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Electric Iron Market Size, Share & Trends Analysis Report By Function (Automatic, and Non-Automatic), By Product (Steam, and Dry), By Application, By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 330 Pages
  • October 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6020409
The Global Electric Iron Market size is expected to reach $2.5 billion by 2031, rising at a market growth of 7.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 40.76 million Units experiencing a growth of 18.4% (2020-2023).

The Asia Pacific segment recorded 36% revenue share in the electric iron market in 2023. This can be attributed to the region's large and expanding population, as well as the growing purchasing power of consumers in emergent economies like China and India. In Asia, the demand for domestic appliances, such as electric irons, has been fuelled by rapid urbanization and the expanding middle class. Thus, the Asia Pacific segment would acquire 25.28 million Units in 2023.



As people experience higher earnings, they have greater purchasing power to invest in home appliances that enhance their quality of life. This trend is particularly evident in countries undergoing economic growth, where a burgeoning middle class prioritizes acquiring essential household goods, including these irons. These consumers are transitioning from manual ironing methods, such as coal irons or outsourcing laundry, to more efficient irons that offer convenience and better results. Hence, this trend highlights how economic growth in developing nations directly correlates with adopting modern, energy-efficient, and feature-rich irons, driving overall market expansion.

Additionally, the accelerating pace of global urbanization profoundly impacts the demand for home appliances, including these irons. As more people move from rural areas to cities, there is a notable shift towards smaller nuclear families, especially in urban settings where space is often limited. This demographic change is creating a growing demand for compact, efficient household appliances that cater to the needs of modern, space-conscious living environments. Thus, the global trends of urbanization and the rise of middle-class households are significant factors propelling the growth of this iron market.

However, With advancements in textile manufacturing, a wide range of fabrics are available that either resist wrinkles or require minimal care to maintain their appearance. These fabrics appeal to busy consumers who seek convenience and efficiency in their daily routines. As a result, the traditional need for frequent ironing has diminished, as garments made from these materials tend to remain smooth and presentable without using an iron. Hence, this growing preference for easy-care fabrics poses a long-term challenge for this iron industry.

Driving and Restraining Factors

Drivers
  • Increase In Household Disposable Incomes
  • Urbanization And The Growth Of Middle-Class Households
  • Energy Efficiency And Environmental Awareness
Restraints
  • Shift Toward Wrinkle-Free And Easy-Care Fabrics
  • Market Saturation In Developed Regions
Opportunities
  • Growth Of The Textile And Fashion Industry
  • Expanding Hospitality And Service Industries
Challenges
  • Price Sensitivity In Emerging Markets
  • Concerns About Safety And Durability

Function Outlook

Based on function, this market is bifurcated into automatic and non-automatic. The non-automatic segment procured 46% revenue share in the electric iron market in 2023. Often simpler and more affordable, these irons attract consumers in developed and emerging markets, particularly among price-sensitive buyers. Non-automatic irons, which require manual temperature and steam control adjustments, appeal to customers prioritizing cost-effectiveness over advanced functionalities. In terms of volume, the segment would register 40.76 million Units in 2023.

Product Outlook

On the basis of product, this market is classified into dry and steam. The dry segment recorded 45% revenue share in the electric iron market in 2023. Dry irons, which do not rely on steam, are still favored by a considerable portion of the market, particularly in regions where simpler, more affordable models are in demand. These irons are often lightweight and easy to use, making them suitable for basic ironing needs.



Application Outlook

By application, this market is divided into residential and commercial. The residential segment garnered 45% revenue share in this market in 2023. This is primarily due to household demand for personal ironing needs. While the adoption of wrinkle-free fabrics and casual wear has reduced the overall frequency of ironing in many homes, many consumers still view an electric iron as an essential household appliance. In terms of volume, the segment would register 40.76 million Units in 2023.

Distribution Channel Outlook

Based on distribution channel, this market is segmented into online and offline. The online segment acquired 25% revenue share in the electric iron market in 2023. The convenience of online shopping has been a big factor in the growth of the online market segment. Customers are able to browse a wide range of brands and models, read reviews, and compare prices without having to leave the comfort of their own homes, which has contributed to the growing popularity of online shopping.

