The global Electric Clothes Drying Hanger market is expected to witness a market value of US$ 1.4 Billion in 2023 and is expected to accumulate a market value of US$ 2.4 Billion by registering a CAGR of 5.4% in the forecast period 2023 to 2033.
The prime factors governing the demand for electric clothes drying hanger are convenience and comfort. Consumers are inclined towards such products which make their life easy and save time as well. In order to capture a larger market share, manufacturers are introducing energy efficient electric clothes drying hanger offering lucrative features like speed of dying, noise emissions, moisture sensors, and LED interfaces.
Additionally, the electric clothes drying hanger is available in various materials, sizes, and shapes with folding and expanding features which makes electric clothes drying hanger adequate for household and commercial sector.
Electric clothes drying hanger are a great option for small homes and apartments where there is no outdoor space for air-dry clothing. Majorly stainless steel electric clothes drying hanger are preferred by the consumers as they are the safest ways for drying most clothes, as compared to open air drying of garments on clothes drying racks which may have rust and degrades the quality of the clothes.
Thus, the electric clothes drying hanger market is anticipated to grow with ascend in demand for portable, efficient, and lightweight electric appliances, which is expected to create a lucrative opportunity for electric clothes drying hanger in the foreseeable future.
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Global Electric Clothes Drying Hanger: Market Dynamics
What Drives the Global Electric Clothes Drying Hanger Market?
In the present era, consumers are aware of environment friendly products, a trend quite evident in the electrical appliance industry. Energy efficiency and environment friendly products have become a top priority. However, consumers also seek products that are made of recyclable or sustainable products, not unleashing any negative impact on the Earth & society.
Further, consumers have become more conscious while making their buying decision of electric clothes drying hanger. The main reason behind this consciousness is the growing product knowledge and increasing desire of technology driven home appliances. Moreover, along with the ease of utility, product efficiency, and flexibility boost the demand for electric clothes drying hanger among consumers.
Will Technological Advancements Propel the Sales of Global Electric Clothes Drying Hanger?
Technology innovation in electric clothes drying hanger market is creating lucrative growth opportunities which in turn ascend the product adoption among the customers. Further, distantly controlled through smartphones, rain recognizing savvy clothes drying hanger that retract itself is one such innovation in electric clothes drying hanger market that manufacturers can add-in to cater the demand of the customers.
What are the Trends that are currently reshaping the Global Electric Clothes Drying Hanger Market?
Electric clothes drying hangers is the new choice of drying clothes. At present the use of drying hanger was limited to certain materials only, but manufacturers have recently expanded the use of the electric clothes drying hanger and it can now be used for all types of clothes (except silk-cotton clothes).
Are Health Concerns Restraining the Demand for Global Electric Clothes Drying Hanger Market?
In low-ventilated rooms, putting clothes on the electric drying hanger to dry can account for up to a third of the moisture in the air, and it develops an ideal conditions for moulds spores to grow and dust mites to thrive; both these conditions triggering asthma.
Adding to this, Indoor drying of clothes that contain fabric conditioner would upsurge the amount of cancer-causing chemicals in the air. Rising health concerns among consumers is one of the prominent reasons responsible for the slow growth of the electric clothes drying hanger market.
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Global Electric Clothes Drying Hanger Market: Top Manufacturer
In order to sustain in this competitive market, the market players needs to come out with more innovative designs and technology which cater the need of the consumer. The top manufacturer in the global electric clothes drying hanger market are
- purStream
- Jiffy Steamer
- Mixen
- Jukkre
- Azod
- Wistrunk
- Kiwii
- Umate
- Abhsant
- Loyal Cart
- Inkach
- Happlyline
- LIDYCE
china has been working towards introducing a Smart Hanger Clothes Dryer Portable Travel Mini Folding Clog Shoes Heater. Not only the hanger can be used to dry clothes, but it can also be used to dry shoes by adding special parts.
How has COVID-19 impacted the Sales of Global Electric Clothes Drying Hanger Market?
During the covid-19 pandemic, electronic industry has faced dual waves. Many e-commerce platforms discontinued the delivery of non-essential items which impacted on the sale of many electronic companies worldwide as the supply chain was totally disrupted.
Before the pandemic, there was a modest rate in the electronic market. With the slowdown in world economic growth during the COVID-19 pandemic, the Electric Clothes Drying Hanger Market has also suffered a certain impact, but still maintained a relatively optimistic growth, in the past few months.
Analysts believe that in the coming years, electric clothes drying hanger market size is likely to rise at a considerable rate during the forecast period, by 2025. The Electric Clothes Drying hanger has been considered in the matter of applications, specifications, and constitution, which makes a positive impact on the growth of the companies. People want to spend more on the products which adds to their comfort.
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Global Electric Clothes Drying Hanger Market: Market Segmentation
On the basis of Product Type:
- Freestanding
- Hanging
- Ceiling Mounted
- Foldable
- Others
On the basis of Material:
- Plastic
- Stainless steel
- Steel
- Aluminum
- ABS+ABS flame retardant
On the basis of End-use:
- Residential
- Commercial
- Hotels
- Restaurants
- Hospitals
- Others
On the basis of Price Range:
- Under US$ 5.0 – US$ 15.0
- US$ 15.0 – US$ 30.0
- US$ 30.0 – US$ 45.0
- US$ 45.0 and Above
On the basis of the Distribution Channel:
- Supermarkets/hypermarkets
- Specialty Stores
- Gifts Stores
- Multi-brand Stores
- Online Retailers
- Others distribution Channel
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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