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Tumble Dryer Market Analysis

  • Report ID: GMI12236
  • Published Date: Nov 2024
  • Report Format: PDF

Tumble Dryer Market Analysis

Electricity tumble dryers are driving the expansion of the market with CAGR 5.9% and expected to reach USD 16.2 billion in 2032. Electric tumble dryers lead the market because they are affordable, energy-efficient, and easy to use. They are widely available and work with standard home electrical systems, making them easier to install than gas dryers, which need more complex venting and connections. As a result, most consumers prefer electric dryers for a hassle-free and cost-effective solution. Modern electric dryers are more energy-efficient, using technologies like heat pump systems and sensor-based drying to reduce electricity use while still performing well.

 

Additionally, electric models are seen as safer than gas dryers since they don't use flammable fuels, increasing consumer trust. With growing demand for compact, space-saving models in urban areas, electric dryers have become the top choice for consumers seeking efficiency and convenience. As sustainability becomes more important, eco-friendly electric dryers with less environmental impact are becoming more popular, further strengthening their market leadership.

 

Tumble Dryer Market Size, By Application, 2021 – 2032, (USD Billion)

Tumble dryer market from clothing or laundry industry is expected to reach USD 13 billion in 2032. The clothing and laundry industry is the main user of tumble dryers. This is because there is a growing need for fast, efficient, and high-capacity drying solutions in both commercial and residential areas. In places like laundromats, hotels, and hospitals, tumble dryers are very important. These businesses handle a lot of laundry and need quick drying times. Tumble dryers help them dry large loads of clothes, linens, and towels quickly and reliably.

 

In homes, especially in cities where outdoor drying space is limited, tumble dryers are a convenient and space-saving option, making them a must-have appliance. Modern tumble dryers can handle different types of fabrics, from delicate clothes to heavy bedding, ensuring they are well cared for and last longer. The demand for energy-efficient models, like those with heat pump technology or moisture sensors, is also growing. Both businesses and consumers want to reduce energy use and costs.

 

U.S. Tumble Dryer Market Size, 2021 – 2032, (USD Billion)

The tumble dryer market in the United States is expected to reach USD 6.6 billion in 2032. The U.S. has strong consumer purchasing power, leading to high demand for home appliances that save time and offer convenience. As one of the wealthiest countries, U.S. consumers prefer high-performance, energy-efficient tumble dryers. This demand is further boosted by interest in advanced technologies like smart dryers with Wi-Fi and energy monitoring. Urbanization and small living spaces in US cities have increased the popularity of stackable and ventless tumble dryers, which are ideal for apartments.

 

Additionally, the U.S. commercial laundry sector relies on high-capacity, efficient tumble dryers, adding to market demand. North America's leadership in the industry is supported by its economic strength, technological innovation, and solid infrastructure. Major US-based appliance manufacturers and their global export capabilities further strengthen North America's position as a leader in both regional and global markets.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global tumble dryer industry was valued at USD 20.3 billion in 2023 and is estimated to grow at a 5.4% CAGR from 2024 to 2032, driven by urbanization and changing lifestyles.

The electric tumble dryers market recorded a CAGR of 5.9% and is expected to reach USD 16.2 billion by 2032, due to their affordability, energy efficiency, and ease of use.

U.S. tumble dryer industry is expected to reach USD 6.6 billion by 2032, driven by strong consumer purchasing power and a preference for high-performance, energy-efficient appliances.

Key players in the industry include American Dryer, ASKO Alliance, Danube, Dexter Laundry, Electrolux, GIRBAU, Haier, LG, Little Swan, Maytag, and Miele.

Tumble Dryer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 150
  • Countries covered: 18
  • Pages: 230
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