Tumble Dryers Market Scope
A tumble dryer is a dryer that is used to dry cloth. It is generally used in a household environment. These dryers are used on cloths after being washed from the washing machine. Tumble dryers constantly suck in and heat the air that surrounds them before sending it into the tumbler. To make room for more air to resume the drying process, the moist, humid air is normally vented outside. Since it is simple and dependable, it is commonly used. Tumble dryers are frequently combined with washing machines. Tumble dryers may often be top-loading, with the drum loaded from the top of the unit and the drum's ends on the left and right sides, rather than the more traditional front and back.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Beko (Turkey), Electra (United States), Bosch (Germany), Miele (Germany), GE Appliances (United States), LG (South Korea), Samsung (South Korea) and Whirlpool (United States) |
CAGR | % |
Tumble Dryers is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Tumble Dryers market throughout the predicted period.
Beko (Turkey), Electra (United States), Bosch (Germany), Miele (Germany), GE Appliances (United States), LG (South Korea), Samsung (South Korea) and Whirlpool (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tumble Dryers market by Type , by Application (Residential, Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Tumble Dryers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2021, GE Appliances (GEA), a Haier company, and Google Cloud announced a multi-year partnership to build innovative technologies to elevate the consumer experience in the kitchen and in homes.
In January 2023, GE Profile is once again leading the charge in laundry innovation with the GE Profile Ultrafast Combo with Ventless Heat Pump Technology. Combining the power of clean and dry for an ultimate one-and-done addition to the brand’s laundry lineup, the new product eliminates the laundry day hassle of waiting around to transfer a load.
Influencing Trend:
Increasing Adoption of Condenser Type Tumble Dryers
Market Growth Drivers:
Need of Tumble Dryers to Dry Clothes and Increasing Demand for Tumble Dryers for Commercial Purposes
Challenges:
Tumble Dryers May Use a Large Amount of Electricity or Gas and Tumble Dryers May Not Suit Needs of Small Family
Restraints:
Lack of Awareness About Tumble Dryers in Developing Countries
Opportunities:
The demand for Industrial Tumble Dryers Is an Opportunity for Manufacturers and Growing Innovation in Energy Efficiency Will Boost the Demand for Tumble Dryers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Tumble Dryers Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others