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Cloth Drying Machine Market Share

Report ID: GMI11321
Published Date: Sep 2024
Report Format: PDF

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Cloth Drying Machine Market Share

Cloth Drying Machine Market Company Share Analysis (2023)

The market is moderately consolidated, with several regional companies operating on a global scale. Together these companies hold a market share of 25%-30% of the total market. These companies are investing heavily in research and development to create innovative products, such as smart cloth drying machines. They are also focusing on expanding their distribution networks, both online and offline, to reach a wider customer base.

Cloth Drying Machine Market Companies

Major players operating in the market are:

Arcelik Hitachi Home Appliances Sales (Singapore) Pte. Ltd.
BSH Home Appliances Group (Siemens)
BSH Home Appliances Ltd
ELECTROLUX AB
GE Appliances, a Haier company
Godrej Enterprises Group
Havells India Ltd.
LG Electronics
Maytag
Miele
Panasonic
SAMSUNG
Schulthess Maschinen AG
Whirlpool

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Cloth drying machine market size was USD 14.2 billion in 2023 and is expected to register 5% CAGR from 2024-2032 due to the increasing trend of pet humanization, where pets are treated as family members worldwide.

Cloth drying machine industry from the electric segment is expected to register 5.2% CAGR from 2024-2032 due to its features such as such as sensor drying, enhanced energy efficiency, and smart connectivity.

North America cloth drying machine industry is expected to register 5.2% CAGR from 2024-2032 due to their higher disposable incomes and increasing purchase of premium home appliances in the region.

ELECTROLUX AB, GE Appliances, a Haier company, Godrej Enterprises Group, Havells India Ltd., LG Electronics, Maytag, Miele, Panasonic, SAMSUNG, Schulthess Maschinen AG, and Whirlpool, are some of the major cloth drying machine companies worldwide.