The rising purchasing power of individuals, innovative offerings by market players, and rapid urbanization will fuel the global home shoe dryer market through 2027.
According to TechSci Research report, “Home Shoe Dryer Market – Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027F” The global home shoe dryer market was valued at approximately USD23.61 million in 2021 and is expected to reach around USD29.97 million by 2027, with a CAGR of 4.28% during the forecast period. A shoe dryer, also known as a boot dryer, is a machine for drying shoes that works by blowing air into the shoes. The shoes dry faster because of the airflow. These are the most common types, and the air can be heated for even faster drying.
The preference for shoe dryers is currently on the rise owing to the advantages offered by such products, such as removing contaminants such as viruses and mold that can cause skin irritation and material deterioration, increasing the lifespan of footwear and equipment, etc. Also, dryers can eliminate material-deteriorating agents such as mold and mildew and remove foul odors and fungus. Moreover, various market players are expanding their product offerings to cater to rising consumer demand for these products, further enhancing their consumer base. Furthermore, consumer participation in adventure sports and activities such as fishing, hiking, trekking, and skiing is increasing shoe demand and is expected to drive the global shoe dryer market forward. Additionally, as middle-class families’ disposable income rises, quality products and technologies become more affordable. However, various shoe-drying methods are still in use among consumers who do not require shoe dryers. Low awareness of the benefits of using shoe dryers in developing economies may restrain the global shoe dryer market growth in the forecast period.
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“Global Home Shoe Dryer Market” https://www.techsciresearch.com/report/home-shoe-dryer-market/10641.html
The global home shoe dryer market is segmented by type, power, pricing, distribution channel region, and company. The global shoe dryer market is classified into stationary, portable shoe and boot dryers. The stationery shoe dryer comes with a container for collecting excess moisture and can be used to dye gloves, boots, shoes, or hats. The portable shoe and boot dryer sterilizes shoes using UV technology and can be used to dry shoes of any size. These are primarily used by people who have hyperhidrosis. Among them, stationary shoe dryers dominate the global shoe dryer market, with a share of around 59% in 2021.
Based on distribution channel, the global shoe dryer market is segmented into online and offline. In the next five years, the offline segment will continue to dominate, with a market share of around 73% in 2027. The accessibility to different Shoe Dryer brands due to the presence of many retail stores contributes to market demand. Customer service representatives at the offline store can provide additional information about the advantages of using shoe dryers, which is expected to boost sales.
According to regional analysis, Europe is expected to have the largest market share of around 38%, in 2021. The growing use of advanced technology in the sports industry, as well as an increase in participation in physical activities, are driving factors influencing market demand. From 2027, the Asia-Pacific region is expected to see the fastest incremental growth in the next five years, with a CAGR of 5.31 percent. The rise in health-conscious people and fitness centre enrolments fuels the regular use of sports shoes, contributing to market growth.
Key market players in the global home shoe dryer market include:
- Implus Footcare LLC
- PEET Shoe Dryer, Inc.
- Drysure Outdoor Limited
- Taizhou Renjie Electric Co., Ltd.
- Meson Global Company Limited
- Upper Echelon Products, LLC (Everlasting Comfort)
- Dr Prepare Global Limited
- ManaKey Group LLC
- Costway.com, Inc.
- Kooder
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“Market players can tap into developing countries like India, which have a large consumer base, by implementing appealing marketing strategies to raise awareness about shoe dryers, which is expected to provide lucrative growth opportunities for the global shoe dryer market. People’s growing desire to adopt innovative technologies to improve their quality of life, combined with rapid urbanization in developing economies, is hastening the adoption of shoe dryers for commercial and domestic use. This is expected to drive the global shoe dryer market forward until 2027.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Home Shoe Dryer Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 Segmented By Type (Stationary Shoe Dryers, Portable Shoe & Boot Dryers), By Distribution Channel (Online Vs Offline), By Power (Less than 100W, 100-200W, More than 200W), By Pricing (High, Medium, and Low), and By Region, Competition Forecast & Opportunities”, has evaluated the future growth potential of the home shoe dryer market globally and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take a sound investment decision. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities present in the global home shoe dryer market.
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