Electric Dryers Market Share, Size, Trends, Growth, Report and Forecast Till 2024

Global Electric Dryers Market Research Report and Forecast

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Global Electric Dryers Market Overview: According to latest report by IMARC Group, titles “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” the global electric dryers market reached a value of US$ 10.7 Billion in 2018. An electric dryers is a kind of electronic home appliance that comprises a rotation drum, coiled wires to heat the air present inside the drum, and an exhaust vent to pass out water in the form of stem, It is widely used in the domestic sector to remove moisture from clothes and other textiles products. Since these dryers offer faster drying cycle as compared to the traditional way of open drying of clothes, they are rapidly becoming and indispensable part of the domestic sector, especially in urban areas.

Electric Dryers Market Trends Unlike air drying, electric dryers act as a more convenient option for drying clothes as they are less time consuming and work irrespective of the weather conditions. Air drying of clothes takes up a significant amount of time off and individual’s busy schedule, while electric dryers perform the task in less time and effectively as well. Apart from this, governments of several countries are promoting the use of energy-saving appliances.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Other factors such as rising disposable income, aggressive promotional activities by manufacturers, and growing urbanization also contribute to the market growth. On account of these factors, the global electric dryers market size, is anticipated to reach US$ Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.

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This has driven the consumers to opt for dryers with energy labels such as ENERGY STAR, which represent the energy efficiency rate of a product. Furthermore, innovative features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors are also contributing to the demand for these dryers.

Market Segmentation: Market Segmentation by Product Type • •

Vented Dryer Ventless/Condenser Dryer

Based on the product type, vented dryer represents the most popular product type, followed by ventless/condenser dryer.

Market Segmentation by End-User • •

Commercial Residential

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Based on the end user, the market has been bifurcated into commercial and residential. Presently, the residential segment accounts for the majority of the total market share.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On the geographical front, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America currently holds the dominant market share.

Market Segmentation by Distribution Channel • •

Specialty Stores Company-Owned Stores

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Hypermarkets and Supermarkets Online Others

On the basis of the distribution channel, the market has been divided into specialty stores, companyowned stores, hypermarkets and supermarkets, online and others. Amongst these, specialty stores hold the leading position in the market.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • •

Samsung Electronics Co., Ltd. Whirlpool Corporation Electrolux AB LG Electronics Arçelik Gorenje

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Haier Group Corporation Panasonic Corporation Smeg Group S.p.A. GE Asko Crosslee Hoovers Kenmore Appliances Midea Miele Robert Bosch Robert Bosch GmbH Sears Holdings (Kenmore)

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