Market Overview:
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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end-user.
Breakup by Product Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
Regional Insights:
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- 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, Arçelik, 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).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, Distribution Channel, End-User, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
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 and Sears Holdings (Kenmore) |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: 2499
Five User License: 3499
Corporate License: 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global electric dryers market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global electric dryers industry?
- What has been the impact of COVID-19 on the global electric dryers industry?
- What is the breakup of the global electric dryers market on the basis of product type?
- What is the breakup of the global electric dryers market on the basis of distribution channel?
- What is the breakup of the global electric dryers market on the basis of end-user?
- What are the various stages in the value chain of the global electric dryers market?
- What are the key driving factors and challenges in the global electric dryers market?
- What is the structure of the global electric dryers market and who are the key players?
- What is the degree of competition in the global electric dryers market?
- How are electric dryers manufactured?
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 Arçelik
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)
List of Figures
Figure 1: Global: Electric Dryers Market: Major Drivers and Challenges
Figure 2: Global: Electric Dryers Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Electric Dryers Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Electric Dryers Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Electric Dryers Market: Breakup by End-User (in %), 2021
Figure 6: Global: Electric Dryers Market: Breakup by Region (in %), 2021
Figure 7: Global: Electric Dryers Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 12: Global: Electric Dryers (Vented Dryer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Electric Dryers (Ventless/Condenser Dryer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Electric Dryers (Ventless/Condenser Dryer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Electric Dryers Market: Sales through Specialty Stores (in Million US$), 2016 & 2021
Figure 16: Global: Electric Dryers Market Forecast: Sales through Specialty Stores (in Million US$), 2022-2027
Figure 17: Global: Electric Dryers Market: Sales through Company-Owned Stores (in Million US$), 2016 & 2021
Figure 18: Global: Electric Dryers Market Forecast: Sales through Company-Owned Stores (in Million US$), 2022-2027
Figure 19: Global: Electric Dryers Market: Sales through Hypermarkets and Supermarkets (in Million US$), 2016 & 2021
Figure 20: Global: Electric Dryers Market Forecast: Sales through Hypermarkets and Supermarkets (in Million US$), 2022-2027
Figure 21: Global: Electric Dryers Market: Online Sales (in Million US$), 2016 & 2021
Figure 22: Global: Electric Dryers Market Forecast: Online Sales (in Million US$), 2022-2027
Figure 23: Global: Electric Dryers Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 24: Global: Electric Dryers Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 25: Global: Electric Dryers (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Electric Dryers (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Electric Dryers (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Electric Dryers (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Electric Dryers Market: Sales Value (In Million US$), 2016 & 2021
Figure 30: North America: Electric Dryers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Europe: Electric Dryers Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Europe: Electric Dryers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia Pacific: Electric Dryers Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia Pacific: Electric Dryers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Middle East and Africa: Electric Dryers Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Middle East and Africa: Electric Dryers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Latin America: Electric Dryers Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Latin America: Electric Dryers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Electric Dryers Manufacturing: Process Flow
List of Tables
Table 1: Global: Electric Dryers Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric Dryers Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Electric Dryers Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Electric Dryers Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 5: Global: Electric Dryers Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Electric Dryers: Raw Material Requirements
Table 7: Global: Electric Dryers Market Structure
Table 8: Global: Electric Dryers Market: Key Players