INDUSTRY TRENDS

The Global Electric Clothes Dryer Market Size was valued at USD 13.1 Billion in 2021. The market is projected to grow USD 19.3 Billion in 2030, at a CAGR of 6%. Cloth dryers have become popular in developing countries and are widely used in developing countries. Electric cloth dryers are that machines which remove moisture from textiles after they have been washed, allowing them to dry quickly. These devices are situated alongside washing machines to allow for quick clothing transfer from the washer to the dryer. The tumblers in these dryers can be heated with electricity or gas to allow for speedy drying of the clothing. Condensed dryers suck out the moisture from the garments and collect it at the bottom of the machine for later disposal, whereas vented dryers suck in atmospheric air and heat it up to dry the clothes. Although household laundry dryers account for a substantial portion of the global market, business institutions such as hotels and hospitals also utilize laundry dryers extensively.
 

The market for electric clothes dryers is undergoing a transformation through the development of extremely efficient heat pump dryer technology. The development of novel features in electric dryers, such as the use of cellphones to manage appliances and wrinkle reduction technology, is one of the market's major trends. Vendors are investing in technology and research to develop a system in electric dryers that implements tumbling after a cycle to prevent wrinkles in textiles. Furthermore, factors such as a growing focus on upgrading heat pump dryers since they consume less energy will aid the market's evolution during the next four years.
 

COVID-19 IMPACT ANALYSIS

The global pandemic, COVID-19, has had a negative impact on the electric dryer business. With its heat wave, an electric dryer is used to dry garments. The electric dryer was not considered a vital item during the continuing pandemic. As a result, throughout these times, the demand for an electric dryer has reduced. The supply and distribution system had been disrupted as a result of the COVID-19 outbreak forcing governments to implement lockdown. Electric dryers were not allowed to be imported or exported because they were not a necessary item. Hypermarkets/supermarkets and convenience stores were shuttered, resulting in a demand-supply imbalance. Due to a lack of personnel and a disturbed supply of parts, the production process for new batches of electric dryers has become a challenge for enterprises.
 

SEGMENTATION ANALYSIS 

By Type

Based on type, is categorized into fully automatic and semi-automatic. The fully automatic segment is expected to dominate the market share of global electric clothes dryer market owing to the shifting of consumer preference for fully-automatic due to their busy lifestyle and to reduce electricity bill.
 

By Dryer Type

Based on dryer type, the market is categorized into vented, condenser & heat pump. The condenser is expected to dominate the market share of global electric clothes dryer market owing to the increasing usage of condenser dryer as its energy efficient and provide high drying speed.
 

By End User

Based on end user, the market is categorized into residential, commercial. The residential is expected to dominate the market share of global electric clothes dryer market owing to the compact-sized laundry devices are becoming more popular among household users. Furthermore, during the winter and rainy seasons, households prefer to utilize electric cloth dryers to complete washing tasks.
 

By Distribution Channel

Based on distribution channel, the market is categorized into online & offline. The offline segment is expected to dominate the market share of global electric clothes dryer market owing to the easy availability in their proximity and rising number of specialty stores and supermarkets.
 

REGIONAL INSIGHTS

The global electric clothes dryer market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America region is expected to dominate the market share owing to the growing preference for smart homes are preferred. In addition, rising consumer preference for high-end domestic products is likely to boost product consumption even further. According to a survey from Smart Home Technology Usage, Satisfaction, and Purchase Intent 2020, the number of households planning to buy a new smart home gadget in the next year is expected to reach over 80 million. According to the poll, 64% of the 606 decision-makers in the United States want to purchase new smart technology.
 

However, Europe region is expected to witness highest growth rate during the forecast period of global electric clothes dryer market due to the consumer demand for innovative technology-based appliances is growing. In Germany, the United Kingdom, and France, evolving significant firms' supply chain channels and production capacities are primarily producing lucrative prospects for them in product diversification-related operations, resulting in soaring dryers' sales growth in Europe. According to Cross-Border Commerce Europe, by 2020, European online marketplaces will have generated massive consumer traffic and improved visitor engagement, resulting in purchases. Europeans spent a total of USD 165.8 billion on cross-border e-commerce.
 

KEY INDUSTRY PLAYERS

• Whirlpool
• BSH Home Appliances Group
• Electrolux
• Haier
• Midea America Corp.
• Euromaid
• Frigidaire Home Products
• LG Electronics
• SAMSUNG
• Indesit
• Miele
• Zanussi
• Voltas.Beko

KEY INDUSTRY DEVELOPMENTS:

October 2021- LG has launched dual inverter heat pump dryer which is equipped with Smart ThinQ features. It is available both online and offline stores.
 

LIST OF KEY COMPANIES PROFILED:

• Whirlpool
• BSH Home Appliances Group
• Electrolux
• Haier
• Midea America Corp.
• Euromaid
• Frigidaire Home Products
• LG Electronics
• SAMSUNG
• Indesit
• Miele
• Zanussi
• Voltas.Beko
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia