Major players in the electric dryers manufacturing market are Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, and Conair.
The global electric dryers market is expected to grow from $11.15 billion in 2021 to $11.96 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.77 billion in 2026 at a CAGR of 5.4%.
The electric dryers manufacturing market consist of sales of clothes dryers.The clothes dryers are extensively employed by the household consumers for carrying out the activity of drying clothes.
The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust mites from the clothes.
The main types of electric dryers manufacturing market are spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, solar clothes dryers, other types.A spin dryer is a device that extracts water from clothes, linen, etc, by spinning them in a perforated drum The types of vents are vented dryer, ventless/condenser dryer.
The distribution channels are specialty stores, company-owned stores, hypermarkets and supermarkets, online, others. The various end-users are commercial, residential.
North America was the largest market in the electric dryers market in 2021. The regions covered in this report are North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East, and Africa.
Technological advances will drive the market for dryers in the forecast period.Increased access to the internet and the use of smartphones supported the development and consumption of innovative technologically enabled appliances.
More than 330 million people use the internet, taking the total number of global internet users to 4.72 billion by April 2021 and 48.2% of internet users accessed the web from a mobile device. Furthermore, increasing integration of the Internet of Things (IoT) allowed customers to connect with the dryers via the internet and remotely control essential tasks by collecting and exchanging data. This in turn drives the market for dryers in the forecast period.
Increasing demand for online on-demand laundry services is expected to restrain the market for dryers in the forecast period.The on-demand laundry services market is expected to be aided by a stable economic growth forecast in many developed and developing countries.
The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register a GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with the hectic lifestyle of individuals will lead to an increase in on-demand laundry services, thereby limiting the growth of the market for dryers.
Dryer manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers.The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology.
Energy-efficient appliances are designed to utilize minimum energy to complete the required task.Currently, over 80 countries have standards and labels for energy-efficient appliances.
For example, in the USA, ENERGY STAR certified dryers use 20% less energy than a standard washing machine.
The countries covered in the electric dryers manufacturing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Our reports have been used by over 10K customers, including:
The global white goods market reached a value of US$ 647.5 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 923.7 Billion by 2027 exhibiting a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
North America is the fastest-growing region for the luxury appliance market and is expected to grow by a CAGR of 5.31% by 2026. The Luxury Appliance market in North America is dominated by two big economies namely, America, and Canada. The Appliance market is mature and homogeneous with high product penetration and dominated by replacement...
149 pages •
By Asia Market Information & Development Company
• Nov 2021
This study focuses on China’s Beverage & Wine Cooler market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major...
The Beverage Coolers market report analyses companies, market size outlook across types, applications, countries along with competitive strategies, trends, drivers, opportunities and market developments. The base year for the study is 2020 and the forecast period is from 2021 to 2028. The global Beverage Coolers market is poised to...
The United States LED market was valued at USD 8.58 billion in 2020, and it is expected to reach a value of USD 15.23 billion by 2026, registering a CAGR of 9.85% over the forecast period (2021-2026). The outbreak of COVID-19 has led to a weakened growth of industrial output and the decline in light-manufacturing production across significant...
Setting up home: Rising household numbers have boosted industry demand and revenue Abstract Online Large Appliance Sales in Australia Industry companies sell a range of large appliances such as refrigerators, ovens, cooktops, range hoods, dishwashers, freezers, washing machines and dryers through the...
Abstract Global Household Cooking & Appliance Manufacturing Buoyed primarily from rising demand for industry products among developing economies, the Global Household Cooking and Appliance Manufacturing industry is projected to expand over the five years to 2019. Even as global economic growth remained tepid...
46 pages •
By Euromonitor International
• Feb 2021
The report covers the five major consumer appliance categories, and considers the current state of the market, demand drivers and forecast to 2025. It examines the five key trends shaping major consumer appliances: Sustainability, new business models, smart appliances, value proposition, and omnichannel sales. This report also identifies key...
126 pages •
By Euromonitor International
• Jan 2021
Retail volume sales of consumer appliances were severely hit in India in 2020, breaking the steady growth pattern seen in the previous years of the review period. The COVID-19 outbreak, which continues to be a challenge in the country, greatly impacted consumers’ preferences, lifestyle and purchasing behaviour in 2020, affecting demand for...
43 pages •
By Euromonitor International
• Jan 2021
With the decrease in demand for residential housing in India in 2020 caused by the impact of COVID-19, volume sales of large cooking appliances also shrank significantly. The performance of the property market significantly impacts sales of large kitchen appliances as buyers look forward to planning their kitchens. In the review period, demand...
Small Appliance Revenue
White Goods Revenue
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.