AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Global Market for Electric Dryers (2019-2024): $13.4 Billion Opportunity Analysis with Profiles of Key Players - ResearchAndMarkets.com

May 3, 2019

DUBLIN--(BUSINESS WIRE)--May 3, 2019--The “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global electric dryers market was worth US$ 10.7 Billion in 2018. Looking forward, the market value is projected to exceed US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.

Electric dryers are rapidly replacing gas dryers which emit carbon dioxide in the atmosphere. Moreover, electric dryers have become a necessity in majority of the households owing to altering lifestyles, extended working hours and elevating per capita incomes.

Market Drivers

As air drying of clothes is a time-consuming process and is highly dependent on favorable climatic conditions, consumers residing in colder climates, such as North America and Europe, prefer fast-functioning electric dryers. Apart from this, consumers living in micro-apartments, particularly in populated regions like India and China, are also favoring these dryers due to negligible space available in their home for air drying clothes.

Electric dryers are commonly equipped with features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors. Due to technological advancements, manufacturers are now introducing efficient electric dryers with clothes-specific options that require different degrees of care while drying. For instance, consumers can now monitor and control their dryers using smartphones.

Due to rising global population, growing urbanization, declining exhaustible resources and increasing electricity rates, various governments as well as non-governmental organizations are promoting the adoption of energy-efficient appliances. This has enabled consumers to invest in ENERGY STAR certified electric dryers, thereby reducing their overall electricity consumption.

Key Questions Answered

  • How has the global electric dryers market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global electric dryers industry?
  • What is the breakup of the global electric dryers market on the basis of product type?
  • What is the breakup of the global electric dryers market on the basis of distribution channel?
  • What is the breakup of the global electric dryers market on the basis of end-user?
  • What are the various stages in the value chain of the global electric dryers market?
  • What are the key driving factors and challenges in the global electric dryers market?
  • What is the structure of the global electric dryers market and who are the key players?
  • What is the degree of competition in the global electric dryers market?
  • How are electric dryers manufactured?

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.3 Key Industry Trends

5 Global Electric Dryers Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Product Type

5.4 Market Breakup by Distribution Channel

5.5 Market Breakup by End-User

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Product Type

6.1 Vented Dryer

6.2 Ventless/Condenser Dryer

7 Market Breakup by Distribution Channel

7.1 Specialty Stores

7.2 Company Owned Stores

7.3 Hypermarkets and Supermarkets

7.4 Online

7.5 Others

8 Market Breakup by End-User

8.1 Commercial

8.2 Residential

9 Market Breakup by Region

9.1 North America

9.2 Europe

9.3 Asia Pacific

9.4 Middle East and Africa

9.5 Latin America

10 SWOT Analysis

9.1 Overview

9.2 Strengths

9.3 Weaknesses

9.4 Opportunities

9.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Manufacturing Process

14.1 Product Overview

14.2 Raw Material Requirements

14.3 Manufacturing Process

14.4 Key Success and Risk Factors

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 Samsung Electronics Co. Ltd.

15.3.2 Whirlpool Corporation

15.3.3 Electrolux AB

15.3.4 LG Electronics

15.3.5 Arelik

15.3.6 Gorenje

15.3.7 Haier Group Corporation

15.3.8 Panasonic Corporation

15.3.9 Smeg Group S.p.A.

15.3.10 GE

15.3.11 Asko

15.3.12 Crosslee

15.3.13 Hoovers

15.3.14 Kenmore Appliances

15.3.15 Midea

15.3.16 Miele

15.3.17 Robert Bosch

15.3.18 Sears Holdings (Kenmore)

For more information about this report visit https://www.researchandmarkets.com/r/auwogn

View source version on businesswire.com:https://www.businesswire.com/news/home/20190503005447/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Household Appliances

KEYWORD:

INDUSTRY KEYWORD: HOME GOODS RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/03/2019 01:20 PM/DISC: 05/03/2019 01:20 PM

http://www.businesswire.com/news/home/20190503005447/en