Demand for garment steamer in Korea is anticipated to exhibit a CAGR of 10.10% from 2024 to 2034. The garment steamer landscape in Korea is poised to yield a valuation of US$ 74.7 million in 2024.
The industry players are providing garment steamers equipped with innovative features like smart controls, app connectivity, and multifunctional capabilities are likely to attract customer attention. By 2034, garment steamer adoption in Korea will likely secure a valuation of US$ 195.1 million.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
| Attributes | Details |
|---|---|
| Expected Value in 2024 | US$ 74.7 million |
| Projected Value in 2034 | US$ 195.1 million |
| CAGR Estimation from 2024 to 2034 | 10.10% |
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South Gyeongsang Province has urban centers where people seek convenient solutions for everyday tasks driving the demand for garment steamer. As garment steamers are more convenient and space-saving nature, these factors increased demand in urban settings.
The increasing number of fashion consciousness people seek effective garment care solutions for their clothing, increasing demand for garment steamers. Garment steamers with innovative features are gaining attention in tech-savvy regions like South Gyeongsang Province.
The demand for space-efficient solutions like garment steamers is high in urban areas where living spaces might be more compact in North Jeolla.
The demand for garment steamer is increasing in commercial and retail sectors for commercial-grade garment steamers, especially in businesses related to fashion retail, hospitality, or laundry services in North Jeolla.
Increasing emphasis on sustainability and eco-friendly products in North Jeolla Province, garment steamers, known for their relatively lower energy consumption compared to irons, are in demand.
Principal Consultant
Based on material, the garment steamer industry in Korea is likely to be dominated by the aluminium segment, with a share of 13.80%. The garment steamer is categorized into plastics, metal, stainless steel and iron.
Garment steamers constructed aluminium are lightweight and easier to handle and carry around. Portability is a significant factor for consumers, especially for those who travel frequently or have limited storage space at home.
Aluminum garment steamers have a longer lifespan compared to some other materials. This durability contributes to their popularity as a long-term investment.
| Attribute | Details |
|---|---|
| Material | Aluminium |
| Value Share | 13.80% |
In 2024, the commercial segment is projected to hold an industry share of 59.40%. The demand for garment steamer is high in commercial environments like hotels, clothing stores, or laundromats, where speed and efficiency are crucial. Commercial garment steamers, have ability to quickly and effectively remove wrinkles from multiple garments, offer a faster solution compared to traditional irons.
Commercial garment steamers are designed to handle larger volumes of clothing within a shorter time frame. They typically have larger water tanks and more robust steam output, allowing for continuous use without frequent refills.
| Attribute | Details |
|---|---|
| End User | Commercial |
| Value Share | 59.40% |
Germent steamer industry players are using mergers & acquisitions as a critical strategy for expanding their geographical presence and for more business in terms of revenue. Massive investments in Research and Development and strategic partnerships have allowed the players to establish a firm foothold in the industry in Korea, enlarging their share in region.
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 74.7million |
| Projected Industry Size in 2034 | US$ 195.1 million |
| Anticipated CAGR between 2024 to 2034 | 10.10% CAGR |
| Historical Analysis of Demand for Garment Steamer in Korea | 2019 to 2023 |
| Demand Forecast for Garment Steamer in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Garment Steamer in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local Providers in Korea |
| Key Province Analyzed while Studying Opportunities Garment Steamer in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
| Key Companies Profiled | LG Electronics; Hamilton Beach Brands Holding Company; Spectrum Brands; AICOK; Groupe SEB; Conair Corporation; Pure Enrichment Company; BLACK+DECKER Inc.; Reliable Corporation; Electrolux AB |
The estimated valuation of the garment steamer in Korea is US$ 74.7 million in 2024.
The anticipated CAGR for the garment steamer ecosystem through 2034 is 10.10%.
Demand for garment steamer in Korea will be US$ 195.1 million by 2034.
Aluminium remains the top material segment for manufacturing garment steamer in Korea.
