Report : South America Garment Steamers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Handheld and Upright), Price Range (Less than US$ 20, US$ 20 to US$ 70, and More than US$ 70), Tank Type (Fixed and Removable), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Supermarkets and Hypermarkets Segment to Dominate SAM Garment Steamers Market during 2020–2028
According to a new market research study on “SAM 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$ 24.95 million by 2028 from 16.96 US$ million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the SAM garment steamers market along with the drivers and restraints pertaining to the market growth. Garment steamers are replacing traditional irons is the major factor driving the growth of the SAM garment steamers market. However, issues associated with garment steamers being costly hinders the growth of SAM garment steamers market.
SAM garment steamers market is segmented into product type, price range, tank type, distribution channel, and country. Based on product type, the SAM garment steamers market is segmented into handheld and upright. Upright segment held the largest market share in 2020. Based on price range, the SAM 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 SAM garment steamers market is segmented into fixed and removable. Removable segment held the largest market share in 2020. Based on distribution channel, the SAM 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 SAM garment steamers market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2020.
The ongoing COVID-19 pandemic is causing huge disruptions in the growth of various industries in SAM. The governments of various economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which directly impacts the growth of industrial sectors. This may impact the demand for garment steamers in the region. In SAM, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. Containment measures in place in SAM countries are likely to reduce the activities of the manufacturing and service sectors for at least the next quarter of 2021.
Conair LLC; Groupe SEB; Jiffy Steamer Company, LLC; Koninklijke Philips N.V.; and Panasonic Corporation; are among the leading companies in the SAM 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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