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 USD 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 USD 195.1 million.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
| Attributes | Details |
|---|---|
| Expected Value in 2024 | USD 74.7 million |
| Projected Value in 2034 | USD 195.1 million |
| CAGR Estimation from 2024 to 2034 | 10.10% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
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.
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.
Product Offering
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 74.7million |
| Projected Industry Size in 2034 | USD 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 USD 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 USD 195.1 million by 2034.
Aluminium remains the top material segment for manufacturing garment steamer in Korea.
Explore Apparel & Fashion Insights
View Reports
Demand and Trend Analysis of Garment Steamer in Korea
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
