Household Clothes Steamers and Dryers Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR46457
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The household clothes steamers and dryers market has the potential to grow by USD 1.03 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.64%.

This household clothes steamers and dryers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (clothes dryers and clothes steamers), distribution channel (offline and online), and geography (North America, Europe, APAC, MEA, and South America). The household clothes steamers and dryers market report also offers information on several market vendors, including Conair Corp., Electrolux AB, Haier Smart Home Co. Ltd., IFB Industries Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp. among others.

What will the Household Clothes Steamers and Dryers Market Size be in 2021?

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Household Clothes Steamers and Dryers Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The product innovation leading to product premiumization is notably driving the household clothes steamers and dryers market growth, although factors such as fluctuations in raw material costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the household clothes steamers and dryers market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • Product innovation leading to product premiumization is a key driver augmenting the growth of household clothes steamers and dryers market.
  • In the global household clothes steamers and dryers market, clothes dryers generally fall under the premium category.
  • One of the latest technologies in home appliances is smart connectivity. For instance, clothes dryers can now be connected easily with smartphones or tablets using wireless technologies such as Wi-Fi. 
  • Clothes dryers with smart connectivity are highly-priced due to the use of the latest integrated technology. Similarly, in clothes steamers, vendors are providing new innovations in products, which increases the price.
  • The improvement in living standards and the increasing expenditure on products with the latest technology propel the demand for new innovated products. Thereby, driving the market growth.
  • Rising awareness of dust mites-free and allergen-free clothing is another key driver augmenting the household clothes steamers and dryers market.
  • Health complications such as asthma and allergies are caused due to the presence of dust mites that usually thrive in humid temperatures. A major source of exposure to dust mites is bedsheets and other clothes.
  • Dust mites are not easily visible to naked eyes but can be present in millions of numbers, which can cause severe infections and allergies.
  • To avoid the chance of health problems due to dust mites, customers are adopting clothes steamers and dryers. Hence, there is a rising demand for clothes steamers and dryers in the market.

This household clothes steamers and dryers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Household Clothes Steamers and Dryers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Conair Corp.
  • Electrolux AB
  • Haier Smart Home Co. Ltd.
  • IFB Industries Ltd.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Whirlpool Corp.

 

This statistical study of the household clothes steamers and dryers market encompasses successful business strategies deployed by the key vendors. The household clothes steamers and dryers market is fragmented and the vendors are deploying growth strategies such as coming up with smart connected home appliances including clothes dryers to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The household clothes steamers and dryers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Household Clothes Steamers and Dryers Market?

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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for household clothes steamers and dryers market in North America. Market growth in this region will be slower than the growth of the market in APAC.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Household Clothes Steamers and Dryers Market?

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The household clothes steamers and dryers market share growth by the clothes dryers segment will be significant during the forecast period. Clothes dryers are home appliances that help in removing moisture from clothes. Such clothes dryers are largely used in cold regions where drying clothes naturally is less feasible. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the household clothes steamers and dryers market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Household Clothes Steamers and Dryers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive household clothes steamers and dryers market growth during the next five years
  • Precise estimation of the household clothes steamers and dryers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the household clothes steamers and dryers market industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of household clothes steamers and dryers market vendors

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Household Clothes Steamers And Dryers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 1.03 billion

Market structure

Fragmented

YoY growth (%)

8.82

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, China, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Conair Corp., Electrolux AB, Haier Smart Home Co. Ltd., IFB Industries Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Clothes dryers - Market size and forecast 2020-2025
    • Clothes steamers - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Conair Corp.
      • Electrolux AB
      • Haier Smart Home Co. Ltd.
      • IFB Industries Ltd.
      • Koninklijke Philips NV
      • LG Electronics Inc.
      • Panasonic Corp.
      • Robert Bosch GmbH
      • Samsung Electronics Co. Ltd.
      • Whirlpool Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The household clothes steamers and dryers market growth will increase by $600.29 million during 2019-2024.
      The household clothes steamers and dryers market is expected to grow at a CAGR of 4.23% during 2019-2024.
      Technavio has segmented the household clothes steamers and dryers market by product (Clothes dryers and Clothes streamers) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, MEA, and South America).
      Conair Corp., Electrolux AB, Haier Smart Home Co. Ltd., IFB Industries Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Whirlpool Corp. are a few of the key vendors in the household clothes steamers and dryers market.
      North America will register the highest growth rate of 35.86% among the other regions. Therefore, the household clothes steamers and dryers market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the household clothes steamers and dryers market growth are:
      • Product innovation leading to product premiumization
      The household clothes steamers and dryers market vendors should focus on grabbing business opportunities from the clothes dryers segment as it accounted for the largest market share in the base year.
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