Regional Outlook

Region-wise, this market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 26% revenue share in this market in 2023. The region's mature market, characterized by high household appliance ownership, continues to generate demand, particularly for upgraded or technologically advanced electric irons. While market saturation may limit growth in some areas, the consistent need for home improvement products and replacing older appliances with more energy-efficient or feature-rich models contribute to steady demand.

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
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
  • Steam
  • Dry
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
  • Commercial
  • Residential
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
  • Offline
  • Online
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Electric Iron Market, by Function
1.4.2 Global Electric Iron Market, by Product
1.4.3 Global Electric Iron Market, by Application
1.4.4 Global Electric Iron Market, by Distribution Channel
1.4.5 Global Electric Iron Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Electric Iron Market by Function
4.1 Global Automatic Market by Region
4.2 Global Non-Automatic Market by Region
Chapter 5. Global Electric Iron Market by Product
5.1 Global Steam Market by Region
5.2 Global Dry Market by Region
Chapter 6. Global Electric Iron Market by Application
6.1 Global Commercial Market by Region
6.2 Global Residential Market by Region
Chapter 7. Global Electric Iron Market by Distribution Channel
7.1 Global Offline Market by Region
7.2 Global Online Market by Region
Chapter 8. Global Electric Iron Market by Region
8.1 North America Electric Iron Market
8.1.1 North America Electric Iron Market by Function
8.1.1.1 North America Automatic Market by Region
8.1.1.2 North America Non-Automatic Market by Region
8.1.2 North America Electric Iron Market by Product
8.1.2.1 North America Steam Market by Country
8.1.2.2 North America Dry Market by Country
8.1.3 North America Electric Iron Market by Application
8.1.3.1 North America Commercial Market by Country
8.1.3.2 North America Residential Market by Country
8.1.4 North America Electric Iron Market by Distribution Channel
8.1.4.1 North America Offline Market by Country
8.1.4.2 North America Online Market by Country
8.1.5 North America Electric Iron Market by Country
8.1.5.1 US Electric Iron Market
8.1.5.1.1 US Electric Iron Market by Function
8.1.5.1.2 US Electric Iron Market by Product
8.1.5.1.3 US Electric Iron Market by Application
8.1.5.1.4 US Electric Iron Market by Distribution Channel
8.1.5.2 Canada Electric Iron Market
8.1.5.2.1 Canada Electric Iron Market by Function
8.1.5.2.2 Canada Electric Iron Market by Product
8.1.5.2.3 Canada Electric Iron Market by Application
8.1.5.2.4 Canada Electric Iron Market by Distribution Channel
8.1.5.3 Mexico Electric Iron Market
8.1.5.3.1 Mexico Electric Iron Market by Function
8.1.5.3.2 Mexico Electric Iron Market by Product
8.1.5.3.3 Mexico Electric Iron Market by Application
8.1.5.3.4 Mexico Electric Iron Market by Distribution Channel
8.1.5.4 Rest of North America Electric Iron Market
8.1.5.4.1 Rest of North America Electric Iron Market by Function
8.1.5.4.2 Rest of North America Electric Iron Market by Product
8.1.5.4.3 Rest of North America Electric Iron Market by Application
8.1.5.4.4 Rest of North America Electric Iron Market by Distribution Channel
8.2 Europe Electric Iron Market
8.2.1 Europe Electric Iron Market by Function
8.2.1.1 Europe Automatic Market by Country
8.2.1.2 Europe Non-Automatic Market by Country
8.2.2 Europe Electric Iron Market by Product
8.2.2.1 Europe Steam Market by Country
8.2.2.2 Europe Dry Market by Country
8.2.3 Europe Electric Iron Market by Application
8.2.3.1 Europe Commercial Market by Country
8.2.3.2 Europe Residential Market by Country
8.2.4 Europe Electric Iron Market by Distribution Channel
8.2.4.1 Europe Offline Market by Country
