Irons - Bhutan
Bhutan- In 2024, the revenue generated in the Irons market in Bhutan amounts to a substantial US$841.70k.
- It is projected that this market will experience an annual growth rate of 5.00%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
- When compared globally, it is noteworthy that China generates the highest revenue in this segment, reaching a staggering US$2bn in 2024.
- In terms of household income, the per household revenue in Bhutan is estimated to be US$4.90 in 2024.
- This figure provides an indication of the economic activity within the Irons market relative to the total number of households in the country.
- Looking towards the future, by 2029, the volume of the Irons market is expected to reach 19.2k pieces units.
- Furthermore, a growth rate of 2.6% is anticipated in 2025.0.
- These figures demonstrate the increasing market demand for irons in Bhutan.
- On average, each household is predicted to possess 0.10pieces units of irons within the segment in 2024.
- This metric reflects the level of iron ownership per household and provides insights into consumer behavior within the Irons market in Bhutan.
- Bhutan's growing focus on sustainability and eco-friendly practices is driving a demand for energy-efficient irons in the market.
- 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
