Portable Iron Market Size, Share, Growth Analysis, By Product type(Normal Type, Thermostat Type, Steam Type, and Others), By Region - Industry Forecast 2024-2031

North America held the largest share of the global portable iron market in 2021 and it is expected to dominate the global market during the forecast period. People in this region are more likely to use technologically advanced appliances that provide ease and convenience, and they are willing to pay more for them. According to Statistics Canada's 'Survey of Household Spending,' published in December 2018, the average expenditure on household appliances per household in Canada was approximately US$ 420.68 in 2013, increasing to approximately US$ 517.90 in 2017. Furthermore, product demand is higher in the region due to increased use of formal wear. Formal attire is required for a variety of occasions, including meetings, conferences, corporate parties, weddings, and funerals. Furthermore, the number of students living alone and away from home is increasing in the region, which is driving product demand because they must appear properly dressed for college conferences, events, and various competitions.

The Asia Pacific region is expected to experience rapid growth in the global market. This is due to increased globalisation, which has resulted in strong growth for several businesses throughout the region. This factor is responsible for increased international company tie-ups and, as a result, an increase in the number of business tours.   As a result, because this product is useful when travelling, this factor is likely to boost product demand in the regions.