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Global Electric Iron Market Size, Share, Trends, Forecast: By Type: Dry, Steam; By Application: Residential, Commercial; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Electric Iron Market Outlook
The global electric iron market size reached approximately USD 1.35 billion in 2023. The market is further projected to grow at a CAGR of 7.4% between 2024 and 2032, reaching a value of USD 2.38 billion by 2032.
Key Trends in the Market
Electric iron refers to a small household appliance used for removing wrinkles and creases from clothes with the combination of pressure and heat. The current passes through a piece of wire that then heats up and emits heat radiations. The different types of electric irons include automatic and non-automatic.
- The expansion of the hospitality sector is aiding the electric iron market growth. Increased efforts of hotels and other establishments to provide the travellers with a comfortable stay and high-quality services and amenities including laundry services is bolstering the demand for electric irons.
- The availability of electric irons in various price ranges is supporting the market expansion as it provides the consumers with different price points to choose from and allows them to select the product most compatible with their budget and suitable for their requirements. Various online and offline retail stores also offer store credit and loyalty points to customers encouraging them to shop more and often at their stores.
- The rising investments by the key players of the market towards the development of electric irons with recyclable materials and features including reduced energy consumption are providing lucrative growth opportunities to the market, owing to the growing demand for sustainable products due to increasing environmental concerns.
Global Electric Iron Market Analysis
On the basis of type, the market is bifurcated into dry and steam. Based on application, the market is divided into residential and commercial. On the basis of distribution channel, the market is classified into offline and online.
Based on region, the electric iron market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Koninklijke Philips N.V.
- Panasonic Holdings Corp
- Electrolux AB
- Crompton Greaves Consumer Electricals Ltd.
- SEB SA
- Usha International Ltd.
- Bajaj Electricals Ltd
- Stanley Black & Decker, Inc.
- Orient Electric Ltd
- Braun GmbH
- Others
Market Share by Distribution Channel
Offline distribution channels are anticipated to account for a significant electric iron market share over the forecast period. This growth can be attributed to the consumer preference for physically checking the condition of the electronic products prior to purchasing. The presence of helpful sales professionals and instant availability of the product further boosts the appeal of shopping in physical stores. The ease of comparison of the physical attributes of the product including shape and size further encourages consumers to shop through offline distribution channels.
Market Share by Region
The Asia Pacific is expected to witness significant growth in the coming years owing to rising access to electricity and increasing availability of electric irons across different distribution channels. The strong presence of various manufacturing units in countries such as India and China is further supporting the market expansion in the Asia Pacific. Increased investments in product innovation such as energy efficiency, smart heating, and high power is bolstering the electric iron market demand in the region.
Competitive Landscape
Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, is a multinational conglomerate corporation dedicated towards improving the lives and wellbeing of their customers with their innovative products. The company manufactures various home appliances including electric iron, refrigerator, and mixers, among others.
Panasonic Holdings Corp, headquartered in Osaka, Japan, is a multinational electronics company involved in the development of innovative solutions and technologies for their customers. The company offers housing equipment and home appliances along with products and services for offices and stores.
Electrolux AB, headquartered in Stockholm, Sweden, is one of the largest multinational home appliances manufacturing companies. The company specialises in electric irons, cookers, refrigerators, freezers, hoods, hobs, washing machines, ovens, small appliances, vacuum cleaners, and dryers, among others.
Other electric iron market players include Crompton Greaves Consumer Electricals Ltd., SEB SA, Usha International Ltd., Bajaj Electricals Ltd, Stanley Black & Decker, Inc., Orient Electric Ltd, and Braun GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Iron Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Iron Historical Market (2018-2023)
8.3 Global Electric Iron Market Forecast (2024-2032)
8.4 Global Electric Iron Market by Type
8.4.1 Dry
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Steam
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Electric Iron Market by Application
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electric Iron Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Electric Iron Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric Iron Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Iron Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Iron Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Iron Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Iron Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 851640)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Koninklijke Philips N.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Panasonic Holdings Corp
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Electrolux AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Crompton Greaves Consumer Electricals Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SEB SA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Usha International Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Bajaj Electricals Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Stanley Black & Decker, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Orient Electric Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Braun GmbH
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Iron Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Iron Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Electric Iron Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Electric Iron Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Electric Iron Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Electric Iron Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Electric Iron Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Electric Iron Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Iron Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Iron Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Iron Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Iron Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Iron Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Iron Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Iron Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Electric Iron Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Electric Iron Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Electric Iron Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Electric Iron Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Electric Iron Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 1.35 billion in 2023.
The market is projected to grow at a CAGR of 7.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.38 billion by 2032.
The major market drivers include development of eco-friendly electric irons and availability of the product across different distribution channels.
The key trends fuelling the growth of the market include expansion of the hospitality sector and availability of electric irons in various price ranges.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of electric irons include automatic and non-automatic.
The key players in the market are Koninklijke Philips N.V., Panasonic Holdings Corp, Electrolux AB, Crompton Greaves Consumer Electricals Ltd., SEB SA, Usha International Ltd., Bajaj Electricals Ltd, Stanley Black & Decker, Inc., Orient Electric Ltd, and Braun GmbH, among others.
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