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Dryers Market trends, Top Companies, Share, Growth And Forecast 2033
Dryers Market
The Business Research Company's Dryers Global Market Report 2024 identifies technological advances as the major driver for the dryers market's growth 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 growth of dryers market in the forecast period.
The dryers market size has grown strongly in recent years. It will grow from $13.01 billion in 2023 to $14.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to industrial revolution, changing lifestyles, urbanization, marketing and advertising.
The dryers market size is expected to see strong growth in the next few years. It will grow to $19.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to energy efficiency, smart and connected appliances, health and allergen control, customization and aesthetics, compact and space-saving solutions. Major trends in the forecast period include heat pump dryers, steam and wrinkle-release functions, sensor technology, sustainable materials, quiet operation.
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Major competitors in the dryers market are Haier Electronics Group Co. Ltd., LG Electronics Inc., Samsung Electronics Co. Ltd., Robert Bosch GmbH, Koninklijke Philips N.V. (Royal Philips), Whirlpool Corporation, Panasonic Corporation, Groupe SEB, HAAN Corporation, Conair Corporation, Fridja Limited, CUORI ELECTRICAL APPLIANCES (Cuori), Electrolux AB, Jiffy Steamer Company LLC, Sears Holdings Corporation, Asko Appliances, Crosslee PLC, Midea Group Co. Ltd., Miele & Cie. KG, Smeg S.p.A., Gorenje Group, Amana (Amana Corporation), Frigidaire (Frigidaire International), Maytag Corporation, Indesit Company (now part of Whirlpool Corporation), Zanussi (Zanussi Group), Bosch (Robert Bosch GmbH), GE Appliances (General Electric Appliances), Kenmore (Kenmore Appliances), Speed Queen (Alliance Laundry Systems), Fisher & Paykel Appliances, Blomberg, Summit Appliance, Danby Appliances Inc., Avanti Products LLC, Panda (Panda Appliances), Magic Chef (MCA Corporation), Equator Advanced Appliances, EdgeStar, Hotpoint (Hotpoint Appliances), Hoover (Hoover Ltd.), Ariston (Ariston Thermo Group), Candy (Candy Group), Beko (Beko Elektronik A.S.), Hisense Group Co. Ltd., Toshiba Corporation
A key trend in the dryers market includes technological advancement. Major companies operating in the dryers' market are innovating new technologies such as Dyson Airblade to increase their profitability in the market. The Dyson Airblade hand dryers operate within a fiercely competitive market, where companies are consistently launching fresh and inventive products to address the evolving needs of their clientele. For instance, in March 2023 Central Marketing Group (CMG), a Thailand-based subsidiary of Central Retail Corporation (CRC), launched the 'Dyson Airblade' hand dryer in Thailand. The product is offered in three variations: the Dyson Airblade wash+dry, the Dyson Airblade 9KJ, and the Dyson Airblade V.
Read More On The Global Dryers Market Report Here:
https://www.thebusinessresearchcompany.com/report/dryers-global-market-report
The dryers market is segmented -
• By Type: Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, Other Types
• By Type Of Vent: Vented Dryer, Ventless/Condenser Dryer
• By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Other Distribution Channels
• By End User: Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the dryers market.
The Business Research Company's "Global Dryers Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Dryers Market Include:
1. Executive Summary
2. Dryers Market Characteristics
3. Dryers Market Trends And Strategies
4. Dryers Market - Macro Economic Scenario
5. Global Dryers Market Size and Growth
……
31. Global Dryers Market Competitive Benchmarking
32. Global Dryers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Dryers Market
34. Dryers Market Future Outlook and Potential Analysis
35. Appendix
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