Market Overview:
The global laundry drying cabinets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances and the growing awareness about hygiene and cleanliness. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into vented pump drying cabinets and heat pump drying cabinets. Vented pump drying cabinets are more popular than heat pump drying cabinets owing to their low cost and easy installation. However, with advancements in technology, heat pump dryers are becoming more popular as they consume less energy than vented pumps dryers. On the basis of application, commercial applications account for a major share of this market followed by residential applications. Commercial applications include laundries in hospitals, hotels, schools etc., while residential applications include use in single-family homes or multi-family apartments/condos etc.
Product Definition:
A laundry drying cabinet is a household appliance typically used to dry clothes. The importance of a laundry drying cabinet is that it can help speed up the process of drying clothes, which can be helpful if you have a large load of laundry to do.
Vented Pump Drying Cabinets:
Vented pump drying cabinets are used in laundry rooms to remove water from the clothes by using a pump. The water is forced through the clothes and then gets discharged out of the back of the machine. These machines save time as they can finish more laundry at a time, thus reducing waiting times. Additionally, it uses less energy than conventional methods as there is no need for heat or dryer sheet which makes it safer for use around children and pets.
Heat Pump Drying Cabinets:
A heat pump drying cabinet is a device that consists of two sections, namely the heating section and the cooling section. The temperature difference between these two sections is utilized to provide thermal energy for your laundry. It works on the simple principle of evaporation; as water is heated, vapor rises into the air and is then captured by a filter which leads to its re-condensation back into liquid form. This process continues until clothes are dry.
Application Insights:
The commercial application segment led the global laundry drying cabinets market in 2017. This growth can be attributed to an increase in the number of hotels, restaurants and other food service industries across the globe. In addition, a rise in tourism is expected to augment product demand for commercial applications over the forecast period.
The residential application segment is expected to witness significant growth over the forecast period owing to rising disposable income among consumers globally. Moreover, rapid urbanization coupled with rising housing costs is driving consumers towards purchasing new washing machines and dryers as appliances within their homes which will further propel industry expansion over next seven years.
Demand for laundry drying cabinets has been increasing significantly among industrial users due largely to stringent regulations regarding hygiene at work places across various regions of world including North America and Europe Asia Pacific Latin America Middle East & Africa Oceania . The aforementioned factors are anticipated drive industry expansion during future period thereby contributing toward revenue generation during estimated time frame.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing disposable income, growing population, and rapid urbanization and industrialization across countries such as India, China, Indonesia among others are anticipated to drive demand for laundry appliances in near future.
Europe was estimated at USD X million in 2017 owing to high demand from residential application segment due mainly rising geriatric population base who prefer a more hygienic way of living which demands regular washing of clothes thus driving product sales at retail level or through online channels thereby propelling growth over the forecast period.
Growth Factors:
- Increasing demand for laundry drying cabinets in the residential sector as a result of growing awareness about their benefits
- Rising demand from the hospitality sector owing to the increasing number of hotels and restaurants across the globe
- Growing popularity of laundry drying cabinets among homemakers, who are looking for ways to save time and energy on laundry tasks
- Increasing adoption of automated laundry drying cabinets in commercial establishments, such as hospitals, schools, and offices
- Technological advancements that have led to the development of more efficient and user-friendly models
Scope Of The Report
Report Attributes
Report Details
Report Title
Laundry Drying Cabinets Market Research Report
By Type
Vented Pump Drying Cabinets, Heat Pump Drying Cabinets
By Application
Commercial, Residential, Industrial
By Companies
Alliance Laundry Systems, Electrolux, Gorenje, Podab, Whirlpool Corporation, John Morris Equipment Company, Alliance Laundry Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Laundry Drying Cabinets Market Report Segments:
The global Laundry Drying Cabinets market is segmented on the basis of:
Types
Vented Pump Drying Cabinets, Heat Pump Drying Cabinets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alliance Laundry Systems
- Electrolux
- Gorenje
- Podab
- Whirlpool Corporation
- John Morris Equipment Company
- Alliance Laundry Systems
Highlights of The Laundry Drying Cabinets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vented Pump Drying Cabinets
- Heat Pump Drying Cabinets
- By Application:
- Commercial
- Residential
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laundry Drying Cabinets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laundry drying cabinet is a small, enclosed space in which clothes are dried using the sun or air. They are typically found in outdoor spaces such as patios and decks.
Some of the major companies in the laundry drying cabinets market are Alliance Laundry Systems, Electrolux, Gorenje, Podab, Whirlpool Corporation, John Morris Equipment Company, Alliance Laundry Systems.
The laundry drying cabinets market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laundry Drying Cabinets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laundry Drying Cabinets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laundry Drying Cabinets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laundry Drying Cabinets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laundry Drying Cabinets Market Size & Forecast, 2018-2028
4.5.1 Laundry Drying Cabinets Market Size and Y-o-Y Growth
4.5.2 Laundry Drying Cabinets Market Absolute $ Opportunity
Chapter 5 Global Laundry Drying Cabinets Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laundry Drying Cabinets Market Size Forecast by Type
5.2.1 Vented Pump Drying Cabinets
5.2.2 Heat Pump Drying Cabinets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laundry Drying Cabinets Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laundry Drying Cabinets Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laundry Drying Cabinets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laundry Drying Cabinets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laundry Drying Cabinets Analysis and Forecast
9.1 Introduction
9.2 North America Laundry Drying Cabinets Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laundry Drying Cabinets Market Size Forecast by Type
9.6.1 Vented Pump Drying Cabinets
9.6.2 Heat Pump Drying Cabinets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laundry Drying Cabinets Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laundry Drying Cabinets Analysis and Forecast
10.1 Introduction
10.2 Europe Laundry Drying Cabinets Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laundry Drying Cabinets Market Size Forecast by Type
10.6.1 Vented Pump Drying Cabinets
10.6.2 Heat Pump Drying Cabinets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laundry Drying Cabinets Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laundry Drying Cabinets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laundry Drying Cabinets Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laundry Drying Cabinets Market Size Forecast by Type
11.6.1 Vented Pump Drying Cabinets
11.6.2 Heat Pump Drying Cabinets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laundry Drying Cabinets Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laundry Drying Cabinets Analysis and Forecast
12.1 Introduction
12.2 Latin America Laundry Drying Cabinets Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laundry Drying Cabinets Market Size Forecast by Type
12.6.1 Vented Pump Drying Cabinets
12.6.2 Heat Pump Drying Cabinets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laundry Drying Cabinets Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laundry Drying Cabinets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laundry Drying Cabinets Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laundry Drying Cabinets Market Size Forecast by Type
13.6.1 Vented Pump Drying Cabinets
13.6.2 Heat Pump Drying Cabinets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laundry Drying Cabinets Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laundry Drying Cabinets Market: Competitive Dashboard
14.2 Global Laundry Drying Cabinets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alliance Laundry Systems
14.3.2 Electrolux
14.3.3 Gorenje
14.3.4 Podab
14.3.5 Whirlpool Corporation
14.3.6 John Morris Equipment Company
14.3.7 Alliance Laundry Systems
