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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206831
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206831
Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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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.
An electric dryer refers to a home appliance which is utilized to remove moisture from clothes, beddings and other textile products. It functions with the help of a rotating drum or tumbler that holds the clothes, an electrically powered heater that heats the air inside the tumbler, and an exhaust vent that passes out water in the form of steam. Electric dryers are rapidly replacing gas dryers which emit carbon dioxide in the atmosphere. Moreover, electric dryers have become a necessity in majority of the households owing to altering lifestyles, extended working hours and elevating per capita incomes.
Global Electric Dryers Market Drivers:
- As air drying of clothes is a time-consuming process and is highly dependent on favorable climatic conditions, consumers residing in colder climates, such as North America and Europe, prefer fast-functioning electric dryers. Apart from this, consumers living in micro-apartments, particularly in populated regions like India and China, are also favoring these dryers due to negligible space available in their home for air drying clothes.
- Electric dryers are commonly equipped with features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors. Due to technological advancements, manufacturers are now introducing efficient electric dryers with clothes-specific options that require different degrees of care while drying. For instance, consumers can now monitor and control their dryers using smartphones.
- Due to rising global population, growing urbanization, declining exhaustible resources and increasing electricity rates, various governments as well as non-governmental organizations are promoting the adoption of energy-efficient appliances. This has enabled consumers to invest in ENERGY STAR certified electric dryers, thereby reducing their overall electricity consumption.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global electric dryers market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end-user.
Breakup by Product Type:
- Vented Dryer
- Ventless/Condenser Dryer
- Vented dryer currently accounts for the highest share.
Breakup by Distribution Channel:
- Specialty Stores
- Company-Owned Stores
- Hypermarkets and Supermarkets
- Online
- Others
Breakup by End-User:
- Commercial
- Residential
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- Region-wise, North America is the biggest market for electric dryers, accounting for the majority of the global share.
Competitive Landscape:
- The report has also analysed the competitive landscape of the market with some of the key players being Samsung Electronics Co., Ltd., Whirlpool Corporation, Electrolux AB, LG Electronics, Arcelik, Gorenje, Haier Group Corporation, Panasonic Corporation, Smeg Group S.p.A., GE, Asko, Crosslee, Hoovers, Kenmore Appliances, Midea, Miele, Robert Bosch GmbH and Sears Holdings (Kenmore).
Key Questions Answered in This Report:
- 1. What was the size of the global electric dryers market in 2022?
- 2. What is the expected growth rate of the global electric dryers market during 2023-2028?
- 3. What are the key factors driving the global electric dryers market?
- 4. What has been the impact of COVID-19 on the global electric dryers market?
- 5. What is the breakup of the global electric dryers market based on the product type?
- 6. What is the breakup of the global electric dryers market based on the distribution channel?
- 7. What are the key regions in the global electric dryers market?
- 8. Who are the key players/companies in the global electric dryers market?
Product Code: SR1323A303_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Dryers Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Distribution Channel
- 5.6 Market Breakup by End-User
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
6 Market Breakup by Product Type
- 6.1 Vented Dryer
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ventless/Condenser Dryer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Specialty Stores
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Company-Owned Stores
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hypermarkets and Supermarkets
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Online
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End-User
- 8.1 Commercial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Residential
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Europe
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Asia Pacific
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Manufacturing Process
- 14.1 Product Overview
- 14.2 Raw Material Requirements
- 14.3 Manufacturing Process
- 14.4 Key Success and Risk Factors
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Samsung Electronics Co., Ltd.
- 15.3.2 Whirlpool Corporation
- 15.3.3 Electrolux AB
- 15.3.4 LG Electronics
- 15.3.5 Arcelik
- 15.3.6 Gorenje
- 15.3.7 Haier Group Corporation
- 15.3.8 Panasonic Corporation
- 15.3.9 Smeg Group S.p.A.
- 15.3.10 GE
- 15.3.11 Asko
- 15.3.12 Crosslee
- 15.3.13 Hoovers
- 15.3.14 Kenmore Appliances
- 15.3.15 Midea
- 15.3.16 Miele
- 15.3.17 Robert Bosch GmbH
- 15.3.18 Sears Holdings (Kenmore)
Product Code: SR1323A303_Report
List of Figures
- Figure 1: Global: Electric Dryers Market: Major Drivers and Challenges
- Figure 2: Global: Electric Dryers Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electric Dryers Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Electric Dryers Market: Breakup by Distribution Channel (in %), 2022
- Figure 5: Global: Electric Dryers Market: Breakup by End-User (in %), 2022
- Figure 6: Global: Electric Dryers Market: Breakup by Region (in %), 2022
- Figure 7: Global: Electric Dryers Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Electric Dryers Industry: SWOT Analysis
- Figure 9: Global: Electric Dryers Industry: Value Chain Analysis
- Figure 10: Global: Electric Dryers Industry: Porter's Five Forces Analysis
- Figure 11: Global: Electric Dryers (Vented Dryer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Electric Dryers (Vented Dryer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Electric Dryers (Ventless/Condenser Dryer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Electric Dryers (Ventless/Condenser Dryer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Electric Dryers Market: Sales through Specialty Stores (in Million US$), 2017 & 2022
- Figure 16: Global: Electric Dryers Market Forecast: Sales through Specialty Stores (in Million US$), 2023-2028
- Figure 17: Global: Electric Dryers Market: Sales through Company-Owned Stores (in Million US$), 2017 & 2022
- Figure 18: Global: Electric Dryers Market Forecast: Sales through Company-Owned Stores (in Million US$), 2023-2028
- Figure 19: Global: Electric Dryers Market: Sales through Hypermarkets and Supermarkets (in Million US$), 2017 & 2022
- Figure 20: Global: Electric Dryers Market Forecast: Sales through Hypermarkets and Supermarkets (in Million US$), 2023-2028
- Figure 21: Global: Electric Dryers Market: Online Sales (in Million US$), 2017 & 2022
- Figure 22: Global: Electric Dryers Market Forecast: Online Sales (in Million US$), 2023-2028
- Figure 23: Global: Electric Dryers Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
- Figure 24: Global: Electric Dryers Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
- Figure 25: Global: Electric Dryers (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Electric Dryers (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Electric Dryers (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Electric Dryers (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: North America: Electric Dryers Market: Sales Value (In Million US$), 2017 & 2022
- Figure 30: North America: Electric Dryers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Europe: Electric Dryers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Europe: Electric Dryers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia Pacific: Electric Dryers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia Pacific: Electric Dryers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Middle East and Africa: Electric Dryers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Middle East and Africa: Electric Dryers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Latin America: Electric Dryers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Latin America: Electric Dryers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Electric Dryers Manufacturing: Process Flow
List of Tables
- Table 1: Global: Electric Dryers Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electric Dryers Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Electric Dryers Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: Global: Electric Dryers Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 5: Global: Electric Dryers Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Electric Dryers: Raw Material Requirements
- Table 7: Global: Electric Dryers Market Structure
- Table 8: Global: Electric Dryers Market: Key Players
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