Electric Iron Market Size, Segments, and Growth by 2031

MARKET INTRODUCTION

An electric iron is an appliance that is used to press clothes. Electric iron remove creases and wrinkle fast and reduces the ironing time also help to prevent the spread of infectious diseases. The growing interest of consumers in maintaining a well-groomed appearance is driving the growth of the electric iron market. Moreover, increasing usage of laundry services is also positively impacting the growth of the electric iron market.

MARKET DYNAMICS

An increase in urbanization and the growing shifting of consumers from traditional irons towards innovative steam generator irons are the major driving factor for the growth of the electric iron market. Further, continuous technological innovation in electric irons such as smart heating and steam, high power, and energy efficiency irons are expected to boom the growth of the electric iron market during the forecast period.

MARKET SCOPE

The "Global Electric Iron Market Analysis to 2031" is a specialized and in-depth study of the Electric iron industry with a special focus on the global market trend analysis. The report aims to provide an overview Electric iron market with detailed market segmentation as product, distribution channel, application, and geography. The global electric iron market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric iron market players and offers key trends and opportunities in the electric iron market.

MARKET SEGMENTATION

The global electric iron market is segmented on the basis of product, distribution channel, application. On the basis of product the market is segmented as dry, steam. On the basis of distribution channel the market is segmented as offline, online. On the basis of application the market is segmented as residential, commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric iron market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Electric iron market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting electric iron market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric iron market in these regions.

MARKET PLAYERS

The reports cover key developments in the electric iron market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electric iron market are anticipated to lucrative growth opportunities in the future with the rising demand for electric iron in the global market. Below mentioned is the list of few companies engaged in the electric iron market.

The report also includes the profiles of key electric iron companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   BSH Home Appliances
  
•   Groupe SEB
  
•   Hamilton Beach
  
•   Impex Technologies
  
•   Koninklijke Philips N.V.
  
•   Morphy Richards
  
•   Panasonic Corporation
  
•   Rowenta
  
•   Stanley Black & Decker, Inc.
  
•   Transform SR Brands LLC (Kenmore)
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electric Iron Report Scope