Global Shavers Market Will Reach US$30 Billion by 2020
Persistence Market Research Pvt. Ltd
The global shavers market is anticipated to expand at a CAGR of 7.9% during the period 2015-2020 and reach a valuation of US$ 30 Bn by 2020, according to a new research titled, “Global Market Study on Shavers: Latin America to Witness Highest Growth by 2020” by Persistence Market Research (PMR).
Browse the full Shavers Market report at http://www.persistencemarketresearch.com/market-research/shavers-market.asp
Focus on personal grooming is one of the key drivers for the global shavers market. Emphasis on clean-shaven look among men in urban areas is creating demand for shaving products.The global shavers market is also fuelled by the increasing trend of body hair removal among women. Shaving is an economical method of removing body hair as compared to waxing. PMR estimates this trend to fuel the shavers market during the forecast period.
One of the key restraints for the shavers market is the recent trend of sporting facial hair. Whether it is a moustache, stubble or full-grown beard, men are expressing themselves through their facial hair. PMR opines that this trend can adversely impact the prospects of the shavers market during the forecast period. Low adoption of shavers by women in developing countries can also pose challenges for the global shavers market.