8.2.4.2 Europe Online Market by Country
8.2.5 Europe Electric Iron Market by Country
8.2.5.1 Germany Electric Iron Market
8.2.5.1.1 Germany Electric Iron Market by Function
8.2.5.1.2 Germany Electric Iron Market by Product
8.2.5.1.3 Germany Electric Iron Market by Application
8.2.5.1.4 Germany Electric Iron Market by Distribution Channel
8.2.5.2 UK Electric Iron Market
8.2.5.2.1 UK Electric Iron Market by Function
8.2.5.2.2 UK Electric Iron Market by Product
8.2.5.2.3 UK Electric Iron Market by Application
8.2.5.2.4 UK Electric Iron Market by Distribution Channel
8.2.5.3 France Electric Iron Market
8.2.5.3.1 France Electric Iron Market by Function
8.2.5.3.2 France Electric Iron Market by Product
8.2.5.3.3 France Electric Iron Market by Application
8.2.5.3.4 France Electric Iron Market by Distribution Channel
8.2.5.4 Russia Electric Iron Market
8.2.5.4.1 Russia Electric Iron Market by Function
8.2.5.4.2 Russia Electric Iron Market by Product
8.2.5.4.3 Russia Electric Iron Market by Application
8.2.5.4.4 Russia Electric Iron Market by Distribution Channel
8.2.5.5 Spain Electric Iron Market
8.2.5.5.1 Spain Electric Iron Market by Function
8.2.5.5.2 Spain Electric Iron Market by Product
8.2.5.5.3 Spain Electric Iron Market by Application
8.2.5.5.4 Spain Electric Iron Market by Distribution Channel
8.2.5.6 Italy Electric Iron Market
8.2.5.6.1 Italy Electric Iron Market by Function
8.2.5.6.2 Italy Electric Iron Market by Product
8.2.5.6.3 Italy Electric Iron Market by Application
8.2.5.6.4 Italy Electric Iron Market by Distribution Channel
8.2.5.7 Rest of Europe Electric Iron Market
8.2.5.7.1 Rest of Europe Electric Iron Market by Function
8.2.5.7.2 Rest of Europe Electric Iron Market by Product
8.2.5.7.3 Rest of Europe Electric Iron Market by Application
8.2.5.7.4 Rest of Europe Electric Iron Market by Distribution Channel
8.3 Asia Pacific Electric Iron Market
8.3.1 Asia Pacific Electric Iron Market by Function
8.3.1.1 Asia Pacific Automatic Market by Country
8.3.1.2 Asia Pacific Non-Automatic Market by Country
8.3.2 Asia Pacific Electric Iron Market by Product
8.3.2.1 Asia Pacific Steam Market by Country
8.3.2.2 Asia Pacific Dry Market by Country
8.3.3 Asia Pacific Electric Iron Market by Application
8.3.3.1 Asia Pacific Commercial Market by Country
8.3.3.2 Asia Pacific Residential Market by Country
8.3.4 Asia Pacific Electric Iron Market by Distribution Channel
8.3.4.1 Asia Pacific Offline Market by Country
8.3.4.2 Asia Pacific Online Market by Country
8.3.5 Asia Pacific Electric Iron Market by Country
8.3.5.1 China Electric Iron Market
8.3.5.1.1 China Electric Iron Market by Function
8.3.5.1.2 China Electric Iron Market by Product
8.3.5.1.3 China Electric Iron Market by Application
8.3.5.1.4 China Electric Iron Market by Distribution Channel
8.3.5.2 Japan Electric Iron Market
8.3.5.2.1 Japan Electric Iron Market by Function
8.3.5.2.2 Japan Electric Iron Market by Product
8.3.5.2.3 Japan Electric Iron Market by Application
8.3.5.2.4 Japan Electric Iron Market by Distribution Channel
8.3.5.3 India Electric Iron Market
8.3.5.3.1 India Electric Iron Market by Function
8.3.5.3.2 India Electric Iron Market by Product
8.3.5.3.3 India Electric Iron Market by Application
8.3.5.3.4 India Electric Iron Market by Distribution Channel
8.3.5.4 South Korea Electric Iron Market
8.3.5.4.1 South Korea Electric Iron Market by Function
8.3.5.4.2 South Korea Electric Iron Market by Product
8.3.5.4.3 South Korea Electric Iron Market by Application
8.3.5.4.4 South Korea Electric Iron Market by Distribution Channel
8.3.5.5 Australia Electric Iron Market
8.3.5.5.1 Australia Electric Iron Market by Function
8.3.5.5.2 Australia Electric Iron Market by Product
8.3.5.5.3 Australia Electric Iron Market by Application
8.3.5.5.4 Australia Electric Iron Market by Distribution Channel
8.3.5.6 Malaysia Electric Iron Market
8.3.5.6.1 Malaysia Electric Iron Market by Function
8.3.5.6.2 Malaysia Electric Iron Market by Product
