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Electric Clothes Dryer Market Research Report By Capacity (Small (Up to 6kg), Medium (7-10kg), Large (11-15kg)), By Product Type (Vented Dryers, Condenser Dryers, Heat Pump Dryers), By Control Type (Manual Control, Semi-Automatic Control, Fully Automatic Control), By Energy Efficiency (Standard, High-Efficiency, Energy Star Certified), By Additional Features (Anti-Wrinkle Technology, Steam Function, Smart Connectivity) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032


ID: MRFR/CR/25769-HCR | 111 Pages | Author: Varsha More| November 2024

Global Electric Clothes Dryer Market Overview


The Electric Clothes Dryer Market Size was estimated at 66.72 (USD Billion) in 2022. The Electric Clothes Dryer Industry is expected to grow from 69.99 (USD Billion) in 2023 to 107.77 (USD Billion) by 2032. The Electric Clothes Dryer Market CAGR (growth rate) is expected to be around 4.91% during the forecast period (2024 - 2032).


Key Electric Clothes Dryer Market Trends Highlighted


The increasing adoption of energy-efficient appliances and government initiatives promoting sustainable practices are key market drivers for the electric clothes dryer market. Growing urbanization, rising disposable income, and improved living standards in emerging economies are creating opportunities for the expansion of the market. Recent trends in the market include the integration of smart features, such as remote control and energy monitoring, into electric clothes dryers. Additionally, the rise of online retail and the growing popularity of subscription-based services are providing alternative channels for the distribution of these appliances.


Electric Clothes Dryer Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Electric Clothes Dryer Market Drivers


Growing Demand for Energy-Efficient Appliances


Consumer awareness about the environmental impact of their daily life appliances is growing, and many choose their household machines and devices on the basis of their energy consumption features, thus choosing only energy-efficient models. Electric Clothes Dryers are not excluded, and the growing demand for electric clothes dryers that consume less energy is one of the major factors that contribute to the growth of the electric clothes dryer market.Moreover, there are some governmental regulations and incentives meant to support and increase the value of the electric clothes dryer market associated with the introduction of the policy on the territory of the European Union which is known as the Ecodesign Directive 2009/125/EC. This directive specifies the minimum performance requirements for electric clothes dryers produced and sold on the given territory. Thus, such a policy promotes energy-efficient electric clothes dryers in the EU and provides opportunities for the development of this industry in the future.


Increasing Adoption of Smart Homes


The growing popularity of smart homes is another key driver of the electric clothes dryer market. Smart homes are equipped with internet-connected devices that can be controlled remotely. This includes appliances such as electric clothes dryers. Smart electric clothes dryers offer a range of benefits to consumers, including remote control, energy monitoring, and cycle optimization. The increasing adoption of smart homes is expected to drive the demand for smart electric clothes dryers in the coming years.


Rising Disposable Income in Developing Countries


The growing disposable income in developing countries is also fueling the sales of the electric clothes dryer market. As the purchasing power of consumers in these countries is increasing, they are spending more on home appliances, including electric clothes dryers. This is expected to continue in the future, with the economy as a whole expected to grow.


Electric Clothes Dryer Market Segment Insights


Electric Clothes Dryer Market Capacity Insights 


The Electric Clothes Dryer Market is segmented by capacity, such as small and medium (7-10kg). It is estimated that the medium capacity segment will represent the largest market share in 2023 because of the ongoing trends towards medium-sized households. As a rule, such households consist of 3-4 people, and the above-mentioned capacity range is sufficient for household needs. Besides, medium capacity electric dryers are more eco-friendly and have lower energy consumption. The small capacity segment is projected to demonstrate the most rapid growth rate during the forecast period.This trend is explained by the constantly increasing number of single-person households. In addition, small electric dryers are convenient for owners of apartments and other small accommodations. Finally, the large capacity segment is estimated to experience the vast majority of the share of the Electric Clothes Dryer Market in 2023. This tendency is caused by the increasing demand for electric dryers from big families. Nowadays, the number of big families is growing. Furthermore, the demand for dryers with big capacity is rising. In addition, such appliances are beneficial for commercial facilities, such as laundromat laundry centers, as well as for hotels.In the next years, the Electric Clothes Dryer Market will grow at a moderate speed since the demand for eco-friendly appliances will increase. The number of medium-sized households and single-person households is going to grow. At the same time, the utility of small electrical dryers will increase, and the demand for large-size appliances is expected to rise in the future. 


