Drying Cabinets Market Scope
Cabinets used to dry wet and washed clothes, and previously-worn (unwashed) clothes are called laundry drying cabinets. They are operated by the vented drying and heat pump drying technology. Few of the cabinets also have steaming features. A drying cabinet uses slide-out arms that act like a clothes line so wet items can drape or hang from clothes hangers. By using a more delicate method of drying one can use it on more clothing items and bulky pieces like boots.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Olimpia (Italy), Steelco (Italy), Steridium (Australia), Primus Laundry Equipment (Czechia), Technigraf GmbH (Germany), Alliance Laundry Systems (United States), Beltron GmbH (Germany), France Etuves (France), Krautzberger (Germany) and LTE Scientific Ltd (United Kingdom) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that German Players will contribute to the maximum growth of Global Drying Cabinets market throughout the predicted period.
Olimpia (Italy), Steelco (Italy), Steridium (Australia), Primus Laundry Equipment (Czechia), Technigraf GmbH (Germany), Alliance Laundry Systems (United States), Beltron GmbH (Germany), France Etuves (France), Krautzberger (Germany) and LTE Scientific Ltd (United Kingdom) 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 Drying Cabinets market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Drying Cabinets 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 2023.
Market Leaders and their expansionary development strategies
In October 2023, Whirlpool partnered with Chef's Choice to offer Chef's Choice's professional-grade food dehydrators through Whirlpool's distribution channels. This partnership aims to expand Whirlpool's appliance portfolio and cater to the growing demand for healthy eating options.
In December 2023, GE Appliances unveiled its new GE Profile Smart French Door Refrigerator with a built-in Beverage Center and DishDrawer. This innovative appliance features a dedicated drying drawer for dishes and utensils, offering a convenient and space-saving solution for homeowners.
Influencing Trend:
Rising online sales of laundry drying cabinets
Market Growth Drivers:
Increased category demand from commercial sector and Growth in home automation market and growing demand for smart connected home appliances
Challenges:
Fluctuations in cost of raw materials
Restraints:
High cost of drying cabinets unit and limited adoption rate in various geographic regions
Opportunities:
High focus on energy efficient laundry drying cabinets
Key Target Audience
Drying Cabinets Manufacturers, Drying Cabinets Component Manufacturers, Distributors, Technology Providers, Market Research Organisations, Government Regulatory Bodies, End Users and Other