A recent report published by Infinium Global Research on 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 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 type of electric dryers among educated consumers are helping to grow the demand for the electric dryers market. Further, the growing awareness about the heavy electricity consumption by the traditional dryers are shifting the consumer's choice for the modern and energy the efficient electric dryer is catalyzing the growth of this market.
The growing availability of electricity in the large part of the un-electrified areas in the world are the major driver of the growth of this market. Further, the growing urbanization and increasing disposable income among the young and middle-class consumers are generating the demand for the energy-efficient electric dryers for the several residential applications. Additionally, the increasing awareness among the farmers about the value addition of their produce through drying of their agriculture products is boosting the demand of the different type of electric dryers for the same purpose. However, the availability of the gas dryer is hampering the growth of this market for the short term. Moreover, the growing environmental awareness and government focus for the energy-efficient electric products are expected to boost this market in the near future.
Geographically, the electric dryers market is segmented into four regions namely North America, Europe, the Asia-Pacific, the RoW. North America is the largest player of the electric dryers market, owing to the presence of a large number of companies engaged in the dryer business. Further, the growing urbanization of the rural part of North America is helping to grow the demand for the different type of electric dryers for different purposes. The Asia-Pacific electric dryers market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for the different type of electric dryers for different industrial and domestic purposes.
The report on 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 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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