Electric Iron Market Size, Share & Trends Analysis Report By Function (Automatic, Non-Automatic), By Product, By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024

Description

Electric Iron Market Growth & Trends:

The global electric iron market size is expected to reach USD 7.01 billion by 2030, registering a CAGR of 8.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising inclination among the millennials towards grooming well at a global level is boosting the market growth.

Electric irons have been modified to be lighter in weight, easier to use, energy efficient, and suitable to all kinds of fabrics. Advertisement and celebrity endorsements of these products have played a crucial role in making people aware of the product, its utility, resulting in the inclusion of the product in the daily lifestyle.

Manufacturers of electric iron have been investing in research and development of the product rapidly. Thus, it has resulted in releasing new products frequently with modified features and better efficiency. Organizations have understood the crucial role it plays in day to day life and to address the same, they have launched products that can be carried in the luggage while traveling. These products are small, lightweight, and chargeable, thereby making it compatible to be used during journey.

In April 2019, Xiaomi launched Lofans Cordless Steam Iron in China. The product is available for 199 Chinese Yuan. The cordless product comes with a charging stand, a switch to operate it, and adjustable gear to control its temperature. It consumes 200Watts of power and can be used in three modes: high, low, and dry. It consists of a 280ml water tank for steaming the clothes. The product needs to be preheated for 35 seconds and withholds heat for 2 minutes after being detached from the charger. The sole plate is made of diecast ceramic glazed aluminum. It can be heated up to 200 degree Celsius for ironing thick and heavily crushed clothes. The negative ion coating can reduce the high temperature fabric damage.

In March 2019, Tefal launched all-in-one iron and garment steamer IXEO QT1020. The product is expected to be much more efficient than regular steam product types. The product is available for GBP 290. It comes along with an adjustable and handy built in smart iron board. The board is inverted vertically for steaming and is kept horizontally for ironing. The iron works on one-temperature technology and thus, no adjustments are required.

Electric Iron Market Report Highlights:

The steam segment dominated the market with 54.2% of revenue share in 2023. The dry segment is anticipated to witness a significant CAGR of 8.5% over the forecast period.
The commercial segment accounted for the largest market revenue share of 54.9% in 2023 due to the expansion of the laundry and hospitality industries.
The offline segment dominated the market having 75.1% share in 2023. This is due to the tangible product experience it offers customers
Asia Pacific electric iron market dominated with 31.9% market share in 2023.

Product Code: GVR-3-68038-195-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Electric Iron Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Electric Iron Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations

Chapter 5. Electric Iron Market: Function Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Electric Iron Market: Function Movement Analysis, USD Million, 2023 & 2030
5.3. Automatic
- 5.3.1. Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Non-Automatic
- 5.4.1. Non-Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Electric Iron Market: Product Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Electric Iron Market: Product Movement Analysis, USD Million, 2023 & 2030
6.3. Dry
- 6.3.1. Dry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Steam
- 6.4.1. Steam Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Electric Iron Market: Application Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Electric Iron Market: Application Movement Analysis, USD Million, 2023 & 2030
7.3. Residential
- 7.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Electric Iron Market: Distribution Channel Estimates & Trend Analysis

8.1. Segment Dashboard
8.2. Electric Iron Market: Distribution Channel Movement Analysis, USD Million, 2023 & 2030
8.3. Online
- 8.3.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Offline
- 8.4.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Electric Iron Market: Regional Estimates & Trend Analysis

9.1. Electric Iron Market Share, By Region, 2023 & 2030, USD Million
9.2. North America
- 9.2.1. North America Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
  - 9.2.2.1. U.S. Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
  - 9.2.3.1. Canada Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.4. Mexico
  - 9.2.4.1. Mexico Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3. Europe
- 9.3.1. Europe Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. UK
  - 9.3.2.1. UK Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
  - 9.3.3.1. Germany Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
  - 9.3.4.1. France Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.5. Italy
  - 9.3.5.1. Italy Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.6. Spain
  - 9.3.6.1. Spain Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4. Asia Pacific
- 9.4.1. Asia Pacific Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
  - 9.4.2.1. China Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Japan
  - 9.4.3.1. Japan Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. India
  - 9.4.4.1. India Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. Australia & New Zealand
  - 9.4.5.1. Australia & New Zealand Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. South Korea
  - 9.4.6.1. South Korea Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5. Central & South America
- 9.5.1. Central & South America Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
  - 9.5.2.1. Brazil Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Saudi Arabia
  - 9.6.2.1. Saudi Arabia Electric Iron Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 10. Competitive Landscape

