Electric Dryers Market Size, Share, Trends, Growth and Analysis by 2028

 

IMARC Group, a leading market research company, has recently releases report titled “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global electric dryers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the electric dryers market?

The global electric dryers market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

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What is electric dryer?

An electric dryer is a home appliance designed to remove moisture from clothing and fabrics using heat and airflow. It offers convenience and efficiency by eliminating the need for outdoor drying or line-drying, especially in regions with unpredictable weather conditions.

Electric dryers work by generating heat through an electric heating element and circulating warm air within a rotating drum, effectively evaporating the moisture from the clothes. They are equipped with various features and settings to accommodate different fabric types and drying preferences, providing users with flexibility and convenience. With their ease of use and time-saving capabilities, electric dryers have become an essential part of modern households, enhancing the overall laundry experience, and streamlining daily routines.

What are the emerging trends in the electric dryers market?

Significant technological advancements represent one of the key factors driving the growth of the global electric dryers market. Manufacturers are constantly innovating and introducing energy-efficient electric dryers with advanced features and smart functionalities, appealing to environmentally conscious consumers and those seeking automation and connectivity in their appliances. The increasing urbanization and changing lifestyle patterns are contributing to the rising demand for home appliances that offer convenience and time efficiency.

Electric dryers provide users with the convenience of drying clothes quickly and effectively, regardless of weather conditions, thus making them highly sought after in urban areas with limited outdoor drying spaces. Furthermore, the increasing awareness and adoption of energy-efficient and sustainable solutions are influencing the market positively. Energy Star-certified electric dryers, which consume less energy and reduce carbon emissions, are gaining popularity, driven by government regulations and consumer preferences for eco-friendly appliances.

Other factors, such as the increasing focus on energy conservation and environmental sustainability and rising disposable income, are creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

The report covers the major market players including:

Electric Dryers Companies: 

• Samsung Electronics Co., Ltd.
• Whirlpool Corporation
• Electrolux AB
• LG Electronics
• Arçelik
• Gorenje
• Haier Group Corporation
• Panasonic Corporation
• Smeg Group S.p.A.
• GE
• Asko
• Crosslee
• Hoovers
• Kenmore Appliances
• Midea
• Miele
• Robert Bosch GmbH
• Sears Holdings (Kenmore)

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Vented Dryer
• Ventless/Condenser Dryer

Breakup by Distribution Channel:

• Specialty Stores
• Company-Owned Stores
• Hypermarkets and Supermarkets
• Online
• Others

Breakup by End-User:

• Commercial
• Residential

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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