Electric Dryers Market is Growing Rapidly with Leading key players Samsung Electronics, Whirlpool Corporation, LG Electr

1. Global Electric Dryers Market Report, Trends, Growth, Key Players and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Electric Dryers Market Report By Product Type (Vented Dryer and Ventless/Condenser Dryer), End-User (Commercial and Residential), Distribution Channel, Region Electric dryers are home appliances which help in drying clothes by removing moisture from them. These dryers offer many advantages such as convenience, easy installation, and cost-effectiveness. Over the past few years, electric dryers have gained popularity across the globe due to the hectic lifestyles of the working population and their elevating incomes. Market Overview: According to the latest report by IMARC Group titled, “Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 10.7 Billion 2018. Looking forward, the market is expected to reach a value of US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024. With rapid urbanization, particularly in populated regions like India and China, consumers have started living in smaller apartments. The shortage of space within the apartments for air drying clothes has further contributed to an increased demand for electric dryers. Also, electric dryers offer advanced features such as LED interfaces, and temperature and moisture sensing control. Owing to this, consumers residing in colder climates, are shifting from air dryers to electric dryers. These dryers also help in saving energy, reducing wear and tear on clothes and even enabling consumers to monitor and control their dryers using smartphones.

4. Report Description and Highlights Report Description • Moreover, a large number of consumers are investing in ENERGY STAR certified electric dryers as various governments as well as non-governmental organizations are promoting the use of energy-efficient appliances to reduce overall electricity consumption. • Global Electric Dryers 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.

5. Market Forecast Sample Figure: Global: Electric Dryers Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Electric Dryers Market Segmentation: • Market Segmentation by Product Type • Vented Dryer • Ventless/Condenser Dryer • On the basis of products, the market has been segmented as vented dryer and ventless/condenser dryer. • Market Segmentation by Distribution Channel • Specialty Stores • Company Owned Stores • Hypermarkets and Supermarkets • Online • Others • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1196&flag=B

7. Market Segmentation Report Description • Based on distribution channel, the market has been segregated as specialty stores, company owned stores, hypermarkets and supermarkets, online and others. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, North America is the biggest market for electric dryers, accounting for the majority of the global share. • Market Segmentation by End-User • Commercial • Residential • For more information, click here: https://www.imarcgroup.com/electric-dryer-market

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • On the basis of end-user, the market has been segmented as commercial and residential. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • 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

10. Market Segmentation Report Description • Midea • Miele • Robert Bosch • Robert Bosch GmbH • Sears Holdings (Kenmore) • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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