Dryers Market Report 2024: Strategies And Recent Developments | 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

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Dryers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
The main types of dryers are spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, solar clothes dryers, and others. The various vent types include vented dryers, ventless/condenser dryers. A spin dryer is a low-energy dryer that uses centrifugal force to remove water from clothes. These dryers are typically much smaller than standard clothes dryers and do not use heat to dry clothes, instead, they rely on centrifugal force. The dryers are distributed through specialty stores, company-owned stores, hypermarkets, supermarkets, and online and other sales channels, and are used by commercial and residential end-users.

Major Driver - Technological Advancements And IOT Integration Propel Dryer Market Growth As Internet Access Soars Globally
Technological advances are expected to drive the growth of the market for dryers 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.

Competitive Landscape:
Major companies operating in the dryers market include 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

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Top Trend - Dryer Manufacturers Prioritize Energy Efficiency To Meet Global Regulations And Consumer Demands
Dryer manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR certified dryers use 20% less energy than a standard washing machine.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dryers Market Characteristics
3. Dryers Market Trends And Strategies
4. Dryers Market - Macro Economic Scenario
5. Dryers Market Size And Growth
…..
27. Dryers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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