Irons - Caribbean
Caribbean- In 2024, the revenue generated in the Irons market in the Caribbean amounts to US$57.58m.
- It is projected that the market will experience an annual growth rate of 5.92% (CAGR 2024-2029).
- When compared to other countries worldwide, China generates the highest revenue in this segment, with US$2bn in 2024.
- Taking into consideration the total number of households, it is estimated that each household in the Caribbean will generate US$6.25 in revenue in 2024.
- Looking ahead to 2029, the volume in the Irons market is expected to reach 1.1m pieces.
- Additionally, there is a forecasted volume growth of 1.9% in 2025.0.
- On average, each household in the Caribbean is expected to contribute a volume of 0.11pieces to the Irons market in 2024.
- The demand for high-quality, energy-efficient irons in the Caribbean market is on the rise, driven by the region's growing tourism industry and increasing focus on sustainability.
- 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
