The global Electric Iron market was valued at US$ 883.6 million in 2020 and is expected to reach US$ 1223.6 million by the end of 2027, growing at a CAGR of 4.7% during 2021-2027.
Electric iron is a tool for leveling clothes and fabrics, and the power is generally between 300-1000W. Its type can be divided into: ordinary type, temperature control type, steam spray type and so on. Ordinary irons have a simple structure, they are inexpensive, and are easy to manufacture and maintain. Adjustable temperature iron can automatically adjust the temperature within the range of 60-250 °C and automatically cut off the power according to the different materials used in the appropriate temperature to iron than the average type to save power. The steam spray type electric iron has both temperature control function and steam generation, and some of it is equipped with a spray device, which eliminates the trouble of artificial water spraying, and the clothing material has more uniform wetting and better ironing effect.
First of all, the growth of the global electric iron is expected to witness a significant growth over the forecast period owing to constant innovation efforts of manufacturers to attract consumers. Customers attach importance to appearance and they are interested in wrinkle-free clothes, especially for commuters who need to wear suit every single day. The price of electric iron is cheap and cheerful, people find it easy to purchase. They do not have to go to cleaning stores to make clothes wrinkle-free. It is estimated that in the Asia-Pacific region especially in China, the demand for the product is expected to grow in forecast period.
Global Electric Iron Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Iron Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Philips, Bajaj Electricals, Usha Electricals, Panasonic, Electrolux Home Products, Tefal and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electric-iron-market-outlook
Segment by Type
- Dry Iron
- Steam Iron
- Travelling Iron
- Garment Steamer
- Cordless Iron
Segment by Application
- Home Use
- Commercial
Table of Content:
1 Electric Iron Market Overview
2 Electric Iron Market Competition by Manufacturers
3 Electric Iron Retrospective Market Scenario by Region
4 Global Electric Iron Historic Market Analysis by Type
5 Global Electric Iron Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Iron Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Iron Market Dynamics
10 Global Electric Iron Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.