Home » Electronic Components » Electric Iron Market Expected to Witness a CAGR of 8.3% through 2025: Grand View Research Inc.

Electric Iron Market Expected to Witness a CAGR of 8.3% through 2025: Grand View Research Inc.




The global?electric iron market?size is expected to reach USD 1.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.3% over the forecast period. Rising inclination among the millennials towards grooming well at a global level is boosting the market growth.

Electric irons have been modified to be lighter in weight, easier to use, energy efficient, and suitable to all kinds of fabrics. Advertisement and celebrity endorsements of these products have played a crucial role in making people aware of the product, its utility, resulting in the inclusion of the product in the daily lifestyle.

Manufacturers of electric iron have been investing in research and development of the product rapidly. Thus, it has resulted in releasing new products frequently with modified features and better efficiency. Organizations have understood the crucial role it plays in day to day life and to address the same, they have launched products that can be carried in the luggage while traveling. These products are small, lightweight, and chargeable, thereby making it compatible to be used during journey.

In April 2019, Xiaomi launched Lofans Cordless Steam Iron in China. The product is available for 199 Chinese Yuan. The cordless product comes with a charging stand, a switch to operate it, and adjustable gear to control its temperature. It consumes 200Watts of power and can be used in three modes: high, low, and dry. It consists of a 280ml water tank for steaming the clothes. The product needs to be preheated for 35 seconds and withholds heat for 2 minutes after being detached from the charger. The sole plate is made of diecast ceramic glazed aluminum. It can be heated up to 200 degree Celsius for ironing thick and heavily crushed clothes. The negative ion coating can reduce the high temperature fabric damage.

In March 2019, Tefal launched all-in-one iron and garment steamer IXEO QT1020. The product is expected to be much more efficient than regular steam product types. The product is available for GBP 290. It comes along with an adjustable and handy built in smart iron board. The board is inverted vertically for steaming and is kept horizontally for ironing. The iron works on one-temperature technology and thus, no adjustments are required.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-iron-market

Further key findings from the report suggest:

By product, the steam segment is expected to expand at the fastest CAGR of 8.5% from 2019 to 2025. Dry products contributed a revenue of USD 559.1 million in 2018
By function, the automatic segment is expected to expand at the fastest CAGR of 8.5% from 2019 to 2025
The commercial application segment accounted for 55.4% share of the global revenue in 2018
Online distribution channel is expected to expand at the fastest CAGR of 8.6% from 2019 to 2025.

Grand View Research has segmented the global electric iron market on the basis of product, function, application, distribution channel, and region:

Electric Iron Product Outlook (Revenue, USD Million, 2015 – 2025)

Dry
Steam

Electric Iron Function Outlook (Revenue, USD Million, 2015 – 2025)

Automatic
Non-automatic

Electric Iron Application Outlook (Revenue, USD Million, 2015 – 2025)

Residential
Commercial

Electric Iron Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

Offline
Online

Electric Iron Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The?company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:?www.grandviewresearch.com





Posted by on 16. September 2019. Filed under Electronic Components. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Archive

Recent Comments

    © 2020 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia


    Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de