Global Tumble Dryer
Market Report
2024
The Global Tumble Dryers market size is USD 15.1 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 2.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Tumble Dryers market size is USD 15.1 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 2.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Tumble Dryer Market Sales Revenue 2023 | $ 15.1 Billion |
Global Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.8% |
North America Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2% |
Europe Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.1% |
Asia Pacific Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.9% |
South America Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Middle East and Africa Tumble Dryer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.6% |
Market Split by Energy Source |
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Market Split by Application |
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Market Split by Working Principle |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Tumble Dryer Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Tumble dryers are an integral part of modern laundry routines, offering convenience and time-saving benefits to consumers. The market for tumble dryers is characterized by a wide range of products, including vented, condenser, and heat pump dryers, catering to various consumer needs. As energy efficiency and smart technology integration become increasingly important, manufacturers are focusing on producing more eco-friendly and digitally connected tumble dryers to meet consumer demand and regulatory standards, making them more attractive to potential buyers.
Tumble dryers offer a quick and efficient way to dry clothes, reducing the reliance on traditional outdoor drying methods and saving valuable time for busy individuals and families. Additionally, the rise of smaller living spaces and apartment living has made tumble dryers a practical choice, as they eliminate the need for outdoor clotheslines or large drying racks. The integration of advanced technologies in modern tumble dryers, such as energy-efficient features and smart connectivity, has also contributed to their popularity, as consumers seek energy savings and the ability to control their appliances remotely.
For instance, in August 2023, LG Electronics Inc. and Samsung Electronics announced a partnership to develop and manufacture next-generation smart tumble dryers. The two companies will come together to create new technologies that will make tumble dryers more connected and easier to use. The partnership is expected to last for several years.
Tumble dryer manufacturers have been focusing on developing more energy-efficient models that appeal to environmentally conscious consumers. Additionally, government regulations and energy efficiency standards have pushed consumers to replace older, less efficient dryers with newer, greener options. The desire to reduce overall energy consumption and lower utility bills further incentivizes the adoption of energy-efficient tumble dryers. In this way, the alignment of environmental sustainability with the use of tumble dryers is fueling their growth in the market.
For instance, in September 2023, Electrolux AB and Haier Group announced a partnership to develop and manufacture next-generation tumble dryers. The two companies will put together their expertise to create new products that are energy efficient and have a smaller environmental impact. The partnership is expected to last for several years.
Consumers and governments are growing concerned about the environmental impact of high energy usage, and tumble dryers are often seen as energy-intensive appliances. As a result, some consumers may opt for alternative methods like air drying or using energy-efficient models to minimize their environmental footprint. The high energy costs associated with using tumble dryers can also be a financial deterrent for some households, leading them to explore more cost-effective drying methods. These concerns are prompting a shift towards more energy-efficient and sustainable drying solutions, potentially limiting the growth of traditional tumble dryers.
The COVID-19 pandemic had a coupled impact on the tumble dryer market. Initially, there was a drop in demand as lockdowns and economic uncertainties caused consumers to limit their spending on non-essential appliances. However, as more people were confined to their homes and hygiene concerns rose, the market witnessed a resurgence in demand for tumble dryers. Homeowners sought to maintain cleanliness and convenience, leading to increased sales of these appliances as they became an essential addition to modern households. Additionally, manufacturers adapted by introducing advanced features like sanitization and energy efficiency to cater to changing consumer preferences, resulting in a shift towards higher-end models.
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The well-established global appliance manufacturers offer a wide range of models catering to various consumer preferences. The industry is also experiencing innovation and competition in the form of energy-efficient and smart tumble dryers that offer enhanced features and connectivity to meet the evolving demands of modern consumers.
Top Companies Market Share in Tumble Dryer Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for approximately 42% of the global revenue due to its high level of consumer adoption and widespread appliance usage in households. The region has a strong culture of convenience and time-saving solutions, with tumble dryers being a popular choice for drying clothes quickly and efficiently. Additionally, the presence of well-established appliance manufacturers and a robust distribution network further solidify North America's dominance in the market.
Asia Pacific is the fastest-growing category due to its rapidly expanding middle class, urbanization, and changing consumer lifestyles. As more households in the region transition to modern living, there is a growing demand for time-saving appliances, including tumble dryers. Additionally, manufacturers are increasingly targeting the Asia Pacific market with energy-efficient and cost-effective models, making them more accessible to a broader population. The region's economic growth and rising disposable incomes have resulted in a surge in consumer spending on home appliances, contributing to the rapid growth of the tumble dryer market in Asia Pacific.
