According to the latest report by IMARC Group, titled “Travel Irons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global travel irons market size reached US$ 628.3 Million in 2022. Travel irons are compact and portable device designed to eliminate wrinkles and creases from clothing while on the go. Travel irons have a compact and lightweight design with a foldable handle and dual voltage capabilities, making them easy to pack and use worldwide. They also feature a non-stick soleplate to protect clothes while ironing and ensure a smooth finish. Travel irons have adjustable temperature settings, a steam function for removing stubborn wrinkles, and a small water reservoir for generating steam. Travel irons have adjustable temperature settings, a steam function for removing stubborn wrinkles, and a small water reservoir for generating steam. Some of the advantages of travel irons include portability, space-saving design, versatility with different fabrics, and compatibility for international use. As a result, they are commonly used during travel, office or business trips, hotel stays without ironing facilities, and for quick touch-ups before meetings or events.
Global Travel Irons Market Trends:
The global market is majorly driven by the increasing number of travel and tourism activities. In line with this, the rise of remote work and digital nomad lifestyles leading to the rising need for maintaining a professional image during work and business travels is fueling the market. Moreover, the growing trend of destination weddings and events resulting in a higher risk of wrinkling of clothes during transit is providing an impetus to the market. With an increasing emphasis on style and personal grooming, individuals are becoming more conscious about their appearance and the condition of their clothes, which in turn is creating lucrative opportunities in the market. The market is further driven by the rapid expansion of hospitality industry along with the rising popularity of vacation rentals. In addition to this, continual technological advancements in travel irons, such as dual voltage compatibility, rapid heating, and steam functionality to enhance the performance and user experience are creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, inflating disposable income levels, considerable growth in the fashion industry, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 838.6 Million by 2028, exhibiting a CAGR of 4.4% during 2023-2028.
- Based on the type, the market has been segmented into less than 1 lb and above 1 lb. Among these, above 1 lb represent the largest market segment.
- On the basis of the distribution channels, the market has been divided into specialty retailers, department stores, supermarkets and hypermarkets, discount stores, and others. Among these, specialty retailers accounts for the dominant market share.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. At present, Asia Pacific holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Bharat Light Machine, Conair Corporation, Koninklijke Philips N.V., Rowenta, Smartek USA Inc., Sunbeam Products Inc., Swan Brand, and Usha International Limited.
|Base Year of the Analysis
||Less than 1 lb, Above 1 lb
|Distribution Channel Covered
||Specialty Retailers, Department Stores, Supermarkets and Hypermarkets, Discount Stores, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Bharat Light Machine, Conair Corporation, Koninklijke Philips N.V., Rowenta, Smartek USA Inc., Sunbeam Products Inc., Swan Brand, Usha International Limited, etc.
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