Top Market Shifts Transforming the Dryers Market Landscape: Key Insights

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What Is the Expected CAGR for the Dryers Market Through 2025?
The size of the dryers market has seen a consistent expansion in the past several years. The growth is expected to continue, with projections indicating a rise from $14.26 billion in 2024 to $14.88 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.3%. The upward trend during the historic period can be credited to factors such as the industrial revolution, changes in lifestyle trends, urbanization, and both marketing and advertising efforts.

What's the Projected Size of the Global Dryers Market by 2029?
The market size for dryers is predicted to experience consistent expansion in the coming years, escalating to a value of $17.99 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%. This predicted rise in the predicted period can be linked to factors such as energy efficiency, integrated and intelligent devices, health and allergen management, customization and aesthetic appeal, as well as compact, space-conscious solutions. Key trends anticipated during this forecasted period encompass heat pump dryers, steam and crinkle-free features, sensor technology, eco-friendly materials, and silent operation.

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Top Growth Drivers in the Dryers Industry: What's Accelerating the Market?
The progression of technology is anticipated to fuel the expansion of the dryer market in the upcoming years. The accessibility to the internet and the utilization of smartphones have bolstered the creation and consumption of novel tech-based appliances. By 2024, it is projected that 5.35 billion individuals, which constitute 66.2 percent of the global population, will be internet users. The number of internet users has risen by 1.8 percent in the last year, with an addition of 97 million new users during 2023.

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Which Fast-Growing Trends Are Poised to Disrupt the Dryers Market?
Major players in the dryers market are prioritizing the creation of technologically advanced solutions, like hair care technology, to establish a superior position in the market. Advanced gadgets, products, and scientific advances used to enhance the health, appeal, and upkeep of hair are collectively termed hair care technology. To illustrate, Dyson., a US-based firm manufacturing and providing fasteners and forgings, launched Supersonic Nural, a smart hair dryer, in March 2024. This cutting-edge product, named Cromax, comes with distinctive features like Scalp Protect Mode to counter heat injury, Attachment Learning for tailor-made settings, Pause Detect to reduce heat contact when not in use, as well as Capsule Illumination providing visual signals about temperature controls.

What Are the Main Segments in the Dryers Market?
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, Hypermarkets And Supermarkets, 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 Top Companies are Driving Growth in the Dryers Market?
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 Will Dominate the Dryers Market Through 2029?
Asia-Pacific was the largest region in the dryers market in 2024. 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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