The Dryers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Dryers Global Market Report 2024, The dryers market size has grown strongly in recent years. It will grow from $13.01 billion in 2023 to $14.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to industrial revolution, changing lifestyles, urbanization, marketing and advertising.
The dryers market size is expected to see strong growth in the next few years. It will grow to $19.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to energy efficiency, smart and connected appliances, health and allergen control, customization and aesthetics, compact and space-saving solutions. Major trends in the forecast period include heat pump dryers, steam and wrinkle-release functions, sensor technology, sustainable materials, quiet operation.
Technological advances are expected to drive the growth of the market for dryers in the forecast period. Increased access to the internet and the use of smartphones supported the development and consumption of innovative technologically enabled appliances. More than 330 million people use the internet, taking the total number of global internet users to 4.72 billion by April 2021 and 48.2% of internet users accessed the web from a mobile device. Furthermore, increasing integration of the Internet of Things (IoT) allowed customers to connect with the dryers via the internet and remotely control essential tasks by collecting and exchanging data. This in turn drives the growth of dryers market in the forecast period.
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The dryers market covered in this report is segmented –
1) By Type: Spin Dryers; Condenser Dryers; Heat Pump Dryers; Mechanical Steam Compression Dryers; Solar Clothes Dryer; Other Types
2) By Type Of Vent: Vented Dryer; Ventless/Condenser Dryer
3) By Distribution Channel: Specialty Stores; Company-Owned Stores; Hypermarkets and Supermarkets; Online; Other Distribution Channels
4) By End User: Commercial; Residential
The dryers market report table of contents includes:
1. Executive Summary
- Dryers Market Characteristics
- Dryers Market Trends And Strategies
- Dryers Market – Macro Economic Scenario
- Global Dryers Market Size and Growth
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31. Global Dryers Market Competitive Benchmarking - Global Dryers Market Competitive Dashboard
- Key Mergers And Acquisitions In The Dryers Market
- Dryers Market Future Outlook and Potential Analysis
- Appendix
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