Gas Dryer Market– Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
Global Gas Dryer Market size was valued at USD 7.90 Bn. in 2023 and the total Gas Dryer revenue is expected to grow by 4 % from 2024 to 2030, reaching nearly USD 10.40 Bn.
Gas Dryer Market Overview:
The heat required to dry clothing and textiles is generated by gas clothes dryers. The gas dryer uses less electricity to run the machine and frequently heat the clothing faster, resulting in faster drying times. Gas dryer is used in residential, commercial, Laundry Services, Washing and Dry Cleaning Centers, Hotels, Hospitals & Nursing Homes, and others. Gas dryers are being applied more and more as an additional installment to save houses time and labor. The best thing about gas dryers being a fast-dwarfing-cycle equipping model that will invariably save you during those heavy, unpredictable weather conditions. The reliability of gas dryers is too high as their majority is featured with moisture detectors to understand how many grams of water one piece of and avoid overheating your clothes.
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The usage in residential, commercial, washing and dry cleaning centers, laundry services, hospitals & nursing homes, and hotels is extensive. The dryers usually consume less electricity than other dryers. Further, the dryers are effective and have resulted in faster drying times. The dryers help to dry a load of laundry more quickly. It is more efficient than electric dryers, which is estimated to drive market progress. The dryers are safe and require proper installation that is expected to foster market progress in the forthcoming years. Further, the presence of several market players and growing investment by key players is anticipated to accelerate market progress in the forthcoming years. Gas dryers are very crucial household appliances that help to dry clothes quickly. It offers some advantages such as quick moisture absorption.
Global Gas Dryer Market Dynamics:
Rapid urbanization, rising global population, lifting living standards, and getting wealthy are the first key factors of the high demand for gas dryers for houses around the world staging a boost. The rise of gas dryers for their multiple benefits to clients is presenting opportunities for companies to capitalize on. By investing in different marketing approaches including celebrity endorsements and social media campaigns, leading companies are pursuing the shaping of the best-selling formula. Besides this, the increase in the buyer inclination toward on-demand laundry and dry-cleaning service providers which pick up and deliver the clothes at the client`s doorstep is another factor propelling the growth of the manufacturing sector of this industry. On the other hand, the installation of drop-off gas dryer stores creates the space for a growing need for these dryers worldwide. Additionally, besides that, the widespread selling channels, for both, offline and online platforms, with different versions, colors, capacities, and load rates, are making this market grow. What is more, the growing popularity among people in terms of seeing energy labels such as Energy Star for purchasing certified and energy-efficient appliances is going to help the market extend positively.
Gas dryers are important household appliances that allow clothes to dry quickly while also absorbing moisture. Natural gas or liquid propane are used to power gas dryers, and it is typically suggested that they be installed by professionals. The use of gas dryers is increasing as the number of laundry services grows. During the forecast period, the global gas dryer industry is expected to be driven by lower operating costs and cheap pricing. However, the availability of other alternatives (electric dryers and washing machines) is expected to limit the gas dryer market growth during the forecast period.
Due to their high energy efficiency and low operating costs, gas dryers are becoming increasingly popular. However, various alternatives, such as electric dryers and washing machines, are expected to hamper the market growth for gas dryers. People prefer washing machines to dryers because dryers take up too much space. The availability of other low-cost alternatives is expected to restrain the gas dryer market growth. Furthermore, higher installation and maintenance costs, higher costs compared to electric dryers, unique fittings, and the necessity for gas line installation are all major factors that contribute to gas dryers being less popular.
The gas dryer market is expected to be driven by an increase in the number of laundry service providers.
The laundromat industry has benefited from increased urbanization and a higher level of living. Different drying levels are available with gas dryers, which help to automatically establish the ideal heating intensity for drying purposes based on the cloth type. People's lifestyles have changed as their disposable revenue has increased and their level of living has improved. The increasing use of laundry services is expected to drive the growth of the gas dryer market during the forecast period.
Global Gas Dryer Market Segment Analysis
Based on the Product Type, the market is segmented into With Steam Function, and Without Steam Function. The gas dryer with steam function segment is expected to hold the largest gas dryer market share of xx% by 2030. Steam function dryers have an additional cycle that adds steam to the mix. This type of dryer can save you money on electricity and comes with options like scheduled drying and delicate cycles. A traditional dryer dries your wet garments by blowing hot air over them, causing the moisture to evaporate. A steam function dryer utilizes hot air to dry clothes as well, but it also contains a steam cycle, in which moist air permeates the materials, softening them and reducing wrinkles. Steam function dryers can use steam in a variety of ways. Some dryers, for example, produce a fine mist, while others produce a clear stream of steam. Both methods of applying steam, however, can have the same results. These are the factors that are expected to drive the growth of this segment in the gas dryers market during the forecast period.
