Global Electric Irons Market Overview:
An electric Iron is a general household appliance used to press the wrinkles out of the clothes. It works on the basis that the combination of heat and pressure removes wrinkles. Electric iron has a daily household item that is used and required by each individual. These irons come with temperature control and timed turn-off features that prevent burning clothes. As per the source, in 2020, 722 K units of steam irons were in France. As per a survey, in Spain, 910 thousand people spent USD 23-58 on irons in 2019. The rising demand for electric iron in the working-class will drive market growth. Some of the players profiled in the study are Bajaj Electricals Ltd. (India), Stanley Black & Decker, Inc. (United States), BSH Hausgeräte GmbH (Germany), Eveready Industries India Ltd. (India), Groupe SEB (France), Hamilton Beach Brands Holding Company (United States), Havells India Ltd. (India), Crompton (India), Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan) and Haier Group Corporation (China).
On the basis of geography, the market of Electric Irons 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 Type, the sub-segment i.e. Cordless will boost the Electric Irons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline will boost the Electric Irons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Voltage, the sub-segment i.e. Upto 500 V will boost the Electric Irons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Per Capita Disposable Income
- Rise In Sales From E-Commerce Channel
Influencing Trend
- Electric Irons With Digital Display And Other Technologies
Restraints
- Need Of Electricity To Use, Not Child Friendly
Opportunities
- Growing In Popularity Of Garment Steamers
- Rising Popularity Of Ironing Services
Challenges
- Availability Of Alternative Products
Key Market Developments:
In January 2019, Alderon Iron Ore and Kami Mine together signed a Memorandum of Understanding (MOU) with Schneider Electric. This MOU enables Kami Mine to evaluate the lease or purchase of equipment from Schneider Electric for use in the Kami iron ore project.
Target Audience:
New Entrants/Investors, Analysts and Strategic Business Planners, Electric Iron Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global Electric Irons market on the basis of product [Dry and Steam] , application [Home Use and Commercial Use], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Electric Irons market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Electric Irons industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Orient Electric Limited BSE (India), Sears Brands, LLC (United States), Jaipan Industries Limited (India), SharkNinja Operating LLC (United States), Huayu Electrical Appliance Group Co Ltd (China) and Guangdong Longde Group Co Ltd (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Electric Irons market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.