Garment Steamer Market 2015 - 2025 report delivers future development strategies, key
companies, Possibility of competition, major challenges analysis. The reports
elaborate the expansion rate of the Garment Steamer market supported the
highest company profile analysis. This report providing an in-depth analysis,
market size, and evaluation for the developing segment among the Garment
Steamer market. Garment Steamer Market report will help you take
expert decisions, recognize opportunities, plan effective professional tactics,
plan new schemes, analyze drivers and restraints and give you a vision on the Garment
Steamer Market forecast.
The scope of the global Garment Steamer Market was priced at US$
2.32 billion in 2018 and is estimated to touch US$ 3.36 billion during the
forecast period. It is projected to grow at a CAGR of 5.41% from 2019 to 2025 due to the influence of e-commerce networks, increasing number of
convenience and specialty stores, and demand for competent appliances offer
enormous development openings. Augmented expenditure on the cutting-edge
consumer appliances, particularly in the sector of garment care, is likewise
expected to motivate the garments steamer market.
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Key Questions Answered
·
What are the sales or revenue produced
by Garment Steamer products beyond all sectors during the forecast
period?
·
What are the key trends in the Garment
Steamer market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Garment
Steamer market to project lucrative CAGR during the forecast period?
Drivers:
Ease
of usage, transportability, flexibility, and greater proficiency presented by
the steamers as compared to flat irons, increases their demand in the global
garment steamer market. Additionally, growth in amount of advertising movements
by the manufacturing companies supports the development. Philips had an
advertising campaign for its recently presented garment steamer in the market
to alert the general public regarding the suitability of using garment care
appliances In January 2019.
Furthermore,
growing sum of companies flowing into the market owing to increasing demand for
innovative products will upkeep the growth. The progress is equally motivated
by the infiltration of the product in the sector of laundry care. The product
is likewise utilized for carpets because it can take away dirt and dust even
though upholding the quality of the fabric. In the Asia Pacific, it is expected
to observe the speedy CAGR during 2019 to 2025 owing to the arrival of advanced
products together with greater demand for innovative home-based applications.
Increasing
alertness of the customers regarding the multifunctional products will likewise
power the demand for the product within the region. Important firms are
concentrating on the development of the product and an enlargement of the
capacity by way of Mergers & Acquisition to upsurge their share.
Consecutively, this will upkeep the development of the market. Rowenta
presented new-fangled IXEO steamer which is having an innovative ergonomic
design for the uses at home, in March 2019.
Increasing
anxiety about wearing appropriate garments, increasing demand from entertainment
and fashion industry, decreasing hazard of burning the clothes, are some of
foremost reasons motivating the development.
Restraints:
On
the other hand, greater power ingestion is becoming such as most important
restrain for the development.
Regional Lookout:
By
Region the global garments steamer industry can be classified as North America,
Europe, Asia Pacific, Central & South America, and Middle East &
Africa. Owing to growing demand for cutting-edge home appliances in the nation
states for example France, U.K. and Germany, Europe grasps the biggest share
for garment steamer. The European market is headed by the U.K. The scope for
the domestic appliances in Germany was prized by 3.9billion in 2018.
Then
again, Asia Pacific is estimated to record the maximum CAGR of 7.31% during the
period of forecast. This development can be credited to increasing demand for
fabric care appliances in developing nation state, for example India and China.
The business of consumer appliances in India is projected to increase at a
sturdy CAGR during the period of forecast. Furthermore, demand for proficient
and finest products and the growth in the buying power of the customers will
motivate the local market. Moreover, a huge number of companies are trying to come
in the region owing to great prospective for the development. This will
additionally motivate the market.
Companies:
The important manufacturing companies are implementing a number of
tactical actions, for example increasing the manufacturing capacity,
modernization of the product and mergers & acquisition. Some of the
important companies for garment steamer market are Midea Group Co., Ltd,
Panasonic, SALAV USA, Rowenta, Jiffy Steamer, Chigo, Singer, Conair, Little
duck, Koninklijke Philips N.V., Steam fast, Epica, PurSteam, Rowenta, Haier
Group Corporation, Shanghai Flyco Electrical Appliance Co., Ltd, and AB
Electrolux.
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