The global garments steamer market size is expected to reach
USD 3.36 billion by 2025 registering a CAGR of 5.41%, according to a new report
by Grand View Research, Inc. The impact of e-commerce channels, rising number
of convenience and specialty stores, and demand for efficient appliances
provide huge growth opportunities for the market. Increased spending on the
advanced consumer appliances, especially in garment care sector, is also
estimated to drive the market. Moreover, high demand for fabric care products
in Asia Pacific region along with rise in sales of multi-functional products
used in the industry is likely to support market development.
A number of leading manufacturers and
distributors are entering the industry due to rising demand as a result of
higher product efficiency and reliability than flat irons. This is also
anticipated to contribute to the market growth. The Asia Pacific market is
anticipated to witness the fastest CAGR from 2019 to 2025 due to the advent of
innovative products along with high demand for advanced home appliances.
Growing consumer awareness about multi-functional products will also fuel the
product demand in the region.
Key companies are focusing on product
developments and capacity expansion through acquisitions and M&A to
increase their market share, which, in turn, will support the market growth.
For instance, in March 2019, Rowenta launched new IXEO steamer with an advanced
ergonomic design for home applications. Some of the leading companies include
Haier Group Corp., Koninklijke Philips N.V, Rowenta, Chigo, Midea Group Co.
Ltd., Conair, Jiffy Steamer, AB Electrolux, Panasonic Marketing Middle East &
Africa FZE, Shanghai Flyco Electrical Appliance Co. Ltd, and Pursteam.
For full research report on Garments
Steamer Market visit here: https://www.grandviewresearch.com/industry-analysis/garment-steamer-market
Further key
findings from the study suggest:
- In terms of revenue, clothes application
segment is projected to lead the global market over the forecast period
- Offline distribution channel was the dominant
segment in 2018 and will retain its leading position throughout the
forecast years
- Europe was the dominant regional garments
steamer market in 2018. However, Asia Pacific will register the fastest
CAGR from 2019 to 2025 due to increasing disposable income levels in
emerging countries like India and China
- The industry is highly competitive in nature.
Some of the prominent companies include Haier Group Corporation,
Koninklijke Philips N.V, Rowenta, Chigo, Midea Group Co., Ltd., Conair,
Jiffy Steamer, AB Electrolux
- These companies are focusing on capacity
expansion and technological and product innovation to estimate existing
and future demand patterns from upcoming product segments to gain
competitive edge
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/garment-steamer-market/request/rs1
Grand
View Research has segmented the global garments steamer market on the basis of
application, distribution channel, and region:
Garment
Steamer Application Outlook (Revenue, USD Million, 2015 - 2025)
- Clothes
- Curtains
- Carpets
- Others
Garment
Steamer Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Garment
Steamer Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment