Laundry Driers Market size is estimated to be USD 5.8 Billion in 2024 and is expected to reach USD 9.7 Billion by 2033 at a CAGR of 6.3% from 2026 to 2033.
In 2022, the global laundry driers market was valued at approximately USD 10,204.32 million and is projected to reach USD 15,070.44 million by 2028, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period. North America held a significant portion of this market, with the United States leading the region. Europe also contributed substantially, with Germanys market expected to reach USD 706.49 million by 2028. In the Asia Pacific region, China accounted for USD 1,924.21 million in 2021 and is anticipated to increase its share to 23.07% by 2028, experiencing a CAGR of 7.61%. The markets growth is driven by factors such as increased disposable incomes, urbanization, and the rising number of middle class households capable of affording washing machines and driers. Technological advancements, including the integration of smart features like Wi Fi connectivity and moisture sensors, are enhancing product appeal. However, challenges such as stringent energy efficiency regulations and fluctuating raw material costs may impact market expansion. Opportunities lie in emerging markets where rapid urban development and changing lifestyles are increasing the demand for convenient laundry solutions.
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Panasonic
Samsung
Siemens
LG
Iris
Sanyo
Haier
BOSCH
Miele
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Laundry Driers Market
Vented Dryers
Condenser Dryers
Heat Pump Dryers
Gas Dryers
Electric Dryers
Compact Dryers (up to 4.0 cu ft)
Medium Dryers (4.1 to 7.0 cu ft)
Large Dryers (above 7.0 cu ft)
Wi-Fi Enabled
App-Controlled
Voice Assistant Compatible
Energy Star Rated
Non-Energy Star Rated
High-Efficiency Models
Economical (under $500)
Mid-Range ($500 - $1,000)
Premium ($1,000 and above)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Laundry Driers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Laundry Driers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Laundry Driers Market, By Type
6. Global Laundry Driers Market, By Application
7. Global Laundry Driers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Laundry Driers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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