Report Description Report Description and Highlights

Global Electric Dryers Market Trends :

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).