Portable Iron Market is predicted to reach USD 237.9 billion at a CAGR of 5.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Portable Iron Market”.

The Portable Iron market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Portable Iron market— Koninklijke Philips N.V., Panasonic Corporation, Conair Corporation, Sunbeam Products, Inc. ROWENTA S.A.S, Hamilton Beach Brands, Inc., Spectrum Brands, Inc. (RussellHobbs), Bajaj Electricals Ltd., PurSteam USA, and Vornado Air, LLC (Brand Steamfast)

Market Highlights

The global portable iron market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 237.9 Billion by 2032.

The portable iron market is thriving due to its convenience and efficiency for on-the-go garment care. Consumers' busy lifestyles and travel needs are boosting the demand for compact, lightweight, and cordless irons with advanced steam and heat technologies.

Segment Analysis

The global portable iron market has been segmented into iron type, soleplate type and distribution channel.

On the basis of iron type, the market is segmented into dry and steam. Dry segment dominated the global market in 2022. This is due to the fact that a steam-based device includes an integrated water tank and sprayer, which adds weight and causes leaking issues, making this type more transportable.

Based on soleplate type, the global portable iron market has been segmented into stainless steel, ceramic, and others (titanium etc.). Stainless steel segment dominated the global Portable Iron market in 2022. This is because steel is more resilient to wear and strain, better at conducting heat, and more durable than other materials.

Based on distribution channel, the global portable iron market has been segmented into offline and online. Offline segment dominated the global market in 2022. This might be the case since offline stores let buyers check a product's weight and other details like whether a water tank or a steam engine is operating.

Access full report @ https://www.marketresearchfuture.com/reports/portable-iron-market-12021

Regional Analysis

The global portable iron market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Portable Iron market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Portable Iron market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Portable Iron market comprises of Middle East, Africa, and Latin America.

The North America portable iron market dominated this market in 2022 (45.80%). This region's residents are more prone to use technologically advanced comfort and convenience gadgets, and they are also more willing to pay more for the same products. For instance, the average household expenditure in Canada for appliances was roughly USD 420.68 in 2013 and increased to approximately USD 517.90 in 2017, per Statistics Canada's "Survey of Household Spending," which was published in December 2018.

Moreover, from 2023 to 2032, the Europe portable iron market is anticipated to experience considerable expansion. Demand for the goods is increased because the area sees more people wearing formal attire. Formal attire is essential for numerous occasions, such as conferences, weddings, funerals, and business parties.

Additionally, in 2022, the Asia Pacific portable iron market held a sizable market share. This could be attributed to the businesses in the area expanding quickly as a result of increased globalization. Because more businesses are developing contacts abroad as a result of this problem, there are more business visits.

Furthermore, the rest of the world's portable iron market is divided into the Middle East, Africa, and Latin America. The portable iron market in Latin America is thriving, driven by the region's busy lifestyle and increased travel. Compact and cordless irons with advanced steam and heat technologies are gaining popularity among consumers who seek convenient garment care solutions for their on-the-go needs.

Key Findings of the Study

• The global portable iron market is expected to reach USD 237.9 Billion by 2032, at a CAGR of 5.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rising globalization.


• Based on distribution channel, the offline segment was attributed to holding the largest market in 2022.


• Koninklijke Philips N.V., Panasonic Corporation, Conair Corporation, Sunbeam Products, Inc. ROWENTA S.A.S, Hamilton Beach Brands, Inc., Spectrum Brands, Inc. (RussellHobbs), Bajaj Electricals Ltd., PurSteam USA, and Vornado Air, LLC (Brand Steamfast)