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Electric Dryers Market (Type - Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, and Other Types; End User - Hotels, Residences, Food Processing & Food Service, Office Buildings, Hospitals, Malls, and Other End Users; Distribution Channel - Hypermarkets/Supermarkets, Specialty Retailers, Online, and Other Distribution Channels): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : August, 2019

  • Rep Id : ICT1260

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Electric Dryers Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Electric Dryers Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Electric Dryers Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

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.

 

Market Insight

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.


Global Electric Dryers Market

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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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