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Global Ironers Market Trends and Opportunities Report 2024
Global Ironers Market Trends
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According to The Business Research Company's, The ironers 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 in the historic period can be attributed to changing lifestyles, fashion trends, population growth, urbanization, rising disposable income.
The ironers 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%. The growth in the forecast period can be attributed to increased awareness of apparel care, eco-friendly products, smart home integration, global economic trends, changing household structures. Major trends in the forecast period include wireless and cordless ironing solutions, user-friendly controls and interfaces, integration with home automation systems, fast-heating technologies, quiet operation features.
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Market Drivers and Trends:
Rapid Urbanization is expected to contribute to the growth of the ironers market in the forecast period. Globally, the percentage of the population living in urban areas is expected to reach 68% by 2050. The growth in the urban population coupled with the increasing demand among the millennials to look well-dressed, rise in disposable incomes, and increasing affordability among residents of cities will drive the demand for electric ironers.
Major companies operating in the electric ironers market are developing innovative ironers such as CAMILA MEGGY Chest Heated Flatwork Ironer to drive their revenues in the market. CAMILA MEGGY Chest Heated Flatwork Ironer is a diathermic oil mangle with reverse double chests compact machine that can dry, iron, fold, counter-fold, and stack up linen. For instance, in November 2022, TOLKAR, a Turkey-based company that manufactures electric ironers launched CAMILA MEGGY Chest Heated Flatwork Ironer. The ironer has an in-built sheet folder that provide high heat conduction efficiency, excellent heating performance, and long service life for an excellent ironing experience. Additionally, the ironer is also equipped with advanced features such as a self-folding chest heat ironer with feeder and stacker.
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Major Key Players of the Market:
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.
Ironers Market 2024 Key Insights:
• The ironers 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%.
• Urbanization Wave Fueling The Future Of The Electric Ironers Market
• Increasing Focus On Product Innovations To Drive The Revenues In The Market
• Asia-Pacific was the largest region in the electric ironers market in 2023
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