Cloth Drying Products Market Forecast to 2028 by Size & Share
The cloth drying products market is projected to reach US$ 4,910.54 million by 2028 from US$ 3,697.85 million in 2022. It is expected to grow at a CAGR of 4.8% during 2022-2028.
The demand for cloth drying products has increased due to unpredictable weather conditions. Most people rely on them rather than the sun to dry their clothes after washing because the weather is usually gloomy, forcing them to hang their clothes inside to dry. Additionally, as products with drying products are less expensive and take up less space, consumers benefit from the movement in consumer preferences away from energy-consuming dryers. All these factors are projected to drive the growth of the cloth drying products market during the forecast period.
The cloth drying products market size is projected to witness significant growth in the coming years due to the strong presence of prominent players, such as Inter IKEA Systems B.V., RACKBUDDY, and Addis Housewares Ltd., operating actively across the world. The eco-friendly products have gained significant traction among environment-conscious consumers. There has been a growing trend among consumers toward using eco-friendly products, leading to the cloth drying products market growth. This factor is projected to offer new opportunities to cloth drying product manufacturers during the forecast period.
In 2021, North America held the key share of the global cloth drying products market. However, Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. The Asia Pacific cloth drying product market is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. The laundry industry is one of the booming industries in Asia Pacific due to the construction of small housing units, brought in by rapid urbanization and the increase in demand for small, portable residential goods. Consumers in developing countries are experiencing a sharp increase in their disposable income, raising their purchasing power. Various home products, including cloth drying products, are witnessing a surge in demand. The rising disposable income levels of consumers and the growth of the middle-class population are among the key factors driving the demand for laundry products in the region. Furthermore, this region has a significant demand for eco-friendly cloth drying products.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloth Drying Products Market: Strategic Insights
Market Size Value in US$ 3,697.85 Million in 2022 Market Size Value by US$ 4,910.54 Million by 2028 Growth rate CAGR of 4.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloth Drying Products Market: Strategic Insights
| Market Size Value in | US$ 3,697.85 Million in 2022 |
| Market Size Value by | US$ 4,910.54 Million by 2028 |
| Growth rate | CAGR of 4.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Cloth Drying Products Market
Before the COVID-19 pandemic, the cloth drying products market growth was primarily driven by the rising demand for affordable and durable laundry dryers. Before the COVID-19 pandemic, the demand for cloth drying products was also driven by their flexibility, modern designs, and easy installation. However, the cloth drying products market faced negative impacts of the pandemic during the first quarter of 2020 due to business shutdown and raw material and labor shortages. The COVID-19 pandemic also led to economic recession in the initial months of 2020, which created financial difficulties for low-income and mid-income consumers. Consumers only preferred essential goods, such as groceries and medical products, due to the financial crisis. Thus, with depressed incomes, the demand for nonessential goods decreased, which reduced the profits of many small-scale and large-scale laundry dryer manufacturers.
Moreover, the retailers of nonessential goods were mandated to keep their stores shut during the first few months of the outbreak, negatively impacting the sales of cloth drying products. However, as consumers were stuck inside their homes, they spent time on housework, such as cleaning, cooking, washing clothes and sheets, and gardening. Some consumers also found washing and drying laundry in open air pleasurable as they could spend some time in the garden and open spaces, which positively impacted the sales of laundry drying products.
Market Insights
Benefits of Line Drying Over Machine/Tumble Drying
Line drying of clothes is quite beneficial, especially when compared to machine drying or tumble drying. Tumble dryers use excessive heat to dry out the laundry, which reduces their shine and causes wear and tear to fabrics. Some delicate fabrics get damaged due to excessive heat used by tumble dryers, and the damage caused is sometimes irreversible.
Line drying is gentle on clothes, increasing their life and providing natural shine to the fabrics. It is also helpful in preventing wrinkles and creases on clothes, eventually eliminating the need for ironing. Line dryers or drying racks are much more affordable than machine dryers. Moreover, they require less cost of maintenance than machine dryers.
The use of bleaches and harsh fabric cleaners can be avoided by line drying clothes in sunlight as the sun's ultraviolet (UV) rays act as a natural bleaching agent and kill bacteria and pathogens in the fabrics. Thus, cloth drying products are increasingly being utilized due to factors mentioned above.
Category Insights
Based on product type, the global cloth drying products market is segmented into rotary dryer , wall-mounted dryer, and drying rack. In 2021, the drying rack segment accounted for the largest revenue share, while the wall-mounted dryer segment is expected to account for the highest growth rate over the forecast period. Drying racks are portable, compact, and suitable for small settings. They are suitable for use both indoors and outdoors. Some manufacturers provide wheels to the drying racks to move them easily from one place to another. Drying racks may have one single drying clothesline with foldable legs or foldable wings and legs that provide additional drying space. Drying racks require very small space for storage, making them ideal for small apartments.
Moreover, drying racks are made of durable and sturdy materials that can hold the entire laundry load of a family. Manufacturers of drying racks offer products with contemporary designs that are suitable for modern apartments. The rising urban population and demand for compact and durable laundry drying products are the key factors driving the segment’s growth.
