Global Razor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Cartridge, Disposable and Electric.

By Distribution Channel;

Supermarkets & Hypermarkets, Convenience Stores and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn939339631 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Razor Market (USD Million), 2021 - 2031

In the year 2024, the Global Razor Market was valued at USD 12,543.88 million. The size of this market is expected to increase to USD 16,067.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.

The global razor market has witnessed significant growth in recent years, driven by various factors such as evolving grooming habits, increased disposable incomes, and a growing emphasis on personal appearance. Razor products, including manual razors, electric razors, and disposable razors, cater to both men and women across

different age groups and regions. The market has been shaped by a shift in consumer preferences towards convenience and innovation, with a notable rise in the demand for premium and personalized shaving products. Technological advancements in razor design, such as multi-blade systems, ergonomic handles, and self-lubricating features, have further propelled the market's expansion.

The increasing adoption of electric razors, coupled with the growing awareness regarding skin sensitivity and safety, has contributed to a shift from traditional shaving methods. Consumers are seeking products that offer a more comfortable and efficient shaving experience, which has led to the launch of various types of electric razors, catering to diverse needs such as wet and dry shaving and rechargeable models. Along with innovations in product functionality, brands have also focused on aesthetics and ease of use, integrating advanced features such as LED indicators and cordless charging.

Regionally, North America, Europe, and Asia-Pacific are the dominant markets, with a particularly strong growth rate seen in emerging economies where changing lifestyles and increased access to high-quality grooming products are fueling demand. As consumers continue to prioritize self-care and grooming routines, brands are increasingly turning to e-commerce platforms to tap into the growing online shopping trend. Sustainability is also becoming a crucial factor, with manufacturers introducing eco-friendly razor designs and refills in response to the increasing demand for environmentally conscious products.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Razor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing grooming consciousness among men and women
        2. Technological advancements in razor design and functionality
        3. Growth of e-commerce platforms for razor sales
        4. Rising disposable incomes and urbanization
        5. Expansion of grooming routines among younger demographics
      2. Restraints
        1. Intense competition among established brands
        2. Price sensitivity among consumers
        3. Cultural preferences for alternative hair removal methods
        4. Regulatory challenges in different regions
      3. Opportunities
        1. Innovation in sustainable razor materials and packaging
        2. Expansion into emerging markets with growing disposable incomes
        3. Customization and personalization of razor products
        4. Partnerships with subscription services and grooming clubs
        5. Leveraging social media and digital marketing for brand awareness
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Razor Market, By Product Type, 2021 - 2031 (USD Million)
      1. Cartridge
      2. Disposable
      3. Electric
    2. Global Razor Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets & Hypermarkets
      2. Convenience Stores
      3. Online
    3. Global Razor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Gillette (Procter & Gamble)
      2. Schick (Edgewell Personal Care)
      3. BIC
      4. Dorco
      5. Harry's Inc.
  7. Analyst Views
  8. Future Outlook of the Market