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The Global Household Laundry Care Cabinets Market size is forecast to increase by USD 104.14 million at a CAGR of 7.9% between 2022 and 2027. The market experiences growth driven by key factors. Technological innovation and portfolio expansion elevate product standards, driving premiumization within the market. Increasing awareness of dust mites-free and allergen-free clothing emphasizes the importance of laundry care cabinets in maintaining hygiene. Additionally, the value-added features of drying cabinets, such as energy efficiency and advanced drying technologies, further fuel market demand. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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 segment and was valued at USD 155.96 million in 2017. 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 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends 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 2022. 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 a significant growth driven by the increasing demand for clothing drying and cleaning cabinets, which offer washing, drying, and ironing functionalities, particularly in the fast-moving consumer goods (FMCG) sectors. With a focus on sustainability, there's a rising preference for bio-based, organic, and eco-friendly ingredients in both commercial and household segments. This trend is further propelled by the expansion of product portfolios to include environmentally friendly and sustainable options, available in the online retail space. Urbanization and rising disposable incomes contribute to the market's expansion, as consumers become more health-conscious and environmentally aware, shaping current and upcoming trends in sustainable laundry care products. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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 growth of the global market during the forecast period.
Fluctuations in the cost of raw materials are a challenge that affects the growth 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.
Global Household Laundry-Care-Cabinets Market 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 Global Household Laundry Care Cabinets Market is experiencing significant growth driven by the increasing demand for innovative solutions in laundry care. These cabinets, designed for Clothing drying and cleaning, offer a convenient and efficient way to handle washing, drying, and ironing processes. Stemming from the Industrial Revolution, this market intersects with the realm of Fast-moving consumer goods (FMCG), particularly Home care products. Consumers are increasingly favoring Bio-based, organic, and eco-friendly laundry solutions, reflecting a broader trend towards Environmentally friendly and sustainable products. With rising Urbanization and infrastructure improvements, there's a growing emphasis on Health awareness and Public awareness regarding the health risks associated with conventional laundry practices, driving the demand for safer and more sustainable alternatives. As the market continues to evolve, current and upcoming trends indicate a promising future for sustainable laundry care solutions.
The market is witnessing significant growth fueled by various factors. The increasing environmental awareness is driving the demand in both Commercial and household segments. Moreover, Technological advancement has led to the emergence of innovative solutions, expanding the Online retail space for laundry care cabinets. Rising Consumer demand and Rising disposable income further contribute to market growth, prompting companies to focus on Product portfolio expansion with offerings such as Sustainable laundry care products, Organic laundry products, and Biodegradable substances like Coconut oil, Natural washing soda, and Enzymes.
As the market evolves, players like G&E Automatic Equipment, Gorenje, and Whirlpool Corporation are adopting Data-driven research and Pricing strategies to navigate Global competitive dynamics and capitalize on New avenues for revenue generation. This dynamic market landscape is characterized by Market methods, Businesses, and Product range, emphasizing the importance of Primary and secondary data collection data to understand Regional level dynamics and anticipate Potential shortages or Issues. With these solutions becoming integral to households globally, it's crucial for stakeholders to monitor Important industries, Macroeconomic pointers, Principal market trends, End-user market information, and Channel features to stay competitive amidst a wide array of Key players offering solutions like Standalone Household Laundry Care Cabinets and Wall-Mounted Household Laundry Care Cabinets both in Online Retail and Offline Retail channels.
This market growth and trends report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Household Laundry-Care Cabinets Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.9% |
Market growth 2023-2027 |
USD 104.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.06 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, Whirlpool Corp., and A and T Cabinet Makers |
Market dynamics |
Market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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. |
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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 Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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