Laundry Dryers Market Size, Share, Growth, and Industry Analysis, (Electric Dryers and Gas Dryers), By Application (Home, Laundry, Hotel and Others), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

LAUNDRY DRYERS MARKET REPORT OVERVIEW

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The global laundry dryers market size was USD 10850 million in 2022 and the market is projected to touch USD 15050 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Drying clothing rapidly is made possible by laundry dryers, which extract moisture from textiles after washing. To make it simple to move garments from the washer to the dryer, these appliances are positioned next to washing machines. The tumblers in these dryers may be heated with gas or electricity to help the garments dry more quickly. Condensed dryers draw moisture out of the garments and store it at the bottom of the machine for disposal later, whereas vented dryers draw in ambient air and heat it up to dry the clothes. While laundry dryers are widely used in commercial settings such as hotels and hospitals, they nevertheless account for a significant portion of the worldwide laundry dryer industry.

COVID-19 Impact: Hygiene and Cleanliness Focus in the Phase of COVID-19 Raised High the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Laundry dryers, which efficiently dry and sterilize clothing, are one example of an equipment that consumers may have preferred because of increased awareness of hygiene during the epidemic. The deployment of smart home technology has surged due to the epidemic. To adapt to shifting consumer tastes, manufacturers may have concentrated on putting cutting-edge features and smart technology into washing dryers. Due to the epidemic, people started purchasing online, which drove the expansion of e-commerce. This change in consumer behavior may have affected the way that people purchase appliances, such as washing dryers.

LATEST TRENDS

"Smart Technology Integration with Larger Capacity Dryers to Tumble Up the Market Shares"

A lot of products, including washing dryers, have smart technology integrated into them. This includes capabilities like integration with virtual assistants like Google Assistant and Amazon Alexa, as well as remote monitoring and control through smartphone applications. In dryers, cutting-edge sensor technologies are being included more often. These sensors assist in determining the clothing's moisture content and modifying the drying time appropriately. This lowers energy usage and increases efficiency by preventing over-drying. Because they can dry more clothing in a single cycle, larger capacity dryers are becoming more and more common. For homes with bulkier products or heavier washing loads, this is especially helpful.

LAUNDRY DRYERS MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into electric dryers and gas dryers.

• Electric Dryers: A motor with a belt connected powers the tumble movement in electric dryers. The drum's rotation creates natural airflow in this kind of clothes dryer, which may be improved by adding vents to the top or sides of the device, among other things. Due to its affordable alternatives for customers wishing to reduce operating costs and their ease of installation and maintenance, this category is expected to dominate the global household clothes dryer market from 2021 to 2028.

• Gas Dryers: Certain drying machines run on gas heat rather than electricity. Usually made of hot metal surfaces heated by infrared radiation, these are enclosed spaces where wet clothes are tossed around until they are completely dry and ready to wear. Although gas dryers are more costly than electric ones, they also often dry clothing more quickly, cutting down on the amount of time needed for the entire process.

By Application

Based on application the global market can be categorized into home, hotel, laundry and others.

• Homes: Laundry dryers are a typical household equipment used for rapidly and effectively drying wet textiles. They are especially useful in places where there is little room for outside drying or bad weather. In order to suit varied materials and tastes, modern home dryers frequently come with a variety of settings and capabilities.Facilities for Laundry: Industrial-grade dryers are used to handle large volumes of laundry from several customers in commercial settings like coin-operated laundry facilities or laundromats. These dryers are made to withstand repeated usage thanks to their sturdy and effective construction.

• Hotels and Hospitality: Laundry dryers are essential to the guest laundry services offered by many hotels. Laundry facilities are frequently available at hotels to handle textiles such as towels and linens from guest rooms. Tablecloths, other linens, and staff uniforms are also dried in dryers at hotels with on-site laundry facilities. In bigger hotels with significant laundry requirements, industrial dryers are typical.

• Others: Laundry dryers are used in healthcare environments, such as hospitals and clinics, to dry and disinfect fabrics like scrubs and linens. Certain characteristics of specialized healthcare dryers may guarantee high-level disinfection. Kitchen towels, aprons, and other textiles may be managed by on-site laundry facilities at restaurants and other food enterprises. In locations where food is prepared, dryers aid in preserving hygienic conditions. Laundry facilities are available in certain industrial environments, such as factories or manufacturing plants, where workers may clean and dry their uniforms and clothing.

DRIVING FACTORS

"Increasing Consumer Awareness, Convinience and Time Savings to Electrify the Market Growth"

Laundry dryers' ease is one of the main motivators. When compared to air drying, they enable customers to dry garments rapidly and effectively while saving a substantial amount of time. The rising demand can be attributed to increased awareness of the advantages of utilizing laundry dryers, including lower allergen levels, faster drying periods, and the capacity to dry huge loads.

"Urbanization and Increased Disposable Income to Accelerate the Market Sales"

Living in an urban area generally means having less outside space, which makes it difficult for individuals to air dry their garments. Indoor clothes drying is made space-efficient with the help of laundry dryers. The desire for gadgets that simplify domestic duties is fueled in part by busy lifestyles and dual-income households. Laundry dryers meet the demands of single people and families on the lookout for practical solutions. The building of flats and condominiums is one housing development that frequently results in a lack of outdoor drying areas. Laundry dryers constitute an essential element of the home laundry routine in these kinds of environments. Consumers are more inclined to purchase time- and convenience-saving household gadgets when their disposable earnings increase. As a typical home device, laundry dryers profit from this trend.

RESTRAINING FACTOR

"Fabric Wear and Tear with Risk of Over-Drying to Deprive the Market Growth"

Over time, materials may experience increased wear and tear as a result of high-heat drying. For some clothing, letting them air dry or utilizing low heat settings will help extend their life. Even on low heat, certain fragile textiles might not be appropriate for drying in a normal dryer. Clothing care labels should be examined to make sure they are suitable for machine drying. In the absence of sensor technology, dryers run the danger of over-drying clothing, which increases wear and energy usage. Models with sensors assist avoid this by identifying the amount of moisture present. Hence, such factors are expected to hinder the laundry dryers market growth during the forecast period.

LAUNDRY DRYERS MARKET REGIONAL INSIGHTS

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"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

"North America with with Well-Established Market and High Per Capita Consumption to Dominate the Market Growth"

The North American region will outpace the laundry dryers market share during the forecasted period. The rise in the number of homes having access to these devices is the reason for the market domination. This is because its rate of per capita usage of clothes dryers is greater. Laundry appliances have a well-established market in both the US and Canada. Laundry dryer demand is influenced by busy lives, high home-ownership rates, and the need for convenience. Growing environmental consciousness has led to a surge in popularity for energy-efficient versions.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to laundry dryers to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

Panasonic (Japan)

Samsung (South Korea)BOSCH (Germany)LG (South Korea)Sanyo (Japan)Haier (China)MieleMidea (China)ElectroluxHavells (India)IFB Industries (India)Whirlpool (U.S.).

INDUSTRIAL DEVELOPMENT

• April 2022: The Lifestyle Updates Business Division was the division that adopted the Panasonic Corporation name following the reorganization. Panasonic announced a plan to restructure the company, dividing it into Panasonic Holdings Corporation (the former Panasonic Corporation) and converting its divisions into subsidiaries.

• July 2020: The seven "domain companies" that make up Panasonic's activities are Appliances, Life Solutions, Connected Solutions, Automotive, Industrial Solutions, and two foreign branches that manage the company's operations in Asia and the US. Every one of these businesses could have a number of subsidiaries that carry out real business.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.