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Cloth Drying Machine Market Share
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
What is the size of the North America cloth drying machine market?
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.
Why is the demand for electric cloth drying machine growing?
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.
How big is the cloth drying machine industry?
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.
Who are the key leaders in the cloth drying machine industry?
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.