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Smart Drying Racks Market is Estimated to Grow at a CAGR of 5.2% within the forecast period of 2023-2030: Cognitive Market Research
Smart Drying Racks Market is Estimated to Grow at a CAGR of 5.2% within the forecast period of 2023-2030: Cognitive Market Researc
Smart Drying Racks are becoming popular in the last couple of years. Drying racks are effective in areas facing a space crunch. Convertible drying racks also known as collapsible drying racks that can be used and removed as needed are becoming worldwide. Smart drying racks are remotely controlled through mobile application. Smart drying racks are equipped with LED strips with different color temperature that provides additional light source.
The growing acceptance of smart drying racks is the factor boosting the market. It gives protection from rain and other factors has risen with the availability of these racks in variety of configuration, increasing in adoption in the market.
Summary:
Global Smart Drying Racks Market is valued at USD 2,766 Million in 2022, Growing at a CAGR of 5.2% during the forecast period 2023-2030.
To know more about Smart Drying Racks Market statistics click here: https://www.cognitivemarketresearch.com/smart-drying-racks-market-report
Market Dynamics
Rising Demand for Small, Effective, and Efficient Racks
The rising demand for small effective and efficient racks that can fit in smaller spaces have increased the demand for portable smart drying racks. Surge in demand for ease while drying clothes in limited areas is one the reasons for the growth of the market. Additionally demand for residential housing have increased at incredible rates with rising urbanization. Demand of small and efficient racks is expected to increase during the period due to growth in number of housing units.
Market Segmentation:
Product Type Segment Analysis:
Wall free standing racks are anticipated to significantly grow as a product category at a remarkable rate. Free standing drying racks are widely used since they are portable comes in variety of forms and sizes and have high adoption rate. Free standing racks are the market leaders due to their very effective installation and usage.
Material Type Segment Analysis:
From different materials types used in making drying rack, metal made racks have a market share of about 31% and are top cloth drying racks. Metal clothes drying racks are more durable and has longer lifespan than other material types. The use of heating technology, which can be implemented in metal cloth drying racks since other materials have high failure rate for different reasons is another reason that is accelerating the use of metal cloth drying racks.
Distribution Channel Segment Analysis:
Smart Drying Racks can be brought online and offline stores. Online sites provide discounts on the product purchases and also provides delivery of the product on the address. Hence people are leaning towards online shopping due discounts and product comparison ease.
Companies involved in Global Smart Drying Racks Market:
Xcentrik, Lbest, HK, Mr.Bond, Hotata, Cobbe, ASJ, Xiaomi Corporation.
Get free sample pages of latest published Smart Drying Racks Market 2023: https://www.cognitivemarketresearch.com/smart-drying-racks-market-report
News
September 2022
In 2022, Xiaomi released a clothes dryer named the Smart Clothes Dryer Pro. The product has been introduced under the MIJIA brand and their moto is to make life simpler and easier.
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart Drying Racks Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Smart Drying Racks Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Smart Drying Racks Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Smart Drying Racks Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Smart Drying Racks Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Drying Racks Market Regional Analysis
Chapter 11 North America Smart Drying Racks Market Outlook (2018 - 2030)
Chapter 12 Europe Smart Drying Racks Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Smart Drying Racks Market Outlook (2018 - 2030)
Chapter 14 Latin America Smart Drying Racks Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Smart Drying Racks Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Related Reports:
https://www.cognitivemarketresearch.com/bottle-drying-racks-market-report
https://www.cognitivemarketresearch.com/shoe-drying-racks-market-report
https://www.cognitivemarketresearch.com/electric-drying-racks-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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