Tumble Dryer Market: Revenue, Growth, Developments, Size, Share and Forecast 2027

[Akash Ra]

The reports also help in understanding the Tumble Dryer Market dynamic, and structure by analyzing the market segments and projecting the Tumble Dryer Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Tumble Dryer Market makes the report investor’s guide.

Tumble Dryer Market Overview:

The "Tumble Dryer Market" study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Tumble Dryer Market, as well as the reasons for variations in the industry's growth in various locations.

The Tumble Dryer Market was valued at US$ 14.8 Bn. in 2021. Global Tumble Dryer Market size is estimated to grow at a CAGR of 2.6% over the forecast period.

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Market Scope:

The rise in dietary trend of consuming milk outside the home is propelling Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.

Segmentation:

Based on End User, the Tumble Dryer Market can be segmented into textile industry, laundry, multifamily, hotel and school segments. Residential End Users such as multifamily, laundry service company, and laundry segments accounted for a large market share in terms of end use sector. A growing number of households with workers, as well as an increase in apparel purchasing and cleaning, are expected to boost growth in these areas. Growing client preference for expert cleaning service providers due to personal hygiene and cleanliness is expected to drive growth in these areas during the forecast period.

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Key Players:

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through primary sources. The biggest players in the Tumble Dryer market are as follows:

• Samsung (South Korea)
• LG (South Korea)
• American Dryer (US)
• Miele Professional (Germany)
• Electrolux Professional (Sweden)
• Maytag (US)
• Dexter Laundry (US)
• Haier (China)
• Pellerin Milnor (US)
• GIRBAU (India)
• Schulthess (Germany)
• Renzacci (UK)
• Haier (China)
• Danube (UAE)
• ASKO (China)

Regional Analysis:

Individual market-influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Tumble Dryer market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Tumble Dryer Market:

Due to a break in operations, end-user sectors where Tumble Dryer is used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Tumble Dryer manufacturers, affecting the development of the Tumble Dryer market in 2020. End-user business demand for Tumble Dryer has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

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Key Questions Answered in the Tumble Dryer Market Report are:

Which segment had the largest share in the Tumble Dryer market in 2021?

What is the competitive landscape of the Tumble Dryer market?

Which are the key drivers aiding the Tumble Dryer market growth?

Which region has the maximum share in the Tumble Dryer market?

What will be the CAGR of the Tumble Dryer market during the forecast period (2022-2027)?

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