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Electric Tumble Dryers Market Market Size (2024 - 2029)

The electric tumble dryers market is projected to experience growth driven by factors such as increased disposable income, a rising urban population, and a growing middle class globally. The market's expansion is further supported by the energy efficiency of tumble dryers, which consume less electricity compared to other heating appliances, making them attractive to energy-conscious consumers. Government incentives for high Energy Star-rated dryers also bolster demand. Technological advancements, including heat pump dryer technology and smart features like mobile control and anti-wrinkle functions, are key trends contributing to the market's development.

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Market Size of Electric Tumble Dryers Industry

Electric Tumble Dryers Market Summary
Study Period 2020-2029
Market Size (2024) USD 1.97 Billion
Market Size (2029) USD 2.51 Billion
CAGR (2024 - 2029) 4.65 %
Fastest Growing Market Europe
Largest Market North America
Market Concentration Medium

Major Players

Electric Tumble Dryers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Electric Tumble Dryers Market Analysis

The Electric Tumble Dryers Market size is estimated at USD 1.97 billion in 2024, and is expected to reach USD 2.51 billion by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).

  • The tumble dryer market is driven by factors such as increased disposable income, a rising urban population, and an elevated standard of living, coupled with the growing middle class worldwide. These elements will further fuel the growth of the tumble dryer market.
  • Additionally, tumble dryers use significantly less electricity than heating appliances, making them ideal for saving on utility bills and appealing to the energy-conscious population. Consequently, governments encourage the use of dryers with high Energy Star ratings.
  • These factors establish a precedent for the significant maintenance of demand for the product during the forecast period.
  • The electric dryer market is evolving with the development of highly efficient heat pump dryer technology. The introduction of new functions for electric dryers, such as the use of mobile phones to control the devices and anti-wrinkle technology, represents one of the most important trends in the market.
  • Vendors are investing in technology and research to develop a system of electric dryers that apply a post-cycle crease to prevent textiles from wrinkling. Additionally, factors such as the increasing focus on retrofitting heat pump dryers, as they consume less energy, will contribute to market development over the next four years

Electric Tumble Dryers Industry Segmentation

A dryer is an electric machine that dries the washing machine by turning it over and over and blowing hot air into it. 

The global electric tumble dryers market is segmented by type of vent application, distribution channel and geography. By type of vent, the market is segmented into vented dryer and ventless dryer. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into hypermarkets/supermarkets, specialty stores, company-owned stores, online & other distribution channels. By geography, the market is segmented into North America, Latin America, Europe, Asia-Pacific and Rest of the World. 

The report offers market size and forecasts for electric tumble dryers market in value (USD) for all the above segments.

By Type of Vent
Vented Dryer
Ventless Dryer
By Application
Residential
Commercial
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Company-Owned Stores
Online
Other Distribution Channels
By Geography
North America
Latin America
Europe
Asia-Pacific
Rest of the World
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Electric Tumble Dryers Market Size Summary

The electric tumble dryer market is poised for steady growth, driven by factors such as increased disposable income, urbanization, and a rising standard of living globally. The market benefits from the growing middle class, which is contributing to sustained demand. Energy efficiency is a significant factor, as tumble dryers consume less electricity compared to traditional heating appliances, making them attractive to cost-conscious consumers. Governments are promoting the use of energy-efficient models, further supporting market expansion. Technological advancements, such as heat pump technology and smart features like mobile control and anti-wrinkle functions, are shaping the market's evolution. These innovations are supported by vendor investments in research and development, aiming to enhance dryer efficiency and user experience.

The North American region is expected to lead in market share, driven by a preference for smart home products and increased consumer spending on household appliances. The rise of e-commerce has facilitated easier access to dryer products, allowing consumers to compare prices and explore financing options. The market is moderately fragmented, with key players like Samsung Electronics, LG Electronics, American Dryer, Miele Professional, and Electrolux Professional actively introducing innovative products. Recent launches, such as Samsung's BESPOKE AI Washer & Dryer Combo and LG's second-generation LG SIGNATURE Washer-Dryer, highlight the industry's focus on integrating advanced technology to streamline laundry processes and enhance user convenience.

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Electric Tumble Dryers Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Electric dryers are Growing due to the Demand for Energy Efficient Appliances

    2. 1.2 Market Restraints

      1. 1.2.1 High Installation Cost

    3. 1.3 Market Opportunities

      1. 1.3.1 Increase in Demand for Integration of the Internet of Things in Electric Dryer

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Impact of COVID-19 on the Market

    6. 1.6 Insights into Technological Advancements in the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of Vent

      1. 2.1.1 Vented Dryer

      2. 2.1.2 Ventless Dryer

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Supermarkets/Hypermarkets

      2. 2.3.2 Specialty Stores

      3. 2.3.3 Company-Owned Stores

      4. 2.3.4 Online

      5. 2.3.5 Other Distribution Channels

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Latin America

      3. 2.4.3 Europe

      4. 2.4.4 Asia-Pacific

      5. 2.4.5 Rest of the World

Electric Tumble Dryers Market Market Size FAQs

The Electric Tumble Dryers Market size is expected to reach USD 1.97 billion in 2024 and grow at a CAGR of 4.65% to reach USD 2.51 billion by 2029.

In 2024, the Electric Tumble Dryers Market size is expected to reach USD 1.97 billion.

Electric Tumble Dryers Market Report Snapshots

Electric Tumble Dryers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)