The Asia Pacific Electric Iron Market is expected to witness market growth of 8.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 22.87 million Units, showcasing a growth of 19.1% (2020-2023).
Steam irons are a prominent product in the electric iron market, designed to simplify the process of removing wrinkles from fabrics. Utilizing steam technology, these irons release bursts of steam that penetrate fabric fibers, effectively loosening wrinkles and creases, making ironing quicker and more efficient. Unlike traditional dry irons, steam irons typically feature adjustable steam settings, allowing users to customize the amount of steam based on the fabric type. Thus, the Steam Segment in China market consumed 3.72 million Units in 2023.
The China market dominated the Asia Pacific Electric Iron Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $260.5 Million by 2031. The Japan market is registering a CAGR of 7.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.2% during 2024-2031.
Urbanization fosters the growth of apartment complexes and high-rise residential buildings, where shared laundry services are common. In such settings, individual households often rely on these irons to maintain the appearance of their clothing without the need for full-scale laundry services. This further drives the demand for affordable yet efficient irons, particularly in middle-income neighborhoods where affordability is key.
Technological advancements in these irons have also played a significant role in driving market growth. Manufacturers are consistently developing new features to accommodate the changing demands of consumers, including automatic shut-off, intelligent temperature regulation, and anti-drip systems. Some irons now integrate smart technology, allowing users to control the device remotely through smartphone apps.
China's demand for these irons is witnessing significant growth, driven by the country’s massive urban population and the increasing focus on personal grooming and appearance. As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. Australians are increasingly seeking energy-efficient, smart appliances to align with the country’s environmental consciousness, driving the growth of these irons with smart controls and energy-saving modes. Thus, as the Asia Pacific region continues to urbanize and adopt more advanced home technologies, the demand for these irons is expected to grow steadily.
Steam irons are a prominent product in the electric iron market, designed to simplify the process of removing wrinkles from fabrics. Utilizing steam technology, these irons release bursts of steam that penetrate fabric fibers, effectively loosening wrinkles and creases, making ironing quicker and more efficient. Unlike traditional dry irons, steam irons typically feature adjustable steam settings, allowing users to customize the amount of steam based on the fabric type. Thus, the Steam Segment in China market consumed 3.72 million Units in 2023.
The China market dominated the Asia Pacific Electric Iron Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $260.5 Million by 2031. The Japan market is registering a CAGR of 7.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.2% during 2024-2031.
Urbanization fosters the growth of apartment complexes and high-rise residential buildings, where shared laundry services are common. In such settings, individual households often rely on these irons to maintain the appearance of their clothing without the need for full-scale laundry services. This further drives the demand for affordable yet efficient irons, particularly in middle-income neighborhoods where affordability is key.
Technological advancements in these irons have also played a significant role in driving market growth. Manufacturers are consistently developing new features to accommodate the changing demands of consumers, including automatic shut-off, intelligent temperature regulation, and anti-drip systems. Some irons now integrate smart technology, allowing users to control the device remotely through smartphone apps.
China's demand for these irons is witnessing significant growth, driven by the country’s massive urban population and the increasing focus on personal grooming and appearance. As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. Australians are increasingly seeking energy-efficient, smart appliances to align with the country’s environmental consciousness, driving the growth of these irons with smart controls and energy-saving modes. Thus, as the Asia Pacific region continues to urbanize and adopt more advanced home technologies, the demand for these irons is expected to grow steadily.
List of Key Companies Profiled
- Koninklijke Philips N.V.
- Bajaj Electricals Limited
- Panasonic Holdings Corporation
- Crompton Greaves Consumer Electricals Limited
- Havells India Ltd.
- Orient Electric Limited (CK Birla Group)
- GE Appliances
- Eveready Industries India Ltd.
- BSH Hausgeräte GmbH (Robert Bosch Group)
- Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company)
Market Report Segmentation
By Function (Volume, Thousand Units, USD Billion, 2020-2031)- Automatic
- Non-Automatic
- Steam
- Dry
- Commercial
- Residential
- Offline
- Online
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Electric Iron Market by Function
Chapter 5. Asia Pacific Electric Iron Market by Product
Chapter 6. Asia Pacific Electric Iron Market by Application
Chapter 7. Asia Pacific Electric Iron Market by Distribution Channel
Chapter 8. Asia Pacific Electric Iron Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia Pacific Electric Iron Market include:- Koninklijke Philips N.V.
- Bajaj Electricals Limited
- Panasonic Holdings Corporation
- Crompton Greaves Consumer Electricals Limited
- Havells India Ltd.
- Orient Electric Limited (CK Birla Group)
- GE Appliances
- Eveready Industries India Ltd.
- BSH Hausgeräte GmbH (Robert Bosch Group)
- Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company)
Methodology
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