Irons - G7
G7- In 2024, the revenue in the Irons market reaches a substantial amount of US$1.66bn.
- It is projected that this market will experience an annual growth rate of 3.53% from 2024 to 2029 (CAGR 2024-2029).
- When compared on a global scale, China generates the highest revenue in this segment, with an estimated value of US$2bn in 2024.
- In terms of per household revenues, the Irons market generates US$5.11 in 2024.
- This figure is determined by dividing the total revenue by the total number of households.
- Looking ahead to 2029, the volume in the Irons market is expected to reach 33.6m pieces units.
- However, there is a projected volume decline of 0.2% in 2025.0.
- On average, each household is expected to have a volume of 0.10pieces units in the Irons market in 2024.
- It is worth noting that these figures and projections specifically pertain to the Irons market in the G7 country.
- In the G7 country of Germany, the trend in the iron market is an increased demand for energy-efficient steam irons.
- 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
