The global electric dryers market is forecast to grow at a CAGR of 4.27% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be noise reducing feature in electric dryers. Earlier, household dryers were usually placed in basements or specific laundry rooms. Thus, the noise produced by the appliance did not really bother consumers.
However, with the increase in buildings and upscale apartments, communal laundry rooms have been replaced with personal units for each consumer, which are placed near their kitchens, dining rooms, or living rooms. Consumers hear the operational noise on a daily basis. In order to avoid this issue, players are increasingly focusing on noise reduction features while manufacturing electric dryers. For instance, in 2016, Whirlpool came up with a washer dryer set with ultra-noise reduction technology in order to keep the sound produced by dryers inside the machine and out of consumers' living spaces.
According to the report, one of the key drivers for market growth will be rise in dryers with clothing-specific care options. In order to meet the needs of their consumers, electric dryer vendors have created many innovative products over time. These innovations are related to every aspect of the product.
There is enhancement in technology, and players are trying to come up with efficient and more clothing-specific care options so that delicate clothes can be dried with the necessary degree of care. Features like steam refresh, delicate cycle, moisture sensor, sanitize cycle, and others are commonly found in electric dryers nowadays. These upgraded features are enticing consumers to buy new electric dryers.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- LG Electronics
- Samsung Electronics
- Haier¸ Hoovers
- Kenmore Appliances
- Miele¸ Panasonic
- Robert Bosch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by circulating air type
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/vzbp8h/global_electric
Related Topics: Household Appliances
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-electric-dryers-market-cagr-growth-of-427-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-robert-bosch-midea-asko-300329350.html
SOURCE Research and Markets