$2.9bn
$XXX.Xm
2,042
5
$XXX.Xm
Over the past five years, the Shaving Razor Manufacturing industry has benefitted from changing consumer trends and declining imports. The price of plastic materials and resin increased over the past five years and are a primary raw material cost for manufacturers, contributing to rising razor prices, which has supported revenue and profit. To this end, disposable and private-label razors are gaining ground against giant shaving brands Gillette and Schick, which currently dominate the industry. Start-up businesses Dollar Shave Club and Harry's, which do not manufacture razors in the United States and are not included in this industry, are siphoning demand from US-based manufacturers. Despite these challenges, growth due to strengthening consumer spending has kept revenue from declining. Over the past five years, revenue has been growing at a CAGR of 0.4% and is expected to reach $2.9 billion in 2023. This includes an estimated 0.5% increase in 2023. Profit is expected to climb to 9.0% of revenue in 2023 from 8.6% in 2018.An appreciating US dollar over the past five years has caused industry exports to slump. Though, less-expensive imports have also declined despite an appreciating US dollar. In 2020, industry revenue declined as the pandemic led to supply chain and trade disruptions. In addition, demand for industry products fell in the same year as many consumers worked from home due to lockdown measures.Over the next five years, consumer trends, input costs and competition are expected to limit the industry's growth prospects. Although as consumer spending and disposable income are expected to climb, consumers will be more likely to purchase higher-end and brand-name shaving razors. In addition, plastic materials and resin prices are expected to climb, raising input costs. Manufacturers will pass down additional costs by hiking product prices and increasing revenue and profit. Overall, revenue is forecast to grow at a CAGR of 0.8% to $3.0 billion over the five years to 2028.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $2.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Procter & Gamble Co | 2,278.1 | 511.4 | 22.4 | |
Edgewell Personal Care Company | 748.2 | 80.8 | 10.8 |
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Industry revenue is measured across several distinct product and services lines, including Razors, Replacement cartridges and Other . Razors is the largest segment of the Shaving Razor Manufacturing in the US.
The razors segment jumps as consumers are attracted to the cost and convenience of these products
This industry manufactures razors, replacement cartridges and disposable razors. This industry excludes related products, such as shaving cream and aftershave.
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NAICS 33521 - Shaving Razor Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Higher-quality products enable domestic manufacturers to better compete against low-cost imports. Despite an appreciating US dollar over the past five years, industry imports...
Learn about an industry's products and services, markets and trends in international trade.
The razor segment expanded as consumers are attracted to the product's convenience. All-in-one razors are the most popular shaving razors.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers in this industry tend to locate in regions with high populations. This enables manufacturers to sell to potential downstream consumers with fewer transportation...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers invest heavily in research and development to ensure high product quality. Manufacturers also compete based on price.
Learn about the performance of the top companies in the industry.
The two largest manufacturers dominate the industry. These manufacturers account for over half of industry revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers must adhere to various environmental regulations. The Environmental Protection Agency administers the Clean Air and Clean Water Acts.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has jumped over the past five years due to changing consumer preferences. Brand-name razors typically have high margins.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Shaving Razor Manufacturing in the US industry in United States is $2.9bn in 2024.
There are 5 businesses in the Shaving Razor Manufacturing in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Shaving Razor Manufacturing in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Shaving Razor Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Shaving Razor Manufacturing market in United States are Procter & Gamble Co and Edgewell Personal Care Company
Manufacturing razors and Manufacturing replacement cartridges are part of the Shaving Razor Manufacturing in the US industry.
The company holding the most market share in United States is Procter & Gamble Co.
The level of competition is high and increasing in the Shaving Razor Manufacturing in the US industry in United States.