The Garment Steamer Market is Expected To Grow at a CAGR of Over 5% During the Forecast Period 2019-2025
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The garment steamer market is witnessing a significant rise in demand in the professional and residential end-users worldwide. Increasing diversification, coupled with demand for reliability in the appliances inventory, is expected to contribute to the long-term value of professional users. Changing lifestyles and the increasing availability of steamers via online channels are likely to open new avenues for high-end apparel maintenance, thereby favorably impacting the garment steamer market growth.
The upright garment steamer segment is expected to witness significantly higher demand than other segments. Garment steamer is witnessing demand from the retail sector on account of efficient steam capabilities. These appliances help storekeepers to maintain a large quantity of apparel with ease and convenience. Europe will continue its market dominance during the forecast period. However, APAC is expected to witness strong traction in demand for garment steamer by 2025 on account of increased disposable incomes, product innovations, and rapid growth of the e-commerce sector. The vendor landscape is expected to be highly consolidated.
The following factors are likely to contribute to the growth of the garment steamer market during the forecast period:
- Increased Spending on Advanced Consumer Appliances
- Increasing Marketing and Promotional Activities
- Advancements in Technology and Innovative Solutions
- Growth in the Retail industry
The study considers the present scenario of the global garment steamer market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.
Garment Steamer Market: Segmentation
This research report includes detailed segmentation by product, application, model type, pricing type, distribution channels, and geography. Handheld appliances are effective and viable options for travelers to keep their clothing wrinkle-free and fresh. They come in ergonomic designs, with steady grips, which enable an individual to handle them effortlessly. One of the significant factors contributing to the growth of the segment is convenience and compactness.
Rapid expansion in the retail sector is expected to propel the demand for garment care appliances. Garment steamers are mainly designed to deodorize and sanitize apparel. Vendors are launching new products/appliances, which are CSA approved and prove to be a perfect/viable choice for the steaming process. These appliances are expected to witness a steady increase in the home interiors segment. Nowadays, these appliances are being designed for personal usage, which helps in easy removal of wrinkles, thereby giving a refreshing look to clothes. Handheld steamers are mostly preferred appliances in the residential sector.
Vendors in the fashion industry are expected to introduce several appropriate devices for making the fabric more appealing/presentable to consumers. With advances in technology, appliances such as garment steamers are gaining significant demand among fashion collectors.
Premium models are finding increasing usage in the high-end professional dry-cleaning segment. These models have large applications in the media and film industry as these appliances enhance and refresh apparel looks. Premium appliances offer value for money as they provide excellent performance and results. Europe is expected to emerge as a major market for garment steamers during the forecast period.
In terms of revenue, the mass-market model segment is expected to cross over a $1 billion mark during the forecast period. Retail outlet chains and homeowners proficiently use mass-market models. These models are preferred as they can be used for steaming and straightening clothes on daily purposes. Also, the cost-effectiveness offered by these models is likely to drive the adoption in the residential sector.
A large number of retail outlets or stores are opting for commercial garment steamer to remove wrinkles, crease out clothes at stores conveniently, and straighten drapes and curtains; hence, large-scale retailers are expected to increase the adoption of these streamers during the forecast period. Professional and residential end-users mainly opt for mid-sized appliances as they offer ease of use and high operationality among end-users. However, these machines also help in maintaining the fabric quality, thereby increasing the application. Mini-handheld models are portable models, which are growing in demand due to convenience, compactness, and lightweight, which make them an ideal choice among travelers.
Market Segmentation by Product
- Upright
- Handheld
Market Segmentation by Application
- Retail
- Fashion
- Hospitality
- Healthcare
- Home interiors
- Others
Market Segmentation by Model Type
- Commercial Floor
- Mid-sized Model
- Mini Hand-held Model
Market Segmentation by Pricing Type
- Premium
- Mid-end
- Mass-market Model
Market Segmentation by Distribution
- Retail
- Online
Insights by Geography
North America, which is led by the US, where appliances have a profound usage in retail outlets and the fashion industry and the tourism sector, is contributing to the growth. With the changing lifestyles and busy schedules, the trend of garment care appliances is expected to witness an increase in the market. Europe is one of the major factors favorably impacting the demand in the market due to the increasing trend of using convenient and hassle-free products. Factors such as portability, efficiency, flexibility, along with the convenience offered by steamers in comparison to traditional and conventional modes of ironing methods are expected to bolster the demand in the APAC region.
Changing diversified demographic trends, ranging from improvements in living standards to the aging population, are expected to impact the overall spending preferences of users, thereby opening new prospects for the garment care appliances sector in Latin America. The MEA market is in the nascent stage of growth. The increasing number of e-commerce channels, coupled with the growing demand for efficient appliances, is expected to propel the demand in the region. Saudi Arabia and the UAE are considered to be centers for retail activities in the region.
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Nordic Countries
- APAC
- China
- Australia
- Japan
- South Korea
- India
- Latin America
- Brazil
- Argentina
- Mexico
- MEA
- South Africa
- Saudi Arabia
- UAE
Insights by Vendors
The global garment steamer market is highly concentrated with the presence of several local and global players in the market. The competition is intense. The rapidly changing technological scenario could adversely affect vendors as customers expect continual innovations and upgrades. Manufacturers are emphasizing on identifying opportunities, thereby setting up certain goals to achieve productivity and efficient usage of capital resources. The present scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong presence.
One of the key strategies implemented by vendors includes the introduction of differentiated products and solutions. Hence, companies strive to offer differentiated channels for distribution and better product mix, thereby catering to the changing needs and requirements of the target customers in the market.
Key Vendors
- Electrolux
- Groupe SEB
- Koninklijke Philips
- Panasonic
Other Prominent Vendors
- 1byone
- AICOK
- Bear Down Brands
- Conair Corporation
- Domu Brands
- Econoco
- Elite Steam & Garment Machines
- Epica
- Fridja Limited
- GlenDimplex
- Haier Group
- Hamilton Beach Brands Holding Company
- Havells India
- Jiffy Steamer
- Joy
- Midea
- Newell Brands
- Propress
- PurSteam
- Reliable Corporation
- Russel Hobbs
- SALAV
- SharkNinja Operating
- SimplyLife Home
- Stanley Black & Decker
- Steam & Go
- Steamfast
- Storebound
- SVP Worldwide
- Taurus Group
- Usha International
Key Market Insights
- The analysis of the garment steamer market provides sizing and growth opportunities for the forecast period 2019-2025.
- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
- Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
- Delivers a complete overview of segments and the regional outlook of the market.
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process
Samples
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Companies Mentioned
- Electrolux
- Groupe SEB
- Koninklijke Philips
- Panasonic
- 1byone
- AICOK
- Bear Down Brands
- Conair Corporation
- Domu Brands
- Econoco
- Elite Steam & Garment Machines
- Epica
- Fridja Limited
- GlenDimplex
- Haier Group
- Hamilton Beach Brands Holding Company
- Havells India
- Jiffy Steamer
- Joy
- Midea
- Newell Brands
- Propress
- PurSteam
- Reliable Corporation
- Russel Hobbs
- SALAV
- SharkNinja Operating
- SimplyLife Home
- Stanley Black & Decker
- Steam & Go
- Steamfast
- Storebound
- SVP Worldwide
- Taurus Group
- Usha International
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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