According to the latest report by IMARC Group, titled “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 12.1 Billion in 2021. Electric dryers refer to home appliances that include a tumbling drum and coiled wires used for heating air through electric current to remove moisture from clothes, beddings, and textiles. Electric dryers with higher energy requirements is marked as (A), whereas the lowest rating is marked as (G). They offer various benefits, such as easy installation, low maintenance, and high performance.
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The widespread utilization of electric dryers across various industrial verticals, such as hospitality, healthcare, commercial, and residential, is one of the key factors driving the market growth. In line with this, the introduction of electric dryers with moisture sensors and a liquid crystal display (LCD) interface is another growth-inducing factor. The shifting inclination of consumers toward electric over gas dryers due to their cost-effectiveness and efficiency is propelling the market growth. Other factors, such as rapid urbanization and the rising investments in research and development (R&D) activities for launching advanced dryers with innovative features, are providing an impetus to the market growth. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting at a CAGR of 5.2% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Electrolux AB
- LG Electronics
- Haier Group Corporation
- Panasonic Corporation
- Smeg Group S.p.A.
- Kenmore Appliances
- Robert Bosch GmbH
- Sears Holdings (Kenmore)
Key Highlights of the Market Segmentation:
Breakup by Product Type:
- Vented Dryer
- Ventless/Condenser Dryer
Breakup by Distribution Channel:
- Specialty Stores
- Company-Owned Stores
- Hypermarkets and Supermarkets
Breakup by End-User:
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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