Smart Drying Racks: Introduction

  • Smart drying racks are increasingly becoming popular in the last couple of years.  Such racks are quite effective in areas facing a space crunch. Collapsible drying racks, also known as convertible drying racks that can be used and removed as and when needed are becoming popular worldwide.
  • Smart drying racks are nowadays remotely controlled through mobile applications. Smart drying racks are also equipped with LED strips with color temperature that provides additional light source.

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Key Drivers of the Global Smart Drying Racks Market

  • Rising demand for small, effective, and efficient racks that can easily be fitted in smaller spaces have resulted in growing demand for portable smart drying racks. Increasing demand for convenience while drying clothes in confined areas is one of the prime reasons for the growth of the smart drying racks market.
  • Additionally, demand for residential housing units have increased at tremendous rates with rising urbanization. Demand for smart drying racks in confined spaces is expected to increase during the forecast period due to growth in the number of housing units.

Key Players Operating in the Global Market

The smart drying racks market is highly fragmented with presence of many key global players and presence of many regional manufacturers. A few of the key players operating in the global smart drying racks market includes:

  • Xcentrik
  • Lbest
  • HK
  • Xiaomi Corporation (Mr.Bond)
  • Hotata
  • Cobbe
  • ASJ

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Global Smart Drying Racks Market: Research Scope

Global Smart Drying Racks Market, by Product Type

  • Free Standing
  • Wall Mounted
  • Mix (Wall mounted & retractable etc.)

Global Smart Drying Racks Market, by Material Type

  • Wood
  • Plastic
  • Metal
  • Others (Polycarbonate & Bamboo etc.)

Global Smart Drying Racks Market, by Application

  • Closets
  • Bathroom & Bedrooms
  • Laundry Room
  • Kitchen
  • Others (Office & Living Room etc.)

Global Smart Drying Racks Market, by Price Level

  • Less than US$ 25
  • Between US$25 – US$ 50
  • Between US$ 50 – US$100
  • Above US$ 100

Global Smart Drying Racks Market, by Distribution Channel

  • Online
    • Company Owned  Sites
    • E-commerce Sites
  • Offline
    • Supermarkets & Hypermarkets
    • Specialty Stores
    • Other Retail Stores

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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