The Europe Electric Iron Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 5,286.8 Thousand Units, showcasing a growth of 16.1% (2020-2023).
In the Electric Iron Market, non-automatic irons refer to manual models that require users to adjust settings and operate the device without automated features. These irons typically include dry and steam types, allowing users to control the temperature and steam output based on the fabric being ironed. Non-automatic irons are favored for their simplicity, reliability, and affordability, making them an attractive option for budget-conscious consumers or those who prefer hands-on control over their ironing tasks. Thus, the non- automatic segment in Germany market consumed 749.97 Thousand Units in 2023.
The Germany market dominated the Europe Electric Iron Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $162.3 Million by 2031. The UK market is exhibiting a CAGR of 6.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.4% during (2024 - 2031).
One of the major factors driving the growth of this market is the rising demand for modern, feature-rich appliances. Consumers today are more discerning about their products, seeking appliances that offer greater convenience and better performance. For instance, the popularity of these irons with steam functionality has increased as a result of their capacity to effectively eliminate wrinkles and creases from a variety of fabrics.
The move towards smaller family units in urban areas also influences the types of these irons in demand. With limited living space in urban homes and apartments, consumers opt for compact and multi-functional appliances that are easy to store and use. In response, manufacturers are developing portable irons that are space-saving and suitable for urban households.
In the United Kingdom, the demand for these irons has been rising due to high replacement rates and the increasing popularity of smart appliances. British consumers frequently upgrade their household appliances, with over 60% of homes replacing at least one major appliance every three to five years, according to the Office for National Statistics (ONS). This results in a consistent demand for more recent models that include sophisticated features, such as automatic temperature control and steam options. Additionally, the U.K. government’s focus on reducing carbon emissions and promoting energy-efficient products under programs like Energy Savings Trust has encouraged consumers to opt for irons with energy-saving technologies. Therefore, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Global Electric Iron Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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