Electric Clothes Dryer Market Capacity


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Electric Clothes Dryer Market Product Type Insights 


The Electric Clothes Dryer Market is divided by product type into vented dryers, condenser dryers, and heat pump dryers. Vented dryers are the most prevalent electric clothes dryer type, accounting for over 60% of the worldwide market in 2023. Condenser dryers are rapidly gaining popularity because they do not require an external vent and can be installed in a confined room to dry clothes. Heat pump dryers are the most energy-efficient electric clothes dryers, but they are also the most costly. The market is being fueled by factors such as Rising demand for additional energy-efficient appliances. In developing nations, the number of households is increasing. The market is also likely to be driven by the increasing popularity of internet purchasing, as well as by the introduction of new technologies like smart dryers that can be operated at any time and dryers that can alter their settings automatically to the type of fabric that is being dried.


Electric Clothes Dryer Market Control Type Insights 


The Electric Clothes Dryer Market segmentation by Control Type includes Manual Control, Semi-Automatic Control, and Fully Automatic Control. The Fully Automatic Control segment held the largest market share in 2023, and it is expected to continue to dominate the market throughout the forecast period. The growing demand for convenience and energy efficiency is driving the growth of this segment. Semi-Automatic Control segment is expected to witness a steady growth rate during the forecast period. The manual Control segment is expected to account for a small share of the market as consumers are increasingly opting for more advanced and convenient options.


Electric Clothes Dryer Market Energy Efficiency Insights 


The Energy Efficiency segment of the Electric Clothes Dryer Market is classified into Standard, High-Efficiency, and Energy Star Certified. Among these, the High-Efficiency segment held the largest market share in 2023, accounting for approximately 45% of the market revenue. The Energy Star Certified segment is expected to witness the fastest growth rate during the forecast period, owing to the increasing adoption of energy-efficient appliances. The growing demand for energy-efficient products, coupled with government regulations and incentives, is driving the growth of this segment.As per industry estimates, the Electric Clothes Dryer Market for the Energy Star Certified segment is projected to reach USD 34.56 billion by 2024, exhibiting a CAGR of 5.2% from 2023 to 2032.


Electric Clothes Dryer Market Additional Features Insights 


The Electric Clothes Dryer Market is segmented based on additional features such as Anti-Wrinkle Technology, Steam Function, and Smart Connectivity. These features enhance the functionality and convenience of electric clothes dryers, leading to their growing popularity. Anti-Wrinkle Technology prevents wrinkles from forming on clothes, reducing the need for ironing. This feature is particularly beneficial for delicate fabrics and garments that are prone to creasing. Steam Function allows users to add steam to the drying cycle, which helps to reduce wrinkles, refresh clothes, and remove odors.This feature is ideal for garments that require gentle care and can also be used to sanitize clothes. Smart Connectivity enables electric clothes dryers to be connected to Wi-Fi or Bluetooth, allowing users to control and monitor their appliances remotely using a smartphone or tablet. This feature provides convenience and allows users to optimize their laundry routine by receiving notifications when the cycle is complete or scheduling cycles remotely.


Electric Clothes Dryer Market Regional Insights 


The Electric Clothes Dryer Market is segmented regionally into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The growth in this region can be attributed to the increasing adoption of energy-efficient appliances, rising disposable incomes, and growing awareness about the benefits of electric clothes dryers. Europe is the second-largest market for electric clothes dryers and is expected to witness significant growth over the forecast period.The growing popularity of smart homes and the increasing adoption of connected appliances are driving the growth in this region. APAC is the fastest-growing market for electric clothes dryers and is expected to witness the highest growth rate over the forecast period. The increasing urbanization, rising middle-class population, and growing disposable incomes are driving the growth in this region. South America and MEA are relatively smaller markets for electric clothes dryers but are expected to witness steady growth over the forecast period.The growing adoption of electric clothes dryers in urban areas and the increasing awareness about the benefits of these appliances are driving the growth in these regions.


Electric Clothes Dryer Market Regional


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Electric Clothes Dryer Market Key Players And Competitive Insights


Innovative product development, in combination with green and energy-efficient technology usages, is the primary strategy implemented by the major players in the Electric Clothes Dryer Market. The increase in demand for green products results in product innovation by companies operating in the field of electric appliances market development. Another strategy commonly employed among the leading Electric Clothes Dryer Market players relates to geographical expansion. Companies entering foreign markets benefit financially due to the rapid economic growth of the majority of developing countries and the brand absence in these regions. Mergers and acquisitions also constitute a significant strategy among major players in the industry. The competitive environment is expected to intensify within the forthcoming decade as more players are going to enter the market and the existing ones expand their product lines.The major player of this industry includes Whirlpool Corporation which focuses on the development of energy-efficient and innovative appliances. The company provides a vast variety of electric clothes dryers implemented with advanced features such as automatic moisture sensing, wrinkle shield technology, and steam refresh cycles. Whirlpool Corporation holds a strong position in the market and operates manufacturing facilities throughout the world. The company’s high focus in the field of research and development activities allows it to respond to the altering market needs promptly and maintain a major market share.LG Electronics is the major competitor of Whirlpool Corporation and the Electric Clothes Dryer Market and is known as an active promoter and implementer of advanced technologies. The electric Clothes Dryer Market is presented with a broad variety of electric clothes dryers, each of which is designed in accordance with the client’s preferences and needs, including AI-powered drying cycles, smart sensors, and smart-diagnosis technology. The company holds a strong brand reputation, and the leading positions in large and emerging markets of the world are actively expanding their operations.


