Travel Irons Market Report

Market Insights

The Travel Irons Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 4.2% during the forecast period.

Figure: Travel Irons Market Size, 2020-2026 (USD Million)

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What are travel irons?

Travel irons are comparable to the conventional irons that one uses at home or laundry. These irons are handheld devices that are used to clear wrinkles from the garments. Its compact nature and small size is the main difference between travel irons and ordinary irons. These irons are easy to pack and carry while going on trips.

Key Players

Key players operating in the travel irons market are-

• Conair (US)
• Koninklijke Philips (Netherlands)
• NACCO Industries (US)
• Panasonic (Japan)
• Rowenta (Germany)
• Sunbeam Products (US)
• Bharat Light Machine (India)
• Fabiano (India)
• Korjo (Australia)
• Morphy Richards (UK).

Market Dynamics

With the rise in travel activities for leisure as well as business, the demand for travel irons is expected to grow substantially in the coming years. Also, ease of use and carrying for leisure & business travelers propel the product demand. In addition, it is a cheaper alternative to ordinary irons and also includes innovative features, which spurs the demand for travel irons across the globe. However, many hotels have started offering irons to their customers, which is likely to hinder the industry growth.

Segments' Analysis

Distribution Channel Trends

By distribution channel, the travel irons market has been classified into specialty retailers, department stores, supermarkets and hypermarkets, and discount stores. Under these, the specialty retailers segment accounted for the largest market share in 2020. These stores possess a wide range of brands and several product portfolios both brand-specific as well as multi-branded and sell similar types of products across all outlets. Consumers opt for these stores because of their brand coverage and broad product portfolio, thus augmenting the segment growth.

Regional Trends

By region, the market in the Asia Pacific accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The domestic consumption in the region is rising faster than the overall economic growth mainly due to the increasing spending on consumer goods by the emerging middle-class populace. Also, the high popularity of web-enabled mobile devices that facilitates online booking is a key factor spurring regional growth during the review period.

COVID-19 Impact on Travel Irons Market

The COVID-19 outbreak negatively impacted the growth of the travel irons market negatively. The travel & tourism sectors were hit significantly amid the pandemic. Most governments have enforced lockdown in their countries to curb the spread of the pandemic. This in turn affected the product demand significantly amid the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the global travel irons market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global travel irons market?
• What are the key strategies adopted by the major vendors to lead in the global travel irons market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the travel irons market hopes to have the greatest opportunity to convert-

• Travel Irons distributors
• Travel Irons suppliers
• Travel Irons manufacturers
• Logistics organizations
• Government bodies

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