The current report Scope analyzes Tumble Dryer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America held the major market share in 2023 and accounted for more than 42% of the global revenue and market CAGR of 2.0%, due to the strong consumer demand for convenience and time-saving solutions in modern households. Tumble dryers have become an essential appliance, particularly in regions with cold or humid climates, where air drying is less practical. Energy efficiency and smart features are also influencing the market as consumers seek environmentally friendly and technologically advanced models. According to Cognitive Market Research, the laundry service company is a significant driver. Multi-family buildings such as apartment complexes and condominiums often require commercial-grade tumble dryers to provide laundry facilities for residents, and laundry service companies rely on industrial tumble dryers for their operations. In conclusion, the North American market for tumble dryers is characterized by the desire for convenience, energy efficiency, and advanced technology, making it a thriving sector in the household appliance industry.
According to Cognitive Market Research, the Europe tumble dryer product market accounted for approximately 30% of the global revenue and market CAGR of 2.1%, due to the continent's often wet and cold climate, which makes the use of tumble dryers more common and necessary. Additionally, the European market is increasingly focused on energy efficiency, prompting consumers to upgrade to more eco-friendly and energy-efficient tumble dryer models. Urbanization and smaller living spaces in many European cities have also contributed to the demand for compact and space-saving appliances, including tumble dryers. According to Cognitive Market Research, hotels are a significant consumer segment. Hotels in Europe extensively use tumble dryers to meet the demands of their guests and maintain high-quality linen and towel services. Tumble dryers in hotels are essential for ensuring fast and efficient laundry operations, which is crucial for maintaining the reputation and standards of the hospitality industry. In conclusion, the European market for tumble dryers is influenced by climate conditions, energy efficiency considerations, urban living, and changing household dynamics, all of which contribute to the sustained demand for these appliances in the region.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 20% of the global revenue and a market CAGR of 3.9%, due to the increasing urbanization and the growing middle-class population. As more households in the region transition to modern living, there is a rising demand for time-saving appliances, including tumble dryers, to meet the needs of busy urban lifestyles. Additionally, manufacturers are targeting this market with a range of affordable and feature-rich models, further fueling the growth of the segment. According to Cognitive Market Research, laundry service company rising disposable incomes. Laundry service companies in the Asia Pacific cater to a wide range of customers, including businesses and individuals, and they often require industrial-grade tumble dryers to handle large volumes of laundry efficiently. This demand is influenced by the region's urbanization, growing population, and changing consumer lifestyles, which contribute to the increasing need for laundry services. In conclusion, the growth of the tumble dryer market in Asia Pacific can be attributed to the combination of urbanization, changing consumer preferences, and the need for convenient household appliances.
According to Cognitive Market Research, South America accounted for more than 5% of the global Tumble Dryers revenue in 2023 and a market CAGR of 2.5%, increasing urbanization, a rising middle-class population, and changing consumer lifestyles. As more households in the region transition to modern living, there is a growing demand for time-saving appliances like tumble dryers. Moreover, climatic conditions in some parts of Latin America, characterized by high humidity and frequent rain, make tumble dryers a practical solution for efficient clothes drying. According to Cognitive Market Research, the laundry category drives the market as there is significant demand in commercial laundries, hotels, hospitals, and laundry service companies, as they require efficient and reliable drying solutions to process large volumes of laundry. With the region's growing hospitality sector, healthcare facilities, and laundry service businesses, the laundry end-user segment plays a pivotal role in shaping the market for tumble dryers in the region. In conclusion, the growth of the tumble dryer market in Latin America can be attributed to urbanization, evolving consumer preferences, and the need for appliances that offer convenience and efficiency in various climatic conditions.
According to Cognitive Market Research, the Middle East and Africa accounted for more than 3% of the global revenue in 2023 and a market CAGR of 2.6%, the region's growing affluence, urbanization, and evolving consumer lifestyles. As more households in the MEA experience rising incomes and urban expansion, there is a greater emphasis on modern home appliances that offer convenience. Additionally, the desire for time-saving solutions in these regions, where climate conditions may not always be conducive to outdoor drying, has fueled the demand for tumble dryers. According to Cognitive Market Research, hotels, with their consistent laundry demands for linens, towels, and guest clothing, rely on commercial-grade tumble dryers for efficient and quick laundry processing. The need for high-capacity and reliable drying equipment makes the hotel industry a key driver in the MEA tumble dryer market. In conclusion, the MEA market for tumble dryers is witnessing growth due to the changing socioeconomic landscape, increasing urbanization, and the need for efficient laundry solutions in various climatic conditions.
