Electric Clothes Drying Rack Market (Installation Type - Freestanding, Ceiling Mounted, and Wall-mounted; Application - Indoor, and Outdoor; Carrying Capacity - Below 10 Kg, 10 Kg - 15 Kg, 15 Kg - 20 Kg, and Above 20 Kg; End User - Residential, and Commercial; Distribution Channel - Direct Sales, and Indirect Sales): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Electric Clothes Drying Rack Market (Installation Type - Freestanding, Ceiling Mounted, and Wall-mounted; Application - Indoor, and Outdoor; Carrying Capacity - Below 10 Kg, 10 Kg - 15 Kg, 15 Kg - 20 Kg, and Above 20 Kg; End User - Residential, and Commercial; Distribution Channel - Direct Sales, and Indirect Sales): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01451 Category: Electronics, ICT & Semiconductors Published: January, 2024

A recent report published by Infinium Global Research on electric clothes drying rack market provides in-depth analysis of segments and sub-segments in the global as well as regional electric clothes drying rack market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional electric clothes drying rack 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 clothes drying rack market.

Market Insight:

The global electric clothes drying rack market was valued at USD 1.63 billion in 2022 and is expected to reach USD 2.58 billion in 2030, with a CAGR of 5.3% during the forecast period 2023-2030.

The electric clothes drying rack market has been growing steadily due to the convenience and efficiency it offers compared to traditional drying methods. These racks provide a space-saving solution for drying clothes indoors, especially in areas where outdoor drying isn't feasible or during colder seasons. Furthermore, as remote-controlled electric drying racks rise in popularity, households, especially those with overflowing laundry baskets, will rejoice in the convenience of multi-hanger slots. This feature dries multiple garments at once, maximizing rack space and saving precious time on laundry day, all with the click of a button. Electric drying racks with heated bars are poised to disrupt the traditional drying stand market. Their thermostatically-controlled aluminum bars deliver rapid, gentle drying thanks to precise heat distribution, reducing wait times and energy consumption compared to passive stands. The multi-tiered or multi-shelf configurations cater to families with voluminous laundry loads, maximizing drying space and efficiency. This innovative solution addresses key consumer pain points—time, energy, and space—potentially shifting drying habits significantly, especially in urban environments.

The increasing demand for energy-efficient products. Traditional tumble dryers are often less energy-efficient than electric clothes drying racks. Electric drying racks, especially those with smart features like timers and sensors, consume significantly less energy compared to traditional tumble dryers. This resonates with increasingly eco-conscious consumers and aligns with sustainability goals, making them a more attractive option in a world concerned about climate change. Additionally, the increasing demand for home appliances is rooted in the broader trend of smart homes and a growing preference for time-saving solutions, contributing significantly to market growth. This surge in interest aligns with the ethos of modern, tech-savvy households seeking convenience and efficiency in their daily routines. Electric drying racks seamlessly integrate into this narrative by offering a space-saving, user-friendly, and technologically advanced solution for indoor clothes drying. As consumers seek appliances that align with their busy lifestyles and the evolving concept of home convenience, electric drying racks stand out as a practical, innovative addition to modern households. Their ability to blend functionality with contemporary technology makes them an appealing choice for those looking to streamline household chores without compromising on efficiency or convenience. However, Lack of awareness about their advantages and features can limit market growth. Despite their benefits, electric drying racks aren't yet as mainstream as traditional methods. Moreover, enhancing user experience through voice control, integration with smartphone apps, and AI-driven drying programs that optimize energy usage and customize settings for different fabrics presents a lucrative opportunity for the market.

Electric Clothes Drying Rack Market Size, Share, Trends | IGR

North America is projected to hold the most prominent market share in the upcoming forecast period. High adoption of technological innovation in North Americans are generally early adopters of new technologies and appreciate the convenience and energy-efficiency features offered by electric drying racks. Furthermore, North America's focus on energy efficiency such as growing environmental awareness and rising energy costs make energy-efficient appliances like electric drying racks an attractive option for many consumers in the region. Additionally, large disposable income compared to other regions, North Americans generally have higher disposable incomes, allowing them to invest in premium household appliances. However, the Asia Pacific region is expected to experience the fastest emerging in the coming years, driven by factors like increasing urbanization, rising disposable incomes, and growing awareness about energy-efficient appliances. Furthermore, in many areas across the Asia Pacific region, consistent high humidity or frequent heavy rainfall is common. These climatic conditions often drive a higher need for electric clothes drying racks, offering a convenient solution for indoor drying in these regions.

Report Scope of the Electric Clothes Drying Rack Market:

Report Coverage Details
Market Size in 2022 USD 1.63 Billion
Market Size by 2030 USD 2.58 Billion
Growth Rate from 2023 to 2030 CAGR of 5.3%
Largest Market North America
No. of Pages 350
Market Drivers
  • The surge in demand for energy-efficient products is driving market growth, with traditional tumble dryers frequently falling short in energy efficiency compared to electric clothes drying racks.

  • The increasing demand for home appliances is rooted in the broader trend of smart homes and a growing preference for time-saving solutions, contributing significantly to market growth.

Market Segmentation By Installation Type, By Application, By Carrying Capacity, By End User, and By Distribution Channel
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global electric clothes drying rack market covers segments such as installation type, application, carrying capacity, end user, and distribution channel. On the basis of installation type, the sub-markets include freestanding, ceiling mounted, and wall-mounted. On the basis of application, the sub-markets include indoor, and outdoor. On the basis of carrying capacity, the sub-markets include below 10 kg, 10 kg - 15 kg, 15 kg - 20 kg, and above 20 kg. On the basis of end user, the sub-markets include residential, and commercial. On the basis of distribution channel, the sub-markets include direct sales, and indirect sales.

Companies Profiled:

The report provides profiles of the companies in the market such as Bell-Bro, CasaOmnia, Foxydry, Koninklijke Philips N.V., Lakeland, Lenoxx Electronics, Buildwell Motor., Livfuture Automation & Security Private Limited, Zoomba, and Hangzhou EVIA Household Technology Co., Ltd.

Report Highlights:

The report provides deep insights into 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 clothes drying rack market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. 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.


Frequently Asked Questions (FAQ's)

The global electric clothes drying rack market was valued at USD 1.63 Billion in 2022.
It is likely to grow at a CAGR of 5.3% during the forecast period 2023-2030.
The global electric clothes drying rack market is estimated to reach USD 2.58 Billion by the end of 2030.
North America is anticipated to exhibit high demand for electric clothes drying rack market during the forecast period.
Bell-Bro, CasaOmnia, Foxydry, Koninklijke Philips N.V., Lakeland, Lenoxx Electronics, Buildwell Motor., Livfuture Automation & Security Private Limited, Zoomba, and Hangzhou EVIA Household Technology Co., Ltd.

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