Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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, Arзelik, 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?
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, Arзelik, 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?
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 Arзelik
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)
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 Arзelik
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 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
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
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
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
