Tumble Dryer Market: Global Industry Analysis and Forecast (2023-2029)

Tumble Dryer Market was valued at US$ 15.18 Bn. in 2022. Global Tumble Dryer Market size is estimated to grow at a CAGR of 2.6% over the forecast period.
Tumble Dryer Market Overview:
The Tumble Dryer Market is driven by the middle class which uses the appliance extensively because of its energy-efficient proposition of drying clothes. Increased disposable incomes, frequently moving urban populations and increased living standards, coupled with an increase in the size of middle class globally are factors that further boost the growth of the Tumble Dryer Market.

Tumble Dryers also utilise considerably less electricity than their heating counterparts, making them ideal for savings on the electricity bill and thus appeal to populations aware to energy conservation practices. As a result of the same, governments are incentivising Tumble Dryers that are rated high in the Energy-Star scale. These factors lay the precedent for a significant maintained demand for the product during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Tumble Dryer Market Dynamics:
end user
Increased purchasing power of the middle class and changing consumer behavior

Increased disposable incomes possessed by the middle class is the prime driving factor for the sale of Tumble Dryers. Customers have become more tech-savvy as a result of the advent of digitization, and have a better understanding of how to utilize and benefit from all modern appliances, resulting in increased tumble dryer sales. This is further boosted through the need for smart homes and the need for appliances to be controlled smartly and remotely.

Savings in Electricity key reason for growth

Tumble Dryers use less electricity than steam or heated dryers. As a result of which they appeal to urban populations that would prefer savings on electricity bills. Consequently, many leading manufacturers such as Whirlpool invest heavily in research and development for energy savings on their products.

Supply Chain Disruptions likely to slow down growth

Due to the pandemic, demand for home appliances and electronics has decreased. The irregular growth of sales and income in the home appliance sector has been impacted by the closure of offline retailers and online channels. Due to the global lockout, instability of the supply chain system both from manufacturing plants to linked industries is a major factor that has stifled the tumbler dryer industry.
Segment Analysis:
Based on the Product Type, the Tumble Dryer Market is segmented into Vented and Condenser Dryers. The condenser dryers are favoured by the population because of their ease of installation. The Condenser segment is therefore predicted to contribute more during the forecast period.

Based on End User, the Tumble Dryer Market can be segmented into textile industry, laundry, multifamily, hotel and school segments. Residential End Users such as multifamily, laundry service company, and laundry segments accounted for a large market share in terms of end use sector. A growing number of households with workers, as well as an increase in apparel purchasing and cleaning, are expected to boost growth in these areas. Growing client preference for expert cleaning service providers due to personal hygiene and cleanliness is expected to drive growth in these areas during the forecast period.
Regional Insights:
The Asia Pacific region held the largest market share for the Tumble Dryer Market in 2022. The presence of developing economies like as India and China, a growing working population, and rising expenditure on dry cleaning and laundry services are expected to enhance the business in the anticipated period.

Europe is predicted to develop significantly during the projection period. Increasing disposable incomes are responsible for development, as well as a growing working population.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Tumble Dryer Market dynamic, structure by analyzing the market segments and projecting the Tumble Dryer Market size. Clear representation of competitive analysis of key players by Product Type, End User, price, financial position, product portfolio, growth strategies, and regional presence in the Tumble Dryer Market make the report investor’s guide.
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Tumble Dryer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 15.18 Bn.


Forecast Period 2023 to 2029 CAGR:
2.6%
Market Size in 2029:
US $ 18.17 Bn.


 Segments Covered:
by Product
Vented Dryer
Condenser Dryer


by Distribution Channel
Supermarkets / Hypermarket
Individual store
Online


by End User
Textile
Laundry
Multifamily
Hotel
School


by Product type
Electricity Tumble Dryers
Gas Tumble Dryers



Key Players are:
1.Samsung (South Korea)
2.LG (South Korea)
3.American Dryer (US)
4.Miele Professional (Germany)
5.Electrolux Professional (Sweden)
6.Maytag (US)
7.Dexter Laundry (US)
8.Haier (China)
9.Pellerin Milnor (US)
10.GIRBAU (India)
11.Schulthess (Germany)
12.Renzacci (UK)
13.Haier (China)
14.Danube (UAE)
15.ASKO (China)

Frequently Asked Questions:

1] What segments are covered in the Global Tumble Dryer Market report?
Ans. The segments covered in the Market report are based on Product Type , Distribution Channel and End User.

2] Which region is expected to hold the highest share in the Global Tumble Dryer Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Market.

3] What is the market size of the Global Tumble Dryer Market by 2029?
Ans. The market size of the  Market by 2029 is expected to reach US$ 18.17 Bn.

4] What is the forecast period for the Global Tumble Dryer Market?
Ans. The forecast period for the Market is 2023-2029.

5] What was the market size of the Global Tumble Dryer Market in 2022?
Ans. The market size of the Market in 2022 was valued at US$ 15.18 Bn.