Based on the end user, the market is segmented into Residential, Commercial, Laundry Services, Washing and Dry Cleaning Centers, Hotels, Hospitals & Nursing Homes, and Others (Senior Living Communities, Hostels, etc.). Laundry services and Washing and Dry Cleaning Centers segments are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2024-2030. This is due to the increasing demand for gas dryers in the laundry services and Washing and Dry Cleaning Centers. This is because gas dryers provide lots of benefits to the laundry and Washing and Dry Cleaning Centers. In the long term, gas might be a more cost-effective and inexpensive fuel. A gas dryer dries clothes fast and produces less static cling than an electric dryer. Because gas dryers dissipate heat faster when the cycle is over, they can keep wear from wrinkling. These are the factors that are expected to drive the growth of these segments in the gas dryers market during the forecast period.
Based on the Distribution Channel, the market is segmented into Online, E-commerce Websites, Company-owned Websites, Offline, Hypermarkets & Supermarkets, Departmental Stores, and Others (Electronics Retail Stores, Brand Stores, etc.). Hypermarkets & Supermarkets segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Consumer expectations are evolving at a rapid pace, and supermarkets must adapt to keep up. Customers' devices may display customized prices in the forecast period. This would enable supermarkets to personalized offers based on a customer's profile, shopping history, and current location within the store. In-store and online interactions with customers will become increasingly personalized. These are the key factors that are expected to drive the growth of the Hypermarkets & Supermarkets segment in the gas dryers market during the forecast period.
Gas Dryer Market Regional Insights:
The North American region dominated the Gas Dryer Market and is expected to dominate during the 2024-2030 forecast period. The region of North America which lays a claim to the highest market share of xx% is expected to be that by 2030. An increase in the latter is a result of a sharp increase in the number of laundries and laundry services in the US. Additionally, the fore-front presence of the top chief of the gas dryers in the United States in the subsistence is also probably to move the rise of the North American region in the gas dryer market in the projected period.
Asia-Pacific region will register a high growth rate of xx%, which is predicted to occur between 2024 and 2030. This is what happens as the markets of India and China rise. This is said to be the leading factor behind the significant price fluctuations. The number of different sectors has multiplied with the continued expansion of areas like hospitals, hotels, and laundry services that have led to the rapid economic growth of the region.
Europe area is forecasted to be the fastest growing market among all over the world for gas dryers during the period 2024-2030. This is because Louis Services, the Washing and Dry Cleaning Centers, Hotels Hospitals & Nursing Homes are increasing the demand of gas dryers, and they are benefitting from this demand due to the multiple benefits that the gas dryers offer to these end-users in Europe.
Gas Dryer Market Scope: Inquire before buying
| Global Gas Dryer Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 7.90 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4% | Market Size in 2030: | US $ 10.40 Bn. |
| Segments Covered: | by Product Type | With Steam Function Without Steam Function |
|
| by Capacity | Less than 7 cu. ft. 7 – 8 cu. ft. More than 8 cu. ft. |
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| by Price Range | Less than US$ 300 US$ 300 – US$ 500 US$ 500 – US$ 700 US$ 700 – US$S 900 More than US$ 900 |
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| by End-User | Residential Commercial Laundry Services Washing and Dry Cleaning Centers Hotels Hospitals & Nursing Homes Others (Senior Living Communities, Hostels, etc.) |
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| by Distribution Channel | Online Offline Hypermarkets & Supermarkets Departmental Stores Others (Electronics Retail Stores, Brand Stores, etc.) |
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Gas Dryer Market, by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Gas Dryer Market Key Players for North America
1. Whirlpool Corporation - United States
2. Maytag - United States
3. Frigidaire - United States
4. Transform SR Brands LLC (Kenmore) - United States
5. Speed Queen - United States
Gas Dryer Market Key Players for Europe
1. Electrolux AB - Sweden
Gas Dryer Market Key Players for Asia Pacific
1. GE Appliances - China
2. Samsung - South Korea
3. LG Electronics - South Korea
4. AMI Cooling System - India
5. Neotech Energy Systems Pvt Ltd - India
6. DCC Print Vision LLP - India
7. L Tech Engineering - India
8. NS Steam System - India
9. Delair India Private Limited - India
10. Perma Pure India Ltd - India
Frequently Asked Questions:
1. Which region has the largest share in the Global Gas Dryer Market?
Ans: North America held the highest share in 2023.
2. What is the growth rate of the Global Gas Dryer Market?
Ans: The Global Market is expected to grow at a CAGR of 4 % during the forecast period 2024-2030.
3. What is the scope of the Global Gas Dryer Market report?
Ans: The Global Gas Dryer Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in the Global Gas Dryer Market?
Ans: The important key players in the Global Gas Dryer Market are – GE Appliances (Haier Company), Samsung, Whirlpool Corporation, LG Electronics, Maytag, Frigidaire, Electrolux AB, and Speed Queen.
5. What is the study period of this market?
Ans: The Global Gas Dryer Market is studied from 2023 to 2030.