Global Portable Iron Market

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

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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)

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. 'AUX', 'KONKA', 'Midea', 'FLEXWARM', 'Deerma, DeTi', 'PHILIPS', 'LittleDuck', 'OBOVAY', 'CHIGO', 'Royalstar', 'DAEWOO', 'SUPOR', 'SteamOne', 'BRAUN', 'Kosiehouse', 'Steamfast', 'Lemontec'

The growing popularity of home-based laundry services is expected to drive the growth of the 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 portable iron market.

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.

North America held the largest share of the portable iron market in 2021 and it is expected to dominate the 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.

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