Global Dryers Market Outlook 2024, Forecast To 2033
10 Jan, 2024
The market for dryers has experienced strong growth, increasing from $13.01 billion in 2023 to $14.25 billion in 2024, with a CAGR of 9.6%. Contributing factors include the industrial revolution, changing lifestyles, urbanization, and marketing and advertising efforts. The market is expected to see continued strong growth, reaching $19.83 billion in 2028, with a CAGR of 8.6%. Key drivers include a focus on energy efficiency, smart and connected appliances, considerations for health and allergen control, customization and aesthetics, and the availability of compact and space-saving solutions. Noteworthy trends include the adoption of heat pump dryers, the integration of steam and wrinkle-release functions, advancements in sensor technology, the use of sustainable materials, and an emphasis on quiet operation.
Global Dryers Market Key Driver
Technological advances drive the growth of the dryer market. Internet accessibility and smartphone usage support the development and consumption of technologically advanced appliances. Over 330 million people use the internet, with global internet users reaching 4.72 billion. The Internet of Things (IoT) integration allows remote control of dryers, fostering market growth.
Get A Free Sample Of The Global Dryers Market ReportGlobal Dryers Market Segments
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/Condenser Dryer
3) By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Other Distribution Channels
4) By End User: Commercial, Residential
By Geography: The regions covered in the dryers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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
Major Dryers Industry Players
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
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Dryers Market Overview
Electric dyers are defined as equipment that is extensively employed by household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust mites from the clothes.
Dryers Global Market Report 2023 provides data on the global dryers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dryers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.