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Dryers Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Dryers Market
Dryers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for dryers has seen significant growth in recent years. The market is projected to rise from $14.53 billion in 2024 to $15.44 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.3%. Factors such as the industrial revolution, evolving lifestyles, urbanization, and marketing and advertising strategies have contributed to the notable growth during the historic period.
Dryers Market Size Forecast: What's the Projected Valuation by 2029?
The market for dryers is projected to experience robust expansion in the coming years, rising to $18.88 billion by 2029 with a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this expected growth can be identified as energy effectiveness, the advent of smart and interconnected devices, health and allergen management, personalization and visual appeal, as well as compact and space-saving features. Noteworthy trends set to take center stage within this period encompass the advent of heat pump dryers, steam and wrinkle-release features, sensor technology, the use of environment-friendly materials, and quiet operation.
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What Are the Drivers Transforming the Dryers Market?
The progress in technology is anticipated to fuel the expansion of the dryer market in the predicted timeline. The proliferation of internet accessibility and smartphone usage has facilitated the creation and usage of innovative technology-based devices. By 2024, there would be 5.35 billion internet users, which represents 66.2 percent of the global population. The number of internet users has seen a rise by 1.8 percent in the last year, with 97 million newcomers accessing the internet for the first time in 2023.
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What Long-Term Trends Will Define the Future of the Dryers Market?
Primary players in the dryer industry are pivoting towards the creation of advanced technological solutions, including the integration of hair care technology, to secure a competitive advantage. Hair care technology encompasses the usage of sophisticated equipment, products, and scientific breakthroughs to enhance hair health, appearance, and upkeep. Namely, Dyson, an American firm specializing in fasteners and forgings, unveiled Supersonic Nural, a smart hair dryer called Cromax in March 2024. This groundbreaking product presents distinctive features like Scalp Protect Mode to shield against thermal damage, Attachment Learning for customized settings, Pause Detect to lessen heat exposure when not in use, and Capsule Illumination offering visual feedback on temperature configurations.
Which Segments in the Dryers Market Offer the Most Profit Potential?
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 Or Condenser Dryer
3) By Distribution Channel: Specialty Stores, Company-Owned Stores, Hyper markets And Super markets, Online, Other Distribution Channels
4) By End User: Commercial, Residential
Subsegments:
1) By Spin Dryers: Front-Loading Spin Dryers, Top-Loading Spin Dryers
2) By Condenser Dryers: Air-Cooled Condenser Dryers, Water-Cooled Condenser Dryers
3) By Heat Pump Dryers: Air Source Heat Pump Dryers, Water Source Heat Pump Dryers
4) By Mechanical Steam Compression Dryers: Batch Mechanical Steam Compression Dryers, Continuous Mechanical Steam Compression Dryers
5) By Solar Clothes Dryer: Solar Tumble Dryers, Solar Rack Dryers
6) By Other Types: Microwave Dryers, Freeze Dryers, Fluidized Bed Dryers
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Which Firms Dominate the Dryers Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Dryers Market?
Asia-Pacific was the largest region in the dryers market in 2023. Western Europe was the second-largest region in the dryers market. The regions covered in the dryers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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