Key Companies in the Electric Clothes Dryer Market Include



  • Whirlpool Corporation

  • LG Electronics

  • BSH Hausgeräte GmbH

  • Toshiba Corporation

  • Samsung Electronics

  • Godrej Boyce

  • Candy Group

  • Panasonic Corporation

  • Hisense Group

  • Haier Group

  • Midea Group

  • Mitsubishi Electric Corporation

  • Arcelik

  • Sharp Corporation

  • Electrolux AB


Electric Clothes Dryer Market Industry Developments


The Electric Clothes Dryer Market is projected to reach a valuation of USD 107.77 billion by 2032, expanding at a CAGR of 4.91% from 2024 to 2032. Rising disposable income, increasing urbanization, and growing demand for energy-efficient appliances are the key drivers of market growth. Additionally, advancements in technology and the introduction of smart dryers with features such as remote connectivity and voice control are further propelling market expansion. Key players in the market are focusing on product innovation and strategic partnerships to gain a competitive edge. Recent developments include the launch of dryers with advanced features such as AI-powered drying cycles and steam technology. The market is expected to witness significant growth in the Asia-Pacific region due to the rising middle-class population and increasing demand for modern home appliances.


Electric Clothes Dryer Market Segmentation Insights 


Electric Clothes Dryer Market Capacity Outlook



  • Small (Up to 6kg)

  • Medium (7-10kg)

  • Large (11-15kg)


Electric Clothes Dryer Market Product Type Outlook



  • Vented Dryers

  • Condenser Dryers

  • Heat Pump Dryers


Electric Clothes Dryer Market Control Type Outlook



  • Manual Control

  • Semi-Automatic Control

  • Fully Automatic Control


Electric Clothes Dryer Market Energy Efficiency Outlook



  • Standard

  • High-Efficiency

  • Energy Star Certified


Electric Clothes Dryer Market Additional Features Outlook



  • Anti-Wrinkle Technology

  • Steam Function

  • Smart Connectivity


Electric Clothes Dryer Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa

Report Attribute/Metric Details
Market Size 2022 66.72 (USD Billion)
Market Size 2023 69.99 (USD Billion)
Market Size 2032 107.77 (USD Billion)
Compound Annual Growth Rate (CAGR) 4.91% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Whirlpool Corporation, LG Electronics, BSH Hausgeräte GmbH, Toshiba Corporation, Samsung Electronics, Godrej Boyce, Candy Group, Panasonic Corporation, Hisense Group, Haier Group, Midea Group, Mitsubishi Electric Corporation, Arcelik, Sharp Corporation, Electrolux AB
Segments Covered Capacity, Product Type, Control Type, Energy Efficiency, Additional Features, Regional
Key Market Opportunities Energy efficiency advancements Smart home integration Rising disposable incomes in emerging markets Compact and portable dryers for smaller spaces Growing adoption of sustainable laundry practices
Key Market Dynamics Rising Energy Costs Technological Innovations Product Premiumization Urbanization Increased Awareness of Sustainability
Countries Covered North America, Europe, APAC, South America, MEA
 

Frequently Asked Questions (FAQ) :

The Electric Clothes Dryer Market is expected to be valued at USD 69.99 Billion in 2023.

The Electric Clothes Dryer Market is projected to grow at a CAGR of 4.91% from 2024 to 2032.

The Electric Clothes Dryer Market is expected to reach a valuation of USD 107.77 Billion by 2032.

North America is expected to hold the largest market share in the Electric Clothes Dryer Market in 2023.

Asia Pacific is expected to grow at the highest CAGR in the Electric Clothes Dryer Market from 2024 to 2032.

Electric Clothes Dryers are primarily used for drying clothes in residential and commercial settings.

Key competitors in the Electric Clothes Dryer Market include Whirlpool, Electrolux, Samsung, LG, and GE Appliances.

Rising disposable income, increasing urbanization, and growing demand for energy-efficient appliances are major factors driving the growth of the Electric Clothes Dryer Market.

Fluctuating raw material prices and intense competition from alternative drying methods are major challenges faced by the Electric Clothes Dryer Market.

Technological advancements, such as the integration of smart features and energy-saving technologies, are key trends expected to shape the future of the Electric Clothes Dryer Market.

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