IMARC Group's report titled "Travel Irons Market by Type (Less than 1 lb, Above 1 lb), Distribution Channel (Specialty Retailers, Department Stores, Supermarkets and Hypermarkets, Discount Stores, and Others), and Region 2024-2032". The global travel irons market size reached US$ 656.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 932.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
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Factors Affecting the Growth of the Travel Irons Industry:
- Increasing Travel Trends:
The growing demand for compact travel essentials, including irons due to rising travel trends is offering a positive market outlook. The increasing need to maintain an enhanced appearance on-the-go is propelling the market growth. Travel irons offer convenience and efficiency in ensuring wrinkle-free attire regardless of location. This driver is sustained by the growing desire for seamless travel experiences, where travelers seek to replicate the comforts of home while traversing the globe. Apart from this, manufacturers are introducing innovative lightweight and portable irons that meet the evolving needs of modern travelers.
- Growth in Business Travel:
The expansion of corporate activities and globalization of businesses contribute to the demand for travel irons, particularly among business travelers. With professionals frequently traveling the globe for meetings, conferences, and networking events, the need to present a well-groomed appearance remains vital. Travel irons provide a compact solution for maintaining improved attire, ensuring business travelers project confidence and professionalism irrespective of their location. This driver is further propelled by the corporate emphasis on image and presentation, where individuals are expected to uphold an enhanced look even while on business trips.
- Expansion of Tourism:
The growing demand for travel irons on account of the burgeoning tourism industry is positively influencing the market. People are exploring diverse destinations for leisure and recreation purposes. Tourists, whether domestic or international, are seeking to preserve their sense of style and elegance while on vacation, driving the need for portable grooming tools like travel irons. Travelers are prioritizing personal grooming even away from home, whether it's attending formal events, dining at upscale establishments, or simply wanting to look presentable for vacation photos. In addition, manufacturers are offering compact and user-friendly irons designed specifically for travel purposes, catering to the evolving preferences of tourists worldwide.
Leading Companies Operating in the Global Travel Irons Industry:
- Bharat Light Machine
- Conair Corporation
- Koninklijke Philips N.V.
- Rowenta
- Smartek USA Inc.
- Sunbeam Products Inc.
- Swan Brand
- Usha International Limited
Travel Irons Market Report Segmentation:
By Type:
- Less than 1 lb
- Above 1 lb
Above 1 lb represents the largest segment as it offers enhanced durability and effectiveness.
By Distribution Channel:
- Specialty Retailers
- Department Stores
- Supermarkets and Hypermarkets
- Discount Stores
- Others
Specialty retailers hold the biggest market share due to the rising focus on enhanced brand loyalty and trust.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys a leading position in the travel irons market on account of the thriving e-commerce sector.
Global Travel Irons Market Trends:
People are more inclined to invest in products that enhance convenience and lifestyle, including travel irons. They are prioritizing comfort and personal grooming even during travel. This demographic trend fuels the demand for portable irons that enable individuals to maintain a professional or stylish appearance while away from home. Additionally, manufacturers are offering a diverse range of travel-friendly ironing solutions, capitalizing on the individual willingness to pay for convenience and quality.
The growing demand for eco-friendly travel irons that consume less energy and are made from sustainable materials due to the increasing awareness among individuals about environmental sustainability is positively influencing the market.
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