Market Trends of Europe Tumble Dryers Industry
Rising Demand from Residential Segment
With a continuous rise in the number of residential real estate unit sales in Europe, there is a continuous expansion of the market for tumble dryer manufacturers as rising households are generating new demand for laundry appliances. The increasing market size and sales volume of major home appliances in the region are creating a market opportunity for tumble dryers to increase their penetration in the residential segment. Rising urbanization, employment rate, and wealth in Europe led to Germany, the United Kingdom, Italy, and France emerging as major countries with increasing demand for laundry appliances by the residential segments and global manufacturers launching their innovative tumble dryers in these markets. These trends are leading to the residential segment emerging as a major market for the European tumble dryer manufacturer.
France Leading the European Market
With the household ownership rate of laundry appliances existing at more than 80%, France exists as a market with increasing household ownership of cloth dryers. It provides opportunities for expanding sales and launching innovative tumble dryers, leading to European as well as global tumble dryer manufacturers looking over the market to expand their sales. The increasing number of residential dwellings in France is leading to a rise in demand for tumble dryers by households segment. With annual sales of tumble dryers in the country existing at more than 0.6 million, the rising urban population is emerging as a major factor contributing to the increasing revenue of tumble dryers and their sales in France. Expanding smart features in tumble dryers and increasing sales of smart home appliances in France are expected to drive positive growth in the tumble dryer market over the coming period.
