Electric Iron Market Size, Share, Trend & Growth Report 2031
Electric Iron Market Size, Share, Trend & Growth Report 2031
Segments - Electric Iron Market by Products (Steam and Dry), Applications (Residential and Commercial), Functions (Non-automatic and Automatic), Distributions (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-352
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| 115 Pages
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Report Description
The global electric iron market size was valued at USD 1.27 Billion in 2022 and is expected to surpass USD 2.60 Billion by 2031, expanding at a CAGR of 8.3% during the forecast period, 2023–2031. The growth of the market is attributed to the rise in demand by people, as they want to look well dressed. Ironed clothes symbolize that people belong to the top layer of the society.
The use of electric iron lengthens the life of fabric over time, as it avoids fraying of clothes. Moreover, it is far better than dry cleaning, which uses damaging chemicals like perchloroethylene. Ironing helps in eradicating the odor of bleach from the clothes. Ironed clothes help create good impressions.
Electric Iron Market Trends, Drivers, Restraints, and Opportunities
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People employed in corporate companies have incorporated ironed clothes as a part of office wear. This, in turn, drives the market growth.
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Many educational institutes and schools have made it compulsory for students to wear clean and ironed clothes to inculcate discipline, hygiene, and a good lifestyle among students. This has fueled the market.
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Electric irons require electricity for usage, which may hinder the market growth.
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Rising practice of laundry services is influencing the growth of the electric iron market.
Scope of Electric Iron Market Report
The report on the global electric iron market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Electric Iron Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Steam and Dry), Applications (Residential and Commercial), Functions (Non-automatic and Automatic), Distributions (Online and Offline) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BCL Electronic, Bajaj Electricals Ltd., BLACK+DECKER Inc., Home Appliances FZE, BSH, Eveready Industries India Ltd., Crompton, Groupe SEB India, Impex technologies.in., Hamilton Beach, Jaipan, Havells India Ltd., Orient Electric, Osian, Koninklijke Philips N.V., Sears Brands, Singer, LLC (Kenmore), and Panasonic. |
Electric Iron Market Segment Insights
Products Segment Analysis
Based on products, the global electric iron market is bifurcated into dry and steam segments. The dry product segment is expected to expand at a rapid pace during the forecast period. These products are light and small. Limited maintenance and simple mechanism have helped to keep the prices low.
These products do not need much maintenance other than protecting it from scratches. These factors have propelled the segment growth. Steam products are anticipated to increase at a CAGR of 8.5% during the forecast period. The process of steam production has made ironing easy, simple, and fast.
Steam products can be used for both steaming and ironing of clothes; thus, it is economical to buy single equipment instead of two. Some organizations have announced that steam irons are optimal for various types of fabrics and thus use only steam irons for their products. This is estimated to fuel the steam segment.
Applications Segment Analysis
On the basis of applications, the global electric iron market is segregated as residential and commercial. The commercial segment is anticipated to expand at a robust CAGR during the forecast period.
Tailors and commercial laundry service providers are the main contributors for the growth of the segment. Laundry service providers use steam appliances to iron clothes, as they provide a crisp crease swiftly. Most of the tailor’s stich and iron the dresses to give it a proper fitting and shape.
The residential segment is estimated to expand at a rapid CAGR of 8.5% during the forecast period. Middle class families buy the appliances rather than depending on service providers. This factor is projected to boost the market in the segment.
Functions Segment Analysis
In terms of functions, the global electric iron market is fragmented as non-automatic and automatic. The non-automatic segment contributes more than 50% to the total revenue share. These products are priced low as compared to automatic products.
Additionally, non-automatic products have the ability to heat up quickly and are heavy in weight. Automatic products are anticipated to expand at a high CAGR of 8.5% during the forecast period. These irons come with thermostat that guarantees that clothes are not burned. The stability in temperature increases the lifespan of the appliance.
Distribution Segment Analysis
Based on distributions, the global electric iron market is classified as online and offline. The offline segment is expected to expand at a rapid pace during the forecast period, owing to large number of consumers in emerging countries such as India and China, who rely on nearby stores for shopping. The consumers make sure to check the product personally before purchasing.
The online segment is projected to show rapid growth, owing to increase in the use of tablets and smartphones across the globe. In this segment, there are no regional and country barriers. Discounts provided on websites are can attract the consumers, thereby boosting the market.
