As per the report published by Facts & Factors, the global Fabric Steamer market was valued at approximately USD 2.45 Billion in 2019 and is expected to generate revenue of around USD 3.7 Billion by end of 2026, growing at a CAGR of around 6 % between 2020 and 2026.
A fabric steamer, also known as a cotton steamer or simply a steamer, is a machine that uses high-temperature steam to remove wrinkles from clothing and fabrics. Streamer works by heating water until it transforms into steam and then directing the steam toward a wrinkled fabric to loosen the fibers and eliminate the wrinkles. Fill the machine’s water tank with cool water, double-check that all of the machine’s parts are connected and in place, plug it in, and simply wait for it to heat up. When the streamer is hot, it is ready to begin steaming. Steamers soften fabrics rather than flattening them, as traditional ironing does; this approach is gentler on the fabric and prevents scorching. As a result, a garment steamer may be used to remove wrinkles from delicate fabrics such as silk. Fabric steamers have gained market appeal as they are available in a variety of sizes, price ranges, and features. They are lightweight and easy to use and are designed to accommodate a wide range of fabrics and garments such as bedsheets, everyday wear, and so on. Fabric steamers may also be used to remove wrinkles from fine fabrics such as silk.
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Top Market Players
Major players in the market are ABB, AlphaSense Inc., City Technology Ltd., Dynament, Figaro Engineering Inc., Membrapor, Nemoto & Co. Ltd., Robert Bosch LLC, Siemens, GfG Gas Detection UK Ltd., FLIR Systems, Inc.
Rising Middle-Class Population in the Emerging Market and Increasing Participation of Women in Labor Force is driving the market of global Fabric Steamer
Although the middle class in developed markets is feeling squeezed, the middle class in Asia is not only growing but also earning significant income gains. This is great news for consumer-focused companies, as the lifestyle and tastes of the region’s emerging middle class are changing as a result of global influence, opening up new opportunities for luxury products and services. By the end of 2018, there were 679 million middle-class households in emerging markets, a figure that is expected to increase by 2.7 percent by 2030. In contrast, the number of middle-class households in developing countries was 176 million in 2018 and is expected to increase by 6.3 percent by 2030. Since the aspirational middle class has a high disposable income and a desire for a higher standard of living, the demand for fabric steamers is likely to rise as the middle-class population grows. Similarly, increasing female labor-force participation would increase demand for consumer apparel and fashion businesses, resulting in an increase in fabric steamer sales. The demand is fulfilled by offline and online stores. Offline stores provide convenient access to a variety of items, which contributes to segment growth. The expansion of the aforementioned networks, along with product variations in content, contributes to a rise in market revenue. Furthermore, the longer delivery time associated with online retailers’ fuels development for the offline channel. However, the online segment is estimated to grow at the fastest rate during the forecast period due to an increase in the number of e-commerce websites offering a wide range of items, such as Walmart, Ali express, Amazon, etc. Such portals’ door-to-door delivery and discounts also contribute to the segment’s growth.
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APAC is projected To Dominate the Global Fabric Steamer Market
The Asia Pacific region, on the other hand, is expected to grow at the fastest pace during the forecast period, at 7.31 percent. This expansion is due to the rising demand for fabric care appliances in emerging markets such as China and India. During the forecast era, the consumer appliances industry in India is expected to grow at a rapid rate. Furthermore, increasing purchasing power and demand for profitable and quality products would drive the regional market. Furthermore, due to the region’s high growth potential, a large number of manufacturers are attempting to enter the market, which will drive demand even higher. Europe, led by the United Kingdom, has the largest share of the global market due to the increasing demand for advanced home appliances in countries such as Germany, the United Kingdom, and France. In Germany, for example, the household appliances market was priced at 3.9 billion euros in 2018. During the forecast era, the markets in Europe and North America are expected to retain a significant share. Housekeeping workers’ work is expensive in these areas. As a result, customers prefer self-cleaning of utensils, clothing, and fabric. Items that are lightweight in nature are being seen by consumers.
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