About Electric Steam Press
Electric steam press is used to iron the clothes and it offers clean professional results. By using electric steam press the pressing surface is seven times larger than most hand-held irons and reduces the ironing time. It is much better than the alternative of dry cleaning, which uses the harmful chemical perchloroethylene and this is projected the growth of the electric steam press market in the forecast period.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.The Vendors having a strong hold in the market are Spectrum Brands, Inc., BSH Hausgeräte GmbH, Crompton, and Bajaj Electricals Ltd.. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Electric Steam Press market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Spectrum Brands, Inc. (United States), BSH Hausgeräte GmbH (Germany), Crompton (India), Bajaj Electricals Ltd. (India), Anvid Products Inc. (United States), Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan), Orient Electric (India), Hamilton Beach Brands (United States) and Havells (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Steam Press market by Type (Automatic and Non-automatic), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Electric Steam Press has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Electric Steam Press market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Ironing Service on Account of its Affordable Prices
Market Growth Drivers:
Increasing Disposable Income of Families across the Globe and Rising Demand Among the Millennials to Look Well-Dressed
Challenges:
Electric Steam Press appliances can be large and cumbersome to store and handle, especially for individuals with limited space or strength.
Restraints:
Increasing Threat of Alternative Press Operations such as Electric Iron
Opportunities:
Continuous Product Renovations and Inclusion of Features that Creates Opportunities for Market
Market Leaders and their expansionary development strategies
In April 2021, Hillhouse Capital, a leading equity firm, completed the acquisition of Philips home appliances business. The acquisition aims to expand its home appliances segment in new markets and increase growth opportunities.
In June 2023, GM Modular, renowned for its excellence in the electrical and modular switch industries, is embarking on a new venture by expanding its business into the home appliances sector. With a strong desire to establish a prominent presence in this category, GM Modular plans to introduce a diverse range of clothing irons that combine utility, advanced technology, durability, and style to meet the contemporary needs of discerning customers.
Key Target Audience
Electric Steam Press Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.