
Published On: Dec 2021
Published On: Dec 2021
According to a new market research study on “APAC Garment Steamers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Price Range, Tank Type, and Distribution Channel” is expected to reach US$ 666.48 million by 2028 from 436.31 US$ million in 2021. The market is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report provides trends prevailing in the APAC garment steamers market along with the drivers and restraints pertaining to the market growth. Growing technological advancements is the major factor driving the growth of the APAC garment steamers market. However, issues associated with high cost of garment steamers hinders the growth of APAC garment steamers market.
APAC garment steamers market is segmented into product type, price range, tank type, distribution channel, and country. Based on product type, the APAC garment steamers market is segmented into handheld and upright. Upright segment held the largest market share in 2020. Based on price range, the APAC garment steamers market is segmented into less than US$ 20, US$ 20 to US$ 70, and more than US$ 70. More than US$ 70 segment held the largest market share in 2020. Based on tank type, the APAC garment steamers market is segmented into fixed and removable. Removable segment held the largest market share in 2020. Based on distribution channel, the APAC garment steamers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment accounted for the largest market share in 2020. Based on country, the APAC garment steamers market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
The governments of various APAC countries are taking possible steps to reduce the effects of COVID-19 by announcing lockdown, thus impacting the performances of various industries. This may impact the demand for garment steamers in the region. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon their GDPs. The global crisis is anticipated to cause huge disruptions in the growth of various industries in APAC. However, the uncertainty regarding the future outbreak, especially in India and a few other Asian countries, has altered the status of several industrial sectors.
Conair LLC; Groupe SEB; Jiffy Steamer Company, LLC; Koninklijke Philips N.V.; Maryant, Inc.; Panasonic Corporation; Reliable Corp; and SALAV USA are among the leading companies in the APAC garment steamers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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