Electric Iron Market Report and Forecast 2024-2032

Market Outlook

According to this report, the global electric iron market size reached a value of USD 1.31 billion in 2023. Aided by the expansion of the hospitality sector, the market is projected to further grow at a CAGR of 7.4% between 2024 and 2032 to reach a value of USD 2.5 billion by 2032.

Electric irons, essential household appliances used for ironing clothes, have evolved significantly over the years. Modern electric irons come with advanced features such as steam burst, auto shut-off, temperature control, and non-stick soleplates, which enhance their efficiency and ease of use. The rising consumer inclination towards well-ironed, wrinkle-free clothes, driven by growing awareness about personal grooming and appearance, is propelling the demand for electric irons globally.

The burgeoning middle-class population, coupled with increasing disposable incomes, is driving the electric iron market growth. With improved living standards, consumers are increasingly investing in household appliances, including electric irons, to simplify household chores and maintain personal hygiene. Moreover, the rising trend of dual-income households is contributing to the market growth, as working individuals seek efficient and time-saving appliances for their daily tasks.

The expanding e-commerce sector also plays a significant role in propelling the electric iron market expansion. The convenience of online shopping, coupled with the availability of a wide range of products and attractive discounts, is encouraging consumers to purchase electric irons online. Additionally, the increasing penetration of smartphones and internet connectivity is further augmenting the market growth, as consumers increasingly rely on online platforms for their shopping needs.

The growing awareness about energy-efficient appliances is another key factor driving the electric iron market. Manufacturers are increasingly focusing on developing energy-efficient electric irons to cater to the rising consumer demand for eco-friendly products. Energy-efficient electric irons not only reduce electricity consumption but also offer cost savings to consumers, thereby driving their adoption.

As per the global electric iron market analysis, the commercial sector also significantly contributes to the electric iron market growth. Electric irons are extensively used in hotels, laundries, dry cleaners, and garment factories for ironing large volumes of clothes. The growing hospitality and tourism industry, coupled with the increasing demand for professional laundry services, is propelling the demand for commercial-grade electric irons. Moreover, the rising trend of organized retail and fashion industry is further augmenting the market growth, as garment manufacturers and retailers increasingly invest in high-quality electric irons to maintain the appearance and quality of their products.

Technological advancements in electric irons are also driving the global electric iron market development. Manufacturers are incorporating innovative features such as self-cleaning systems, anti-drip technology, and digital displays in electric irons to enhance their functionality and user experience. The increasing focus on product innovation and the launch of technologically advanced electric irons are expected to drive the market growth further.

The increase in disposable incomes, particularly in developing economies, is driving the demand for household appliances, including electric irons. Improved living standards and the growing middle-class population are contributing to the market dynamics. The rising awareness about personal grooming and appearance is propelling the demand for electric irons. Consumers increasingly prefer well-ironed, wrinkle-free clothes, driving the market growth.

Technological advancements in electric irons, such as the incorporation of innovative features like self-cleaning systems, anti-drip technology, and digital displays, are enhancing their functionality and user experience, thereby driving the market growth. The convenience of online shopping, coupled with the availability of a wide range of products and attractive discounts, is encouraging consumers to purchase electric irons online, driving the market growth.

The global electric iron market is poised for significant growth in the coming years, driven by the rising demand for household appliances, the growing awareness about personal grooming, and the expanding e-commerce sector. The increasing focus on energy-efficient appliances and technological advancements in electric irons present growth opportunities for market players. However, the market faces challenges such as fluctuating raw material prices and intense competition. The key market players are focusing on product innovation and strategic collaborations to enhance their market presence and cater to the growing demand. The Asia Pacific region is expected to dominate the market, followed by North America and Europe.

Market Segmentation

The market can be divided based on type, application, distribution channel and region.

Market Breakup by Type

• Dry
• Steam

Market Breakup by Application

• Residential
• Commercial

Market Breakup by Distribution Channel

• Offline
• Online

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electric iron market. Some of the major players explored in the report are as follows:

• Koninklijke Philips N.V.
• Panasonic Holdings Corp
• Electrolux AB
• Crompton Greaves Consumer Electricals Ltd.
• SEB SA
• Usha International Ltd.
• Bajaj Electricals Ltd
• Stanley Black & Decker, Inc.
• Orient Electric Ltd
• Braun GmbH
• Others