Product Code: ETC105588 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Electric Iron market currently, in 2023, has witnessed an HHI of 6183, Which has increased slightly as compared to the HHI of 4171 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines electric iron market was valued at USD 52.7 million in 2025 and is expected to reach USD 56.3 million by 2031, growing at a CAGR of 1.45% during the forecast period. The demand for electric irons has been increasing due to their convenience when used for household tasks such as pressing clothes or fabrics, as well as their ability to provide even heating across wide areas with minimal effort on the user`s part. In addition, rising disposable incomes have resulted in an increased consumer preference for more expensive products that offer better features and performance than traditional models; this has contributed significantly towards growth of the Philippines electric iron market over recent years.
The Philippines electric iron market is influenced by factors such as urbanization, changing lifestyles, and an emphasis on clothing care and presentation. As urban populations grow, more households seek efficient solutions for ironing clothes. The need for well-groomed appearances for both professional and personal reasons further drives the demand for electric irons. Technological advancements that enhance ironing efficiency and convenience, as well as energy efficiency improvements, play a role in shaping the market.
The Philippines electric iron market, catering to the household and garment industries, encounters challenges related to energy efficiency and safety. As consumers and regulatory bodies emphasize energy conservation, manufacturers must develop electric irons that consume less power while delivering effective performance. Ensuring the safety of electrical appliances, including features like auto-shutoff mechanisms, is crucial to prevent accidents. The market also faces competition from alternative ironing solutions and the need to incorporate innovative features to attract consumers.
The Philippines electric iron market experienced shifts due to the COVID-19 pandemic. Electric irons are essential household appliances. The disruptions in manufacturing and supply chains, as well as changes in consumer behavior, impacted the demand for these products. With lockdown measures and remote working arrangements, consumer spending on certain appliances fluctuated. As economic activities gradually return to normal and consumer preferences stabilize, the electric iron market is expected to recover. The market`s resurgence will be driven by the need for home appliances and the adaptation to changing lifestyles.
The Philippines electric iron market, catering to household and commercial needs, might include key players such as Philips Philippines. This well-known brand offers a range of home appliances, including electric irons. Another notable participant could be Hanabishi, a local appliance manufacturer, contributing to the market by providing affordable and reliable electric irons, influencing the ironing solutions available in the country.
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 Philippines Electric Iron Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Electric Iron Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Electric Iron Market - Industry Life Cycle |
3.4 Philippines Electric Iron Market - Porter's Five Forces |
3.5 Philippines Electric Iron Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Philippines Electric Iron Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Philippines Electric Iron Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Electric Iron Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Electric Iron Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Electric Iron Market Trends |
6 Philippines Electric Iron Market, By Types |
6.1 Philippines Electric Iron Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Philippines Electric Iron Market Revenues & Volume, By Function, 2018 - 2031F |
6.1.3 Philippines Electric Iron Market Revenues & Volume, By Automatic, 2018 - 2031F |
6.1.4 Philippines Electric Iron Market Revenues & Volume, By Non-automatic, 2018 - 2031F |
6.2 Philippines Electric Iron Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Electric Iron Market Revenues & Volume, By Dry, 2018 - 2031F |
6.2.3 Philippines Electric Iron Market Revenues & Volume, By Steam, 2018 - 2031F |
6.3 Philippines Electric Iron Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Electric Iron Market Revenues & Volume, By Residential, 2018 - 2031F |
6.3.3 Philippines Electric Iron Market Revenues & Volume, By Commercial, 2018 - 2031F |
6.4 Philippines Electric Iron Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Electric Iron Market Revenues & Volume, By Offline, 2018 - 2031F |
6.4.3 Philippines Electric Iron Market Revenues & Volume, By Online, 2018 - 2031F |
7 Philippines Electric Iron Market Import-Export Trade Statistics |
7.1 Philippines Electric Iron Market Export to Major Countries |
7.2 Philippines Electric Iron Market Imports from Major Countries |
8 Philippines Electric Iron Market Key Performance Indicators |
9 Philippines Electric Iron Market - Opportunity Assessment |
9.1 Philippines Electric Iron Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Philippines Electric Iron Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Philippines Electric Iron Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Electric Iron Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Electric Iron Market - Competitive Landscape |
10.1 Philippines Electric Iron Market Revenue Share, By Companies, 2024 |
10.2 Philippines Electric Iron Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |