Laundry Dryer: Introduction
- Laundry dryers are machines whose main function is to remove the moisture from the load of clothes. They are also known as clothes dryers or tumble dryers. Laundry dryers are usually used after washing of clothes. Laundry dryers have a prominent market in North America and Europe. They have good growth potential in humid regions as it eliminates the need of relying on the weather for drying clothes. The individual units of laundry dryer and washing machine costs less than a washer-dryer machine. Hence, laundry dryers are expected to have a good growth rate during the forecast period.
Key Drivers and Opportunities of the Global Laundry Dryer Market
- Laundry dryers help in drying the clothes irrespective of the weather. People living in countries in temperate and polar regions which generally have cold and humid climate tend to have higher potential of buying a laundry dryer.
- Today, laundry dryers come with WIFI enabled and remote control technology. Consumers consider dryers with anti-tangle and anti-crease technology more efficient and effective as it saves on cost and time. Dryers with these unique technologies are seeing increased demand globally. Dryers with unique technology are expected to witness huge growth rate in the coming years.
- Manufacturers have the opportunity to target developing countries as they are a huge potential market, thus driving the demand and growth of laundry dryers in the near future.
- Developed countries currently have a saturated market or a low growth market for laundry dryers. Here too, manufacturers have huge opportunity to undertake advancements in technologies and products which would attract consumers.
- However, incorporation of dryer with washer might hamper the laundry dryer market because consumers might find the combination more effective and efficient. However, the overall market is expected to have a positive growth rate during the forecast period.
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Asia Pacific to Hold Major Share of the Global Laundry Dryer Market
- In terms of geography, the laundry dryer market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific has emerged as the fastest growing laundry dryer market due to increase in income and consumer spending. Asia Pacific is expected to witness good growth in the upcoming years in the usage of tumble dryers.
- Asia Pacific is home to around 4.3 billion people. Majority of the population of this region reside in developing countries. People residing in developing countries tend to have a busy lifestyle because of high work-load pressure due to which the market for laundry dryers is expected to be huge during the forecast period.
Key Players Operating in the Global Laundry Dryer Market
- Amana Corporation
- Bosch Rexroth Private Limited
- Electrolux Home Products Pvt. Ltd.
- Equator Appliances
- General Electric Company
- LG Electronics Inc.
- Maytag Corporation
- Samsung Electronics Co.
- Shandong Little Ducks Group Small Home Appliance Co. Ltd.
- Whirlpool Corporation
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Global Laundry Dryer Market: Research Scope
Global Laundry Dryer Market, by Type
Global Laundry Dryer Market, by Convenience
Global Laundry Dryer Market, by Technology
Global Laundry Dryer Market, by Heat Source
Global Laundry Dryer Market, by Capacity
- Less than or equal to 3 cubic feet
- 3 cubic feet – 5 cubic feet
- 5 cubic feet – 7 cubic feet
- More than or equal to 7 cubic feet.
Global Laundry Dryer Market, by Price
Global Laundry Dryer Market, by Distribution Channel
- E-commerce Websites
- Company-owned Websites
- Supermarkets/ Hypermarkets
- Specialty Stores
- Other Retail Stores
Global Laundry Dryer Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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