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Tumble Dryers Market Segmented By product such as Heat-pump operated tumble dryer, Vented tumble dryer and Condenser tumble dryer having Application in Textile Industry, Laundry, Multifamily, Hotel, School, Hospital/Nursing Home and Laundry Service Company
A clothes dryer, also referred to as a tumble dryer, is an operated household appliance that is used, usually immediately after being cleaned in a laundry machine, to extract moisture from a load of clothes, bedding and other textiles. Many dryers consist of a revolving drum called a "tumbler" from which hot air is pumped to evaporate the moisture, while the tumbler is rotated between the articles to preserve air space.
How they drain water from the unit is the main distinction between a vented dryer and a condenser dryer. More popular are vented tumble dryers. They feature a long, flexible hose that attaches the tumble dryer to the outside of your home and vents the water.
Tumble dryer demand is growing mainly due to its rising demand from various applications such as Garment Industry, Laundry, Multifamily, Hotel, Kindergarten, Hospital/Nursing Home and Laundry Service Business.
Factors such as a growing number of middle-class populations who can afford dryers, increased disposable income, shifting habits and increased living standards are driving the growth of the tumble dryer industry. As a growth factor for this sector, a rising number of working woman organizations are now acting.
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The market for tumble dryers is fostered by a growing population. The growing economy and the increasing population of the working class are the driving factors of the tumble dryer industry.
Factors such as growing numbers of middle-class populations who can afford washing machines and dryers, increased disposable income, shifting habits and increased living standards are driving the development of the demand for tumble dryers. In addition, over the projected period, the rising urban population worldwide is projected to witness a higher penetration rate and significant growth in industry sales for tumble dryers.
In the category of smart homes, technological innovation results in greater demand for wired appliances, such as tumble dryers, smart washers, as a means of comfort and convenience. Increased adoption of the automated washing and drying process has produced lucrative growth opportunities in the area as an integral part of daily housekeeping activities among Europeans.
On-demand laundry systems have changed the market and received customer admiration as they provide customers with excellent services, incentives, and high standards of comfort. The enormous promise and opportunity of these services has already been recognized by various companies such as Cleanly and Rinse and they are making substantial investments to improve their role in the industry.
The biggest restraint in the tumble dryer market is that tumble dryers need to continuously drain their hot air, to constantly pump up fresh air by using energy or coal. This nature results in a major lack of electricity, which ultimately raises customers' power bills.
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Based on the By Product, the prominent segments of Tumble Dryers are identified as:
Based on the By Application, the prominent segments of Tumble Dryers are identified as:
The ongoing crisis caused by COVID-19 pandemic has affected all industry verticals resulting in subdued capital investments, retardation of production rate and supply to end procurers. The tumble dryer market is no exception to this effect and is understood to undertake a significant dent in the planned growth rate in the current fiscal.
With regards to the growth trend specific to tumble dryers market, a downturn in growth is expected to have been observed in the 3 quarters of ongoing fiscal. The recovery of Tumble Dryers towards threshold growth rate is expected to incur over next 4 to 6 quarters which is critically dependent on end user sentiment for new sales and the supporting rules and policies by the regional governments.
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Asia Pacific has emerged as the biggest shareholder and its lead over the projected timeframe is predicted to be sustained. In the forecast timeframe, the presence of developing economies such as India and China, a rising working population and increasing expenditure on dry cleaning and laundry services are projected to boost the industry.
During the forecast era, Europe is expected to experience substantial development. Development, along with a rising working population, is due to increasing disposable incomes. The strong involvement of various suppliers of laundry facilities. Owing to rising investment in hotel operations in Germany, the UK, and Spain, the European hospitality industry is growing at a phenomenal rate.
The growth of the hospitality sector is also supported by steady growth in the tourism industry. Demand for commercial laundry facilities in Europe is expected to produce this.
In terms of end use sector, the residential applications such as multifamily, laundry service company and laundry segments accounted for a major market share. The growth of these segments is projected to be driven by a growing number of households with workers worldwide, along with a rise in clothing spending and cleaning.
In addition, because of personal hygiene and cleanliness, growing customer propensity towards skilled cleaning service providers is projected to spur the growth of these segments over the forecast period.
Due to the environmental guidelines highlighted by many governments, trends include creativity to improve productivity and energy efficiency, as well as water use. The use of sensors and other elements used in mobile technology is a common practice in smart appliances.
Based on the rise of real estate, both buying and leasing refurbishment are also revolutionary for smaller appliances owing to various living structures around the world. Designing goods with more maintenance options is a way to increase the lifespan of home appliances so that it is more economical for customers to repair than to swap appliances.
The restoration and servicing procedures are currently required to be undertaken by consultants and, in some cases, by the end user. The decrease in energy consumption by tumble dryers specialized in condensing heating element driers will eventually lead to an increase in demand.
List of some of the prominent market participants in Tumble Dryers market are:
“The research report on Tumble Dryers market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Tumble Dryers market report also contains projections using a suitable set of assumptions and methodologies. The research report on Tumble Dryers market provides analysis and information according to market segments such as of product type, and by application.
The Tumble Dryers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Tumble Dryers market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Tumble Dryers market report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
