Published on: November 21, 2019
The electric iron market is witnessing steady growth driven by advancements in production methodologies and effective marketing techniques. Electric irons play a vital role in leveling clothes and fabrics, offering convenience and efficiency to users. Technological innovations and increasing demand for energy-efficient products are helping to drive the market, as are factors such as changing lifestyle patterns and the rise of online shopping.
Types of iron include dry irons and steam irons, and they are available with varying power levels (such as 300W and 1000W irons. Temperature control type and steam spray type irons are popular due to their versatility. Consumer segments include households, tailors, providers of laundry services, and shops.
Several trends are shaping the electric iron market, including the development of high-power irons with smart heating capabilities, steam functionalities, and temperature control features. There is also a growing emphasis on energy efficiency, lightweight designs, and innovative solutions for wrinkle removal.
Key drivers of the electric iron market include the rising demand for well-groomed appeal among the working population, the convenience of time-saving features, and the increasing popularity of laundry services. The development of burn-free ironing processes and tailored solutions for different fabric types are also helping to drive market growth.
Maintaining competitive production costs while incorporating advanced features can be a challenge for manufacturers, as can addressing safety concerns related to burns and the life of fabrics, and meeting the aesthetic preferences of consumers. But there are also opportunities in the electric iron market, particularly in catering to changing lifestyle patterns and the increasing demand for lightweight, energy-saving, and maintenance-friendly products. Manufacturers can capitalize on lucrative growth opportunities by offering innovative solutions for wrinkle removal, continuous steam functionalities, and cordless charging options.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America accounts for a significant percentage of the global market, with a wide variety of products available to consumers with different features and applications. APAC shows the fastest growth as electrification reaches small and remote areas and manufacturers offer efficient and affordable products.
Technavio's electric iron industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our electric iron market reports include:
In order to provide you with a comprehensive view of the electric iron industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the electric iron market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
Our in-depth knowledge of the electric iron market is built on decades of experience and a global network of industry experts. We know the importance of having a strong foundation on which to base important decisions, and with over 500 analysts located around the world, we deliver actionable insights for every segment of the market.
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
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