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The latest report by IMARC, titled “ Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028
” the global electric dryers market size reached US$ 12.8 Billion in 2022. Electric dryers are powered household appliances that are used for drying textiles, bedding and clothing products. They consist of a tumbling drum that is equipped with heating coils that generate hot air to dry clothes. Additionally, they include functions like a delicate cycle, steam refresh, moisture sensors, and sanitize cycle that provides clothes-specific wash and varying degrees of care when drying. They are widely available in a wide range of models across the globe that differs on the basis of costs, color, volt current and weight. As a result, they provide numerous benefits, such as ease of installation and low maintenance costs, and can help reduce static and wrinkles.
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The global market is primarily driven by the growing awareness among the masses. Along with this, easy product availability via online and offline organized distribution channels and the advent of home delivery models are providing a boost to the sales of electric dryers across the globe. Moreover, continual technological advancements, such as the deployment of numerous functionalities that enable consumers to control the dry cycle, are creating a positive market outlook. In line with this, the widespread integration of the internet of things (IoT) with electric dryers allowing users to connect with it via the internet, is significantly supporting its demand. With the rising installation of noise emission systems in electric dryers, product demand is increasing on the global level. Apart from this, numerous leading players are heavily investing in the manufacturing of energy-efficient electric dryers due to an enhanced focus on sustainable development and augmenting electricity bills, which is gaining widespread prominence among the masses. Some of the other factors driving the market include rapid urbanization, inflating disposable income levels of individuals and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 17.1 Billion by 2028, exhibiting a CAGR of 5.1% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Product Type:
• Vented Dryer
• Ventless/Condenser Dryer
Breakup by Distribution Channel:
• Specialty Stores
• Company-Owned Stores
• Hypermarkets and Supermarkets
• Online
• Others
Breakup by End-User:
• Commercial
• Residential Regional Insights:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
Ltd.
Whirlpool Corporation
Electrolux AB
LG Electronics
Arçelik
Gorenje
Haier Group Corporation
Panasonic Corporation
Smeg Group S.p.A.
GE
Asko
Crosslee
Hoovers
Kenmore Appliances
Midea
Miele
Sears Holdings (Kenmore).. Kindly note that this only represents a partial list of companies
• the complete list has been provided in the report
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