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Cloth Drying Machine Market Trends

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

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Cloth Drying Machine Market Trends

The increasing technological advancements have a profound impact on the growth of the market. Wi-Fi and smartphone connectivity empower users to remotely control and monitor their dryers. This technology allows consumers to start, stop, and adjust drying cycles via their smartphones, receive maintenance alerts, and diagnose issues without requiring a technician. According to the U.S. Department of Energy, smart appliances can reduce energy consumption by up to 10%. This convenience is driving adoption, particularly among tech-savvy consumers. Additionally, advancements in technology have led to the creation of compact and stackable dryers, which are ideal for urban homes with limited space.

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.