Regional Analysis
On the basis of regions, the global electric iron market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The growth of the market in North America is attributed to availability of variety of products.
According to World Bank data, 100% residents in the US and Canada have electricity, which satisfies the basic requirement of using an electric iron. These factors are driving the market in the segment.
Asia Pacific is estimated to be a rapidly growing market during the forecast period. Manufacturers from China and Japan are making enhanced products at low cost. Moreover, rising availability of electricity is a major factor boosting the market.
Segments
The global electric iron market has been segmented on the basis of
Products
- Steam
- Dry
Applications
- Residential
- Commercial
Functions
- Non-automatic
- Automatic
Distribution
- Online
- Offline
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- BCL Electronic
- Bajaj Electricals Ltd.
- BLACK+DECKER Inc.
- Home Appliances FZE
- BSH
- Eveready Industries India Ltd.
- Crompton
- Groupe SEB India
- Impex technologies.in.
- Hamilton Beach
- Jaipan
- Havells India Ltd.
- Orient Electric
- Osian
- Koninklijke Philips N.V.
- Sears Brands
- Singer
- LLC (Kenmore)
- Panasonic
Competitive Landscape
Key players in the global electric iron market include BCL Electronic, Bajaj Electricals Ltd., BLACK+DECKER Inc., Home Appliances FZE, BSH, Eveready Industries India Ltd., Crompton, Groupe SEB India, Impex technologies.in., Hamilton Beach, Jaipan, Havells India Ltd., Orient Electric, Osian, Koninklijke Philips N.V., Sears Brands, Singer, LLC (Kenmore), and Panasonic.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Iron Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Iron Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Iron Market - Supply Chain
4.5. Global Electric Iron Market Forecast
4.5.1. Electric Iron Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Iron Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Electric Iron Market Absolute $ Opportunity
5. Global Electric Iron Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Electric Iron Market Size and Volume Forecast by Types
5.3.1. Steam
5.3.2. Dry
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Electric Iron Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Electric Iron Market Size and Volume Forecast by Applications
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Electric Iron Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Electric Iron Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Electric Iron Demand Share Forecast, 2019-2026
8. North America Electric Iron Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Electric Iron Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Electric Iron Market Size and Volume Forecast by Types
8.4.1. Steam
8.4.2. Dry
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Electric Iron Market Size and Volume Forecast by Applications
8.7.1. Residential
8.7.2. Commercial
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Electric Iron Demand Share Forecast, 2019-2026
9. Latin America Electric Iron Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Electric Iron Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Electric Iron Market Size and Volume Forecast by Types
9.4.1. Steam
9.4.2. Dry
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Electric Iron Market Size and Volume Forecast by Applications
9.7.1. Residential
9.7.2. Commercial
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Electric Iron Demand Share Forecast, 2019-2026
10. Europe Electric Iron Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Electric Iron Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Electric Iron Market Size and Volume Forecast by Types
10.4.1. Steam
10.4.2. Dry
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Electric Iron Market Size and Volume Forecast by Applications
10.7.1. Residential
10.7.2. Commercial
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Electric Iron Demand Share Forecast, 2019-2026
11. Asia Pacific Electric Iron Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Electric Iron Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Electric Iron Market Size and Volume Forecast by Types
11.4.1. Steam
11.4.2. Dry
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Electric Iron Market Size and Volume Forecast by Applications
11.7.1. Residential
11.7.2. Commercial
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Electric Iron Demand Share Forecast, 2019-2026
12. Middle East & Africa Electric Iron Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Electric Iron Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Electric Iron Market Size and Volume Forecast by Types
12.4.1. Steam
12.4.2. Dry
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Electric Iron Market Size and Volume Forecast by Applications
12.7.1. Residential
12.7.2. Commercial
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Electric Iron Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Electric Iron Market: Market Share Analysis
13.2. Electric Iron Distributors and Customers
13.3. Electric Iron Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. BCL Electronic
13.4.2. Bajaj Electricals Ltd.
13.4.3. BLACK+DECKER Inc.
13.4.4. Home Appliances FZE
13.4.5. BSH
13.4.6. Eveready Industries India Ltd.
13.4.7. Crompton
13.4.8. Groupe SEB India
13.4.9. Impex technologies.in.
13.4.10. Hamilton Beach
13.4.11. J
Methodology
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