Steam Iron Market size was valued at USD 1,372.5 million in 2022, growing at an X% CAGR from 2023 to 2029. Steaming irons are the latest type of ironing technique. According to The Laundress, steaming your clothes not only gets out wrinkles but also kills odour-causing bacteria, keeping clothes fresh in between washes perfect for items that you can’t wash frequently (or at all) or are dry clean only. By providing moisture, the steam makes the process a bit less damaging than dry straightening. The increase in the textile industry is the major factor influencing the growth of steamers in the market, as ironing with dry plate irons cause burn marks to the clothes and damages the cloth, in the case of user-friendly steamers the damages due to ironing decreases which enhance the demand for steam irons in the market. As compared to electric ironing a new trend for steamers is launched which covers 40% market share in the ironing industry. Steam iron benefited various segments of end users like laundry, industrial cloth manufacturers, and residential ironing. The entries of a local and small manufacturers of steamers are diluting the market steam iron market which makes. Geographically, North America held the major market share in 2022 and is expected to dominate the Steam Iron Market in the forecasted years.
Steam Iron Market Key Developments:
In December 2022, Inalsa Appliances launched “Inalsa-Swiftix Garment Steamer” this is a 1600 watts steamer that comes with Rapid Even Heat technology for best results. With the fast heat-up technology, this steamer helps you save a lot of time, especially when you are running late.
In January 2023, Philips launched “Philips Handheld Steamer” this steamer is perfect for vertical and horizontal steaming purposes for all types of fabrics and clothing. It’s a lightweight garment steamer that comes with a Smart Flow heated plate for the best results.
Fastest Growing Market
The increasing number of laundry and textile industries across the world is the major market driver in the Steam Iron Market over the forecast period. Changing lifestyle and new fashion trends influence the use of ironing garments, for efficient techniques, steam ironing make it easy to iron the garments. The steam irons market is particularly based on types such as automatic and manual, these segments of iron are highly in demand, enhancing the market growth of the steam iron market.
The global steam iron market was valued at usd 1,372.5 million in 2022, growing at an xx% cagr from 2023 to 2029
The leading players in the Steam Iron Market are; Bajaj Electronics, Whirlpool, Hamilton Beach, Electrolux Appliances, General Electrics, Usha Electricals, Panasonic, Philips Electricals, Rowenta, Samsung, Tafel, Pigeon corporation, Black and Decker Inc., Havells Electricals and Others.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023 – 2029.