Garment Steamer Market Projected to Reach USD 3,594.9 Million by 2033, Growing at a CAGR of 5.8% | Report By FMI

Garment Steamer Market

Based on the most recent data from Future Market Insights (FMI), the global garment steamer market reached a valuation of US$ 2,043.3 million in 2023. It is projected to attain US$ 3,594.9 million by 2033, reflecting a compound annual growth rate (CAGR) of 5.8% from 2023 to 2033. Notably, the garment steamer market constitutes 30% to 35% of the fabric care appliances market, its overarching segment.

The growth of the global garment steamer market is propelled by rising innovation and consequent consumer adoption of garment steamers. Increased household income and a higher growth rate among the working-class population are driving a surge in demand for linen care appliances, contributing to the market’s expansion.

Utilizing only materials that are 100% environmentally friendly, businesses are innovating their products. Companies are being encouraged to introduce new products to the market by the rising demand for eco-aware products in several countries. Customers have found these eco-friendly products to be appealing. Manufacturers are increasingly using eco-conscious materials in their products as opposed to traditional ones.

Manufacturers of garment steamer are increasingly inclined to diversify into the market to increase their presence through various product launches. For instance, Groupe SEB introduced the Rowenta IXEO QR1020 in 2018. In spite of certain shops destocking their inventories, the company saw a rise in the demand for garment steamer in 2019.

To give all customers access to distinctive or high-quality products, the premiumization trend is bridging the gap between luxury and mass markets. Additionally, the Premiumization of the target product is providing profitable prospects for numerous companies to capitalize on, strengthening their market position.

Key Takeaways from the Garment Steamer Market Study

  • Handheld/portable is anticipated to expand at the quickest rate, with a CAGR of 6.6% during the forecast period.
  • The US holds a noteworthy value share of 75.2% in North America owing to the high penetration of key players in the region.
  • India is a key market in South Asia and estimated to account for a value share of 33.7% owing to the higher spending on premium products in the country.
  • Germany is expected to account for over 19.9% of market share in Europe through 2023. Germany is one of the most important market for garment steamer along with the high penetration of key players in the region.

Who is winning?

Leading manufacturers of garment steamer are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth globally.

Leading players operating in the global garment steamer market are

  • Groupe SEB
  • Conair Corporation
  • Pure Enrichment Company
  • BLACK+DECKER Inc.
  • Reliable Corporation
  • 4VOO
  • Koninklijke Philips N.V.
  • Electrolux AB
  • Panasonic Corp.
  • Hamilton Beach Brands Holding Company
  • Spectrum Brands
  • AICOK
  • Others

Complete Market Review: A Full Report Analysis

Global Garment Steamer Market by Category

By Product Type:

  • Handheld/Portable
  • Upright/Non-Portable

By End Use:

  • Household/Residential
  • Commercial

By Power:

  • Below 750 Watt
  • 750-1000 Watt
  • 1000-1500 Watt
  • 1500-2500 Watt
  • 2500 Watt & above

By Water Tank Capacity:

  • Below 500 ml
  • 500-1 Litre
  • 1-2 Litre
  • 2-3 Litre
  • 3-4 Litre
  • 4 Litre & above

By Material:

  • Plastic
  • Metal
  • Antilock Braking System (ABS)
  • Aluminium
  • Stainless Steal
  • Cast Iron
  • Ceramic

By Sales Channel:

  • Direct
  • Indirect
    • Hypermarket/Supermarket
    • Multi-Brand Stores
    • Exclusive Store
    • Independent Stores
    • Online Retailers
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these