10.1. Recent Developments & Impact Analysis by Key Market Participants
10.2. Company Categorization
10.3. Company Heat Map Analysis
10.4. Company Profiles
- 10.4.1. Bajaj Electricals Ltd
  - 10.4.1.1. Participant's Overview
  - 10.4.1.2. Financial Performance
  - 10.4.1.3. Product Benchmarking
  - 10.4.1.4. Recent Developments/ Strategic Initiatives
- 10.4.2. BCL Electronic
  - 10.4.2.1. Participant's Overview
  - 10.4.2.2. Financial Performance
  - 10.4.2.3. Product Benchmarking
  - 10.4.2.4. Recent Developments/ Strategic Initiatives
- 10.4.3. BLACK+DECKER
  - 10.4.3.1. Participant's Overview
  - 10.4.3.2. Financial Performance
  - 10.4.3.3. Product Benchmarking
  - 10.4.3.4. Recent Developments/ Strategic Initiatives
- 10.4.4. BSH Hausgerate GmbH
  - 10.4.4.1. Participant's Overview
  - 10.4.4.2. Financial Performance
  - 10.4.4.3. Product Benchmarking
  - 10.4.4.4. Recent Developments/ Strategic Initiatives
- 10.4.5. Crompton Greaves Consumer Electricals Limited
  - 10.4.5.1. Participant's Overview
  - 10.4.5.2. Financial Performance
  - 10.4.5.3. Product Benchmarking
  - 10.4.5.4. Recent Developments/ Strategic Initiatives
- 10.4.6. Eveready Industries India Ltd.
  - 10.4.6.1. Participant's Overview
  - 10.4.6.2. Financial Performance
  - 10.4.6.3. Product Benchmarking
  - 10.4.6.4. Recent Developments/ Strategic Initiatives
- 10.4.7. Groupe SEB India
  - 10.4.7.1. Participant's Overview
  - 10.4.7.2. Financial Performance
  - 10.4.7.3. Product Benchmarking
  - 10.4.7.4. Recent Developments/ Strategic Initiatives
- 10.4.8. Hamilton Beach Brands, Inc.
  - 10.4.8.1. Participant's Overview
  - 10.4.8.2. Financial Performance
  - 10.4.8.3. Product Benchmarking
  - 10.4.8.4. Recent Developments/ Strategic Initiatives
- 10.4.9. Koninklijke Philips N.V.
  - 10.4.9.1. Participant's Overview
  - 10.4.9.2. Financial Performance
  - 10.4.9.3. Product Benchmarking
  - 10.4.9.4. Recent Developments/ Strategic Initiatives
- 10.4.10. Panasonic Corporation
  - 10.4.10.1. Participant's Overview
  - 10.4.10.2. Financial Performance
  - 10.4.10.3. Product Benchmarking
  - 10.4.10.4. Recent Developments/ Strategic Initiatives
- 10.4.11. Transform SR Brands LLC (Kenmore)
  - 10.4.11.1. Participant's Overview
  - 10.4.11.2. Financial Performance
  - 10.4.11.3. Product Benchmarking
  - 10.4.11.4. Recent Developments/ Strategic Initiatives
- 10.4.12. Orient Electric
  - 10.4.12.1. Participant's Overview
  - 10.4.12.2. Financial Performance
  - 10.4.12.3. Product Benchmarking
  - 10.4.12.4. Recent Developments/ Strategic Initiatives

Electric Iron Market Size, Share & Trends Analysis Report By Function (Automatic, Non-Automatic), By Product, By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030