Global Electric Dryer Market - Industry Analysis, Trends and Forecast to 2019-2024
The global electric dryers market size is anticipated to reach US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.
(EMAILWIRE.COM, June 28, 2019 ) According to the latest report by IMARC Group, titled “Global Electric Dryer Market Research Report and Forecast 2019-2024”, the global electric dryers market reached a value of US$ 10.7 Billion in 2018. An electric dryer is a kind of electronic home appliance that comprises a rotating drum, coiled wires to heat the air present inside the drum, and an exhaust vent to pass out water in the form of steam. It is widely used in the domestic sector to remove moisture from clothes and other textile products. Since these dryers offer faster drying cycle as compared to the traditional way of open drying of clothes, they are rapidly becoming an indispensable part of the domestic sector, especially in urban areas.
Request for a free sample copy of this report: https://www.imarcgroup.com/electric-dryer-market/requestsample
Market Trends:
Unlike air drying, electric dryers act as a more convenient option for drying clothes as they are less time consuming and work irrespective of the weather conditions. Air drying of clothes takes up a significant amount of time off an individual’s busy schedule, while electric dryers perform the task in less time and effectively as well. Apart from this, governments of several countries are promoting the use of energy-saving appliances. This has driven the consumers to opt for dryers with energy labels such as ENERGY STAR, which represent the energy efficiency rate of a product. Furthermore, innovative features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors are also contributing to the demand for these dryers. Other factors such as rising disposable income, aggressive promotional activities by manufacturers, and growing urbanization also contribute to the market growth. On account of these factors, the global electric dryers market size is anticipated to reach US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.
Browse Full Report With Table of Contents: https://www.imarcgroup.com/electric-dryer-market
Insights on Market Segmentation:
Market Breakup by Type of Electric Dryer Market:
1. Vented Dryer
2.Ventless/Condenser Dryer
Based on the product type, vented dryer represents the most popular product type, followed by ventless/condenser dryer.
Market Breakup by Distribution Channel of Electric Dryer Market:
1.Specialty Stores
2.Company-Owned Stores
3.Hypermarkets and Supermarkets
3.Online
4. Others
On the basis of the distribution channel, the market has been divided into specialty stores, company-owned stores, hypermarkets and supermarkets, online and others. Amongst these, specialty stores hold the leading position in the market.
Market Breakup by End User of Electric Dryer Market:
1.Commercial
2.Residential
Based on the end user, the market has been bifurcated into commercial and residential. Presently, the residential segment accounts for the majority of the total market share.
Market Breakup by Distribution Channel of Electric Dryer Market:
1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America
On the geographical front, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America currently holds the dominant market share.
The report has also analyzed the competitive landscape of the market with some of the key players being Samsung Electronics Co., Ltd., Whirlpool Corporation, Electrolux AB, LG Electronics, Arçelik, Gorenje, Haier Group Corporation, Panasonic Corporation, Smeg Group S.p.A., GE, Asko, Crosslee, Hoovers, Kenmore Appliances, Midea, Miele, Robert Bosch, Robert Bosch GmbH and Sears Holdings (Kenmore).
Browse Similar Report by IMARC Group:
Europe LED Market Research Report and Forecast: https://www.imarcgroup.com/europe-led-lighting-market
Africa Mobile Money Market Research Report and Forecast: https://www.imarcgroup.com/africa-mobile-money-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
Request for a free sample copy of this report: https://www.imarcgroup.com/electric-dryer-market/requestsample
Market Trends:
Unlike air drying, electric dryers act as a more convenient option for drying clothes as they are less time consuming and work irrespective of the weather conditions. Air drying of clothes takes up a significant amount of time off an individual’s busy schedule, while electric dryers perform the task in less time and effectively as well. Apart from this, governments of several countries are promoting the use of energy-saving appliances. This has driven the consumers to opt for dryers with energy labels such as ENERGY STAR, which represent the energy efficiency rate of a product. Furthermore, innovative features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors are also contributing to the demand for these dryers. Other factors such as rising disposable income, aggressive promotional activities by manufacturers, and growing urbanization also contribute to the market growth. On account of these factors, the global electric dryers market size is anticipated to reach US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.
Browse Full Report With Table of Contents: https://www.imarcgroup.com/electric-dryer-market
Insights on Market Segmentation:
Market Breakup by Type of Electric Dryer Market:
1. Vented Dryer
2.Ventless/Condenser Dryer
Based on the product type, vented dryer represents the most popular product type, followed by ventless/condenser dryer.
Market Breakup by Distribution Channel of Electric Dryer Market:
1.Specialty Stores
2.Company-Owned Stores
3.Hypermarkets and Supermarkets
3.Online
4. Others
On the basis of the distribution channel, the market has been divided into specialty stores, company-owned stores, hypermarkets and supermarkets, online and others. Amongst these, specialty stores hold the leading position in the market.
Market Breakup by End User of Electric Dryer Market:
1.Commercial
2.Residential
Based on the end user, the market has been bifurcated into commercial and residential. Presently, the residential segment accounts for the majority of the total market share.
Market Breakup by Distribution Channel of Electric Dryer Market:
1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America
On the geographical front, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America currently holds the dominant market share.
The report has also analyzed the competitive landscape of the market with some of the key players being Samsung Electronics Co., Ltd., Whirlpool Corporation, Electrolux AB, LG Electronics, Arçelik, Gorenje, Haier Group Corporation, Panasonic Corporation, Smeg Group S.p.A., GE, Asko, Crosslee, Hoovers, Kenmore Appliances, Midea, Miele, Robert Bosch, Robert Bosch GmbH and Sears Holdings (Kenmore).
Browse Similar Report by IMARC Group:
Europe LED Market Research Report and Forecast: https://www.imarcgroup.com/europe-led-lighting-market
Africa Mobile Money Market Research Report and Forecast: https://www.imarcgroup.com/africa-mobile-money-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
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IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results