Global Commercial Dryer Market 2016-2020

Global commercial dryer market forecast

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.

Competitive landscape and key vendors

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 

• Alliance Laundry Systems
• Dexter Apache Holdings
• Continental Girbau
• Electrolux
• Whirlpool

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.

Product segmentation and analysis of the commercial dryer market

• Electric dryer

• Gas dryer

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.

Geographical segmentation and analysis of the commercial dryer market

• APAC
• Europe
• North America
• ROW

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.

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 commercial dryer market?
• What are the key market trends impacting the growth of the global commercial dryer market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial dryer market?
• What are the market opportunities and threats faced by the vendors in the global commercial dryer market?
• What are the 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 commercial dryer market?

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

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