IRONING BOARDS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Ironing Boards Market Size and Trends

The global ironing boards market is estimated to be valued at USD 2,491.9 Mn in 2024 and is expected to reach USD 4,054.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

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The global ironing boards market is expected to witness a steady growth trend over the forecast period. While the market is currently in the growth phase, shifting consumer preference towards easy to use and compact ironing solutions is expected to drive the demand for ironing boards. Growing working women population coupled increasing home décor and linen trends are further fueling the sales of ironing boards across the globe. Manufacturers are launching innovative and space-saving ironing boards to cash in on the new market opportunities. However, easy availability of laundromats and growing popularity of online clothes delivery services is expected to limit the market growth to some extent during the forecast period.

Market Driver - Growth in residential sector

The global ironing boards market is expected to witness significant growth driven by increasing investments in residential construction activities across major countries worldwide. Rapid urbanization has boosted the development of numerous housing projects catering to the burgeoning middle class population. Further, low interest rates and financing options have made home ownership more affordable, stimulating demand for homes. As more families move into newly constructed houses or upgrade to larger properties, the need for household appliances and furnishing rises. Ironing boards have become an essential laundry item found in most homes today. Their adoption is rising alongside the growth in number of households worldwide. Population expansion in developing nations is translating into swelling housing needs, thus propelling the sales of ironing boards. Rising disposable income has also enhanced consumers' spending power on home utilities to improve lifestyles. This works in favor of ironing boards market.

Increased demand for home furnishing products

The ironing boards market is witnessing increased growth momentum on account of steady demand for various home furnishing products. Consumers are opting to redecorate and refurnish their living spaces more frequently following the latest trends. This presents opportunities for manufacturers of ironing boards and steam generators. Innovation in product design and introduction of models with enhanced performance attributes is helping drive replacement sales. Newer ironing board designs integrate handy accessories and come in aesthetically appealing finishes to match interiors. Their easy portability allows convenient shifting within the house. Growth in do-it-yourself culture has raised interest among consumers in self-grooming their clothes, thereby positively impacting sales of garment steamers and ironing boards. Evolving lifestyles and rising disposable incomes provide impetus to the regular upkeep and maintenance of all home textiles and furnishings, representing a continuous demand driver for ironing boards.