Asia-Pacific Tumble Dryers Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.78 Billion |
| Market Size (2029) | USD 2.35 Billion |
| CAGR (2024 - 2029) | 5.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Tumble Dryers Market Analysis
The Asia-Pacific Tumble Dryers Market size is estimated at USD 1.78 billion in 2024, and is expected to reach USD 2.35 billion by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).
The Asia-Pacific countries are among the leading global economies as a result of which they are emerging as a major market for home appliances and developing a positive externality for the sales of laundry appliances and tumble dryers. The major segment of tumble dryer demand emerges from the employed age group between 30 and 50 years who are increasing their spending on time-saving and efficient semi-automatic and automatic tumble dryers. Over the period, the Asia-Pacific had observed an increasing demand for energy-efficient tumble dryers, as a result of which manufacturers are equipping their products with heat pumps and Autodry features with which the machine automatically stops functioning as the laundry becomes dry.
The rising level of urbanization in the Asia-Pacific is acting as a catalyst for the sales of tumble dryers with people preferring quick wash and drying of their laundry. Japan, India, and China have emerged as countries with the largest share of the urban population, leading to increased investment in retail unit sales, advertisement, and service centers for tumble dryers by manufacturers.
Post-COVID-19, Asia-Pacific countries observed a rising online market share of tumble dryers, with Haier, Little Swan, Siemens, Midea, Bosh, and Panasonic emerging as firms with a major portion of their sales through online channels. Hygienic drying, automatic features, anti-vibration design, Wifi connectivity, and other technology innovations are making the product more user-friendly, resulting in increased adoption of tumble dryers by residential and commercial units.
Asia-Pacific Tumble Dryers Market Trends
Vented Tumble Dryer Leading the Market
Rising energy consumption by laundry appliances and increasing spending on tumble dryers in the Asia-Pacific region are leading to vented tumble dryers emerging as more preferable tumble dryer products among buyers. Vented tumble dryers' are majorly focused on the speed of drying laundry and stand low in energy efficiency. Comparatively lower cost of vented tumble dryers than other segments of tumble dryers make them more affordable among the large share of the population in Asia-Pacific, and they exist with features of directly venting moisture outside without any need to empty the water reservoir, making it more user-friendly. Bosh, Electrolux, LG Electronics, and Asko have emerged as some of the manufacturers supplying vented tumble dryers in the region. Technology and product innovation are leading to embedded features of sensor drying, reverse tumble, and smart technology in vented tumble dryers, which are increasing their sales and differentiating them from the existing tumble dryers in the market.
China Leading the Asia-Pacific Market
The size of the tumble dryer market in China has observed a continuous increase over the years, existing at a value of more than USD 780 million last year, leading to an increasing number of manufacturers entering the market with a wide range of products. Tumble dryer manufacturers in China are focusing on both online as well as offline sales channels to increase their market sales and revenue with firms such as Haier, Siemens, and Midea increasing their domestic as well as international tumble dryers market with a rising export. China, with its cloth dryer penetration rate of around 10%, provides an emerging opportunity for global tumble dryer manufacturers to expand their products in the country with rising expenditure on home appliances and increasing disposable income of households. These trends are leading to China emerging as a major market for tumble dryer manufacturers in the Asia-Pacific region.
Asia-Pacific Tumble Dryers Industry Overview
The Asia-Pacific tumble dryers market is fragmented, with many players existing in the region and having their market share in different countries. Technological and product innovations are leading to manufacturers making available a wide range of tumble dryer segments in the market. Some of the existing players in the Asia-Pacific tumble dryers market are Smad, Electrolux, Haier, LG Electronics and Bosch.
Asia-Pacific Tumble Dryers Market Leaders
Smad
Electrolux
Haier
LG Electronics
Bosch
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Tumble Dryers Market News
- September 2022: Xiaomi launched its MIJIA smart clothes dryer pro with a load-carrying capacity of 35kg and is equipped with clips, drying rods, horizontal rods, and hanging holes. With an integrated Xiaomi smart ecosystem, the product can be controlled using smart features of Xiao AI Voice, the MIJIA App, a remote control, and via the home screen.
