Market Size of Electric Tumble Dryers Industry
| 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
