According to the report by Expert Market Research (EMR), the global electric iron market size reached a value of USD 1.35 billion in 2023. Aided by the global emphasis on garment care and the rising standards of personal appearance, the market is projected to further grow at a CAGR of 7.4% between 2024 and 2032 to reach a value of USD 2.38 billion by 2032.
Electric irons have become an indispensable tool in modern households, smoothing out wrinkles to maintain a neat and professional appearance for clothing. The evolution of electric irons from basic temperature-controlled models to advanced versions featuring steam bursting, auto-shutoff, and cordless technology illustrates the market’s adaptability to consumer needs and technological advancements.
The primary driver behind the surge in the electric iron market growth is the growing global focus on personal appearance and hygiene, coupled with the increasing disposable income among the middle class. This demographic shift encourages consumers to invest in high-quality home appliances that offer convenience and efficiency. Additionally, the burgeoning textile sector, which demands precise and efficient ironing solutions for garment finishing, significantly contributes to market expansion.
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Innovation and product diversification play a crucial role in stimulating the electric iron market. Manufacturers are continually introducing smarter, more energy-efficient models with features such as vertical steaming, self-cleaning, and digital displays to enhance user experience and cater to evolving consumer preferences. The integration of smart technology, allowing for remote control and customisation of ironing settings via smartphones, is a testament to the market’s forward-thinking approach.
The market also benefits from the rising trend of sustainable and eco-friendly appliances. Consumers are increasingly aware of their environmental footprint, prompting manufacturers to develop energy-efficient irons that consume less electricity and are made from recyclable materials which boosts the eco-efficient electric iron market share. This shift towards sustainability not only addresses environmental concerns but also aligns with global energy conservation efforts, further boosting market growth.
As per the electric iron market analysis, the Asia-Pacific region, led by countries such as China and India, is the largest market due to its vast population, rising living standards, and growing textile sector. Europe and North America follow, driven by high disposable incomes, consumer demand for advanced home appliances, and environmental sustainability initiatives.
Electric Iron Market Segmentation
The market can be divided based on type, application, distribution channel, and region.
Market Breakup by Type
- Dry
- Steam
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Electric Iron Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electric iron market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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