8.3.5.6.3 Malaysia Electric Iron Market by Application
8.3.5.6.4 Malaysia Electric Iron Market by Distribution Channel
8.3.5.7 Rest of Asia Pacific Electric Iron Market
8.3.5.7.1 Rest of Asia Pacific Electric Iron Market by Function
8.3.5.7.2 Rest of Asia Pacific Electric Iron Market by Product
8.3.5.7.3 Rest of Asia Pacific Electric Iron Market by Application
8.3.5.7.4 Rest of Asia Pacific Electric Iron Market by Distribution Channel
8.4 LAMEA Electric Iron Market
8.4.1 LAMEA Electric Iron Market by Function
8.4.1.1 LAMEA Automatic Market by Country
8.4.1.2 LAMEA Non-Automatic Market by Country
8.4.2 LAMEA Electric Iron Market by Product
8.4.2.1 LAMEA Steam Market by Country
8.4.2.2 LAMEA Dry Market by Country
8.4.3 LAMEA Electric Iron Market by Application
8.4.3.1 LAMEA Commercial Market by Country
8.4.3.2 LAMEA Residential Market by Country
8.4.4 LAMEA Electric Iron Market by Distribution Channel
8.4.4.1 LAMEA Offline Market by Country
8.4.4.2 LAMEA Online Market by Country
8.4.5 LAMEA Electric Iron Market by Country
8.4.5.1 Brazil Electric Iron Market
8.4.5.1.1 Brazil Electric Iron Market by Function
8.4.5.1.2 Brazil Electric Iron Market by Product
8.4.5.1.3 Brazil Electric Iron Market by Application
8.4.5.1.4 Brazil Electric Iron Market by Distribution Channel
8.4.5.2 Argentina Electric Iron Market
8.4.5.2.1 Argentina Electric Iron Market by Function
8.4.5.2.2 Argentina Electric Iron Market by Product
8.4.5.2.3 Argentina Electric Iron Market by Application
8.4.5.2.4 Argentina Electric Iron Market by Distribution Channel
8.4.5.3 UAE Electric Iron Market
8.4.5.3.1 UAE Electric Iron Market by Function
8.4.5.3.2 UAE Electric Iron Market by Product
8.4.5.3.3 UAE Electric Iron Market by Application
8.4.5.3.4 UAE Electric Iron Market by Distribution Channel
8.4.5.4 Saudi Arabia Electric Iron Market
8.4.5.4.1 Saudi Arabia Electric Iron Market by Function
8.4.5.4.2 Saudi Arabia Electric Iron Market by Product
8.4.5.4.3 Saudi Arabia Electric Iron Market by Application
8.4.5.4.4 Saudi Arabia Electric Iron Market by Distribution Channel
8.4.5.5 South Africa Electric Iron Market
8.4.5.5.1 South Africa Electric Iron Market by Function
8.4.5.5.2 South Africa Electric Iron Market by Product
8.4.5.5.3 South Africa Electric Iron Market by Application
8.4.5.5.4 South Africa Electric Iron Market by Distribution Channel
8.4.5.6 Nigeria Electric Iron Market
8.4.5.6.1 Nigeria Electric Iron Market by Function
8.4.5.6.2 Nigeria Electric Iron Market by Product
8.4.5.6.3 Nigeria Electric Iron Market by Application
8.4.5.6.4 Nigeria Electric Iron Market by Distribution Channel
8.4.5.7 Rest of LAMEA Electric Iron Market
8.4.5.7.1 Rest of LAMEA Electric Iron Market by Function
8.4.5.7.2 Rest of LAMEA Electric Iron Market by Product
8.4.5.7.3 Rest of LAMEA Electric Iron Market by Application
8.4.5.7.4 Rest of LAMEA Electric Iron Market by Distribution Channel
Chapter 9. Company Profiles
9.1 Koninklijke Philips N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Bajaj Electricals Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expenses
9.3 Panasonic Holdings Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Crompton Greaves Consumer Electricals Limited
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Havells India Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Orient Electric Limited (CK Birla Group)
9.6.1 Company Overview
9.7 GE Appliances
9.7.1 Company Overview
9.8 Eveready Industries India Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.9 BSH Hausgerate GmbH (Robert Bosch Gmbh)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.10. Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Product and Regional Analysis
9.10.4 Regional Analysis
9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives for Electric Iron Market

Companies Mentioned

Some of the key companies profiled in this 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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