Electric Tumble Dryers Market Size
| Study Period | 2020-2029 |
| Market Size (2024) | USD 1.97 Billion |
| Market Size (2029) | USD 2.51 Billion |
| CAGR (2024 - 2029) | 4.65 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Electric Tumble Dryers Market Analysis
The Electric Tumble Dryers Market size is estimated at USD 1.97 billion in 2024, and is expected to reach USD 2.51 billion by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
- The tumble dryer market is driven by factors such as increased disposable income, a rising urban population, and an elevated standard of living, coupled with the growing middle class worldwide. These elements will further fuel the growth of the tumble dryer market.
- Additionally, tumble dryers use significantly less electricity than heating appliances, making them ideal for saving on utility bills and appealing to the energy-conscious population. Consequently, governments encourage the use of dryers with high Energy Star ratings.
- These factors establish a precedent for the significant maintenance of demand for the product during the forecast period.
- The electric dryer market is evolving with the development of highly efficient heat pump dryer technology. The introduction of new functions for electric dryers, such as the use of mobile phones to control the devices and anti-wrinkle technology, represents one of the most important trends in the market.
- Vendors are investing in technology and research to develop a system of electric dryers that apply a post-cycle crease to prevent textiles from wrinkling. Additionally, factors such as the increasing focus on retrofitting heat pump dryers, as they consume less energy, will contribute to market development over the next four years
Electric Tumble Dryers Market Trends
The Growth of E-Commerce is Accelerating Market Expansion
- The rise of e-commerce platforms has made it easier for consumers to purchase dryer sheets online. This enables them to compare prices, avail discounts, and choose from 'Buy Now, Pay Later' (BNPL) options, as well as a wider range of products.
- Additionally, there is a growing demand for dryers equipped with high-tech sensors and technology to prevent over-drying and reduce fabric damage. These emerging trends will play a crucial role in shaping the future of the tumble dryer industry worldwide. Technological advances, driven by the widespread use of smartphones and the internet, are expected to propel the tumble dryer market in the coming years.
North America Expected to Dominate the Market
- Sales of tumble dryers and revenue growth are expected to be highest in North America, where tumble dryers have the largest market share. Tumble dryer demand in North America is driven by various factors, including changing weather patterns and the growing demand for smart home products. The demand for tumble dryers in North America is also driven by increased consumer spending on household appliances.
- The North American region will account for the largest market share due to the increasing preference for smart homes. Furthermore, the increasing preference for high-quality domestic products will further increase product consumption. According to Smart Home Technology, over the next year, more than 80 million households plan to purchase a smart home gadget.
Electric Tumble Dryers Industry Overview
The electric tumble dryers market is moderately fragmented. The market's competitive landscape has also been analyzed in the report. Some of the major players include Samsung Electronics Co., Ltd., LG Electronics, American Dryer, Miele Professional, and Electrolux Professional.
Electric Tumble Dryers Market Leaders
Samsung Electronics
LG Electronics
American Dryer
Miele Professional
Electrolux Professional
*Disclaimer: Major Players sorted in no particular order
Electric Tumble Dryers Market News
- September 2023: Samsung Electronics Co., Ltd. unveiled its cutting-edge BESPOKE AI Washer & Dryer Combo with Digital Inverter Heat Pump technology at IFA 2023, a prominent consumer electronics trade show held in Berlin. This innovative model streamlines the laundry process by eliminating the need to transfer clothes from the washer to the dryer, allowing users to complete laundry loads seamlessly in a single step. Boasting a capacious 25kg washing capacity and a 13kg heat pump drying capability, the appliance is enhanced with intelligent functions that provide consumers with greater flexibility.
- August 2023: LG Electronics introduced the newest member of its second-generation LG SIGNATURE lineup – the Washer-Dryer with Heat Pump – at IFA 2023. Leveraging LG’s advanced heat pump technology, this space-efficient appliance delivers effective washing and drying performance, ensuring gentle care for clothing and providing an unparalleled one-stop laundry experience.
Electric Tumble Dryers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Electric dryers are Growing due to the Demand for Energy Efficient Appliances
4.2 Market Restraints
4.2.1 High Installation Cost
4.3 Market Opportunities
4.3.1 Increase in Demand for Integration of the Internet of Things in Electric Dryer
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Impact of COVID-19 on the Market
4.6 Insights into Technological Advancements in the Industry
5. MARKET SEGMENTATION
5.1 By Type of Vent
5.1.1 Vented Dryer
5.1.2 Ventless Dryer
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Supermarkets/Hypermarkets
5.3.2 Specialty Stores
5.3.3 Company-Owned Stores
5.3.4 Online
5.3.5 Other Distribution Channels
5.4 By Geography
5.4.1 North America
5.4.2 Latin America
5.4.3 Europe
5.4.4 Asia-Pacific
5.4.5 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Samsung
6.2.2 LG
6.2.3 American Dryer
6.2.4 Miele Professional
6.2.5 Maytag
6.2.6 Dexter Laundry
6.2.7 Haier
6.2.8 Pellerin Milnor
6.2.9 GIRBAU
6.2.10 Schulthess
6.2.11 Renzacci*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER
Electric Tumble Dryers Industry Segmentation
A dryer is an electric machine that dries the washing machine by turning it over and over and blowing hot air into it.
The global electric tumble dryers market is segmented by type of vent application, distribution channel and geography. By type of vent, the market is segmented into vented dryer and ventless dryer. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into hypermarkets/supermarkets, specialty stores, company-owned stores, online & other distribution channels. By geography, the market is segmented into North America, Latin America, Europe, Asia-Pacific and Rest of the World.
The report offers market size and forecasts for electric tumble dryers market in value (USD) for all the above segments.
| By Type of Vent | |
| Vented Dryer | |
| Ventless Dryer |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Company-Owned Stores | |
| Online | |
| Other Distribution Channels |
| By Geography | |
| North America | |
| Latin America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Electric Tumble Dryers Market Research FAQs
How big is the Electric Tumble Dryers Market?
The Electric Tumble Dryers Market size is expected to reach USD 1.97 billion in 2024 and grow at a CAGR of 4.65% to reach USD 2.51 billion by 2029.
What is the current Electric Tumble Dryers Market size?
In 2024, the Electric Tumble Dryers Market size is expected to reach USD 1.97 billion.
Who are the key players in Electric Tumble Dryers Market?
Samsung Electronics, LG Electronics, American Dryer, Miele Professional and Electrolux Professional are the major companies operating in the Electric Tumble Dryers Market.
Which is the fastest growing region in Electric Tumble Dryers Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Electric Tumble Dryers Market?
In 2024, the North America accounts for the largest market share in Electric Tumble Dryers Market.
What years does this Electric Tumble Dryers Market cover, and what was the market size in 2023?
In 2023, the Electric Tumble Dryers Market size was estimated at USD 1.88 billion. The report covers the Electric Tumble Dryers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Electric Tumble Dryers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electric Tumble Dryers Industry Report
Statistics for the 2024 Electric Tumble Dryers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric 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.
