Market Insights Consumer Household Appliances Small Appliances

Irons - Europe

Europe

In 2023, the Irons market in Europe generated a revenue of US$1.35bn.
It is projected to experience an annual growth rate of 2.93% (CAGR 2023-2028).
Comparatively, in China holds the highest revenue in the global market, with US$2,072m in 2023.
When considering the number of households, the per household revenue in the Irons market is estimated to be US$3.81 in 2023.
Looking ahead to 2028, the volume of the Irons market is expected to reach 32.9m pieces units.
However, there is a slight decline projected for 2024, with a growth rate of -2.3%.
On average, each household is anticipated to have a volume of 0.09pieces units in the Irons market by 2023.
In Germany, the market for irons is experiencing a shift towards more eco-friendly and energy-efficient models.

Key regions: Germany, China, Indonesia, Japan, United Kingdom

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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 Global Consumer 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). GCS data is reweighted for representativeness.