The global dryers market size is expected to grow from $12.43 billion in 2021 to $14.60 billion in 2022 at a compound annual growth rate (CAGR) of 17.4%.The growth in the dryers market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The dryers market is expected to reach $22.43 billion in 2026 at a CAGR of 11.3%.
What is the Global Dryers Market?
The electric dryers manufacturing market consist of sales of clothes dryers. The clothes dryers are extensively employed by the 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.
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What drives the Global Dryers Market?
Technological advances is expected to drive the growth of the market for dryers in the forecast period. Increased access to the internet and use of smartphones supported the development and consumption of innovative technologically enabled appliances. About 4.66 billion people globally had access to the internet in 2020 and 91% of internet users accessed the web from a mobile device. Furthermore, increasing integration of the Internet of Things (IoT) allowed customers to connect with the dryers via internet and remotely control essential tasks by collecting and exchanging data. This in turn drives the market for dryers.
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Global Dryers Market Segments
The global dryers market is segmented:
By Type: Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, Others
By Type of Vent: Vented Dryer, Ventless/Condenser Dryer
By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Others
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.
Dryers Global Market Report 2022 provides market size and growth forecasts for the global dryers market, global dryers market share, dryers market segments and geographies, dryers market competitive landscape including leading competitors’ revenues, profiles and dryers market shares. The dryers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Dryers Industry Players include Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, Conair. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
