Market Insights Consumer Household Appliances Small Appliances

Irons - Worldwide

Worldwide

In 2024, the revenue generated in the Irons market worldwide amounts to US$9.29bn.
According to market projections, this segment is expected to grow at an annual rate of 4.53% (CAGR 2024-2028).
When comparing global revenue, in China leads the market, generating US$2,139m in 2024.
In terms of per household revenue, the Irons market generates US$4.15 in 2024.
Looking ahead to 2028, the volume in the Irons market is projected to reach 214.1m pieces.
Furthermore, a slight volume growth of 2.0% is anticipated in 2025.
On average, each household is expected to have a volume of 0.09pieces in the Irons market by 2024.
Despite the rise of advanced technology, traditional ironing methods still prevail in many households worldwide.

Key regions: Japan, Canada, Worldwide, United Kingdom, 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 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.