The Asia Pacific Electric Iron Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 22,879.1 Thousand Units, showcasing a growth of 19.1% (2020-2023).
Steam irons are a prominent product in the electric iron market, designed to simplify the process of removing wrinkles from fabrics. Utilizing steam technology, these irons release bursts of steam that penetrate fabric fibers, effectively loosening wrinkles and creases, making ironing quicker and more efficient. Unlike traditional dry irons, steam irons typically feature adjustable steam settings, allowing users to customize the amount of steam based on the fabric type. Thus, the Steam Segment in China market consumed 3,726.47 Thousand Units in 2023.
The China market dominated the Asia Pacific Electric Iron Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $260.5 Million by 2031. The Japan market is registering a CAGR of 7.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9.2% during (2024 - 2031).
Urbanization fosters the growth of apartment complexes and high-rise residential buildings, where shared laundry services are common. In such settings, individual households often rely on these irons to maintain the appearance of their clothing without the need for full-scale laundry services. This further drives the demand for affordable yet efficient irons, particularly in middle-income neighborhoods where affordability is key.
Technological advancements in these irons have also played a significant role in driving market growth. Manufacturers are consistently developing new features to accommodate the changing demands of consumers, including automatic shut-off, intelligent temperature regulation, and anti-drip systems. Some irons now integrate smart technology, allowing users to control the device remotely through smartphone apps.
China's demand for these irons is witnessing significant growth, driven by the country’s massive urban population and the increasing focus on personal grooming and appearance. As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. Australians are increasingly seeking energy-efficient, smart appliances to align with the country’s environmental consciousness, driving the growth of these irons with smart controls and energy-saving modes. Thus, as the Asia Pacific region continues to urbanize and adopt more advanced home technologies, the demand for these irons is expected to grow steadily.
Free Valuable Insights: The Global Electric Iron Market is Predict to reach USD 2.5 Billion by 2031, at a CAGR of 7.9%
Based on Function, the market is segmented into Automatic, and Non-Automatic. Based on Product, the market is segmented into Steam, and Dry. Based on Application, the market is segmented into Commercial, and Residential. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Function (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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