Market Forecast By Types (Housewares, Fans), By Electric Fans Types (Ceiling Fans, Floor Fans, Wall-mounted Fans), By Electric Housewares Types (Air purifiers, Blenders, Broilers, Hair curlers, Heaters, Toothbrushes, Others) And Competitive Landscape
Product Code: ETC019445 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Iraq Electric Housewares and Fans Market |
Forecast period | 2025-2031 |
CAGR | 7.1% |
Growing Sector | Household Appliances |
The Iraq Electric Housewares and Fans Market report thoroughly covers the market by Types, Electric Fans Types, and Electric Housewares Types. The report provides an in-depth and thorough analysis of the current market trends, opportunities/high growth areas, and market drivers which will help stakeholders in formulating and aligning their market strategies according to the present and future market dynamics.
The Iraq Electric Housewares and Fans Market is projected to witness substantial growth during the forecast period. This growth can be attributed to the growing demand for household appliances in urban and rural areas of Iraq.
According to 6Wresearch, the Iraq Electric Housewares and Fans Market is expected to grow at a CAGR of 7.1% during 2025-2031. The growth of the Iraq Electric Housewares and Fans Market is driven by several factors, including increasing urbanization and disposable income in the country. Moreover, with ongoing infrastructure development projects in Iraq, there is a growing need for efficient and reliable household appliances. This has resulted in a higher demand for electric housewares and fans, as they offer convenience, energy efficiency, and cost-effectiveness. Another important factor driving market growth is the rising awareness about energy-efficient products. With an increasing emphasis on sustainable living and reducing energy consumption, consumers are actively looking for appliances that can help them save on electricity bills. Electric housewares and fans have advanced features such as timer settings, automatic shut-off options, and energy-saving modes, making them a popular choice among environmentally conscious consumers.
Despite the promising growth prospects, the Iraq Electric Housewares and Fans Market faces challenges. These include the high cost associated with these products, making them less affordable for lower-income households. Additionally, frequent power outages in some parts of Iraq may also affect the demand for electric housewares and fans. Furthermore, lack of proper infrastructure and distribution channels in rural areas could limit market penetration and sales.
Key players in the Iraq Electric Housewares and Fans Market include international brands like Electrolux, Whirlpool Corporation, LG Electronics, Panasonic Corporation, Samsung Electronics, and Dyson. These companies are investing heavily in R&D to create innovative and efficient products to expand their market presence. Currently, Electrolux holds the largest share in the market.
The Iraqi government has implemented several regulations and standards to ensure the safety and quality of electric housewares and fans in the market. These include mandatory certification, labelling requirements, and energy efficiency standards for appliances. The Ministry of Industry and Minerals is responsible for enforcing these regulations and regularly conducts inspections to ensure compliance by manufacturers and distributors. Moreover, the government has also implemented measures to promote local production of household appliances, including electric housewares and fans. This includes providing subsidies for manufacturing plants and offering tax incentives for companies that invest in local production.
The Iraq Electric Housewares and Fans Market is expected to continue growing in the coming years, driven by factors such as increasing urbanization, electrification, and changing lifestyles, advancements in appliance technology, and the rising trend of smart appliances. The market is expected to witness technological advancements in electric housewares and fans, leading to more innovative and efficient products. Furthermore, with the rise of smart homes and the Internet of Things (IoT), there is a growing demand for connected appliances that can be controlled remotely through smartphones or other devices. This presents an opportunity for manufacturers to tap into this emerging trend and develop products that cater to consumer needs. Moreover, as the housing industry continues to grow in Iraq, there will be a higher demand for household appliances such as electric housewares and fans.
According to Dhaval, Research Manager, 6Wresearch, Electric Housewares hold the dominant market share due to their wide applications and convenience.
Ceiling fans are expected to hold the dominant share due to their energy efficiency and wide use in residential and commercial buildings.
Air purifiers are expected to dominate due to their increasing demand amid growing health concerns and environmental pollution.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iraq Electric Housewares and Fans Market Overview |
3.1 Iraq Country Macro Economic Indicators |
3.2 Iraq Electric Housewares and Fans Market Revenues & Volume, 2021 & 2031F |
3.3 Iraq Electric Housewares and Fans Market - Industry Life Cycle |
3.4 Iraq Electric Housewares and Fans Market - Porter's Five Forces |
3.5 Iraq Electric Housewares and Fans Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Iraq Electric Housewares and Fans Market Revenues & Volume Share, By Electric Fans Types, 2021 & 2031F |
3.7 Iraq Electric Housewares and Fans Market Revenues & Volume Share, By Electric Housewares Types, 2021 & 2031F |
4 Iraq Electric Housewares and Fans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Iraq Electric Housewares and Fans Market Trends |
6 Iraq Electric Housewares and Fans Market, By Types |
6.1 Iraq Electric Housewares and Fans Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Iraq Electric Housewares and Fans Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Iraq Electric Housewares and Fans Market Revenues & Volume, By Housewares, 2021-2031F |
6.1.4 Iraq Electric Housewares and Fans Market Revenues & Volume, By Fans, 2021-2031F |
6.2 Iraq Electric Housewares and Fans Market, By Electric Fans Types |
6.2.1 Overview and Analysis |
6.2.2 Iraq Electric Housewares and Fans Market Revenues & Volume, By Ceiling Fans, 2021-2031F |
6.2.3 Iraq Electric Housewares and Fans Market Revenues & Volume, By Floor Fans, 2021-2031F |
6.2.4 Iraq Electric Housewares and Fans Market Revenues & Volume, By Wall-mounted Fans, 2021-2031F |
6.3 Iraq Electric Housewares and Fans Market, By Electric Housewares Types |
6.3.1 Overview and Analysis |
6.3.2 Iraq Electric Housewares and Fans Market Revenues & Volume, By Air purifiers, 2021-2031F |
6.3.3 Iraq Electric Housewares and Fans Market Revenues & Volume, By Blenders, 2021-2031F |
6.3.4 Iraq Electric Housewares and Fans Market Revenues & Volume, By Broilers, 2021-2031F |
6.3.5 Iraq Electric Housewares and Fans Market Revenues & Volume, By Hair curlers, 2021-2031F |
6.3.6 Iraq Electric Housewares and Fans Market Revenues & Volume, By Heaters, 2021-2031F |
6.3.7 Iraq Electric Housewares and Fans Market Revenues & Volume, By Toothbrushes, 2021-2031F |
7 Iraq Electric Housewares and Fans Market Import-Export Trade Statistics |
7.1 Iraq Electric Housewares and Fans Market Export to Major Countries |
7.2 Iraq Electric Housewares and Fans Market Imports from Major Countries |
8 Iraq Electric Housewares and Fans Market Key Performance Indicators |
9 Iraq Electric Housewares and Fans Market - Opportunity Assessment |
9.1 Iraq Electric Housewares and Fans Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Iraq Electric Housewares and Fans Market Opportunity Assessment, By Electric Fans Types, 2021 & 2031F |
9.3 Iraq Electric Housewares and Fans Market Opportunity Assessment, By Electric Housewares Types, 2021 & 2031F |
10 Iraq Electric Housewares and Fans Market - Competitive Landscape |
10.1 Iraq Electric Housewares and Fans Market Revenue Share, By Companies, 2024 |
10.2 Iraq Electric Housewares and Fans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |