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Gas Dryers Market REPORT OVERVIEW
The global gas dryers market size is expanded rapidly in 2023 and market is expected to generate substantial revenue by 2032, exhibiting a high compound annual growth rate (CAGR) from 2023 to 2032.
Gas dryers are natural gas propane. The gases are used to generate electricity to power the fan, drum, lights and controls. It is also used to generate heat. The dryers require a 120-volt standard electrical outlet.
The market dynamics are extensive usage in residential, commercial, washing and dry cleaning centers, laundry services, hospitals & nursing homes, and hotels. The dryers usually consume less electricity than other dryers. Further, the dryers are effective and has resulting in faster drying times. The dryers help to dries a load of laundry more quickly. It is more efficient than electric dryers, which is estimated to drive market progress. The dryers are safe and requires proper installation that is expected to foster market progress in the forthcoming years. Further, presence of several market players and growing investment by key players is anticipated to accelerate market progress in the forthcoming years. The gas dryers are very crucial important household appliances which helps to dry clothes quickly. It offers some advantages such as quick moisture absorption. In addition, growing number of laundry services and rise in popularity of the dryers among population is estimated to drive market growth in the coming years. On the contrary, high cost of the dryer is predicted to limit market progress. The equipment requires a gas hookup and it requires a vent. These factors of the equipment are anticipated to obstruct market growth in the upcoming years.
COVID-19 Impact: Lack of Raw Materials and Closure of Shops to Obstruct Market Growth.
The COVID-19 pandemic affected multiple businesses. The market witnessed several supply chain disruptions. Further, lockdown restrictions and other factors hamper market progress. Lower demand for the product and challenges in import and export activities. Lack of raw materials and closure of shops obstruct market growth.
LATEST TRENDS
"Increased Need for Laundry Services to Accelerate Market Progress"
The increased need for laundry services among growing population is anticipated to boost market growth. Growing awareness about hygiene and keeping clothes clean is predicted to attract more consumers in the forthcoming years. Busy lifestyle requires daily laundry services, which is predicted to propel market growth. Increased urbanization and rise in spending capacity is anticipated to propel market progress.
Gas Dryers Market SEGMENTATION
- By Type
Based on type, the market is divided into fixed gas dryers and portable gas dryers.
Fixed gas dryers are expected to be the top part of type segmentation.
- By Application
Based on the application, the market is divided into industrial use, commercial use, and residential use.
Commercial use is expected to be the top part of application segmentation.
DRIVING FACTORS
"Extensive Usage of the Equipment in Several Sectors to Propel Market Progress"
The extensive usage in residential, commercial, washing and dry cleaning centers, laundry services, hospitals & nursing homes, and hotels. The dryers usually consume less electricity than other dryers. Further, the dryers are effective and has resulting in faster drying times. The dryers help to dries a load of laundry more quickly. It is more efficient than electric dryers, which is estimated to drive market progress. The dryers are safe and requires proper installation that is expected to foster market progress in the forthcoming years. The equipment is gaining popularity for quick drying and it offers clean steam. Growing need for effective and quick installation dryers in end-user is anticipated to drive market growth.
"Several Advantages of Dryer to Accelerate Market Growth "
The dryers have several advantages such as low operating costs and high energy efficiency. Presence of several market players and growing investment by key players is anticipated to accelerate market progress in the forthcoming years. The gas dryers are very crucial important household appliances which helps to dry clothes quickly. It offers some advantages such as quick moisture absorption. In addition, growing number of laundry services and rise in popularity of the dryers among population is estimated to drive market growth in the coming years.
RESTRAINING FACTORS
"Presence of Alternative Dryers and Higher Costs to Limit Market Progress"
The high cost of the dryer is predicted to limit market progress. The equipment requires a gas hookup and it requires a vent. These factors of the equipment are anticipated to obstruct market growth in the upcoming years. Also, presence of alternative dryers such as electric dryers is estimated to obstruct market growth.
Gas Dryers Market REGIONAL INSIGHTS
"Rise in Dry Cleaning Services in North America to Drive Market Share "
North America is anticipated to dominate gas dryers market share owing to rise in number of dry cleaning services. Presence of top market players in North America is anticipated to drive market growth. Huge adoption of the equipment in numerous industries such as hotels, hospitals, and laundry services. Further, rapid economic development and the dryers usually consume less electricity than other dryers. Further, the dryers are effective and has resulting in faster drying times. The dryers help to dries a load of laundry more quickly. It is more efficient than electric dryers, which is estimated to drive market progress. The dryers are safe and requires proper installation that is expected to foster market progress in the forthcoming years.
Asia Pacific is anticipated to grow rapidly at a significant CAGR over the forecast period owing to rising markets in China and India. Growing laundry services and several benefits of the equipment is anticipated to accelerate market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP GAS DRYERS COMPANIES
- Electrolux (Sweden)
- GE (U.S.)
- LG Electronics (South Korea)
- Samsung (South Korea)
- Whirlpool (U.S.)
- Alliance Laundry Systems (U.S.)
- Crosslee (U.K.)
- Rinnai (Japan)
- Sears Holdings (U.S.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What is the leading region in the gas dryers market?
The leading region in the gas dryers market is North America.
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What are the driving factors help pushing the gas dryers market?
The drivers of the gas dryers market are extensive usage of the equipment in several sectors and several advantages of dryer.
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Which are the key player or most dominating companies functioning in the gas dryers market?
Electrolux, GE, LG Electronics, Samsung, Whirlpool, Alliance Laundry Systems, Crosslee, Rinnai, and Sears Holdings are the key player or most dominating companies functioning in the gas dryers market.
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