Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, 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.
According to a 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”, published by Grand View Research, Inc. 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.
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.
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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
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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