Market Size of Asia-Pacific Tumble Dryers Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.78 Billion |
Market Size (2029) | USD 2.35 Billion |
CAGR (2024 - 2029) | 5.78 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Tumble Dryers Market Analysis
The Asia-Pacific Tumble Dryers Market size is estimated at USD 1.78 billion in 2024, and is expected to reach USD 2.35 billion by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).
The Asia-Pacific countries are among the leading global economies as a result of which they are emerging as a major market for home appliances and developing a positive externality for the sales of laundry appliances and tumble dryers. The major segment of tumble dryer demand emerges from the employed age group between 30 and 50 years who are increasing their spending on time-saving and efficient semi-automatic and automatic tumble dryers. Over the period, the Asia-Pacific had observed an increasing demand for energy-efficient tumble dryers, as a result of which manufacturers are equipping their products with heat pumps and Autodry features with which the machine automatically stops functioning as the laundry becomes dry.
The rising level of urbanization in the Asia-Pacific is acting as a catalyst for the sales of tumble dryers with people preferring quick wash and drying of their laundry. Japan, India, and China have emerged as countries with the largest share of the urban population, leading to increased investment in retail unit sales, advertisement, and service centers for tumble dryers by manufacturers.
Post-COVID-19, Asia-Pacific countries observed a rising online market share of tumble dryers, with Haier, Little Swan, Siemens, Midea, Bosh, and Panasonic emerging as firms with a major portion of their sales through online channels. Hygienic drying, automatic features, anti-vibration design, Wifi connectivity, and other technology innovations are making the product more user-friendly, resulting in increased adoption of tumble dryers by residential and commercial units.
Asia-Pacific Tumble Dryers Industry Segmentation
A tumble dryer exists as an appliance that dries clothes by putting them in hot air and fully dries the laundry; another is a spin dryer, which provides only a partial drying feature. Tumble dryers ensure that clothes get dried almost instantly and save electricity and cost for the user over the period with their efficiency features. The product is made available in different capacities with automatic and semi-automatic features offered by the manufacturers.
The study gives a brief description of the Asia-Pacific tumble dryers market. It includes details on tumble dryer sales, investment by the manufacturers, and the launch of new tumble dryer products. The Asia-Pacific tumble dryers market is segmented by product type, distribution channel, end-user, and country. By product type, the market is segmented into heat pumps, tumble dryers, condensers, tumble dryers, vented tumble dryers, and gas heated tumble dryers. By distribution channel, the market is segmented into online and offline. By end user, the market is segmented into residential and commercial. By country, the market is segmented into China, Japan, India, South Korea, and the rest of Asia-Pacific.
The report also covers the market sizes and forecasts for the Asia-Pacific tumble dryers market in value (USD) for all the above segments.
By Product | |
Heat Pump Tumble Dryer | |
Condenser Tumble Dryer | |
Vented Tumble Dryer | |
Gas Heated Tumble Dryer |
By Distribution Channel | |
Online | |
Offline |
By End User | |
Residential | |
Commercial |
By Country | |
China | |
Japan | |
India | |
South Korea | |
Rest of Asia-Pacific |
Asia-Pacific Tumble Dryers Market Size Summary
The Asia-Pacific tumble dryers market is experiencing significant growth, driven by the region's status as a leading global economy and the increasing demand for home appliances. This demand is particularly strong among the employed age group of 30 to 50 years, who are investing in time-saving and efficient semi-automatic and automatic tumble dryers. The market is witnessing a shift towards energy-efficient models, with manufacturers incorporating features like heat pumps and Autodry technology to enhance convenience and reduce energy consumption. Urbanization in countries such as Japan, India, and China is further propelling market growth, as consumers seek quick and efficient laundry solutions. The post-COVID-19 era has seen a rise in online sales channels, with major brands like Haier, Little Swan, Siemens, Midea, Bosch, and Panasonic leading the charge in e-commerce.
Vented tumble dryers are gaining popularity due to their affordability and user-friendly features, such as direct venting of moisture and lower energy efficiency. Manufacturers like Bosch, Electrolux, LG Electronics, and Asko are focusing on technological innovations to enhance these products with features like sensor drying and smart technology. China, in particular, is emerging as a key market, with a growing number of manufacturers entering the space and focusing on both online and offline sales channels. The country's increasing disposable income and expenditure on home appliances present a lucrative opportunity for global manufacturers. The market is fragmented, with numerous players offering a wide range of products, and recent product launches, such as Xiaomi's MIJIA smart clothes dryer and Samsung's energy-efficient tumble dryer, highlight the ongoing innovation and competition in the region.
Asia-Pacific Tumble Dryers Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Urbanization Rate and Household Income.
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1.3 Market Restraints
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1.3.1 Rising Cost-Push Inflation of Tumble Dryers with Geopolitical Issues.
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1.3.2 Existing Competition from Spin Dryers and Other Laundry Drying Substitutes.
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1.4 Market Opportunities
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1.4.1 Increasing Demand for Tumble Dryers Equipped with Smart Features
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Technological Innovations in Asia-Pacific Tumble Dryers Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Heat Pump Tumble Dryer
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2.1.2 Condenser Tumble Dryer
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2.1.3 Vented Tumble Dryer
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2.1.4 Gas Heated Tumble Dryer
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2.2 By Distribution Channel
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2.2.1 Online
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2.2.2 Offline
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2.3 By End User
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2.3.1 Residential
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2.3.2 Commercial
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2.4 By Country
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 South Korea
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2.4.5 Rest of Asia-Pacific
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Asia-Pacific Tumble Dryers Market Size FAQs
How big is the Asia-Pacific Tumble Dryers Market?
The Asia-Pacific Tumble Dryers Market size is expected to reach USD 1.78 billion in 2024 and grow at a CAGR of 5.78% to reach USD 2.35 billion by 2029.
What is the current Asia-Pacific Tumble Dryers Market size?
In 2024, the Asia-Pacific Tumble Dryers Market size is expected to reach USD 1.78 billion.