Global Vacuum Iron Market: by Function (Automatic and Semi-Automatic) and by End-User (Residential and Commercial), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
The vacuum iron market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the vacuum iron industry.
The global vacuum iron market size is expected to project a CAGR of 4.1% during the forecast period (2021-2027). Due to increasing professionalism, people are more focusing on well-ironed clothes and styling. Good, ironed dressing is a high demand in a national or multi-national company. The market is expected to propel at a considerable growth rate in the commercial end-use application over the forecast period.
A rising number of enterprises have increased the number of employees, showcasing professionalism; therefore, the demand for vacuum iron clothes is increasing, raising the market value of vacuum iron across the globe.
With increasing professionalism amongst the individuals, ironing services have got popular, as their easy availability and affordability are expected to remain the favorable factor of the vacuum iron market.
The government imposes strict rules and regulations on the use of toxic chemicals for clothes for the health and hygiene of an individual, which will affect the growth of the vacuum iron market over the forecast period.
The outbreak of the COVID-19 pandemic has negatively impacted the global vacuum iron market. The lockdown in developed and emerging economies, such as India, UK, France, and Italy, has led to decreased demand for ironed clothes. The companies have implemented the ‘work from home strategy, which has declined the need for the ironed clothes, which has declined the growth of the vacuum iron market in 2020 and over the forecast period.
The report outlines the global vacuum iron market study based on function and end-user.
The vacuum iron market has been segmented based on function –
The vacuum iron market has been segmented based on end-user –
The vacuum iron market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, and the Middle East & Africa. In 2020, North America held the largest share in the global vacuum iron market, followed by Europe and the Asia Pacific. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.
The vacuum iron market has a presence of a few small players across the globe. The key vacuum iron players operating in the global market include –
The vacuum iron market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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