The global laundry dryer market size was valued at $14.8 billion in 2020, and is projected reach $25.1 billion by 2030, registering a CAGR of 4.0% from 2021 to 2030. The electric segment led in terms of laundry dryer market share in 2020 and is expected to retain its dominance throughout the forecast period.
Laundry dryers are machines that help dry clothes quickly by removing the moisture from clothes after they have been washed. These machines are placed near washing machines so as to enable easy transfer of clothes form the washer to the dryer. These dryers can use electricity or gas to heat up the tumblers to enable quick drying of the clothes. Vented dryers suck in atmospheric air and heat it up to dry the clothes, while condensed dryers suck out the moisture from the clothes and collect it at the bottom of the machine for later disposal. A large share of global laundry dryers market is for residential purposes, however, commercial establishments like hotels and hospitals extensively use laundry dryers.
A booming real estate industry have augmented white goods products including laundry dryers. Moreover, the growing awareness of Energy Star certified products is augmenting the growth in the global market owing to which the demand for energy-efficient products is rising which is pushing the key players to launch blue star laundry dryers in the market. Furthermore, the global market is estimated to witness a substantial growth owing to the need for replacing the traditional with smart connected machines. Also aggressive marketing, increasing urbanization, credit and availability of discounts are some of the major market drivers in the laundry dryer market.
Segment review
The global laundry dryer market is segmented on the basis of type, capacity, technology, application, sales channel, and region. Based on type, the global market is bifurcated into gas and electric. By capacity the market is segmented into upto 8 kg, 8 kg to 15 kg, and above 15 kg. Based on technology the global market is bifurcated into vented and condensed. By application, the global market is bifurcated into residential and commercial. Based on sales channel the global market is studied across offline channels and online channels. The global Laundry Dryer market is also studied across North America, Europe, Asia-Pacific, and LAMEA.
By type, laundry dryers are classified into gas and electric laundry dryers. Gas laundry dryers use gas for the heat generation that helps in drying the clothes. Electric dryers use and electric heating element that generates heat. Both of these machines use electricity for all other functions of the dryer.
By Type
Electric segment would exhibit the highest CAGR of 4.4% during 2021-2030.
Depending on the capacity, the laundry dryers are divided into under 8kg, 8kg to 15 kg, and above 15kg. Dryers under 8kg are mostly used in smaller houses by smaller families or individuals, while 8kg to 15 kg dryers are mostly used by large families or by apartment complexes that have common laundries. Commercial establishments are the most common users of dryers above 15kg.
By Capacity
8 kg to 15 kg segment would exhibit the highest CAGR of 4.6% during 2021-2030.
By technology, the laundry dryer market is divided into vented and condensed. Vented dryers pull in air from the environment to dry the clothes, while condensed dryer pulls out the moisture from the clothes in order to dry the clothes. Vented dryers leads the market segment.
By Technology
Vented segment would exhibit the highest CAGR of 4.4% during 2021-2030.
According to the application, the laundry dryer market is divided into residential and commercial. Residential dryers are used in homes, apartments, or apartment building for smaller loads and by consumers that purchase them for personal use. Commercial dryers are used by establishments like hospitals, hotels and professional laundry services.
By Application
Commercial segment would exhibit the highest CAGR of 4.8% during 2021-2030.
By sales channel, the laundry dryer market is divide into offline channels and online channels. Offline channels are the most preferred method of purchase of laundry dryers as users can verify their purchases. Online channels are emerging as a new and popular method for purchase of dryers.
By Sales Channel
Online Channels segment would exhibit the highest CAGR of 5.0% during 2021-2030.
The report focuses on the laundry dryer market growth prospects, restraints, and opportunities of the global laundry dryer market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the laundry dryer market.
By Region
Asia-Pacific region would exhibit the highest CAGR of 6.9% during 2021-2030.
Some of the major players profiled for in the laundry dryer market analysis include Alliance Laundry Systems Llc, BOSCH, Electrolux AB, Haier Group Corporation, Havells India Limited, IFB Industries Ltd., LG Electronics Inc., Samsung, Sears Holdings, and Whirlpool Corporation. Other prominent players analyzed in the report are Toshiba, Sharp, Panasonic Corp, Godrej Group, Hitachi Appliances Inc., Candy Group, GD Midea Holding Co. Ltd., and Sharp.
Covid-19 Impact Analysis
- Laundry dryer industry was slightly positively impacted by the pandemic owing to an increase in awareness regarding health and hygiene.
- The COVID-19 pandemic had disrupted the sales of laundry dryer via brick and mortar stores resulting in transition of consumers towards online sales channels to purchase laundry dryers.
- More focus is given to sustainability, especially amongst the millennial consumers, as a results engaged stakeholders are innovating their product portfolios towards more energy efficient machines.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging laundry dryer market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing laundry dryer market opportunities in the market.
- The laundry dryer market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Laundry Dryer Market Report Highlights
| Aspects | Details |
 By Type |
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 By Capacity |
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 By Technology |
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 By Application |
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 By Sales Channel |
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 By Region |
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 Key Market Players | BOSCH, ELECTROLUX AB, HAIER GROUP CORPORATION, WHIRLPOOL CORPORATION, SEARS HOLDINGS, HAVELLS INDIA LIMITED, ALLIANCE LAUNDRY SYSTEMS LLC, SAMSUNG, FB INDUSTRIES LTD, LG ELECTRONICS INC |
Analyst Review
The last few years have seen a greater adoption and sale of laundry dryers in the world. A rise in awareness regarding health and hygiene practices and the convenience associated with drying clothes quickly and effectively has led to the increase in sales. Furthermore, increase in disposable incomes and rising standards of living of people in developing countries, especially in the Asia-Pacific region have resulted in new opportunities for the engaged stakeholders.
Laundry dryers are mainly electric, however, gas powered laundry dryers are also prevalent and used by many consumers. These dryers also run on electricity, but the heat generation is done with the help of natural gas or propane. These machines require modifications to the house in order to setup a gas input. Two main techniques are used for drying the clothes, which is vented and condensed dryers. Vented dryers require to be placed near a window or an open area so that it can pull in air and then release the air as well, while condensed dryers can be placed anywhere in the house.
Sustainability is becoming a major concern, especially among the millennial generation of consumers. Engaged stakeholders are now focusing on sustainability and waste management to make sure that their products are the best possible. Focus is also high on innovation and smart products, with many manufacturer incorporating smart functionalities that can connect the dryers with the user’s smartphones.
The global laundry dryer market is poised to reach $25.1 billion by the end of 2030.
Laundry dryer market is expected to grow with a CAGR of 4.0% during the forecast period.
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Some of the major leading players profiled in the laundry dryer market analysis include Alliance Laundry Systems Llc, BOSCH, Electrolux AB, Haier Group Corporation, Havells India Limited, IFB Industries Ltd., LG Electronics Inc., Samsung, Sears Holdings, and Whirlpool Corporation.
The global laundry dryer market is segmented on the basis of type, capacity, technology, application, sales channel, and region
2020 is the base year used for the calculation of laundry dryer market report.
Smart connected laundry driers are the new innovations in the global market.
North America region holds the maximum market share of the laundry dryer market.
The company profiles have been selected on the basis of the product offerings, revenues, and strategies.
The covid-19 has positively impacted the global market with increasing in demand especially in China and other developing countries.
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