"Assisting You in Establishing Data Driven Brands"
The global laundry dryer market size was valued at USD 12.27 billion in 2024. The market is expected to grow from USD 12.62 billion in 2025 to USD 16.82 billion by 2032, exhibiting a CAGR of 4.18% during the forecast period. North America dominated the laundry dryer market with a market share of 39.61% in 2024.
A laundry dryer, also known as a tumble dryer or clothes dryer, is an appliance that is used to dry wet laundry, particularly bedding, clothing, and other textile products. This appliance works by rotating the wet clothes inside a drum with hot air, which results in evaporating the moisture and removing it through a vent. Furthermore, the surge in hectic lifestyles and the growing consumer spending on modern apartments are the factors that fuel the market growth. Moreover, manufacturers such as LG Electronics, Haier Inc., Whirlpool, and BSH Home Appliances Group are constantly indulging in innovating their product lines and upgrading their technology to stay competitive in the global market.
Increasing Consumer Spending on Home Appliance Products to Drive Market Growth
Surging demand for energy-efficient smart home appliances, growing urbanization, changing lifestyles, and an increase in home renovation are the factors that enhance consumer spending on home appliance products such as refrigerators, washing machines, clothes dryers, and kitchen stoves. The increasing awareness toward sustainability encourages consumers to opt for energy-efficient appliances that help to reduce energy consumption and lower utility bills. Furthermore, the growing middle-class disposable income across countries has resulted in increasing the demand for home appliance products, further driving the global laundry dryer market growth.
Surging Residential Construction Globally to Fuel Market Growth
The residential construction is growing owing to factors such as population growth, infrastructure development, rising income levels, and a surge in government support for affordable housing. According to the United Nations (UN), the world population reached nearly 8.2 billion by mid-2024 and is projected to rise by another two billion over the next 60 years. Furthermore, a large number of individuals are migrating to urban areas, which is leading to an increasing demand for condos, apartments, and other housing types. According to the Government of the U.K., the global urban population is expected to increase in all size classes between 2018 and 2030. In addition, the global rural population is anticipated to fall to 40% by 2030 from 45%, which was recorded in 2018. Thus, the increasing construction of housing units, rising urbanization, and growing population are the key factors that directly boost the demand for tumble dryer products globally.
Increasing Cost of Laundry Dryers to Restrain Market Growth
The laundry dryer cost is growing owing to factors such as increasing manufacturing costs, high tariffs, advanced materials, and high technology & efficiency standards. Furthermore, this dryer includes high replacement and repair costs owing to breakdowns within the warranty period, which also results in increasing the overall cost of the product. The growing manufacturing investment in research and development for producing more quality and durable products further results in enhancing the cost of the final product. Thus, surging manufacturers' investment in research & development, advanced technology, materials, and others results in increasing the overall price of products, which directly results in restricting the market growth.
Growing Technological Advancements in Laundry Dryers to Favor Market Expansion
Increasing technological advancements, such as heat pump technology, ultrasonic drying, smart home integration for remote control and custom cycles, and other energy-efficient features in clothes dryers, drive the global laundry dryer market growth. Additionally, these modern dryers include features such as auto-stop cycles to prevent clothes from over-drying, periodic tumbling to prevent wrinkles, and energy-saving modes to optimize drying time and reduce energy consumption. Furthermore, the availability of smart dryers, which can be controlled through a smartphone, has attracted a large consumer base as it helps users to start, monitor, and adjust cycles from everywhere. Thus, the increasing technological advancements and the growing innovation in the design and shape of clothing dryers further boost the market growth.
Rapidly Fluctuating Raw Material Prices to Limit Market Growth
The continuously changing raw material prices owing to changes in taxation policy, geopolitical conflicts, supply chain disruptions, workforce costs, and others result in enhancing the cost of production, which negatively affects the company's profit margins. Furthermore, the geopolitical tension between countries such as Russia-Ukraine, Israel-Hamas, and China-U.S. trade war will further result in spiking the raw material prices, which results in declining demand and consequently reduces volume sales.
Increase in Online Sales Channels to Boost Market Growth
The consumer inclination toward online sales channels are significantly increasing owing to diversified factors such as growing internet penetration, the convenience of e-commerce shopping, personalized experience, wider product selection, and safer online payment options. The improved logistics, reliable shipping, and return policies have made online shopping more comfortable and reliable. Furthermore, the increasing adoption of technology such as Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR) in e-commerce platforms enhances customer satisfaction, shopping experience, and loyalty toward online shopping, which further boosts market growth. E-commerce also helps businesses reduce operational costs, gaining insights related to consumer preferences, purchase patterns & preferences. Additionally, it helps to enhance consumer reach in a short period, which further results in accelerating product demand.
The sudden outbreak COVID-19 pandemic has negatively impacted the global clothes dryer market. The implementation of lockdown facilities, closure of manufacturing units, lack of raw materials, restriction on import & export of products, and shortage of labor are the factors that restricted the market growth. Furthermore, the temporary closure of offline distribution channels such as electronics stores, supermarkets, and hypermarkets affected product sales, most notably in 2020.
Growing Popularity of Energy-Saving Laundry Dryers Will Boost Electric Segment’s Growth
Based on product type, the market is divided into gas and electric.
The electric segment leads the global market owing to its time-saving features, convenience, and the desire for energy-saving smart home technology appliances. Furthermore, electric dryers are available with various tailor-made settings for different fabrics. This ensures that clothes are handled with care, resulting in reduced wear and tear compared to potential damage caused by extended exposure to harsh sunlight.
