Garment Steamer Market Report
The report on the Global Garment Steamer Market is segmented By Product (Clothes, Curtains, Carpets, Others), By Application (Manual Sealing, Machine Sealing), By End Use (Residential, Commercial), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global garment steamer market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Garment Steamer Market is segmented By Product (Clothes, Curtains, Carpets, Others), By Application (Manual Sealing, Machine Sealing), By End Use (Residential, Commercial), and Region.&nb...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Garment Steamer Market is estimated to grow from USD 2.6 billion in 2020 to USD 3.6 billion by 2026 at a healthy CAGR of 5.6% during the forecast period.
Figure: Global Garment Steamer Market Size, 2020-2026 (USD Billion)
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Garment steamers, also known as fabric steamers are a device that is used to quickly remove wrinkles from garments and fabrics with the help of high-temperature steam. These steamers are available in different sizes, features, and price ranges to suit different applications. Garment steams are equipped with an improved design which makes steaming clothes an easier chore than mundane ironing. They are easy to use as well as light in weight. It is designed to handle different types of garments such as sheets, clothes, and towels.
Key players operating in the global garment steamer market are-
The rising trend of eco-friendly appliances that consume less energy than traditional appliances is likely to create lucrative opportunities for the market players.
By product, the garment steamer market has been categorized into clothes, curtains, carpets, and others.
By region, the European market exhibited the highest market share in 2020. The region is led by the UK followed by Germany and France. The regional market growth can be attributed to the growing demand for advanced home appliances as well rapidly increasing working women population. For instance, the household appliance industry was valued at almost USD 4 billion in Germany.
The COVID-19 outbreak across the world has made people shift to their homes and work remotely. And with strict lockdown measures and social distancing norms, the families are using their kitchen and home appliances more than often for cleaning, cooking, as well as steaming for clothes. Thus, the product demand has surged significantly since the start of the pandemic.
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Here is the list of the group of customers that the Garment Steamer Market hopes to have the greatest opportunity to convert-
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The garment steamer market is expected to reach USD 3.6 billion in the foreseeable future.
The garment steamer market is expected to witness an impressive growth of 5.6% CAGR in the coming years.
Koninklijke Philips N.V. (Netherlands), Jiffy Steamer (The US), Rowenta (Germany), Conair (The US), Panasonic Marketing Middle East & Africa FZE (The UAE), Midea Group Co., Ltd. (China), Shanghai Flyco Electrical Appliance Co., Ltd. (China), AB Electrolux (Sweden), Haier Group Corporation (China), and Pursteam (The US) are among the key players in the garment steamer market.
The European market exhibited the highest market share in 2020. The region is led by the UK followed by Germany and France.
The clothes segment dominated the market with over half of the global market share in 2020.
The substantial rise in the middle-class population that can afford garment steamers, rapidly changing lifestyle, improved standard of living, and increased standard of living are the factors driving the growth of garment steamer market.
Garment steamer companies, Fabric steamer retailers, Iron companies, Home appliances organizations, Consumer electronic companies are the target audience in the garment steamer market.