According to newly released data from Future Market Insights (FMI), the global tumble dryer market is estimated to be valued at USD 16,039.1 million in 2024 and is projected to grow to USD 24,133.8 million by 2034, representing a compound annual growth rate (CAGR) of 4.2% during the forecast period.
As a significant segment of the global dryers market, tumble dryers account for approximately 15% to 20% of the total market share. The market’s expansion is fueled by several factors, including rising household incomes, rapid urbanization, and an increasing consumer preference for convenient home appliances.
Market Drivers for the Tumble Dryer Market
- Demand for Energy Efficiency: Increasing consumer preference for energy-saving appliances driven by environmental awareness.
- Urbanization: Rapid urban growth leading to higher disposable incomes and a greater inclination towards modern home conveniences.
- Smart Technology Integration: Adoption of innovative features like Wi-Fi connectivity and sensor-based drying that enhance user convenience.
- Technological Advancements: Ongoing innovations in dryer technology that improve efficiency and incorporate eco-friendly designs.
- Changing Consumer Preferences: A shift towards convenient, time-saving solutions in household chores, increasing the appeal of tumble dryers.
Key Takeaways
- The global tumble dryer market is projected to grow from USD 16 billion in 2024 to USD 24 billion by 2034.
- Rising consumer demand for energy-efficient appliances is a major market driver.
- Urbanization and increased disposable incomes are fueling the adoption of modern home appliances.
- Smart technologies and innovative features are enhancing the appeal of tumble dryers.
- The growing middle class in emerging markets is expanding the customer base for these appliances.
- Educational initiatives by brands are raising awareness of the benefits of energy-efficient models.
Competitive Landscape
Leading players in the global tumble dryer market are prioritizing product innovation and technological advancements, developing energy-efficient and smart-enabled dryers to address consumer demand for more sustainable and convenient appliances.
For instance
- In 2024, Haier Appliances Company launched its new Haier X Series 11, featuring washing machines & tumble dryers with Ultra Fresh Air and Ultra Reverse Drum technology.
- In 2024, Electrolux, a leading home appliance brand in sustainability introduced its smart laundry range of products includes 600-900 series washers, 700-800 series washer dryers and 600-900 series tumble dryers
Key Companies Profiled
Whirlpool Corporation; Electrolux AB; LG Electronics Inc.; Samsung Electronics Co., Ltd.; BSH Hausgeräte GmbH (Bosch-Siemens Hausgeräte); Miele & Cie. KG; Panasonic Corporation; Haier Group Corporation; GE Appliances; Candy Hoover Group S.r.l.; Arçelik A.S.; Fisher & Paykel Appliances Holdings Ltd.; Gorenje Group; Indesit Company S.p.A.; Sharp Corporation; Others
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Global Tumble Dryer Market by Category
By Product Type:
- Electricity Tumble Dryers
- Gas Tumble Dryers
By Application:
- Household
- Textile industry
- Clothing or Laundry Industry
By Sales Channel:
- Supermarkets/ Hypermarkets
- Departmental Stores
- Specialty Stores
- Mono Brand Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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