Electric Dryers Market Size, Growth, Future Trends, Key Players and Industry Analysis Report 2024-2032

Electric dryers are specialized home appliances that are used for removing moisture from clothes, bedding, and other textile products. They can be broadly categorized into two types, including vented dryers and condenser dryers. These electric dryers function with the help of a rotating tumbler or drum that holds the clothes, electrically powered heaters that heat the air inside the tumbler, and an exhaust vent that passes out water in the form of steam. As compared to gas dryers, these dryers are considerably cheaper and do not emit carbon dioxide into the atmosphere. Consequently, electric dryers are in extensive demand across the globe.

The global electric dryers market size reached US$ 13.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

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What are the emerging trends in the electric dryers market?

The shifting consumer preferences toward the product to avoid the hassles and time required for air drying clothes, especially in micro-apartments, are primarily driving the electric dryers market. Additionally, the increasing product availability through several online and offline organized distribution channels that ensure convenient home delivery systems is acting as another significant growth-inducing factor. Moreover, the growing integration of the internet of things (IoT) technology with electric dryers that allow users to connect with it and operate via the internet is further stimulating the global market.

Besides this, the introduction of new products that are installed with noise emission systems and the rising investments by leading market players in research and development (R&D) activities for manufacturing energy-efficient products, owing to an enhanced focus on sustainability and the inflating electricity bills, are also positively influencing the global market. In line with this, the launch of electric dryers with clothes-specific options that offer various degrees of care while drying is expected to propel the electric dryers market over the forecasted period.

Competitive Landscape:

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

• 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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Electric Dryers Market Segmentation:

The report has segmented the market into the following categories:

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

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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.

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This release was published on openPR.