Global Electric Iron Market Growth 2023-2029

Global Electric Iron Market Growth 2023-2029

Electric iron is a tool for leveling clothes and fabrics, and the power is generally between 300-1000W. Its type can be divided into: ordinary type, temperature control type, steam spray type and so on. Ordinary irons have a simple structure, they are inexpensive, and are easy to manufacture and maintain. Adjustable temperature iron can automatically adjust the temperature within the range of 60-250 °C and automatically cut off the power according to the different materials used in the appropriate temperature to iron than the average type to save power. The steam spray type electric iron has both temperature control function and steam generation, and some of it is equipped with a spray device, which eliminates the trouble of artificial water spraying, and the clothing material has more uniform wetting and better ironing effect.

LPI (LP Information)' newest research report, the “Electric Iron Industry Forecast” looks at past sales and reviews total world Electric Iron sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Iron sales for 2023 through 2029. With Electric Iron sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Iron industry.

This Insight Report provides a comprehensive analysis of the global Electric Iron landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Iron portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Iron market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Iron and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Iron.

The global Electric Iron market size is projected to grow from US$ 864.3 million in 2022 to US$ 1206.7 million in 2029; it is expected to grow at a CAGR of 1206.7 from 2023 to 2029.

First of all, the growth of the global electric iron is expected to witness a significant growth over the forecast period owing to constant innovation efforts of manufacturers to attract consumers. Customers attach importance to appearance and they are interested in wrinkle-free clothes, especially for commuters who need to wear suit every single day. The price of electric iron is cheap and cheerful, people find it easy to purchase. They do not have to go to cleaning stores to make clothes wrinkle-free. It is estimated that in the Asia-Pacific region especially in China, the demand for the product is expected to grow in forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Iron market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Dry Iron
Steam Iron
Travelling Iron
Garment Steamer
Cordless Iron

Segmentation by application
Home Use
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philips
Bajaj Electricals
Usha Electricals
Panasonic
Electrolux Home Products
Tefal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Iron market?

What factors are driving Electric Iron market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Iron market opportunities vary by end market size?

How does Electric Iron break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.