The tumble dryer market is likely to register a CAGR of 2.6% during the forecast period, and is anticipated to reach a market share of US$ 20.14 Bn in 2032 from US$ 14.8 Bn in 2021, due to the growing need for energy-efficient electric dryers.
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The increasing middle-class economy, improved discretionary income levels in developing nations, increased labor expenses, busy lifestyles, and the availability of a variety of home appliances at competitive rates are all factors driving up the demand for tumble dryer.
With the rise of digitization, customers have grown more tech-savvy and have a better understanding of how to use and benefit from all modern products, resulting in higher sales of tumble dryer.
The rise of smart homes is assisting in the development of devices that can be connected to a user’s smartphone and monitored remotely. Tumble dryers are a very popular product in the home appliance industry, and sales of tumble dryer have an impact on the entire tumble dryer market share.
With increasing sales of tumble dryer, the move toward condenser dryers is continuing. As they are easier to install than vented, people are more inclined to adopt and purchase them.
What gives the Greater Growth Momentum to the Tumble Dryer Market?
Consumers have been selecting energy-saving dryers in recent years, which can help them avoid energy waste and save money on utility bills, prompting manufacturers to release a slew of energy-efficient dryers on the market and improving sales of tumble dryer.
Modern energy-efficient dryers have moisture sensor bars that detect the level of dampness in the load, preventing over-drying and energy waste. Furthermore, government agencies are providing discounts for ENERGY STAR-certified tumble dryers, resulting in an increase in demand for tumble dryer in the coming years.
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What are the Trends Followed by the Tumble Dryer Market Players?
As consumers are more drawn to new technologies and western culture, producers have a lot of opportunities to introduce change. They are zealous in their efforts to save electricity, which gives rise to the demand for tumble dryer. Over the projection period, this one essential element creates a critical opportunity for the tumble dryer market to gain momentum among its target audience and promotes sales of tumble dryer.
Whirlpool introduced a washer dryer set with ultra-noise reduction technology in 2016, which increased demand for tumble dryer. Manufacturers are strategizing on energy-saving solutions and new technologies, such as the Heat Pump Tumble Dryer, all these factors are contributing to the growth of tumble dryer market share.
Which is the Key Region of the Tumble Dryer Market?
In terms of sales of tumble dryer and revenue growth, North America is expected to have the greatest tumble dryer market share in the tumble dryer market. Changing weather patterns and an increase in the use of smart home products in the home.
Another important element driving the demand for the tumble dryer in this region is increased consumer spending on home appliances. Industrialization has been accelerating in several parts of the world, particularly in the Asia Pacific region, over the last few years.
How Competition impacts the Tumble Dryer Market?
Alliance, American Dryer, Pellerin Milnor, Miele Professional, Electrolux Professional, Maytag, Dexter Laundry, GIRBAU, Schulthess, Renzacci, Haier, Samsung, LG, Danube, ASKO, and Whirlpool are among the key players operating in the global tumble dryer market and contributing a significant tumble dryer market share.
- Modern electric dryers have novel features that have the potential to transform the appliance’s future in the marketplace. LG and Whirlpool, for example, have capabilities that allow customers to monitor and manage their appliances using their smartphones, which attracts customers and boosts sales of tumble dryer.
- With significant promotional activity across all categories, total sales of home appliances increased by 9% in 2016, increasing demand for tumble dryer. Tumble dryers experienced the highest year-over-year increase, with value sales increasing by 12%.
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| Segments covered | Type, application, distribution channel, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Alliance, American Dryer, Pellerin Milnor, Miele Professional, Electrolux Professional, Maytag, Dexter Laundry, GIRBAU, Schulthess, Renzacci, Haier, Samsung, LG, Danube, ASKO and Whirlpool |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |