As per newly released data by Future Market Insights (FMI), the tumble dryer market is estimated at USD 16,039.1 million in 2024 and is projected to reach USD 24,133.8 million by 2034, at a CAGR of 4.2% from 2024 to 2034. Share of tumble dryer market in its parent market (global dryers market is 15% to 20%.)
| Attribute | Details |
|---|---|
| Estimated Tumble Dryer Market Size 2024 | USD 16,039.1 million |
| Projected Tumble Dryer (2034) Market Size | USD 24,133.8 million |
| Value CAGR (2024 to 2034) | 4.2% |
| Tumble Dryer Market Top Players Share in 2023. | 30% to 35% |
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The global tumble dryer market has shown a considerable growth rate of 3.3% from 2019 to 2023 due to some factors like increased household income, the fast pace of urbanization, and consumer inclination towards convenience in their chores.
During this period consumers had a penchant for tumble dryers considering the rapid pace at which they could dry clothes, especially during bad weather conditions. The availability of energy-efficient technologies and smart features also satisfied this need and contributed to the growth of the market due to the added benefits such innovations brought to the users.
Furthermore, the advancement of internet business and marketing has frayed increased availability and visibility of tumble dryers especially to the youth. This trend was exploited by brands since most of them provided consumers with a variety of models with different capacities, characteristics, and prices.
The shift from the conventional models to the new generations of green-compliant models helped expand the market in different regions, and the increasing popularity of smart home device applications also added to the penetration of the market. Therefore, the various firms, both young and old, stepped up their efforts in research and design of more advanced products and effective market penetration techniques.
In the period from 2024 to 2034, the market for tumble dryers is expected to sustain a high growth rate of 4.2%. This growth is expected to be propelled by innovation in energy conservation features, smart technologies, and green materials incorporation in manufacturing.
Some of the features like sensor-based drying, Wi-Fi connectivity, and energy-saving modes should become trending and are likely to attract both the ecological and the practically inclined customers. Furthermore, a steady rise in the adoption of tumble dryers due to better distribution channels and growing penetration of the product in emerging markets due to enhanced disposable income will further fuel the market growth.
Overall, the market of the tumble dryer is predicted to experience considerable growth throughout the future decade with the introduction of innovations and increased ecological concerns encouraging the population. In due course, new product developments and market shifts are likely to impact the market greatly as the growth of manufacturing companies gain strength and expand in regions with emerging urbanization.
Principal Consultant
The market for tumble dryers is expected to show good growth, which can be attributed to increasing consumers’ demand for energy-efficient, smart devices and time-saving appliances in their homes. With increased consciousness in households on the impact they have on the environment, there is increased demand for energy-efficient appliances such as the tumble dryers.
The current models of tumble dryers are also being developed with an added functionality that helps to save energy whilst at the same time giving client the opportunity to have endless control over their drying processes through a smart technology which is an appealing factor for modern day users.
Moreover, there seems to be more innovations on models that are environmentally friendly and that support sustainable lifestyle. These models sometimes employ improved heat pump technology which cuts energy consumption down as compared to conventional dryers.
Another good reason brands are using to engage in educational undertakings is to explain the beauty of having energy-efficient tumble dryers not only reflecting value for saving costs in the long run but bearing significant environmental impact, which consumers who consider sustainability will keenly heed.
For example, it has recently been observed that new models of tumble dryers with built-in connectivity options for smartphone control are important for differentiation. As far as these innovations affect user convenience, they also help in energy solutions, embracing the overall direction of smart and sustainable homes.
Therefore, the market is likely to be characterized by a higher rate of consumption of tumble dryers that are capable of providing the best results in terms of efficiency and innovation.
The market for tumble dryers is expected to show good growth, which can be attributed to increasing consumers’ demand for energy-efficient, smart devices and time-saving appliances in their homes. With increased consciousness in households on the impact they have on the environment, there is increased demand for energy-efficient appliances such as the tumble dryers.
The current models of tumble dryers are also being developed with an added functionality that helps to save energy whilst at the same time giving client the opportunity to have endless control over their drying processes through a smart technology which is an appealing factor for modern day users.
Moreover, there seems to be more innovations on models that are environmentally friendly and that support sustainable lifestyle. These models sometimes employ improved heat pump technology which cuts energy consumption down as compared to conventional dryers.
Another good reason brands are using to engage in educational undertakings is to explain the beauty of having energy-efficient tumble dryers not only reflecting value for saving costs in the long run but bearing significant environmental impact, which consumers who consider sustainability will keenly heed.
For example, it has recently been observed that new models of tumble dryers with built-in connectivity options for smartphone control are important for differentiation. As far as these innovations affect user convenience, they also help in energy solutions, embracing the overall direction of smart and sustainable homes.
Therefore, the market is likely to be characterized by a higher rate of consumption of tumble dryers that are capable of providing the best results in terms of efficiency and innovation.
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Energy efficiency and smart features expected to drive sales in the USA
The opportunities in the USA market are expected to facilitate the growth of the tumble dryer market at a robust CAGR of 3.2% because of the enhanced awareness of energy among the consumers and the advancement of smart technologies into the homes. Having observed that consumers in the USA are increasingly becoming environmentally sensitive they are beginning to demand energy efficient appliances.
Energy-saving tumble dryer such as heat pump technology and the use of sensors in drying; is now preferred because of the need to eliminate the carbon footprint as well as the need to save money.
Also, the features of smart technology are boosting the interest of the latest models of tumble dryers in the USA market. Facilities like Wi-Fi compatibility, the ability of controlling the product through an android phone or tablet, and compatibility with other smart products in the home are slowly making their way to the list of selling points.
These developments give the user more convenience and leeway to the drying process and thus satisfy the demanding market. Manufacturing companies in United States of America are not relenting in their efforts to present products that provide better functionality, productivity, and interoperability for various uses.
Furthermore, some of these tumble dryers’ attributes, which include a high degree of programmability and the availability of customized drying programs and gentle care settings required when drying delicate materials have made the dryers popular in the USA market.
Customers have shifted the expectation of performance on their appliances not only towards energy-efficient laundry gear but also to make laundry more of an enjoyable process. Thus, the focus on sustainability and advancements in technologies with drying appliances will help the USA tumble dryers market to extend even more as it meets the needs of the American consumer.
Growing awareness of modern household appliances and affordability to drive growth
The tumble dryer market in India is projected to grow at a robust CAGR of about 5.2% during the forecast period. This is mainly due to the increased level of urbanization, improved disposable income, and improved customers’ awareness of advanced home appliances.
Given current trends of increasing owner occupancy and more people living in urban areas of India, there is going to be increased demand for effective washing solutions such as tumble dryers. This change can be attributed to the rise in the middle-income earners in India, who are in a position to afford such appliances.
Further, it is obsessively evident that the traditional practice of doing household work is gradually changing, primarily focusing on convenient and time-saving solutions. Portable washing machines, probably due to the availability of dryers, are gaining acceptance, especially in urban areas where there is limited space for hanging clothes for drying.
This is further driven by energy-efficient models targeting entry-level consumers in India among others. Sellers have begun to aim at relatively cheaper products to accommodate as many consumers in the market as possible while not neglecting some technological aspects like energy use and product longevity.
The rising consumer electronics industry boost sales in Africa
The consumer electronics market also offers substantial growth prospects in Africa particularly related to the tumble dryer market but this market still faces certain challenges such as unstable electric supply and disadvantaged access to modern appliances.
Nevertheless, the effects of early development and further growth along with consistent efforts to advance electrification, the market is projected to increase steadily, mainly in the urban sector.
Additionally, there is a developing middle class within the African countries and therefore the population needs more modern conveniences in the household. Washing machines which can be used to dry clothes more often than not especially in areas where the weather can be unpredictable are being adopted slowly.
However, the opportunity here lies in the fact these products are affordable and reliable. This means that manufacturers who are in a position to provide affordable tumble dryers with basic features that include energy consumption and long-lasting will thrive in this region.
Electricity Tumble Dryers Expected to Drive Market Sales
Electricity tumble dryers will take a large portion of the share of 56.7% in 2023 within the tumble dryer segment because they are easy to come by, resource-friendly, and easy to access. Electric tumble dryers are more popular than gas ones in households as well as in industries because of their simplicity in installation and relatively cheaper prices.
These dryers have become the most sought-after by consumers who want a dryer that will give them the best drying results at regular intervals. Moreover, the innovations in the technology of the electric tumble dryer like the sensor drying and energy efficient models have added to the benefits of the electric tumble dryers. This category is expected to grow with the CAGR of 3.7% from 2024 to 2034
Clothing or Laundry Industry Expected to Hold a Major Share in the Tumble Dryer Market
In the tumble dryer market, the clothing or laundry industry segment is expected to gain the largest market size share in the forecast period as it is expected to grow with the market CAGR of 46.1% till 2034 due to the high demand for the industry that requires effective drying and a large number of facilities used for cleaning textiles and laundry, dryer cleaner services as well as textile production.
These garments need tumble dryers stable enough to accommodate many garments at once but simultaneously requiring fast turnaround time making it impossible to do without. The continual consumption of high-performance dryers from these industries contributes to steady growth for this application segment and subsequently becomes a major factor in the overall market.
Supermarkets/Hypermarkets Expected to Dominate Sales
Supermarkets and hypermarkets are expected to be the largest sales channel in the tumble dryer market. This segment is again a strong point of this segment as it provides consumers with a one-stop shopping center with different brands and models of tumble dryers. People go to such outlets to sight products for physical differences and features since they are easily able to enjoy special offers.
In addition, the convenience of being able to buy a product and take it home enhances the attractiveness of this channel of sale. This business has maintained an average annual growth rate of 3.7%.
Supermarkets and hypermarkets may remain the most influential sales channels in the tumble dryer market, as they always attract a wide range of customers who are seeking quality products at reasonable prices without spending much time searching for them.
Leading players in the global tumble dryer market are focusing on product innovation and technological advancements, such as energy-efficient and smart-enabled dryers, to meet consumer demand for more sustainable and convenient appliances.
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| Attribute | Details |
|---|---|
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
| Key Segments Covered | Product Type, Style, Size, Price Range, Sales Channel and Region. |
| 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 (as per client requirement) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global tumble dryer market reached a valuation of USD 16,039.1 million in 2024.
The global tumble dryer market grew at a sluggish 3.3% CAGR between 2019 and 2023.
Key trends driving tumble dryer sales include the increasing demand for energy-efficient and eco-friendly appliances, the growing adoption of smart home technologies, and the rising popularity of compact and space-saving designs, particularly in urban areas.
Leading players operating in the global tumble dryer market are Whirlpool Corporation, Electrolux AB, LG Electronics Inc., Samsung Electronics Co., Ltd., BSH Hausgeräte GmbH (Bosch-Siemens Hausgeräte), Miele & Cie. KG, and Haier Group Corporation among others.
The North America tumble dryer market is projected to grow at 3.8% CAGR over the forecast period.
Leading players in the global tumble dryer market are estimated to account for approximately ~30% to 35% of the total market share.
The Europe tumble dryer market is anticipated to expand at ~4.5% CAGR over the forecast period.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Key Market Trends including Key Trends Impacting the Market, and Product Innovation Trends
4. Global Dryer Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
5. Global Dryer Market - Pricing Analysis including Manufacturer Level Pricing, and Distributor Level Pricing
6. Global Dryer Market Demand (in Value or USD Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
7. Market Background including Macro-economic Factors, Forecast Factors - Relevance & Impact, Industry Value and Supply Chain Analysis, Market Dynamics, PESTLE Analysis of Dryer Market, Investment Feasibility Matrix, and Porter’s Five Force
8. Global Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
8.1. Electricity Dryers
8.2. Gas Dryers
9. Global Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
9.1. Household
9.2. Textile industry
9.3. Clothing or Laundry Industry
10. Global Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
10.1. Supermarkets/ Hypermarkets
10.2. Departmental Stores
10.3. Specialty Stores
10.4. Mono Brand Stores
10.5. Online Retailers
10.6. Other Sales Channel
11. Global Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. North America
11.2. Latin America
11.3. Europe
11.4. East Asia
11.5. South Asia
11.6. Oceania
11.7. MEA
12. North America Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
13. Latin America Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
14. Europe Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
15. East Asia Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
16. South Asia Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
17. Oceania Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
18. MEA Dryer Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
19. Market Structure Analysis including Market Analysis by Tier of Companies, Market Concentration, Market Share Analysis of Top Players, and Market Presence Analysis
20. Competition Analysis including Competition Dashboard, Pricing Analysis by Competition, Competition Benchmarking, and Competition Deep Dive
20.1. Whirlpool Corporation
20.2. Electrolux AB
20.3. LG Electronics Inc.
20.4. Samsung Electronics Co., Ltd.
20.5. BSH Hausgeräte GmbH (Bosch-Siemens Hausgeräte)
20.6. Miele & Cie. KG
20.7. Panasonic Corporation
20.8. Haier Group Corporation
20.9. GE Appliances
20.10. Candy Hoover Group S.r.l.
20.11. Arçelik A.Ş.
20.12. Fisher & Paykel Appliances Holdings Ltd.
20.13. Gorenje Group
20.14. Indesit Company S.p.A.
20.15. Sharp Corporation
20.16. Others (as per client requirement)
21. Assumptions and Acronyms Used
22. Research Methodology
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Tumble Dryer Market
