Enjoy complimentary customisation on priority with our Enterprise License!
According to the commercial dryer industry analysis, Technavio’s market research analysts have predicted that the commercial dryer market will grow steadily and post a CAGR of more than 4% during the forecast period. The growing need for energy-efficient electric dryers is one of the primary reasons propelling the growth prospects for the commercial dryer market. Over the recent years, consumers are increasingly opting for energy-efficient dryers that prevent energy wastage and save money on utility bills. This has led to the majority of manufacturers introducing many energy-efficient commercial dryers in the market, for instance, the Commercial Laundry Energy Advantage 75-Pound on-premises dryers from Maytag include 100% axial airflow. This feature allows warm air to pass directly through the load, speeding up the drying process and significantly reducing energy usage. Moreover, most modern energy-efficient dryers come with moisture sensor bars that measure the dampness level of the load, which prevents over-drying and energy wastage. Also, government authorities offer considerable rebates on ENERGY STAR certified commercial dryers, leading to their augmented adoption over the next four years.
One of the recent trends gaining significant traction in the market is the increasing demand for heat pump technology. Heat pump condenser dryers address the issue of high energy consumption faced by dryer manufacturers. These dryers use half the amount of electricity consumed by air condenser dryers. While heat pump dryers have a widespread presence in the European market, it has only entered the US market in 2014 as the running costs of heat pump dryers are nearly 60% lower than that of conventional electric dryers. Furthermore, the improvement in value-added features of heat pump dryers will contribute to this market’s growth during the predicted period.
The global commercial dryer market is partially fragmented because of the presence of several small- and medium-sized players in the market. The increasing focus on R&D activities and investments by the market leaders ensure that product innovation is always the top priority. Although the top five vendors cater to the majority of the market, private labels are launching their commercial dryers at a lower price in an attempt to use sales volumes to gain market shares. This has led to the entry of several new vendors in the market.
Key vendors in this market are
Other prominent vendors in the market include BÖWE Textile Cleaning, G.A. Braun, GE, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery, Stahl Wäschereimaschinen, and Stefab.
Based on the commercial dryer market statistics, the electric dryer segment is the highest revenue contributing segment and will continue to lead the market over the next four years. Electric dryers use steam to remove wrinkles and odor from clothes and prevent wear and tear. Eco-monitors with LCD screens monitor the energy used and efficiency of the dryer and alerts the user. Also, electric dryers have a self-cleaning functionality so that the dryer is cleaned with condensed water. Additionally, this technology will prevent the accumulation of lint and reduce energy consumption as lint accumulation is one of the major causes of fires involving dryers.
In terms of geography, Europe dominated the global commercial dryer market and is likely to lead the market until the end of 2020. The growth of this market in the region is attributed to the high penetration of laundromats, on-premises laundry, and other types of public laundry services available in the region. Moreover, a proliferating tourism industry in Europe will lead to an increasing demand for hotel rooms, which will also aid in this market’s growth in Europe in the future.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.