Irons - ASEAN
ASEAN- In 2024, the revenue generated in the Irons market amounts to a staggering US$663.10m.
- Looking ahead, the market is projected to experience an annual growth rate of 4.38% (CAGR 2024-2029).
- When comparing this market globally, it is noteworthy that China leads the way with a revenue of US$2bn in 2024.
- Taking into account the total number of households, it is estimated that each household will generate a revenue of US$4.57 in 2024.
- This indicates the significant market potential in the ASEAN region.
- Moving on to volume, it is expected that the Irons market will reach a volume of 15.5m pieces by 2029.
- In the coming year, 2025.0, a volume growth of 2.2% is anticipated.
- This suggests a positive trend in the market.
- When considering the average volume per household in the Irons market, it is projected to be 0.10pieces in 2024.
- This figure provides insights into the consumption patterns and demand within the ASEAN market.
- In ASEAN, the demand for advanced steam irons is rising due to the region's strong textile and garment manufacturing industry.
- Key regions:
- Worldwide,
- China,
- Indonesia,
- India,
- United States
Definition: The market for irons includes a variety of electric models designed for household use, such as steam irons, dry irons, and cordless irons. These devices are intended to facilitate the process of ironing clothes and other fabrics.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Electric irons
Out-Of-Scope
- Non-electric irons
- Ironing boards
- Ironing systems
