The North America Electric Iron Market is expected to witness market growth of 7.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 4.13 million Units, showcasing a growth of 17.5% (2020-2023).
In the Electric Iron Market, the "Automatic" function represents a significant advancement that enhances user convenience and safety. This feature typically includes automatic shut-off capabilities, which are designed to turn the iron off after a specified period of inactivity. This is particularly beneficial for users who may forget to turn off their appliances after use, significantly reducing the risk of accidents and fire hazards. Thus, the Automatic segment in US market Consumed 2.52 million Units in 2023.
The US market dominated the North America 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 $438.2 Million by 2031. The Canada market is experiencing a CAGR of 9.9% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 9.1% during 2024-2031.
This market has evolved significantly, transitioning from a niche household product to a adopted essential across both residential and commercial sectors. Technological advancements, evolving consumer preferences, and broader socioeconomic factors, including urbanization, increasing disposable incomes, and the increasing significance of personal and professional appearance, have all contributed to this transformation.
These irons are a staple of modern homes, offering a convenient solution to maintaining the appearance and quality of clothing. The basic function of this iron is to remove wrinkles from fabric through heat and pressure. Over time, these irons have seen significant improvements in terms of design and functionality. Early models were simple, manually operated devices that required a significant amount of effort to use.
North America's market is expanding steadily due to a variety of factors, including the increasing popularity of energy-efficient and clever home appliances, urbanization, and rising disposable incomes. In the United States, the increasing prevalence of dual-income households is a significant factor contributing to the growing demand for them. Moreover, Mexico's increasing demand for these irons is largely driven by the growing urban population and rising disposable incomes. As more Mexicans enter cities and enter the formal workforce, the need for well-maintained, professional attire drives the demand for garment care products like electric irons. Additionally, the rise of e-commerce in Mexico, bolstered by government initiatives to expand digital infrastructure, has made these irons more accessible to consumers in urban and rural areas. Therefore, as North American households prioritize convenience, energy savings, and smart technologies, the demand for these irons in the region is expected to grow further.
In the Electric Iron Market, the "Automatic" function represents a significant advancement that enhances user convenience and safety. This feature typically includes automatic shut-off capabilities, which are designed to turn the iron off after a specified period of inactivity. This is particularly beneficial for users who may forget to turn off their appliances after use, significantly reducing the risk of accidents and fire hazards. Thus, the Automatic segment in US market Consumed 2.52 million Units in 2023.
The US market dominated the North America 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 $438.2 Million by 2031. The Canada market is experiencing a CAGR of 9.9% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 9.1% during 2024-2031.
This market has evolved significantly, transitioning from a niche household product to a adopted essential across both residential and commercial sectors. Technological advancements, evolving consumer preferences, and broader socioeconomic factors, including urbanization, increasing disposable incomes, and the increasing significance of personal and professional appearance, have all contributed to this transformation.
These irons are a staple of modern homes, offering a convenient solution to maintaining the appearance and quality of clothing. The basic function of this iron is to remove wrinkles from fabric through heat and pressure. Over time, these irons have seen significant improvements in terms of design and functionality. Early models were simple, manually operated devices that required a significant amount of effort to use.
North America's market is expanding steadily due to a variety of factors, including the increasing popularity of energy-efficient and clever home appliances, urbanization, and rising disposable incomes. In the United States, the increasing prevalence of dual-income households is a significant factor contributing to the growing demand for them. Moreover, Mexico's increasing demand for these irons is largely driven by the growing urban population and rising disposable incomes. As more Mexicans enter cities and enter the formal workforce, the need for well-maintained, professional attire drives the demand for garment care products like electric irons. Additionally, the rise of e-commerce in Mexico, bolstered by government initiatives to expand digital infrastructure, has made these irons more accessible to consumers in urban and rural areas. Therefore, as North American households prioritize convenience, energy savings, and smart technologies, the demand for these irons in the region is expected to grow further.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Electric Iron Market by Function
Chapter 5. North America Electric Iron Market by Product
Chapter 6. North America Electric Iron Market by Application
Chapter 7. North America Electric Iron Market by Distribution Channel
Chapter 8. North America Electric Iron Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 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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