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Global Electric Iron Market to reach USD 2.21 billion by 2028.

Global Electric Iron Market to reach USD 2.21 billion by 2028.

Product Code: ECE-98055161
Publish Date: 15-02-2022
Page: 200

Global Electric Iron Market is valued approximately USD 1.27 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.30 % over the forecast period 2022-2028. The temperature of electric iron ranges from 230 to 428 Fahrenheit and made up of plastic and metal body. The increasing in electrification has led the adoption of Electric Iron across the forecast period. For Instance: as per the World Bank Data, the electrification rate has increased from the year 2018, which is 89.433% to 90.097% in year 2019 worldwide. And access to the electricity is growing the use of an electric iron which is an important factor for excelling the growth of the market. Also, with the increasing number of working population leads to the adoption & demand for Electric Iron is likely to increase the market growth during the forecast period. However, the water tank has to be refilled frequently which impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Electric Iron Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the world in terms of market share owing to the availability of wide assortment of products suitable for different requirements and the region has wide access to the electricity. According to the World Bank Data, in Canada, U.S., and Mexico 100% of the population have access to the electricity which helps in fulfilling the requirements to use electric iron. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as rising disposable income, strong distribution channel and increasing access to electricity would create lucrative growth prospects for the Electric Iron market across Asia-Pacific region.

Major market player included in this report are:
Bajaj Electricals Ltd.
BCL Electronic
Home Appliances FZE
Eveready Industries India Ltd.
Groupe SEB India
Hamilton Beach
Havells India Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Function Outlook:
By Product Outlook:
By Application Outlook:
By Distribution Channel Outlook:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Electric Iron Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Electric Iron Market, by Region, 2020-2028 (USD Billion)
1.2.2. Electric Iron Market, by Function Outlook, 2020-2028 (USD Billion)
1.2.3. Electric Iron Market, by Product Outlook, 2020-2028 (USD Billion)
1.2.4. Electric Iron Market, by Application Outlook, 2020-2028 (USD Billion)
1.2.5. Electric Iron Market, by Distribution Channel Outlook, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Iron Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Iron Market Dynamics
3.1. Electric Iron Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing in electrification
3.1.2. Market Challenges Quick refill of water tank in electric iron
3.1.3. Market Opportunities Increasing in number of working population
Chapter 4. Global Electric Iron Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electric Iron Market, by Function Outlook
6.1. Market Snapshot
6.2. Global Electric Iron Market by Function Outlook, Performance – Potential Analysis
6.3. Global Electric Iron Market Estimates & Forecasts by Function Outlook 2019-2028 (USD Billion)
6.4. Electric Iron Market, Sub Segment Analysis
6.4.1. Automatic
6.4.2. Non-automatic
Chapter 7. Global Electric Iron Market, by Product Outlook
7.1. Market Snapshot
7.2. Global Electric Iron Market by Product Outlook, Performance – Potential Analysis
7.3. Global Electric Iron Market Estimates & Forecasts by Product Outlook 2019-2028 (USD Billion)
7.4. Electric Iron Market, Sub Segment Analysis
7.4.1. Dry
7.4.2. Steam
Chapter 8. Global Electric Iron Market, by Application Outlook
8.1. Market Snapshot
8.2. Global Electric Iron Market by Application Outlook, Performance – Potential Analysis
8.3. Global Electric Iron Market Estimates & Forecasts by Application Outlook 2019-2028 (USD Billion)
8.4. Electric Iron Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Commercial
Chapter 9. Global Electric Iron Market, by Distribution Channel Outlook
9.1. Market Snapshot
9.2. Global Electric Iron Market by Distribution Channel Outlook, Performance – Potential Analysis
9.3. Global Electric Iron Market Estimates & Forecasts by Distribution Channel Outlook 2019-2028 (USD Billion)
9.4. Electric Iron Market, Sub Segment Analysis
9.4.1. Offline
9.4.2. Online
Chapter 10. Global Electric Iron Market, Regional Analysis
10.1. Electric Iron Market, Regional Market Snapshot
10.2. North America Electric Iron Market
10.2.1. U.S. Electric Iron Market Function Outlook breakdown estimates & forecasts, 2019-2028 Product Outlook breakdown estimates & forecasts, 2019-2028 Application Outlook breakdown estimates & forecasts, 2019-2028 Distribution Channel Outlook breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Electric Iron Market
10.3. Europe Electric Iron Market Snapshot
10.3.1. U.K. Electric Iron Market
10.3.2. Germany Electric Iron Market
10.3.3. France Electric Iron Market
10.3.4. Spain Electric Iron Market
10.3.5. Italy Electric Iron Market
10.3.6. Rest of Europe Electric Iron Market
10.4. Asia-Pacific Electric Iron Market Snapshot
10.4.1. China Electric Iron Market
10.4.2. India Electric Iron Market
10.4.3. Japan Electric Iron Market
10.4.4. Australia Electric Iron Market
10.4.5. South Korea Electric Iron Market
10.4.6. Rest of Asia Pacific Electric Iron Market
10.5. Latin America Electric Iron Market Snapshot
10.5.1. Brazil Electric Iron Market
10.5.2. Mexico Electric Iron Market
10.6. Rest of The World Electric Iron Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Bajaj Electricals Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. BCL Electronic
11.2.3. BLACK+DECKER Inc.
11.2.4. BSH
11.2.5. Home Appliances FZE
11.2.6. Crompton
11.2.7. Eveready Industries India Ltd.
11.2.8. Groupe SEB India
11.2.9. Hamilton Beach
11.2.10. Havells India Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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