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    Travel Irons Market Report

    Travel Irons Market Report
    Report code - SR1407 Delivery - 2 Weeks
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    Travel Irons Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Travel Irons Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Travel Irons Market

    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.

    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)

    Travel-Irons-Market-Forecast

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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

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The travel irons market is expected to witness an impressive growth of 4.2% CAGR in the coming years.

    Conair (US), Koninklijke Philips (Netherlands), NACCO Industries (US), Panasonic (Japan), Row-enta (Germany), Sunbeam Products (US), Bharat Light Machine (India), Fabiano (India), Korjo (Australia), and Morphy Richards (UK) are among the key players in the travel irons market.

    Rise in travel activities for leisure as well as business, ease of use and carrying for leisure & business travellers are the factors driving the growth of travel irons market.

    The specialty retailers segment accounted for the largest share in the travel irons market in 2020.

    Asia-pacific is expected to grow at a significant CAGR in the travel irons market in the coming years.

    Travel Irons distributors, Travel Irons suppliers, Travel Irons manufacturers, Logistics organizations, Government bodies are the target audience in the travel irons market.

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