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Upcoming Allied Market Research
2021
Electric Dryer Market

Electric Dryer Market by Type (Spin Dryer, Condenser Dryer, Heat Pump Dryer, Mechanical Steam Compression Dryer, Solar Clothes Dryer, and Others), Vent Type (Vented Dryer, and Vent Less Dryer), Application (Hotels, Food Services, Office Buildings, Malls, Hospitals, and Others), and Distribution Channel (Supermarkets/hypermarkets, Specialty Stores, Exclusive Stores, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12393
Pages: NA
Sep 2021 | 224 Views
   
Author(s) : Roshan Deshmukh
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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An electric dryer has developed as an important home appliance. It includes a droplet and utilizes thermal air to dry clothing. With the aid of spiral wires, the air within an electric dryer is heated by an electric current. Compared with the clothes-line open-air drying, customers become aware of the quicker drying cycle for electric dryers. The drying out of clothing in the open air has a bad weather effect, whereas an electric dryer may still be used in awful weather. Electric dryers are marked with A to G energy labels, where G is the lowest rating of energy efficiency and A is the highest rating of energy efficiency. Customers who wish to buy consumer appliances are supplied with comfort by the e-commerce company. With the onset of the pandemic, the demand and sales have been marginally reduced due to restrictions in the commercial industry operational activities.

Market Scope and Structure Analysis                                                            

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Segments Covered

 Type, Vent Type, Application, Distribution Channel, and Region

 Companies Covered

General Electric Company, LG Electronics, Inc., Samsung Electronics Co, Ltd., Whirlpool Corporation, Robert Bosch GmbH, Maytag Corporation, Insignia Systems, Inc., Haier Group Corporation, Electrolux AB, and Panasonic Corporation.

 

COVID-19 Impact Analysis

  • The advent of the global pandemic, COVID-19, has affected the electric dryer market negatively. An electric dryer is used to dry clothes with its heat wave. During the ongoing pandemic, the electric dryer was not considered a necessary product. Therefore, the demand for an electric dryer has decreased during these times.
  • As the COVID-19 pandemic has forced countries to enforce lockdown, the supply and distribution chain had disrupted. There was a restriction on the import and export of electric dryer as it was not an essential product. Hypermarkets/supermarkets and convenience stores were closed, creating a gap in demand and supply.
  • The production process for new batches of electric dryers had become a challenge for companies due to the limited availability of labor, disrupted supply of raw material, and logistic issue.

Top Impacting Factors

  • Consumers require energy-efficient electric dryers as the main drivers on the global electrical dryers market. Consumers are seeking energy-efficient dryers to minimize electricity use and to save bills money. Manufacturers aim to implement efficient electricity dryers to meet the increased need for efficient energy-saving devices with characteristics such as drying speed and energy economy as well as noise emissions. In addition, more attention will assist improve heat pump dryers by using less energy in the upcoming years.
  • Expensive electricity consumption and high initial investment are the factors that hinder the growth of the market in electric dryers. To address this disadvantage, however, manufacturers have focused on technological advancements to get improved energy labeling. The latest generation of electric dryers is made up of intelligent features such as humidity sensors and LED interfaces through technological developments.
  • As the world's population grows, urban growth develops, resources decline and electricity prices grow, many governments and NGOs promote energy-efficient equipment. The initiative to promote energy-efficient equipment has enabled users to invest in certified ENERGY STAR electric dryers, thereby lowering their total usage of power.

Market Trends

Next-gen innovation in electric dryer is expected to be a game-changer

The manufacturing company is aiming to introduce an electric dryer with technological development that is expected to increase the sales of an electric dryer. By use of numerous functionalities in the control settings of the electric dryer, customers may control the dryer cycle. The makers of electric dryers strive to increase the characteristics such as drying speed, energy efficiency, and noise emission. Some electric dryers include a function that uses steam to reduce wear and tear that may eliminate wrinkles and smells. The user may now examine the efficiency of the dryer with the advent of eco-monitors on the LCD panels.

The introduction of innovation such as Smartphone management and wrinkle reduction systems are crucial advances in the electric dryer sector. Manufacturers invest in technology to develop a method to prevent clothing from crumbling after a cycle. Some electric dryers have characteristics that eliminate discs and smells from steam.

Convenience is the most crucial factor for consumers.

Consumer rank’s convenience as the topmost priority while making buying decisions. Wireless or battery-operated electric dryers are proving to be the most convenient for consumers. The use of wireless electric dryers has changed since they are wireless and consumers use them from anywhere they wish to do so. The use of lithium-silicone batteries in the wireless electric dryer makes it a premium product because it offers hourly service for improved battery life.

Key Segments Covered

Type

  • Spin Dryer
  • Condenser Dryer
  • Heat Pump Dryer
  • Mechanical Steam Compression Dryer
  • Solar Clothes Dryer
  • Others

Vent Type

  • Vented Dryer
  • Vent Less Dryer

Application

  • Hotels
  • Food Service
  • Office Buildings
  • Malls
  • Hospitals
  • Others

Distribution Channel

  • Supermarkets/hypermarkets
  • Specialty Stores
  • Exclusive Stores
  • Online Retail
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the electric dryer industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dryer market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the electric dryer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed electric dryer market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the electric dryer market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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