Electric Dryers Market Price Trends From 2023 To 2028 And Unlimited Opportunities for New Companies | Industry Updates, Global Leading Players like Samsung Electronics Co., Ltd., Whirlpool Corporation, Electrolux AB, LG Electronics and More

According to the latest report by IMARC Group, titled "Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the widespread product adoption in households, owing to the inflating per capita income levels of individuals, extended working hours, and altering lifestyles, is primarily driving the electric dryers market.

Year considered to estimate the market size:

• Base year of the analysis: 2022
• Historical period: 2017-2022
• Forecast period: 2023-2028

The global electric dryers market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

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Current Trends & Future Predictions:

The launch of several favorable policies by government bodies and non-governmental organizations to promote the utilization of energy-efficient appliances has enabled users to invest in energy star-certified electric dryers, thereby reducing their overall electricity consumption. Besides this, the shifting consumer preferences from air drying towards electric dryers that are less time-consuming and work irrespective of the weather conditions are acting as significant growth-inducing factors.

Moreover, these dryers are commonly equipped with numerous features, including delicate cycle, steam refresh, sanitize cycle, moisture sensors, etc., which is positively influencing the global market. Apart from this, the introduction of product variants with clothes-specific options that require various degrees of care is anticipated to fuel the electric dryers market over the forecasted period.

Market Outlook:

Electric dryers represent home appliances that are used for removing moisture from clothes, beddings, and other textile items. They comprise of a rotating drum as well as coiled wires to heat the air present inside the drum and an exhaust vent to pass out water in the form of steam. Electric dryers offer a faster drying cycle as compared to the traditional way of open drying of clothes. They are replacing gas dryers which emit carbon dioxide into the atmosphere. Furthermore, electric dryers find extensive applications across the domestic sector, especially in urban areas.

Electric Dryers Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the electric dryers market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

• 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 GmbH
• Sears Holdings (Kenmore)

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Market Segmentation of the Electric Dryers Market:

The report has segmented the electric dryers market on the basis of product type, distribution channel, end-user and region.

Based on Product Type:

• Vented Dryer
• Ventless/Condenser Dryer

Based on Distribution Channel:

• Specialty Stores
• Company-Owned Stores
• Hypermarkets and Supermarkets
• Online
• Others

Based on End-User:

• Commercial
• Residential

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/electric-dryer-market

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.