by The ironing boards market has been witnessing significant growth owing to the high demand for easy and convenient ironing solutions from both commercial as well as residential sectors. An ironing board is an essential appliance in everyday household chores that is used for pressing and smoothing garments. It provides a stable and resistant surface for ironing clothes smoothly and efficiently. The increasing urban population coupled with rising disposable incomes have augmented the demand for laundry services including ironing. This has propelled the sales of ironing boards.
The global ironing boards market is estimated to be valued at US$ 2,491.9 million in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period from 2024 to 2031.
Key Takeaways
Key players: Key players operating in the ironing boards market include Bathla, Whitmor, Leifheit, Brabantia, Ybm Home, Widemex, Sunbeam, Minky, Mainstays,Brabantia, Faginey, Polder, Sullivans, Walfront., Homedora, Perilla, Mabel home, TIVIT, Whitmor, and Tidy Homz. These players are focused on new product launches and strategic collaborations to strengthen their presence and capture more market share.
Key opportunities: The rising demand for space-saving, adjustable, and portable ironing boards from both residential and commercial sectors present significant opportunities for manufacturers to expand their product portfolios. Furthermore, growing online retail platforms provide an opportunistic sales channel.
Global expansion: Leading ironing board companies are expanding their international footprint by catering to the rising demand from countries in Asia Pacific and South America. Partnerships with distributors and online retailers aid in global delivery and expansion.
Market drivers
Increased urbanization: Rapid urbanization has boosted nuclear family structures and dual-income households necessitating the need for Ironing Boards Market Share. This drives the sales of ironing boards. Moreover, lack of outdoor space in urban homes increases the importance of utility appliances like ironing boards.
PEST Analysis
Political: Increasing consumer awareness regarding quality standards and product safety regulations implemented by various governments are bringing positive changes to the market.
Economic: Rising disposable incomes, busy lifestyle, nuclear family structures, and greater priority for convenience are contributing to the sales of ironing boards for convenience.
Social: Rapid urbanization and increasing women working population has boosted the demand for convenient and quick household appliances like ironing boards for finishing clothes quickly.
Technological: Manufacturers are focusing on producing compact, lightweight, and foldable ironing boards integrated with innovative features through advanced engineering and material science. Some boards come with integrated steam functions as well.
North America geographical region accounts for the largest share in terms of value led by United States where ironing culture is widely prevalent. Busy working professionals and ease of ironing garments quickly and conveniently at home drives its demand.
The Asia Pacific region is poised to be the fastest growing market led by countries such as China and India attributed to rapidly growing middle-class population, nuclear families, women workforce participation, and rising disposable incomes enabling greater affordability of household appliances for convenience.
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