The gas segment is expected to record the highest CAGR during the forecast period. The demand for gas tumble dryers is growing owing to several factors, such as fast drying, lower operating cost, and greater energy efficiency. The faster and more intense heat of the gas dryer helps reduce wrinkles & shrinking and also prevents dry clothes from tearing, which further boosts product demand.
To know how our report can help streamline your business, Speak to Analyst
Growing Disposable Income and Increasing Housing Construction to Boost Residential Segment’s Growth
Based on application, the market is segmented into residential and commercial.
The residential segment is anticipated to account for the largest market share during the forecast period. Surging housing construction, increasing disposable income, growing hectic lifestyle of individuals, increasing consumer interest toward smart home appliances, and rising awareness toward personal hygiene, especially in developing countries, are the key factors driving the segment’s growth.
The commercial segment is projected to grow at a CAGR of 4.92% during the forecast period. Commercial places such as hotels, restaurants, hospitals, and laundromats handle large volumes of laundry, which requires high-capacity dryers that directly results in boosting product demand. Furthermore, the growing commercial infrastructure, including hotels, hospitals, and other facilities globally, boosts market growth.
Retail Outlets/Offline Segment Leads Global Market Owing to Increasing Number of Physical Stores
Based on distribution channel, the market is divided into retail outlets/offline and e-commerce/online.
The retail outlets/offline segment holds a major laundry dryer market share owing to the growing number of physical outlets such as convenience stores, brand outlets, and hypermarkets globally. For instance, in January 2025, Walmart, a U.S.-based omnichannel retailer, announced an investment of USD 4.51 billion for building new stores and expanding its supply chain in Canada.
The e-commerce/online segment is projected to record the highest CAGR during the laundry dryer market forecast period. The trend of online shopping has significantly increased owing to a surge in the adoption of smartphones and high internet availability, especially in developing countries. Furthermore, online shopping provides high discounts, additional coupons, and price & product comparison features to attract a large consumer base.
Geographically, the global laundry dryer market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
North America Laundry Dryer Market Size, 2024 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
North America dominates the market on account of increasing government investment in infrastructure, growing urbanization, and the rising demand for luxury homes. Furthermore, the inclusion of high-tech technologies such as heat pumps & sensor-based drying cycles, remote control options, and Wi-Fi connectivity are the factors fueling the product demand.
The U.S. is the most prominent country in the region, owing to surging housing construction and increasing consumer spending on high-tech home appliance products. According to the U.S. Census Bureau, the single–family construction spending has grown by 1% in February 2025.
Request a Free sample to learn more about this report.
Europe region is expected to rise with a significant CAGR over the forecast period. Growing disposable income, increasing working population, and the surge in hectic lifestyles are the factors driving the market growth. In this region the majority of the population lives in urban areas, especially in smaller homes or apartments where the outdoor drying space is limited, which directly results in boosting the demand for tumble dryer products.
The demand for clothing dryers is growing in the Asia Pacific region owing to factors, such as increasing population, urbanization, limited space in micro-apartments, and the surge in consumer inclination towards the adoption of smart home appliance products. According to Worldometer, the Indian population is growing by approximately 0.89% annually. Furthermore, surging consumer awareness toward personal hygiene further boosts the demand for clothes dryers.
South America is rising at a considerable rate owing to increasing online sales, surging digital payment options, increasing smartphone adoption, and improving internet penetration in Brazil, Argentina, Peru, and Colombia. According to the International Trade Administration, U.S. Department of Commerce, in 2022, Argentina experienced e-commerce growth of 87%. Furthermore, the easy availability of vented dryers and condensed dryers for drying clothes smoothly further drives the market growth.
The Middle East & Africa is expected to experience a substantial CAGR over the forecast period. Increasing adoption of social media advertisement by manufacturers such as Panasonic Corporation, LG Electronics, and Haier Inc., for reaching a wider audience, attracting potential customers, and improving brand visibility, boosts market growth.
Key Players Focusing on Geographic Growth to Strengthen Their Presence
Growing competition among prominent players has encouraged them to improve their strong brand loyalty and presence to stay competitive. The leading players in the market are aiming to launch new product offerings and enhance their product reach across countries to remain competitive in the national and international markets.
The report provides a detailed market analysis and focuses on key aspects, such as competitive landscape, companies’ market share, market dynamics, regional analysis, product type, application, and distribution channel. Besides this, it offers insights into various tumble dryer market trends and highlights key industry developments. In addition to the factors mentioned above, the market report encompasses several other factors that have contributed to the growth of the market in recent years.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE |
DETAILS |
Study Period |
2019-2032 |
Base Year |
2024 |
Estimated Year |
2025 |
Forecast Period |
2025-2032 |
Historical Period |
2019-2023 |
Growth Rate |
CAGR of 4.18% from 2025 to 2032 |
Unit |
Value (USD Billion) |
Segmentation |
By Product Type
|
By Application
|
|
By Distribution Channel
|
|
By Region
|
Fortune Business Insights says that the market size was valued at USD 12.27 billion in 2024 and is projected to reach USD 16.82 billion by 2032.
In 2024, the North America market value stood at USD 4.86 billion.
Recording a CAGR of 4.18%, the market will exhibit steady growth over the forecast period.
Based on product type, the electric segment is leading the market.
An increase in consumer spending on home appliance products is the key factor driving the market.
LG Electronics, Haier Inc., Whirlpool, BSH Home Appliances Group, and others are the major players in the market.
North America dominated the market in terms of share in 2024.
A surge in residential construction worldwide is expected to drive the adoption of this product.
Related Reports
US +1 833 909 2966 ( Toll Free )