The global garment steamer market is driven by factors such as increasing demand for technology-driven appliances in the past few years along with the adoption of smart domestic appliances by global consumers.
PORTLAND, Ore., July 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Garment Steamer Market by Type (Handheld and Upright), End User (Residential and Commercial), and Sales Channel (Supermarkets/Hypermarkets, Brand Outlets, Retail Stores, E-commerce, and Others), Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global garment steamer industry generated $2.5 billion in 2022, and is anticipated to generate $4.0 billion by 2032, witnessing a CAGR of 5.0% from 2023 to 2032.
Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/106007
Prime determinants of growth
The global garment steamer market is driven by factors such as introduction of technological advancements and emergence of e-commerce as a sales channel. However, the high energy consumption and increasing availability of counterfeit products restricts market growth. Moreover, increasing awareness of the product offers new opportunities in the coming years.
Report coverage & details:
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2022 | $2.4 billion |
Market Size in 2032 | $4.0 billion |
CAGR | 5.0 % |
No. of Pages in Report | 275 |
Segments covered | Type, End User, Sales Channel, and Region |
Drivers | Technological advancement Convenience and Efficiency Emergence of E-commerce |
Opportunities | Increasing awareness of the product |
Restraints | High energy consumption High availability of counterfeit products |
LIMITED-TIME OFFER – Buy Now & Get Exclusive 15 % Discount on this Report
https://www.alliedmarketresearch.com/checkout-final/7ad3949ef2b1fc736136ff71c9c3d991
The upright segment to maintain its leadership status throughout the forecast period
Based on type, the upright segment dominated the market in 2022 accounting for nearly three-fifths of the market share and is expected to dominate the market during the forecast period, owing to The increased need for effective and efficient fabric care solutions in both household and business settings. Upright garment steamers are a strong and adaptable way to remove wrinkles and freshen a variety of materials, including clothes, curtains, and upholstery. However, the handheld segment is projected to manifest the highest CAGR of 5.5% from 2022 to 2031.
The residential segment to maintain its lead position during the forecast period
On the basis of the end user, the residential segment dominated the market in 2022 accounting for more than two-fifths of the market share and is expected to maintain its dominance during the forecast period. There is an increase in the demand for fabric maintenance and cleaning appliances among household end users owing to changes in lifestyle and an increase in disposable income. Customers are opting for advanced and sophisticated built-in garment steamers, to enhance the effectiveness and provide time-saving solutions. However, the commercial segment is projected to manifest the highest CAGR of 5.7% from 2022 to 2031.
The e-commerce segment to maintain its lead position during the forecast period
On the basis of the sales channel, the e-commerce segment dominated the market in 2022 accounting for nearly one-third of the market share and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 6.2% from 2022 to 2031. Consumers currently prefer to purchase small appliances online since it is easy and offers a wide variety of brands that are not accessible in stores. Consumers are becoming aware of different purchasing trends that exist in society with the improvement in technology and internet services becoming more readily available.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global garment steamer market revenue and is likely to dominate the market during the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 5.8% from 2022 to 2031. Fabric care appliances are in high demand because of rising discretionary income and shifting habits among consumers in the region. More families are embracing sophisticated fabric care technologies to satisfy their clothing maintenance demands as economies expand and urbanization develops
Want to Access the Statistical Data and Graphs, Key Players' Strategies:: https://www.alliedmarketresearch.com/purchase-enquiry/106007
Leading Market Players: -
- Conair Corporation
- Panasonic Corporation
- Pursteam
- Groupe SEB
- Jiffy Steamer
- Reliable Corporation
- Electrolux AB
- Koninklijke Philips N.V.
- Haier Group Corporation
- Midea Group
The report provides a detailed analysis of these key players in the global garment steamer market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports We Have on Consumer Goods Industry:
- Canada Garments Steamer Market Opportunity Analysis and Industry Forecast, 2022-2032
- Mexico Garments Steamer Market Opportunity Analysis and Industry Forecast, 2022-2032
- Europe Garments Steamer Market Opportunity Analysis and Industry Forecast, 2022-2032
- UK Garments Steamer Market Opportunity Analysis and Industry Forecast, 2022-2032
- Russia Garments Steamer Market Opportunity Analysis and Industry Forecast, 2022-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/consumer-goods
Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-garment-steamer-market-to-reach-4-0-billion-by-2032-at-5-0-cagr-allied-market-research-301876450.html
Voltar noticias em Inglês