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The Household Laundry Care Cabinets Market size is forecast to increase by USD 126.7 million, at a CAGR of 8.82% between 2023 and 2028. The market is experiencing significant growth, driven by technology innovation and portfolio extension, leading to product premiumization. This trend is evident as manufacturers invest in advanced features such as smart technology, increased capacity, and improved design to cater to evolving consumer preferences. Furthermore, the rise of online sales is transforming the market landscape, offering convenience and accessibility to customers. However, fluctuations in the cost of raw materials pose a challenge to market growth. Manufacturers must navigate these price volatilities to maintain profitability while continuing to innovate and meet consumer demands. In summary, the market is witnessing growth, fueled by technology advancements and changing consumer behavior, while facing challenges related to raw material costs.
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The offline segment is estimated to witness significant growth during the forecast period. Offline sales channels include physical or fixed stores of suppliers, dealers, and specialty stores. Specialty stores offer a pleasant shopping experience by stocking products in a specific category or products related to that category. The global market is in a growth stage and many consumers are unaware of this technology. Therefore, consumers would like to have a sales representative provide a technical explanation of the product and help with installation.
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The offline segment was the largest and was valued at USD 164.20 million in 2018. Offline channels include specialty stores, hypermarkets, supermarkets, and convenience stores, as well as clubhouse shops and department stores. Additionally, retailers are introducing new stores and retail strategies, such as competitive prices and wide assortments, to survive the fierce competition and attract customers who shop offline. The increase in retail channels across different regions has increased end-user awareness of different types of home linen care cabinets. Global sales of household linen care cabinets are expected to grow during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. In North America, the US was the top country with the highest market share in 2023. The remains of the market share came from countries such as Canada, Mexico, and others. Moreover, one of the prime reasons for the growth in the market in the US was the high inclination toward home advancement and the growth of the housing market in the country. The millennial people in the US were growing year-over-year and were nearly one-third of the total population in 2021. The expansion in this demographic will drive the growth of the market during the forecast period.
The market is witnessing significant growth due to the increasing demand for convenient and space-saving laundry solutions. The Industrial Revolution brought about the invention of the Washing machine and Tumble dryer, revolutionizing the way clothes were cleaned and dried. Today, the market is driven by the demand for Fast-moving consumer goods (FMCG) and the changing preferences of Millennials towards eco-friendly and organic products with Bio-based and organic ingredients. Technology advancement is another key factor fueling the growth of the market. The integration of value-added features such as dust mites-free and allergen-free clothing, energy efficiency, and home automation are attracting consumers.
In summary, the market is poised for growth, driven by consumer preferences, technology advancements, and the increasing demand for convenient and eco-friendly laundry solutions. The market is expected to witness significant portfolio expansion, premiumization of products, and integration of home automation technology.
Rising awareness of dust mites-free and allergen-free clothing is the key factor driving the market's growth. The burgeoning awareness of dust mites-free and allergen-free clothing stands out as the primary driver behind the market's growth trajectory. Health concerns such as asthma and allergies often stem from the presence of dust mites, which thrive in humid environments and are primarily found in bed linen and clothing. Despite being imperceptible to the naked eye, these mites can proliferate in large numbers, posing significant risks of infections and allergic reactions. In response to these health hazards, consumers are turning to clothing drying and cleaning cabinets equipped with closed drying processes, incorporating heat pumps and ventilation technology. These cabinets play a crucial role in eliminating allergens and dust mites, thereby mitigating potential health issues. Consequently, the rising awareness of dust-mite-free and allergen-free clothing is poised to drive growth within the global market during the forecast period.
Furthermore, this trend aligns with the growing emphasis on sustainable and environmentally friendly products in both commercial and household segments. With an expanding product portfolio focusing on bio-based, organic, and eco-friendly ingredients, manufacturers are catering to the evolving demands of consumers in the fast-moving consumer goods (FMCG) sector. Additionally, the increasing penetration of online retail platforms, coupled with rising disposable income and urbanization, further amplifies the accessibility and visibility of sustainable laundry care products. This reflects a broader shift in public awareness toward health-conscious choices, shaping current and upcoming trends in the household laundry care industry.
The rise in focus on energy efficiency is the primary trend shaping the growth of the market. Many market players are investing significant amounts of money into developing energy-efficient laundry care cabinets. These cabinets are more energy efficient than clothes dryers and this is the main reason why laundry cabinets are becoming more popular among home consumers. These cabinets are equipped with fan systems and various other controls, making them very energy efficient.
Furthermore, moisture sensors allow some controls and programs to automatically stop when the product is dry. These technological innovations and energy efficiency are increasing the demand for these products and are expected to positively impact the market growth and trends market during the forecast period.
Fluctuations in the cost of raw materials are a challenge that affects the development of the market. The raw materials utilized are metal, aluminum, hangers, condensers, compressors, and fans to circulate the air inside the cabinet. Rising metal prices and the addition of smart connected technologies and programs can impact profit margins for manufacturers and distributors and ultimately lead to higher costs for end users.
In some cases, market players may increase the price of these devices. However, product innovations that lead to product awards also lead to higher prices. Therefore, the introduction of new technologies is essential for manufacturers to compete in the market. Rising prices of raw materials such as hardware and software have increased overall costs and reduced profit margins, which may impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Dryer: The company offers household laundry care cabinets that will give you extra storage space and add more shelf space.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is witnessing significant growth due to the Technology advancement and Portfolio expansion strategies adopted by Active and Innovator companies. The Industrial Revolution brought about the introduction of Washing machines and Tumble dryers, transforming the way we care for our Clothing drying needs. Fast-moving consumer goods (FMCG) companies are focusing on the Premiumization of products by introducing eco-friendly ingredients, such as Bio-based and organic, to cater to the demands of Millennials. Household laundry care cabinets are no exception, with Dust mites-free and allergen-free clothing features becoming increasingly popular.
Additionally, value-added features like energy efficiency and Rising online sales are also driving the market's growth. Technology innovation, Product Innovation, and Product features are essential for companies to stay ahead. Emerging companies are also making their mark through Acquisitions and Inorganic Growth strategies. Promotions and Energy efficiency are key areas of focus for these players to attract customers and gain market share. Overall, the market is poised for continued growth in the coming years.
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Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.82% |
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Market growth 2024-2028 |
USD 126.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.51 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 35% |
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Key countries |
US, Germany, Canada, China, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
A and T Cabinet Makers, AB PODAB, Allson Kitchens, American Dryer, Electrolux Professional AB, G and E Automatic Equipment Ltd., H and H Cabinets, Hisense International Co. Ltd., Inter IKEA Holding BV, LG Electronics Inc., MasterBrand Cabinets Inc., Nimoverken AB, OSMA Trockensysteme GmbH, Pellerin Milnor Corp., Simpli Home Ltd, Staber Industries Inc., SUPERSHINE LAUNDRY SYSTEMS PVT. LTD, The RTA Store Inc., V-Zug Holding AG, and Whirlpool Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Market Segmentation by Technology
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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