Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the electric dryers market provides an in-depth analysis of segments and
sub-segments in the global as well as regional electric dryers market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional electric dryers market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global electric dryers market. According to the report,
the global electric dryers market is projected to grow at a CAGR of 4.7% over
the forecast period of 2019-2025.
Electric dryers are equipment used to remove moisture from
different objects such as clothes, hair, fruits and vegetable products and
others. The growing awareness about the different types of electric dryers
among educated consumers is helping to grow the demand for the electric dryers
market. Further, the growing awareness about the heavy electricity consumption
by the traditional dryers is shifting the consumer's choice for the modern and
energy-efficient electric dryer which is catalyzing the growth of this market.
The growing population and rapid urbanization are the major
factors driving the growth of the electric dryers market. Further, increasing
disposable income among the young and middle-class consumers is propelling the
growth of the electric dryers market for several residential applications.
Additionally, government initiatives for the use of energy-efficient electric
products are expected to boost the electric dryers market. However, the high
initial investment is affecting the growth of this market for the short term.
Moreover, the introduction of innovative features in electric dryers, such as
wrinkle reduction technology and the use of smartphones to control appliances
provides growth opportunities for the electric dryers market. Again growing
focus on improving heat pump dryers as they are energy efficient also helps in
the evolution of the market over the next years.
North America is the largest player in the electric dryers
market, owing to the continuous technological innovation made by the major market
players in this region. Further, the growing urbanization of the rural part of
North America is helping to grow the demand for the different types of electric
dryers for different purposes. The Asia-Pacific region is expected to grow with
a healthy CAGR during the forecast period, owing to the increasing demand for
the different types of electric dryers for different industrial and domestic
purposes.
The report on the global electric dryers market covers segments
such as type, end user, and distribution channel. On the basis of type, the
sub-markets include spin dryers, condenser dryers, heat pump dryers, mechanical
steam compression dryers, solar clothes dryer, and other types. On the basis of
end user, the sub-markets include hotels, residences, food processing &
food service, office buildings, hospitals, malls, and other end users. On the
basis of the distribution channel, the sub-markets include
hypermarkets/supermarkets, specialty retailers, online, and other distribution
channels.
The report provides profiles of the companies in the market
such as Panasonic Corporation, Samsung Electronics Co., Ltd., Smeg S.p.A, Sears
Brands, LLC, Haier Group Corporation, Gorenje, Arçelik A.S., LG Electronics
Inc., Electrolux AB, and Robert Bosch GmbH.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the electric dryers
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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