Global Electric Dryers Market to Witness a CAGR of Approx 4% During 2019-2024 - Market Analyzed by Product Type, Distribution Channel, End-user and Region
DUBLIN, July 9, 2019 /PRNewswire/ -- The "Electric Dryers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
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The global electric dryers market was worth US$ 10.7 Billion in 2018. Looking forward, the market value is projected to exceed US$ 13.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.
Electric dryers are rapidly replacing gas dryers which emit carbon dioxide in the atmosphere. Moreover, electric dryers have become a necessity in majority of the households owing to altering lifestyles, extended working hours and elevating per capita incomes.
Market Drivers
As air drying of clothes is a time-consuming process and is highly dependent on favorable climatic conditions, consumers residing in colder climates, such as North America and Europe, prefer fast-functioning electric dryers. Apart from this, consumers living in micro-apartments, particularly in populated regions like India and China, are also favoring these dryers due to negligible space available in their home for air drying clothes.
Electric dryers are commonly equipped with features such as delicate cycle, steam refresh, sanitize cycle and moisture sensors. Due to technological advancements, manufacturers are now introducing efficient electric dryers with clothes-specific options that require different degrees of care while drying. For instance, consumers can now monitor and control their dryers using smartphones.
Due to rising global population, growing urbanization, declining exhaustible resources and increasing electricity rates, various governments as well as non-governmental organizations are promoting the adoption of energy-efficient appliances. This has enabled consumers to invest in ENERGY STAR certified electric dryers, thereby reducing their overall electricity consumption.
Key Questions Answered
-- How has the global electric dryers market performed so far and how will
it perform in the coming years?
-- What are the key regional markets in the global electric dryers
industry?
-- What is the breakup of the global electric dryers market on the basis of
product type?
-- What is the breakup of the global electric dryers market on the basis of
distribution channel?
-- What is the breakup of the global electric dryers market on the basis of
end-user?
-- What are the various stages in the value chain of the global electric
dryers market?
-- What are the key driving factors and challenges in the global electric
dryers market?
-- What is the structure of the global electric dryers market and who are
the key players?
-- What is the degree of competition in the global electric dryers market?
-- How are electric dryers manufactured?
Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.3 Key Industry Trends
5 Global Electric Dryers Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product Type
6.1 Vented Dryer
6.2 Ventless/Condenser Dryer
7 Market Breakup by Distribution Channel
7.1 Specialty Stores
7.2 Company Owned Stores
7.3 Hypermarkets and Supermarkets
7.4 Online
7.5 Others
8 Market Breakup by End-User
8.1 Commercial
8.2 Residential
9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Manufacturing Process
14.1 Product Overview
14.2 Raw Material Requirements
14.3 Manufacturing Process
14.4 Key Success and Risk Factors
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Samsung Electronics Co. Ltd.
15.3.2 Whirlpool Corporation
15.3.3 Electrolux AB
15.3.4 LG Electronics
15.3.5 Arelik
15.3.6 Gorenje
15.3.7 Haier Group Corporation
15.3.8 Panasonic Corporation
15.3.9 Smeg Group S.p.A.
15.3.10 GE
15.3.11 Asko
15.3.12 Crosslee
15.3.13 Hoovers
15.3.14 Kenmore Appliances
15.3.15 Midea
15.3.16 Miele
15.3.17 Robert Bosch
15.3.18 Sears Holdings (Kenmore)
For more information about this report visit https://www.researchandmarkets.com/r/87fs0b
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