Electric Iron Market Report 2023 (Global Edition)

Global Electric Iron Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Iron Industry growth. Electric Iron market has been segmented with the help of its Type, Application Function, and others. Electric Iron market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By Type, Traditional iron segment has the highest market share in the Electric Iron market!

Traditional iron has been used by a large chunk of population mostly for residential purposes. In this type of iron, the steam boiler is located directly on the iron itself. Further, they are comparatively cheaper in price and it is of simple design consisting of a metal plate and a dial for temperature adjustment. Basic dry iron is available to buy online as well as offline.

However, the market is seeing a shift recently from traditional iron to steam generator iron. It is becoming a popular choice by people. These models of iron boxes come with small tanks to hold water. During the ironing process, this water is converted to steam and sprayed on the cloth. The amount of steam to be sprayed on a cloth depends on its type. Steam irons have a small outlet through which the steam is sprayed on the cloth. Moreover, they have control switches to regulate the steam spray depending on the type of cloth. Hence, steam irons are widely popular and are better than basic types of irons.

• Traditional Iron
• Steam Generator Iron
• Hanging Iron
• Other

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Application Segment Analysis of Electric Iron Market

Demand for electric iron is higher from the residential sector as electric iron is an FMCG product since the 1880s. Thus, this is the common tool found in almost every household. Further, mounting disposable income and the working population have enhanced the use of electric iron at homes.

• Industrial
• Residential
• Other

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electric Iron market report 2023 Edition by contacting our team.

Electric Iron Function Segment Analysis

Ironing is a common process in every household to remove wrinkles from clothes. But it’s the technology that keeps on changing and upgrading the tool for its easy and convenient use. Automatic electric iron has a thermostat switch to regulate the heat to a predetermined value. When the predetermined value of the temperature is reached, the thermostat switch automatically disconnects the electricity supply and reconnects the same when the iron starts cooling down.

Hence, demand for automatic electric iron is high in comparison to non-automatic due to their safety benefits.

• Automatic
• Non-automatic

Electric Iron Product type Segment Analysis

• Dry
• Steam

Electric Iron Distribution Channel Segment Analysis

In terms of distribution channel, offline distribution channel segment held the largest market share across the global market owing to a large number of consumers relying on electronic stores, supermarkets, and hypermarkets. Further, satisfaction from physical verification is high and thus, offline dominates the market. However, post COVID pandemic and rising usage of smartphone, online sale is rising at a significant growth rate.

• Offline
• Online

North America Electric Iron Market held the highest market share of 32.15% in 2021!

Asia Pacific is anticipated to witness the highest CAGR in the electric iron market during the forecast period
North America held the highest market share of 32.15% in the year 2021. This can be attributed owing to high spending capacity as well as a high working population. Further, in U.S., Canada, and Mexico, there is 100% accessibility to electricity which automatically stimulate the high purchase of electrical products.

However, during the forecast period, APAC is significantly growing at a high CAGR owing to the rise in disposable income. Further, countries like India, China, and Japan have a higher number of working populations. The working women population is also rising which induces high usage of electric iron. Moreover, the fashion industry in these countries is booming which has stimulated high usage of electric iron at commercial places.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Electric Iron Industry News:

• March 2021, Philips sold its domestic appliances business to global investment firm Hillhouse Capital:

Royal Philips has signed an agreement to sell its Domestic Appliances business with EUR 2.2 billion sales in 2020 in kitchen, coffee, garment care, and home care appliances, to Hillhouse Capital, a global investment firm focused on helping companies achieve long-term sustainable growth through digital innovation and enablement.

• July 2022, Electrolux re-enters the Indian consumer durables market:

Swedish home appliance manufacturer Electrolux has re-entered the Indian market almost after four years and launched its "first experience center" in the national capital. It has introduced a complete range of solutions for refrigeration, fabric care (washers and dryers), air purification and conditioning, dishwashing, cooking, and vacuum cleaner in a phased manner.

• January 2022, Rowenta and Tefal has launched a raft of new products for 2022 to make cleaning easy:

With the Cube hygiene steamer from Tefal, the traditional “ironing room” can be set up spontaneously and with little effort anywhere in the home. With just one device, home textiles and items of clothing can be ironed, steam smoothed, and disinfected. With just the power of hot, high-pressure steam, the Cube promises to eliminate up to 99.99% of bacteria, viruses, and germs that can settle in all sorts of substances in the home. The Pro Express Vision steam ironing station from Tefal has an extra powerful steam output of up to 180 g/min and is therefore ideal for cleaning any home textiles.

Top Companies Market Share in Electric Iron Industry: (In no particular order of Rank)

• Bajaj Electricals Ltd.
• BCL Electronic
• BLACK+DECKER Inc.
• BSH Home App
• liances FZE
• Crompton
• Eveready Industries India Ltd.
• Groupe SEB India
• Hamilton Beach
• Havells India Ltd.
• impextechnologies.in.
• Jaipan
• Koninklijke Philips N.V.
• Orient Electric
• Osian
• Panasonic
• Sears Brands LLC (Kenmore)
• Singer
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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