Global Electric Dryers Market 2019 Share, Current Trends, Opportunities, Growth Size & Forecasts 2024

According to the latest report by IMARC Group titled, “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 10.7 Billion 2018. Looking forward, the market is expected to reach a value of US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.

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Electric dryers are home appliances which help in drying clothes by removing moisture from them. These dryers offer many advantages such as convenience, easy installation, and cost-effectiveness. Over the past few years, electric dryers have gained popularity across the globe due to the hectic lifestyles of the working population and their elevating incomes.
With rapid urbanization, particularly in populated regions like India and China, consumers have started living in smaller apartments. The shortage of space within the apartments for air drying clothes has further contributed to an increased demand for electric dryers. Also, electric dryers offer advanced features such as LED interfaces, and temperature and moisture sensing control. Owing to this, consumers residing in colder climates, are shifting from air dryers to electric dryers. These dryers also help in saving energy, reducing wear and tear on clothes and even enabling consumers to monitor and control their dryers using smartphones. Moreover, a large number of consumers are investing in ENERGY STAR certified electric dryers as various governments as well as non-governmental organizations are promoting the use of energy-efficient appliances to reduce overall electricity consumption.

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Global Electric Dryers Market Segmentation:

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

Competitive Landscape:

The report has also examined the competitive landscape of global electric dryers market. Some of the major players in the market are Samsung Electronics Co., 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, Robert Bosch, Robert Bosch GmbH and Sears Holdings (Kenmore).

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

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This release was published on openPR.