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Global Electric Dryers Market – Industry Trends and Forecast to 2030

FMCG

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Global Electric Dryers Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electric Dryers Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 11.89 Billion
Diagram Market Size (Forecast Year) USD 17.06 Billion
Diagram CAGR %

Global Electric Dryers Market, By Type (Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer), Distribution Channel (Supermarket and Hypermarkets, Company Owned Stores, Specialty Stores, E-Commerce, Others), End User (Hotels, Residences, Food Processing and Food Service, Office Buildings, Hospitals, Malls, Railway Stations, Others) – Industry Trends and Forecast to 2030.

Electric Dryers Market

Electric Dryers Market Analysis and Size

Increasing adoption of electric dryers due to their energy efficiency and eco-friendly nature is expected to drive the market growth. Furthermore, growing consumer demand for advanced features and smart functionalities in electric dryers, which act as driver for the market.                                

Data Bridge Market Research analyses that the global electric dryers market which was USD 11.89 billion in 2022, would rocket up to USD 17.06 billion by 2030, and is expected to undergo a CAGR of 4.62% during the forecast period. This indicates that the market value. “Heat pump dryers” dominates the type segment of the global electric dryers market due to their energy efficiency and lower operating costs compared to other types. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Electric Dryers Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer), Distribution Channel (Supermarket and Hypermarkets, Company Owned Stores, Specialty Stores, E-Commerce, Others), End User (Hotels, Residences, Food Processing And Food Service, Office Buildings, Hospitals, Malls, Railway Stations, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Whirlpool Corporation (United States), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Electrolux AB (Sweden), Haier Group Corporation (China), Midea Group Co., Ltd. (China), Bosch GmbH (Germany), Panasonic Corporation (Japan), Siemens AG (Germany), General Electric Company (United States), Hisense Group Co., Ltd. (China), Toshiba Corporation (Japan), Fisher & Paykel Appliances Holdings Limited (New Zealand), Indesit Company S.p.A. (Italy)

Market Opportunities

  • Smart Technology Integration
  • Increasing Urbanization

Market Definition

Electric dryers have evolved into important home appliances. It has a droplet and uses thermal air to dry clothes. An electric current heats the air within an electric dryer using spiral wires. Customers become aware of the faster drying cycle for electric dryers when compared to clothes-line open-air drying. The drying out of clothing in the open air has a bad weather effect, whereas an electric dryer may still be used in awful weather.            

Global Electric Dryers Market Dynamics

Drivers

  • Energy Efficiency

Electric dryers are being driven by the growing demand for energy-efficient appliances because they use less energy than gas dryers. This, in turn, has paved the way for market expansion.

  • Environmental Awareness

Concerns about environmental sustainability and reducing carbon footprint are driving the adoption of electric dryers, which emit fewer emissions than gas dryers.

Opportunities

  • Smart Technology Integration

The opportunity lies in incorporating smart features like connectivity, sensors, and automation, which will improve user convenience and efficiency.  

  • Increasing Urbanization

Due to rapid urbanization, the demand for small, effective appliances like electric dryers has increased.

Restraints/Challenges

  • Competition from Gas Dryers

Gas dryers offer lower operating costs in areas with affordable natural gas supply, posing a restraint to the growth of the electric dryer market.

  • High Initial Cost

Electric dryers generally have a higher upfront cost compared to gas dryers, which can be a barrier to adoption for price-sensitive consumers.

Recent Development

  • In October 2021, LG Electronics has released its most recent clothing care product, the LG Dual Inverter Heat Pump Dryer. LG's Smart ThinQ capabilities are included in the new models. The new solution is designed for consumers who want to avoid drying garments in the sun due to fabric damage and hygiene concerns. This will expand LG's product offering.

Global Electric Dryers Market Scope

The global electric dryers market is segmented on the basis of type, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Spin Dryers
  • Condenser Dryers
  • Heat Pump Dryers
  • Mechanical Steam Compression Dryers
  • Solar Clothes Dryer

Distribution Channel

  • Supermarket and Hypermarkets
  • Company Owned Stores
  • Specialty Stores
  • E-Commerce
  • Others

End User

  • Hotels
  • Residences
  • Food Processing and Food Service
  • Office Buildings
  • Hospitals
  • Malls
  • Railway Stations
  • Others

Global Electric Dryers Market Regional Analysis/Insights

The global electric dryers market is analysed and market size insights and trends are provided by country, type, distribution channel and end user, as referenced above.

The countries covered in the electric dryers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the electric dryers market due to the introduction of different technological innovations, such as the super-efficient dryer initiative to support improvements in dryer energy effectiveness in the region.   

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Electric Dryers Market Share Analysis

The global electric dryers competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global electric dryers.

Some of the major players operating in the global electric dryers are:

  • Whirlpool Corporation (United States)
  • LG Electronics Inc. (South Korea)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Electrolux AB (Sweden)
  • Haier Group Corporation (China)
  • Midea Group Co., Ltd. (China)
  • Bosch GmbH (Germany)
  • Panasonic Corporation (Japan)
  • Siemens AG (Germany)
  • General Electric Company (United States)
  • Hisense Group Co., Ltd. (China)
  • Toshiba Corporation (Japan)
  • Fisher & Paykel Appliances Holdings Limited (New Zealand)
  • Indesit Company S.p.A. (Italy)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Electric Dryers Market will be worth USD 17.06 billion by 2030
The Electric Dryers Market Growth Rate is 4.62 % during the forecast period.
Energy Efficiency and Concerns about environmental sustainability and reducing carbon footprint are the Growth Drivers of the Electric Dryers Market.
The basis of type, source, and industry are the factors on which the Folding Residential Furniture Market research is based.
LG Electronics has released its most recent clothing care product, the LG Dual Inverter Heat Pump Dryer. LG's Smart ThinQ capabilities are included in the new models are the latest developments in the Electric Dryers Market.
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