USD 143.86 billion
Global Portable Iron Market Size, Share, Growth Analysis, By Product type(Normal Type, Thermostat Type) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2035 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
37 |
Figures:
71
Global Portable Iron Market Insights
Portable Iron Market size was valued at USD 143.86 billion in 2019 and is poised to grow from USD 153.22 billion in 2023 to USD 217.06 billion by 2031, at a CAGR of 6.51% during the forecast period (2024-2031)
Perfectly ironed clothing is considered a measure of tidiness and is thus extremely important in both professional and personal life. The portable iron is a useful and personal item that can be used to keep clothes neat and clean without having to rely on outside ironing services. Because it is small, the mini iron takes up little space in the bag; additionally, a carry pouch is included to keep the product safe. As a result, this sleek device can be easily transported anywhere, increasing its demand. A growing number of players are offering irons that can operate in both dry and steam modes, allowing the same iron to be used for different types of clothing such as silk and cotton.
To meet the varied demands of customers, manufacturers are developing new models that are more useful, such as lighter weight, greater power with foldable handles, cordless nature, and nonstick soleplates. Panasonic, for example, sells a 'Cordless 360° Freestyle Steam/Dry Portable Iron,' which is a cordless appliance designed for quilters, sewing groups, and crafters. Traveling has increased dramatically among the population for a variety of reasons, including corporate and vacation tours.
The mini ironing device is ideal for people who travel frequently and do not have time to send their clothes to the laundry. Furthermore, manufacturers are designing this device with a dual voltage setting so that it can be used anywhere in the world without the use of a voltage converter. For example, ROWENTA SAS offers the FIRST CLASS DA1510 portable iron, which can be used anywhere in the world because it can operate on both 240V and 140V voltages. Such developments are increasing consumer demand for products.
US Portable Iron Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Normal Type
Fastest Growth
Normal Type
Growth Rate
6.51% CAGR
portable iron market , 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
portable iron market Size By Product Type, 2021-2028 ($ Bn)
portable iron market Size By Product Type, 2021-2028 (%)
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Global Portable Iron Market Segmental Analysis
Global Portable Iron Market is segmented based on the Product type, application and region. Based on product type, the market is segmented into Normal Type, Thermostat Type, Steam Type, and Others. Based on application, the market is segmented into Home, Dry cleaners, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Portable Iron Market Analysis by Product Type
Based on product type, The most common type of portable iron is the Normal Type. It is a simple device that heats up with electrical power and then transfers that heat to the fabric via contact. Normal types typically have two settings, low and high, that allow you to control how much heat is applied to the fabric. They are simple to use and reasonably priced, making them a popular choice for home use.
Portable irons with thermostat-style temperature controls allow you to set the precise temperature you need for various fabrics. This keeps the fabric from being damaged by excessive heat. Thermostats are more expensive than standard thermostats, but they provide more flexibility and can be used on a wider range of fabrics.
Whereas, Steam-type portable irons employ steam to disable wrinkles from fabric. They have a reservoir of water that is used to generate steam. Steam ironing is a quick and effective way to remove wrinkles, but controlling the amount of steam applied to the fabric can be difficult. Steam irons are more expensive than other types of portable irons, but they have the advantage of being usable on a wider variety of fabrics.
Portable Iron Market Analysis by Application
Based on application, In the home, portable irons are commonly used to remove wrinkles from clothing. They are simple to operate and can be stored when not in use. Portable irons are a convenient way to remove wrinkles from clothing, but controlling the amount of heat applied to the fabric can be difficult. And Dry cleaners employ portable irons to disable wrinkles from clothing. They can regulate the amount of heat applied to the fabric, preventing it from being damaged. Dry cleaners typically use steam-type portable irons because they can be used on a wider variety of fabrics.
portable iron market By Product Type, 2021 (%), 2023 (%)
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Global Portable Iron Market Regional Insights
North America held the largest share of the global portable iron market in 2021 and it is expected to dominate the global market during the forecast period. People in this region are more likely to use technologically advanced appliances that provide ease and convenience, and they are willing to pay more for them. According to Statistics Canada's 'Survey of Household Spending,' published in December 2018, the average expenditure on household appliances per household in Canada was approximately US$ 420.68 in 2013, increasing to approximately US$ 517.90 in 2017. Furthermore, product demand is higher in the region due to increased use of formal wear. Formal attire is required for a variety of occasions, including meetings, conferences, corporate parties, weddings, and funerals. Furthermore, the number of students living alone and away from home is increasing in the region, which is driving product demand because they must appear properly dressed for college conferences, events, and various competitions.
The Asia Pacific region is expected to experience rapid growth in the global market. This is due to increased globalisation, which has resulted in strong growth for several businesses throughout the region. This factor is responsible for increased international company tie-ups and, as a result, an increase in the number of business tours. As a result, because this product is useful when travelling, this factor is likely to boost product demand in the regions.
portable iron market By Product Type, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Portable Iron Market Dynamics
Portable Iron Market Drivers
Rising Popularity of Laundry Services to Boost Market Growth
- The growing popularity of home-based laundry services is expected to drive the growth of the global portable iron market. The growing number of working women and their hectic lifestyles are driving up demand for laundry services. Portable irons have the advantage of quickly and easily removing wrinkles from clothing. They are also simple to store and can be used on a variety of fabrics. During the forecast period, this is expected to fuel the growth of the global portable iron market.
Portable Iron Market Restraints
Risks associated with Portable Iron to Hinder Its Market Growth
- If the temperature is set too low, iron may leak or drip. You iron must become hot enough to convert water to steam. Allow iron to heat up for a few minutes before using it. then it should be Check user manual to ensure that the temperature setting on iron is hot enough for the steam function. So, the leakage issue caused by steam iron can hamper the market growth. Moreover, lower operation capacity rather than standard iron can be the restraint for the market growth.
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Global Portable Iron Market Competitive Landscape
Global portable iron market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Portable Iron Market Top Player's Company Profiles
- AUX
- KONKA
- Midea
- Deerma, DeTi
- LittleDuck
- OBOVAY
- CHIGO
- Royalstar
- DAEWOO
- SUPOR
- SteamOne
- Kosiehouse
- Steamfast
- Lemontec
Portable Iron Market Recent Developments
- In October 2021, WisTec Portable Garment Steamer produced a powerful steam burst of 1000-Watts, which deodorizes and disinfects your clothes and helps in removing creases of clothes, soft toys, curtains, bed-sheets, and so on.
Global Portable Iron Key Market Trends
- The iron has a compact design that can easily be integrated into a traveler's existing gear and will go to work offering up to 30-minutes of ironing per charge of the 5,200mAh battery pack contained within. The iron has a ceramic-coated soleplate that makes it easy to use on a variety of garment styles and materials. The Aipower Portable Steam Iron can also be used as a power bank, making it a dual-purpose device ideal for frequent travellers.
Global Portable Iron Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global portable iron market analysis, in terms of product type, the normal type segment held larger market share due to its flexible usage and in terms of application home segment contributed to the market expansion owing to its convenient usage. Moreover, the rising travelling sector is the key factor in the market growth. Whereas, leakage issues of steam iron can hamper the market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 143.86 billion |
| Market size value in 2031 | USD 217.06 billion |
| Growth Rate | 6.51% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Portable Iron Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Portable Iron Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Portable Iron Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Portable Iron Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Portable Iron Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Portable Iron Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Portable Iron Market Report Snapshots
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