Market Insights Consumer Household Appliances Small Appliances

Irons - 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 3.59% from 2024 to 2029 (CAGR 2024-2029).
When compared on a global scale, in China generates the highest revenue in this segment, with an estimated value of US$2,139m 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.
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

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.