PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550780
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550780
The global ironing boards market is estimated to be valued at USD 2,491.9 Mn in 2024 and is expected to reach USD 4,054.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2,491.9 Mn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.20% | 2031 Value Projection: | US$ 4,054.1 Mn |
The global ironing boards market has been witnessing steady growth in the last few years. An ironing board is a sturdy board or table used for smoothing wrinkles out of ironed clothing by applying moderate pressure and heat with an iron. It allows the user to press clothing like shirts, pants, dresses and others with ease. Evolution of modern lifestyles and hectic schedules have boosted demand for ironing boards that speed up the ironing process. Rising disposable incomes have also led consumers to invest more on smart household appliances like ironing boards. Advancements in material science have enabled manufacturers to develop innovative designs, compact sizes and multi-functional ironing boards.
Some of the key factors driving the growth of the global ironing boards market include evolving consumer lifestyles, increasing spending on household appliances, rapid urbanization, and rising focus on personal grooming and styling. However, availability of low-cost garment pressing services and increasing popularity of non-iron clothing are restraining the market growth. On the other hand, product innovations led by advanced engineering and materials are expected to create significant growth opportunities for market players. The growing e-commerce industry boosting easy availability of different ironing board varieties is likely to have a positive impact on the market growth. However, competition from counterfeit brands can pose a major challenge.