Electric Dryers Industry Analysis by Industry, Share, Size, Forecast and Competitive Landscape

(IT-NEWSWIRE.COM, March 16, 2018 ) Publisher's market analysts predict that the global electric dryers market will grow progressively and post a CAGR of approximately 4% by 2020. One of the major factors driving the market will be the growing need for energy efficient electric dryers among consumers. Consumers in the market will opt for energy efficient dryers to reduce the consumption of electricity and save money on utility bills. As electric dryers consume a significant amount of electricity, the vendors are increasingly focusing on technical developments to produce ENERGY STAR certified electric dryers, which will help consumers make the right choice while making a purchase. Also, the majority of players are focusing on introducing more efficient electric dryers to cater to the augmented demand for energy-efficient appliances. Moreover, factors such as the increasing emphasis on improving heat pump dryers as they use less energy will also help in the evolution of the market over the next four years.

One of the significant trends observed in the market is the introduction of innovative features in electric dryers, such as the use of smartphones to control appliances and wrinkle reduction technology. The use of smartphones will allow consumers to diagnose problems and communicate with the manufacturer conveniently through text alerts. The vendors will be investing in technology and innovation to come up with a mechanism within electric dryers that implements tumbling after a cycle to prevent clothes from wrinkling.

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Competitive landscape and key vendors

The market appears to be highly competitive, and few major players control the level of competition. The businesses will invest in innovation of technology and products to provide unique features, quality, and price to maintain themselves in the market. Also, increasing collaborations between players and the adoption of marketing techniques to distinguish their product and service offerings will be a few practices used by businesses to survive in the market during the forecast period.

Key vendors in the market are -

Electrolux

GE

Whirlpool

LG

Samsung

Other prominent vendors in the market are Arçelik, Asko, Crosslee, Gorenje, Haier, Hoovers, Kenmore Appliances, Midea, Miele, Panasonic, Robert Bosch, and Smeg.

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Segmentation based on distribution channel and analysis of the electric dryers market

Speciality retailers

Hypermarkets, supermarkets, and departmental stores

Others (discount stores, general merchandisers, and online)

During 2015, the specialized stores segment dominated the market accounting for approximately 60% of the total market share. The major factor contributing to the growth of this sector will be the availability of a large variety of brands, extensive product portfolios, and the sale of similar types of goods across all outlets.

Segmentation based on geography and analysis of the electric dryers market

APAC

Europe

North America

ROW

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Market drivers

Complete Report is Available at: http://www.reportsweb.com/global-electric-dryers-market-2016-2020

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Electric Dryers Industry Analysis by Industry, Share, Size, Forecast and Competitive Landscape