The ironing boards market comprises boards that help smoothen clothes during ironing. Ironing boards come in different styles including foldable, retractable, and wall-mounted boards. Foldable boards are highly portable and space-saving, while retractable boards come with built-in cord storage. Wall-mounted boards save floor space. Most boards feature padded tops made of materials like cotton or microfiber to prevent clothes from slipping during ironing. This allows for efficient ironing.
Global Ironing Boards Market is estimated to be valued at US$ 2,491.9 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the ironing boards market are Bathla, Whitmor, Leifheit, Brabantia, Ybm Home, Widemex, Sunbeam, Minky, Mainstays, Brabantia, Faginey, Polder, Sullivans, Walfront., Homedora, Perilla, Mabel home, TIVIT, Whitmor, and Tidy Homz. Rising demand for space-saving and user-friendly ironing solutions from households as well as laundromats is fueling market growth. Leading players are expanding their product portfolio and global footprint to capitalize on opportunities across regions.
Growing demand in the market is attributed to increasing home laundering needs among households. With rising disposable incomes and dual-income families, demand for ironing boards that offer convenient ironing is surging. Additionally, rapid urbanization and smaller living spaces have boosted the popularity of space-efficient foldable and retractable boards.
Major players are widening their global reach through exports and local manufacturing operations to address demand from untapped regional markets. International players face stiff competition from local Asian manufacturers offering affordable products. At the same time, growing economies like India and China present vast opportunities for ironing board sales.
Market drivers
One of the key drivers for the Ironing Boards Market Growth is growing home laundry needs. With rising working populations and dual-income families, home laundering needs have increased significantly. This is driving demand for ironing boards that offer convenient and efficient ironing solutions. Additionally, the small living spaces in urban areas have further propelled the uptake of space-saving foldable and retractable ironing boards.
Geopolitical factors influencing Ironing Board Market Growth
The global ironing board market is expected to witness substantial changes in demand patterns over the forecast period due to ongoing geopolitical tensions and trade wars. Restrictions on trade between certain countries have disrupted supply chains for ironing board manufacturers.This has constrained the availability of raw materials and components sourced from sanctioned nations. Additionally,economic slowdowns in major regions triggered by geopolitical instability have weakened consumer spending on home care appliances like ironing boards.
However, manufacturers are diversifying their supplier networks by identifying alternative sourcing destinations. They are also focusing on developing locally sourced materials and localized production facilities to minimize dependencies. Adopting a multi-pronged global supply chain approach can help ironing board companies better address future trade disruptions. On the demand side, tapping into markets in developing economies with improving economic conditions and demanding lifestyle segments can drive future growth. Continued urbanization and rising disposable incomes in Asia Pacific and Middle Eastern countries are opportunities manufacturers should capitalize on.
Geographical Concentration of Ironing Board Market
The ironing board market in terms of revenue is highly concentrated in North America and Western Europe currently. Both regions account for over 60% of the global market value due to high consumer spending abilities and well established distribution networks for home appliances. Within North America, the United States represents the single largest country market owing to widespread home ownership and nuclear family culture promoting laundromat usage. In Europe, countries like Germany, United Kingdom and France make the region an economic powerhouse for the ironing board industry.
Fastest growing region for Ironing Boards
Asia Pacific region is poised to emerge as the fastest growing market for ironing boards during the forecast period. Rapid rates of urbanization, growing working women population demanding convenient self-service solutions and western influence on lifestyles are driving ironing board adoption. China stands out as the frontrunner with the largest production and consumer base. Others like India, Indonesia and Vietnam will experience exponential growth on the back of strong GDP expansion, nuclearization of families and consumer electronics boom. Aggressive marketing strategies by global companies and rising domestic manufacturers will further accelerate Asia Pacific’s domination of the future ironing board market landscape.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
