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Tumble Dryer Market Size
The global tumble dryer market size was valued at USD 20.3 Billion in 2023 and is estimated to grow at a CAGR of over 5.4% from 2024 to 2032. Urbanization and changing lifestyles are driving the progression of the industry, especially in cities.
As more people move to cities and live in smaller homes, the need for space-saving and convenient appliances like tumble dryers has increased. In crowded urban areas, where outdoor drying is difficult, tumble dryers offer a good indoor solution, especially compact models that fit in small spaces. The fast-paced city life also makes time-saving appliances more attractive. People want to finish household tasks quickly, and tumble dryers’ dry clothes much faster than traditional methods. As incomes rise in cities, people are more willing to buy premium, energy-efficient models with features like smart technology, quick-dry cycles, and eco-friendly modes.
Who are some of the prominent players in the tumble dryer industry?
Key players in the industry include American Dryer, ASKO Alliance, Danube, Dexter Laundry, Electrolux, GIRBAU, Haier, LG, Little Swan, Maytag, and Miele.
What is the size of the U.S. tumble dryer market?
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.
Why is the use of electric tumble dryers rising?
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.
How big is the tumble dryer market?
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.