - Rest of Asia Pacific
 
 - Middle East & Africa 
- GCC
 - Israel
 - South Africa
 - Rest of Middle East & Africa
 
 - Latin America 
- Brazil
 - Mexico
 - Argentina
 - Rest of Latin America
 
 
 - North America 
 
 - Shavers Market, By Type, 2021 - 2031 (USD Million) 
 - Competitive Landscape 
- Company Profiles 
- Procter & Gamble
 - Koninklijke Philips
 - Edgewell Personal Care
 - BIC
 - Panasonic Corporation
 - Spectrum Brands Holdings, Inc.
 - Wahl Clipper Corporation
 - Harry’s, Inc.
 - Dollar Shave Club
 - Dorco Co., Ltd.
 - Feather Safety Razor Co., Ltd.
 - Merkur Stahlwaren
 - Bombay Shaving Company
 - KAI Corporation
 - Supreme Shavers Pvt. Ltd.
 
 
 - Company Profiles 
 - Analyst Views
 - Future Outlook of the Market
 

