Electric Clothes Dryer Market

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Electric Clothes Dryer Market
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Market Overview
The Global Electric Clothes Dryer Market Size
Was Valued At USD 13.1 Billion In 2021. The
Market Is Expected To Grow By USD 19.3 Billion By
2030, At A CAGR Of 6.
Market Dynamics
Clothes dryers have become popular in developing
countries and are widely used in developing
countries. An electric dryer is a machine that
can dry quickly by removing moisture from fabrics
after washing. This unit sits next to the washing
machine so you can quickly transfer clothes from
washer to dryer. The tumbler in these dryers can
be heated by electricity or gas to dry clothes
quickly. Condensing dryers suck moisture from
clothing and collect it at the bottom of the
machine for later disposal, while ventilated
dryers draw in atmospheric air and heat it to dry
clothing. Household washing and drying machines
account for a significant portion of the world
market, but companies such as hotels and
hospitals also use washing and drying machines
extensively.
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Regional Analysis

• The North America region is expected to dominate
  the forecast period owing to rising consumer
  preference for smart homes. Moreover, rising
  consumer preference for high-end home products is
  expected to further boost the product consumption
  rate. For example, according to Smart Home
  Technology According to a report by Usage,
  Satisfaction and Purchase Intent 2020, the number
  of households eager to purchase new smart home
  devices exceeds 80 million within a year.
  According to the survey, about 64 of respondents
  said that 606 U.S. decision makers plan to
  purchase new smart technologies .
• Increase in the number of high-income individuals
  further drives the market growth. For example,
  the total number of people with income,
  regardless of work experience, increased by about
  2.2 million between 2018 and 2019, according to
  the U.S. Census Bureau.

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The Electric Clothes Dryer Market has been
segmented into

• By Application
• Residential, Commercial

• By Type
• Vented Electric Clothes Dryer, Non- Vented
  Electric Clothes Dryer

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Strategic Development

• In October 2021 - LG released a dual inverter
  heat pump dryer with Smart ThinQ feature.
  Available in both online and offline stores.

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Market Players

• Amana,
• Maytag, Frigidaire,
• Bosch, LG, Electrolux, Indesit,
• Kenmore, Haier, Samsung, Beko,
• Miele, Siemens, Zanussi, Hoover,
• And Others.

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