- February 2023: Samsung launched its 9 KG tumble dryer, existing with an A+++ energy efficiency rating, making it an energy-efficient tumble dryer in the market and leading to a reduction in cost for the user. The product exists with a five-year warranty on parts and labor and a 20-year warranty on its digital inverter motor, making it a reliable and efficient product among users.
Asia-Pacific Tumble Dryers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Urbanization Rate and Household Income.
4.3 Market Restraints
4.3.1 Rising Cost-Push Inflation of Tumble Dryers with Geopolitical Issues.
4.3.2 Existing Competition from Spin Dryers and Other Laundry Drying Substitutes.
4.4 Market Opportunities
4.4.1 Increasing Demand for Tumble Dryers Equipped with Smart Features
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Asia-Pacific Tumble Dryers Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Heat Pump Tumble Dryer
5.1.2 Condenser Tumble Dryer
5.1.3 Vented Tumble Dryer
5.1.4 Gas Heated Tumble Dryer
5.2 By Distribution Channel
5.2.1 Online
5.2.2 Offline
5.3 By End User
5.3.1 Residential
5.3.2 Commercial
5.4 By Country
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 South Korea
5.4.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profile
6.2.1 Smad
6.2.2 Electrolux
6.2.3 Haier
6.2.4 LG Electronics
6.2.5 Bosch
6.2.6 Haier
6.2.7 Midea
6.2.8 Panasonic
6.2.9 Little Swan
6.2.10 Siemens*
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Asia-Pacific Tumble Dryers Industry Segmentation
A tumble dryer exists as an appliance that dries clothes by putting them in hot air and fully dries the laundry; another is a spin dryer, which provides only a partial drying feature. Tumble dryers ensure that clothes get dried almost instantly and save electricity and cost for the user over the period with their efficiency features. The product is made available in different capacities with automatic and semi-automatic features offered by the manufacturers.
The study gives a brief description of the Asia-Pacific tumble dryers market. It includes details on tumble dryer sales, investment by the manufacturers, and the launch of new tumble dryer products. The Asia-Pacific tumble dryers market is segmented by product type, distribution channel, end-user, and country. By product type, the market is segmented into heat pumps, tumble dryers, condensers, tumble dryers, vented tumble dryers, and gas heated tumble dryers. By distribution channel, the market is segmented into online and offline. By end user, the market is segmented into residential and commercial. By country, the market is segmented into China, Japan, India, South Korea, and the rest of Asia-Pacific.
The report also covers the market sizes and forecasts for the Asia-Pacific tumble dryers market in value (USD) for all the above segments.
| By Product | |
| Heat Pump Tumble Dryer | |
| Condenser Tumble Dryer | |
| Vented Tumble Dryer | |
| Gas Heated Tumble Dryer |
| By Distribution Channel | |
| Online | |
| Offline |
| By End User | |
| Residential | |
| Commercial |
| By Country | |
| China | |
| Japan | |
| India | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Tumble Dryers Market Research FAQs
How big is the Asia-Pacific Tumble Dryers Market?
The Asia-Pacific Tumble Dryers Market size is expected to reach USD 1.78 billion in 2024 and grow at a CAGR of 5.78% to reach USD 2.35 billion by 2029.
What is the current Asia-Pacific Tumble Dryers Market size?
In 2024, the Asia-Pacific Tumble Dryers Market size is expected to reach USD 1.78 billion.
Who are the key players in Asia-Pacific Tumble Dryers Market?
Smad, Electrolux, Haier, LG Electronics and Bosch are the major companies operating in the Asia-Pacific Tumble Dryers Market.
What years does this Asia-Pacific Tumble Dryers Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Tumble Dryers Market size was estimated at USD 1.68 billion. The report covers the Asia-Pacific Tumble Dryers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Tumble Dryers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Tumble Dryers Industry Report
Statistics for the 2024 Asia-Pacific Tumble Dryers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Tumble Dryers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
