Ironers Global Market Report 2024

The Ironer s market size has grown strongly in recent years. It will grow from $0.87 billion in 2023 to $0.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be attributed to various factors, including shifts in lifestyles and fashion trends, population growth, urbanization, and the increase in disposable income among consumers. These elements collectively contributed to the expansion of the Ironer market.

The Ironer s market size is expected to see steady growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. Forecasted growth is driven by increased apparel care awareness, eco-friendly product demand, smart home integration, global economic trends, and evolving household structures. Key trends include wireless/cordless ironing, user-friendly controls, home automation integration, fast-heating tech, and quiet operation features.

Rapid urbanization is poised to be a significant contributor to the expansion of the Ironer s market in the projected timeframe. The global urban population is anticipated to reach 68% by 2050, reflecting a notable shift towards urban living. This trend, coupled with the growing inclination among millennials to maintain a well-dressed appearance, rising disposable incomes, and increased affordability in urban areas, is expected to fuel the demand for Ironer s.

The burgeoning textile industry is anticipated to drive the growth of the Ironer s market in the foreseeable future. The textile industry, a vital segment of the global economy encompassing textile production, manufacturing, and processing, relies on Ironer s to eliminate wrinkles and creases from fabrics. Ironer s offer various advantages to the textile industry, including heightened efficiency, reduced labor costs, improved quality, and enhanced safety standards. For example, in May 2023, Textile World reported that textile and apparel exports from the United States amounted to $34 billion in 2022, showcasing a notable increase from $28.4 billion in the previous year. This underscores the pivotal role of the growing textile industry in propelling the Ironer s market.

The Ironer s market is expected to face constraints due to the increasing demand for online on-demand laundry services in the forecast period. The on-demand laundry services market is poised to benefit from a stable economic growth outlook in various developed and developing countries. The International Monetary Fund (IMF) reported a global real GDP growth of 3.7% between 2019 and 2020 and projected a growth of 3.6% from 2021 to 2023. Emerging markets are anticipated to experience slightly faster growth than developed markets during this period. For instance, the World Bank indicated that China's GDP grew by approximately 8.1% in 2021. The combination of stable economic growth, increasing internet penetration, growing disposable income, and individuals' busy lifestyles is expected to drive the demand for on-demand laundry services, thereby limiting the growth of the Ironer s market.

Major companies are introducing innovative ironers such as the CAMILA MEGGY Chest Heated Flatwork Ironer to enhance their market presence and revenues. The CAMILA MEGGY Chest Heated Flatwork Ironer is a diathermic oil mangle with reverse double chests, offering a compact machine capable of drying, ironing, folding, counter-folding, and stacking up linen. For instance, in November 2022, TOLKAR, a Turkey-based company specializing in Ironer s, launched the CAMILA MEGGY Chest Heated Flatwork Ironer. This ironer features an in-built sheet folder, providing high heat conduction efficiency, excellent heating performance, and a long service life for an exceptional ironing experience. Additionally, the ironer is equipped with advanced features such as a self-folding chest heat ironer with feeder and stacker.

The market has witnessed a surge in the popularity of smart home ironers, representing devices connected to other smart technologies through the internet, Bluetooth, near-field communication (NFC), and Wi-Fi. The increasing demand for smart homes, coupled with rising internet and smartphone penetration, along with initiatives for energy efficiency, has contributed to the growing adoption of smart appliances. The expansion of Internet of Things (IoT) technology further facilitates the advancement of smart appliances. For instance, smart ironers are equipped with an accelerometer chip that automatically powers off the iron when in an idle state. Additionally, Bluetooth-enabled ironers offer users real-time insights into the iron's status, including temperature, power usage, and more, accessible on their mobile phones and other Bluetooth-enabled devices.

Major companies operating in the Ironer s market report are China Telecom Corporation Limited, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, NTT Communications Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Orange S.A., Telefónica S.A., Ericsson AB, ZTE Corporation, CenturyLink Inc., IZZI Telecomunicaciones S.A.B. de C.V., SK Telecom Co. Ltd., Altice USA Inc., ARRIS International PLC, Foxtel Management Pty Limited, Sky Deutschland AG, Iliad S.A., Sterlite Technologies Limited, Viaccess-Orca SAS, Cablecom Holding AG, Verimatrix Inc., MatrixStream Technologies Inc., Mediaroom Holding AB, Tripleplay Services Limited, CoreTrust Inc., Necro IPTV, Akamai Technologies Inc., Moftak Solutions, Megacable S.A. de C.V., Nokia Corporation, Amino Communications Ltd., Anevia SAS, Ateme SAS, Broadpeak, Edgeware AB, Harmonic Inc., Minerva Networks Inc., Netgem S.A.

Asia-Pacific was the largest region in the Ironer s market in 2023. Western Europe was the second-largest region in the global Ironer s market. The regions covered in the ironers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the Ironer s market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primary product types of Ironer s include dry irons, steam irons, and garment steamers. Steam irons generate steam from added water, aiding in removing creases from clothes. Ironers may feature automatic or non-automatic functions and are distributed through both online and offline channels for commercial and residential purposes.

The Ironer s market research report is one of a series of new reports that provides Ironer s market statistics, including Ironer s industry global market size, regional shares, competitors with Ironer s market share, detailed Ironer s market segments, market trends and opportunities, and any further data you may need to thrive in the Ironer s industry. This Ironer s market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Ironer market consists of sales of dry iron, steam iron, and garment steamers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.