Press release
Dryers Market Size, Share, Industry Analysis, Segments And Forecast To 2033
Dryers Market
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.
Market Overview -
Electric dyers are defined as equipment that is extensively employed by household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust mites from the clothes.
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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
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.
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Key Segments -
The dryers market covered in this report is segmented -
1) By Type: Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, Other Types
2) By Type Of Vent: Vented Dryer, Ventless/Condenser Dryer
3) By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Other Distribution Channels
4) By End User: Commercial, Residential
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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