Global Tumble Dryer Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Tumble Dryer Industry growth. Tumble Dryer market has been segmented with the help of its Energy Source, Application Working Principle, and others. Tumble Dryer market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, gas tumble dryers held the major market share because of their energy efficiency and cost-effectiveness. They use natural gas or propane as a heat source, which is often more economical than electricity, resulting in lower operating costs for consumers. Gas dryers are typically faster and more powerful, allowing for shorter drying times and increased productivity, which appeals to households with high laundry demands. Additionally, in regions with fluctuating or expensive electricity rates, gas dryers provide a more stable and budget-friendly option.
Electric tumble dryers are the fastest-growing category over the forecast period due to their convenience and ease of installation. Unlike gas dryers, they don't require a natural gas or propane connection, making them a more accessible choice for a wider range of households. Furthermore, advancements in technology have resulted to the development of energy-efficient electric dryers.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Tumble Dryer Industry. Request a Free Sample PDF!
According to Cognitive Market Research, coin-operated laundromats hold a dominant market share as these are commercial laundry facilities where customers pay for individual machine usage. They often have a significant need for efficient and durable tumble dryers to accommodate a high volume of laundry loads. These businesses rely heavily on reliable, high-capacity dryers to serve a wide customer base, making tumble dryers a primary appliance in this setting.
Multi-family laundromats are the fastest-growing category over the forecast period; as urbanization continues more people are residing in apartment complexes and multi-family housing units, which often lack individual laundry facilities. This creates a strong demand for communal laundry rooms equipped with efficient tumble dryers to serve multiple households. Additionally, property developers and managers are recognizing the value of modern and convenient laundry amenities as a selling point for multi-family housing units.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Tumble Dryer market report 2024 Edition by contacting our team.
According to Cognitive Market Research, vented tumble dryers hold a dominant market share because of their simplicity and cost-effectiveness. They are highly efficient at removing moisture from clothes, making them a popular choice for consumers seeking quick and reliable drying. Additionally, their straightforward design and lower initial cost compared to other types of tumble dryers contribute to their dominance in the market, especially in regions where external venting is easily achievable.
Condensed tumble dryers are the fastest-growing category over the forecast period due to their convenience and versatility. Unlike vented dryers, they don't require external venting, making them suitable for a wider range of living spaces, including apartments and homes without easy vent access. Additionally, advancements in condenser dryer technology have improved energy efficiency and drying performance.
According to Cognitive Market Research, laundry end-users dominate the market share revenue due to the sheer volume of laundry processed in commercial laundries, self-service laundromats, and dry-cleaning businesses. These facilities rely heavily on industrial-grade tumble dryers to handle the constant flow of linens, garments, and textiles efficiently. As a result, the demand for reliable, high-capacity tumble dryers in the laundry sector is significant, contributing to their dominance in the market.
The laundry service company is the fastest-growing category over the forecast period due to the increasing outsourcing of laundry services by various businesses and individuals, which is expanding the customer base for these companies. Moreover, laundry service providers are often investing in modern, energy-efficient tumble dryers to improve their operational efficiency and reduce costs, attracting more clients and driving market growth.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Tumble Dryer Market is witnessing significant growth in the near future.
In 2023, the Electric segment accounted for noticeable share of global Tumble Dryer Market and is projected to experience significant growth in the near future.
The Multi Family Laundromats segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Whirlpool , Samsung and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Energy Source | Electric, Gas |
Application | Multi Family Laundromats, Coin Operated Laundromats, On-Premise Laundromats |
Working Principle | Vented Tumble Dryers, Condenser Tumble Dryers |
End-User | Textile Industry, Laundry, Multi-family, Hotel, School, Hospital, Laundry Service Company |
List of Competitors | Whirlpool, Electrolux, Samsung, LG Electronics, GE Appliances, Miele, Bosch, Siemens, Panasonic, Smeg, Beko, AEG, Fisher & Paykel, Sharp, Haier, Hisense, Zanussi, Hotpoint, Frigidaire |
This chapter will help you gain GLOBAL Market Analysis of Tumble Dryer. Further deep in this chapter, you will be able to review Global Tumble Dryer Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Tumble Dryer Market Trends North America Tumble Dryer Technological Road Map North America Tumble Dryer Market Drivers North America Tumble Dryer Market Restraints North America Tumble Dryer Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Energy Source Analysis 2019 -2031, will provide market size split by Energy Source. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Energy Source Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Working Principle Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Tumble Dryer market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Electric have a significant impact on Tumble Dryer market? |
What are the key factors affecting the Electric and Gas of Tumble Dryer Market? |
What is the CAGR/Growth Rate of Multi Family Laundromats during the forecast period? |
By type, which segment accounted for largest share of the global Tumble Dryer Market? |
Which region is expected to dominate the global Tumble Dryer Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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