Irons - NAFTA
NAFTA- In 2024, the revenue in the Irons market reaches a substantial amount of US$1.18bn.
- It is projected that this market will experience an annual growth rate of 4.02% from 2024 to 2029, as measured by the compound annual growth rate (CAGR).
- When comparing the Irons market to other countries worldwide, China stands out as the top revenue generator, with a significant revenue of US$2bn in 2024.
- To put the revenue in perspective, in 2024, each household contributes an average of US$6.70 to the total revenue in the Irons market.
- This ratio is calculated based on the total number of households.
- Looking ahead to 2029, it is estimated that the volume in the Irons market will reach 19.6m pieces units.
- However, there is a slight decline projected for 2025.0, with a volume growth rate of 0.4%.
- On an individual household basis, the average volume per household in the Irons market is anticipated to be 0.11pieces units in 2024.
- It is worth noting that these figures pertain to the Irons market of the market, a significant market segment that plays a crucial role in the global economy.
- Additionally, these statistics are applicable to the NAFTA countries, encompassing United_States, Canada, and Mexico.
- In the NAFTA region, the iron market is experiencing a surge in demand due to the ongoing infrastructure development projects in Mexico.
- 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