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Handheld/Portable
5.3.2. Upright/Non-Portable
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By End Use, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By End Use, 2024 to 2034
6.3.1. Household/Residential
6.3.2. Commercial
6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
7. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Power
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Power, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Power, 2024 to 2034
7.3.1. Below 750 Watt
7.3.2. 750-1000 Watt
7.3.3. 1000-1500 Watt
7.3.4. 1500-2500 Watt
7.3.5. 2500 Watt & above
7.4. Y-o-Y Growth Trend Analysis By Power, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Power, 2024 to 2034
8. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Water Tank Capacity
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Water Tank Capacity, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Water Tank Capacity, 2024 to 2034
8.3.1. Below 500 ml
8.3.2. 500-1 Litre
8.3.3. 1-2 Litre
8.3.4. 2-3 Litre
8.3.5. 3-4 Litre
8.3.6. 4 Litre & above
8.4. Y-o-Y Growth Trend Analysis By Water Tank Capacity, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Water Tank Capacity, 2024 to 2034
9. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Material, 2019 to 2023
9.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Material, 2024 to 2034
9.3.1. Plastic
9.3.2. Metal
9.3.3. Aluminium
9.3.4. Stainless Steal
9.3.5. Cast Iron
9.3.6. Ceramic
9.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034
10. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Sales Channel, 2019 to 2023
10.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Sales Channel, 2024 to 2034
10.3.1. Direct
10.3.2. Indirect
10.3.2.1. Hypermarket/Supermarket
10.3.2.2. Multi-Brand Stores
10.3.2.3. Exclusive Store
10.3.2.4. Independent Stores
10.3.2.5. Online Retailers
10.3.2.6. Others
10.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
10.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
11. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2019 to 2023
11.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2024 to 2034
11.3.1. South Gyeongsang
11.3.2. North Jeolla
11.3.3. South Jeolla
11.3.4. Jeju
11.3.5. Rest of Korea
11.4. Market Attractiveness Analysis By Region
12. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Product Type
12.2.2. By End Use
12.2.3. By Power
12.2.4. By Water Tank Capacity
12.2.5. By Material
12.2.6. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By End Use
12.3.3. By Power
12.3.4. By Water Tank Capacity
12.3.5. By Material
12.3.6. By Sales Channel
12.4. Key Takeaways
13. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Product Type
13.2.2. By End Use
13.2.3. By Power
13.2.4. By Water Tank Capacity
13.2.5. By Material
13.2.6. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By End Use
13.3.3. By Power
13.3.4. By Water Tank Capacity
13.3.5. By Material
13.3.6. By Sales Channel
13.4. Key Takeaways
14. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product Type
14.2.2. By End Use
14.2.3. By Power
14.2.4. By Water Tank Capacity
14.2.5. By Material
14.2.6. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By End Use
14.3.3. By Power
14.3.4. By Water Tank Capacity
14.3.5. By Material
14.3.6. By Sales Channel
14.4. Key Takeaways
15. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
15.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Product Type
15.2.2. By End Use
15.2.3. By Power
15.2.4. By Water Tank Capacity
15.2.5. By Material
15.2.6. By Sales Channel
15.3. Market Attractiveness Analysis
15.3.1. By Product Type
15.3.2. By End Use
15.3.3. By Power
15.3.4. By Water Tank Capacity
15.3.5. By Material
15.3.6. By Sales Channel
15.4. Key Takeaways
16. Rest of Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
16.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Product Type
16.2.2. By End Use
16.2.3. By Power
16.2.4. By Water Tank Capacity
16.2.5. By Material
16.2.6. By Sales Channel
16.3. Market Attractiveness Analysis
16.3.1. By Product Type
16.3.2. By End Use
16.3.3. By Power
16.3.4. By Water Tank Capacity
16.3.5. By Material
16.3.6. By Sales Channel
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product Type
17.3.3. By End Use
17.3.4. By Power
17.3.5. By Water Tank Capacity
17.3.6. By Material
17.3.7. By Sales Channel
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. LG Electronics
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Hamilton Beach Brands Holding Company
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Spectrum Brands
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. AICOK
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Groupe SEB
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Conair Corporation
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Pure Enrichment Company
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. BLACK+DECKER Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Reliable Corporation
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Electrolux AB
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Demand and Trend Analysis of Garment Steamer in Korea
