Global Vented Tumble Dryer Market Overview:
The global vented tumble dryer is growing at a healthy pace owing to rising disposable income of middle class economies which are boosting the adoption of home appliance technologies and growing demand for time saving technologies owing to busy life styles. In addition, availability of vented tumble dryers at different affordable and competitive price range is another major factor expected to aid in the growth for the market during the forecast period.
Growth Drivers
- Rising Disposable Income of Middle-Class Economies Propelling the Adoption of New Technologies
- Growing Demand for Time Saving Home Appliances Owing to Busy Lifestyles
Roadblocks
- Most Common Belt Failure Problems Leads to Issues Such as No-Heating or Blowing of Cold Air
Opportunities
- Growing Demand in Asia Pacific Region Propelled By Growing Adoption of New Technologies in Home Appliances By Residential Customers
Challenges
- Requirement of Specific Space Such as an External Wall or a Window for Installation
- Lower Energy Ratings
Competitive Landscape:
The vendors in this market are focusing on providing solutions equipped with latest technologies and also focusing on providing better aftersales service to their customers. Foe instance, in December 2019, Whirlpool issued a recall and replacement offer for their faulty tumble dryers (800,000 Units) sold across United Kingdom, ordered by the office for Product Safety and Standards.
Some of the key players profiled in the report are BSH Home Appliances Group (Germany), SAMSUNG (South Korea), Beko plc (United Kingdom), Candy Hoover Group S.r.l. (China), Whirlpool Appliances LTD (United States), Indesit (Italy), Baumatic Ltd (United Kingdom), Crosslee PLC (United Kingdom), Montpellier Domestic Appliances Ltd (United Kingdom) and SRE Machineries Pvt. Ltd. (India). Analyst at AMA Research see United Kingdom Vendors to retain maximum share of Global Vented Tumble Dryer market by 2026. Considering Market by Capacity, the sub-segment i.e. Above 5 Kg will boost the Vented Tumble Dryer market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Vented Tumble Dryer market. Considering Market by End Use, the sub-segment i.e. OE will boost the Vented Tumble Dryer market. Considering Market by Operation, the sub-segment i.e. Fully-Automatic will boost the Vented Tumble Dryer market. Considering Market by Component, the sub-segment i.e. Inner Drum will boost the Vented Tumble Dryer market.
Latest Market Insights:
In January 2019, Haier announced the completion of acquisition of Candy S.p.A. (An Italy-based leading home appliances manufacturer) to strengthen its leadership in smart home appliances.
What Can be Explored with the Vented Tumble Dryer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Vented Tumble Dryer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Vented Tumble Dryer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vented Tumble Dryer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vented Tumble Dryer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.