Global Gas Dryer Market 2016-2020

Gas dryer market forecast

According to Technavio’s market research analysts, the global gas dryer market will witness steady growth and will post a moderate CAGR of more than 4% over the forecast period. Gas clothes dryers are being increasingly used in households to complement washing machines. The most favorable feature of gas dryers is its fast drying cycle, which is resilient to weather conditions. Gas dryers are convenient to use as most of them are equipped with moisture sensors to analyze the moisture content in the clothes, thereby, preventing clothes from being exposed to unnecessary heat.

Moreover, the dryer shuts down once the clothes are dry, which not only reduces energy consumption but also retains the quality of the fabric. With various types of dryers available in the market, consumers have the option to choose the product that is best suited for them, which will lead to this market’s growth in the coming years.

Gas dryer market trends

One of the recent trends contributing to the growth of this market is the increasing investments in R&D and advertising by gas dryer manufacturers. The vendors are conducting R&D activities to devise methods, which help them reduce the cost of the expansion, storage, and maintenance of inventory. Also, changes in consumer preferences are compelling vendors to introduce innovative gas dryers with high energy efficiency to stay competitive in the global market. Moreover, the majority of vendors are also focusing on improving their advertising campaigns, incorporating methods such as digital marketing, to increase awareness of their offerings and promotional campaigns among consumers.

Gas dryer market statistics based on key vendors

The global gas dryer market is dominated by a few key players from the home appliances industry. The market is fairly concentrated with the top five players holding major shares in the market, and it is witnessing increased consolidation with the increase in competition. Due to the influx of private labels in the market, it has become imperative for the vendors to distinguish their products and service offerings through a clear and unique value proposition in an intensely competitive environment.

Key vendors in the gas dryer market

• Electrolux
• GE
• LG
• Samsung
• Whirlpool

Gas dryer market growth based on geographical segmentation 

• APAC
• Europe
• North America
• ROW

In terms of geography, North America was the market leader and is expected to hold more than 46% of the revenue market shares by 2020. Factors such as the advent of advanced Energy Star gas dryers will drive this market’s growth in the region. Energy Star certifications will attract customers who do not want to compromise on energy efficiency and quality of their dryers. Also, vendors are experimenting with their offerings to introduce smart gas dryers, which will be Wi-Fi enabled and will notify the user about the progress of a load of clothes in a dryer. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global gas dryer market?
• What are the key market trends impacting the growth of the global gas dryer market?
• What are the challenges to market growth?
• Who are the key vendors in the global gas dryer market?
• What are the market opportunities and threats faced by the vendors in the global gas dryer market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global gas dryer market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Electric Hand Dryer Market 2016-2020
• Global Industrial Dryers Market 2016-2020
• Global Laundry Care - Market Research 2015-2019
• Global Fabric Conditioner Market 2015-2019
• Washing Machine Market in the US 2016-2020