Asia-Pacific Garment Steamers Market
Market Introduction
The garment steamers market in APAC is segmented into China, India, Japan, South Korea, Australia, and Rest of Asia- Pacific. The countries in the region, such as China, India, and South Korea, are witnessing an upsurge in the middle-class population and growth in urbanization. The changing lifestyle of the consumers and increasing working population are propelling the adoption of modernized household appliances. In addition, hectic work-life schedule along with the long working hours is driving the consumer preference toward convenient household appliances, such as garment steamers. The rising trend of eco-friendly appliances that consume less energy than traditional appliances in the developing countries in this region would boost the garment steamers market growth during the forecast period. Moreover, ironing garments consume more time, and it also requires a sturdy ironing board, whereas steamers are much faster than irons. For instance, handheld garment steamers are preferred over irons in terms of convenience because they are lightweight and require little space. Thus, the rapidly changing lifestyle of consumers, increasing awareness related to eco-friendly products, and the rising trend of automation in day-to-day activities to save time are providing lucrative opportunities for the garment steamers market in APAC.
The governments of various APAC countries are taking possible steps to reduce the effects of COVID-19 by announcing lockdown, thus impacting the performances of various industries. This may impact the demand for garment steamers in the region. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon their GDPs. The global crisis is anticipated to cause huge disruptions in the growth of various industries in APAC. However, the uncertainty regarding the future outbreak, especially in India and a few other Asian countries, has altered the status of several industrial sectors.
Market Overview and Dynamics
The garment steamers market in APAC is expected to grow from US$ 436.31 million in 2021 to US$ 666.48 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The presence of major manufacturing companies such as Koninklijke Philips N.V., Panasonic Corporation, and Maryant Inc bolsters the growth of the garment steamers market in Asia Pacific. In 2018, Philips India launched its new garment steamer, EasyTouch Plus steamer. The easy-to-use steamer is a unique product that is designed for easy wrinkle removal with powerful continuous steam, without worrying about the risk of burns. Thus, the rapidly growing urbanization and increasing disposable income along with the presence of major manufacturers are accelerating the growth of the garment steamers market in APAC.
Key Market Segments
APAC garment steamers market is segmented into product type, price range, tank type, distribution channel, and country. Based on product type, the APAC garment steamers market is segmented into handheld and upright. Upright segment held the largest market share in 2020. Based on price range, the APAC garment steamers market is segmented into less than US$ 20, US$ 20 to US$ 70, and more than US$ 70. More than US$ 70 segment held the largest market share in 2020. Based on tank type, the APAC garment steamers market is segmented into fixed and removable. Removable segment held the largest market share in 2020. Based on distribution channel, the APAC garment steamers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment accounted for the largest market share in 2020. Based on country, the APAC garment steamers market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the garment steamers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Conair LLC; Groupe SEB; Jiffy Steamer Company, LLC; Koninklijke Philips N.V.; Maryant, Inc.; Panasonic Corporation; Pure Enrichment; PurSteamReliable Corp; Reliable Corp; and SALAV USA.
Reasons to buy report
APAC
Garment Steamers Market
Segmentation
APAC Garment Steamers Market -
By Product Type
APAC Garment Steamers Market - By
Price Range
APAC Garment Steamers Market - By Tank Type
APAC Garment Steamers Market - By Distribution Channel
APAC Garment Steamers Market - By Country
APAC Garment Steamers Market - Company Profiles
Strategic insights for the Asia-Pacific Garment Steamers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 436.31 Million |
| Market Size by 2028 | US$ 666.48 Million |
| Global CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Garment Steamers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia-Pacific Garment Steamers Market is valued at US$ 436.31 Million in 2021, it is projected to reach US$ 666.48 Million by 2028.
As per our report Asia-Pacific Garment Steamers Market, the market size is valued at US$ 436.31 Million in 2021, projecting it to reach US$ 666.48 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The Asia-Pacific Garment Steamers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Garment Steamers Market report:
The Asia-Pacific Garment Steamers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Garment Steamers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Garment Steamers Market value chain can benefit from the information contained in a comprehensive market report.
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