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 electric dryers market reached a value of US$ 12.1 Billion in 2021. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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.
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.
Electric Dryers Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the electric dryers market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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)
Key Market Segmentation:
The report has segmented the electric dryers market on the basis of product type, distribution channel, end-user and region.
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
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Explore Full Report with TOC & List of Figure: https://bit.ly/3yWdrqn
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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