Addis Housewares Ltd.; Brabantia Branding B.V.; Honey-Can-Do International LLC; Freudenberg Home and Cleaning Solutions GmbH; INTER IKEA SYSTEMS B.V.; JOMOO KITCHEN & BATH CO., LTD.; Julu Ltd.; RACKBUDDY; Vale Mill (Rochdale) Ltd.; Juwel; and Leifheit AG are the players operating in the cloth drying products market. These companies provide a wide range of product portfolios for the market. The companies have their presence in developing regions, providing lucrative market opportunities. Market players are developing high-quality, innovative products to meet customer requirements.
Cloth Drying Products Market Report Scope
Report Spotlights
- Progressive industry trends in the cloth drying products market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the cloth drying products market size from 2020 to 2028
- Estimation of global demand for cloth drying products
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook and factors driving and restraining the growth of the cloth drying products market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the cloth drying products market size at various nodes
- Detailed overview and segmentation of the market, as well as the cloth drying products industry dynamics
- Cloth drying products market size in various regions with promising growth opportunities
The "Global Cloth Drying Products Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global cloth drying products market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.
The cloth drying products market is analyzed based on product type, distribution channel, and geography. Based on product type, the global cloth drying products market is segmented into rotary dryer, wall-mounted dryer, and drying rack. Based on distribution channel, the global cloth drying products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.
Company Profiles
Addis Housewares Ltd.; Brabantia Branding B.V.; Honey-Can-Do International LLC; Freudenberg Home and Cleaning Solutions GmbH; INTER IKEA SYSTEMS BV; JOMOO KITCHEN & BATH CO., LTD.; Julu Ltd.; RACKBUDDY; Vale Mill (Rochdale) Ltd.; Juwel; and Leifheit AG are the prominent players operating in the global cloth drying products market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
Rising popularity of wall-mounted dryers is a recent trend in the global cloth drying products market. Wall-mounted cloth dryers are also becoming popular among urban and mid-income consumers owing to their flexibility and affordability. Wall-mounted dryers fit in smaller spaces and can carry a wash load of an entire family. They can be easily installed indoors or on balconies. Moreover, they require less storage space as they are foldable.
Based on the distribution channel, supermarkets and hypermarkets segment accounted for the highest share of the global market in 2021. The manufacturers of cloth drying products usually prefer selling their products through supermarkets and hypermarkets because of heavy customer footfall at such stores.
Based on the segment product type, wall-mounted dryer is expected to be the fastest-growing segment during the forecast period. Wall-mounted dryers are ideal for small spaces such as balconies, small garden areas, or indoor rooms. They are compact and have foldable arms that can be easily closed when not in use.
Benefits of line drying over machine/tumble drying and growing awareness regarding environmental sustainability are drivers of cloth drying products. Line drying of clothes is quite beneficial, especially when compared to machine drying or tumble drying. Using a clothesline dryer, consumers can reduce their carbon footprints and save on electricity bills.
The major players operating in the global cloth drying products market are Addis Housewares Ltd.; Brabantia Branding B.V.; Freudenberg Home and Cleaning Solutions GmbH.; Honey-Can-Do; Inter IKEA Systems B.V.; JOMOO KITCHEN and BATH CO., LTD.; Julu; Juwel; RACKBUDDY; and Vale Mill (Rochdale) Ltd.
In 2021, North America accounted for the largest share of the global cloth drying products market. The growth of the cloth drying products industry is also attributed to the rising number of dual-income households and nuclear families. People are trying to save time and effort and prefer to dry their clothes on indoor drying racks instead of hanging their clothes outside their balconies, which is driving the growth of the laundry products sector in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Cloth Drying Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South and Central America (SAM)
4.3 Expert Opinion
5. Cloth Drying Products Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits of Line Drying Over Machine/Tumble Drying
5.1.2 Growing Awareness Regarding Environmental Sustainability
5.2 Market Restraints
5.2.1 Unfavorable Weather Conditions Hamper Market
5.3 Market Trend
5.3.1 Product Innovation in Cloth Drying Products
5.4 Market Opportunity
5.4.1 Rising Popularity of Wall-Mounted Dryers
5.5 Impact Analysis of Drivers and Restraint
6. Cloth Drying Products – Global Market Analysis
6.1 Cloth Drying Products Market Overview
6.2 Cloth Drying Products Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Cloth Drying Products Market Analysis – By Product Type
7.1 Overview
7.2 Cloth Drying Products Market Breakdown, by Product Type, (2021 and 2028)
7.3 Rotary Dryer
7.3.1 Overview
7.3.2 Rotary Dryer: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wall-Mounted Dryer
7.4.1 Overview
7.4.2 Wall-Mounted Dryer: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Drying Rack
7.5.1 Overview
7.5.2 Drying Rack: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Cloth Drying Products Market Analysis – By Distribution Channel
8.1 Overview
8.2 Cloth Drying Products Market Breakdown, by Distribution Channel, (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Cloth Drying Products Market – Geographic Analysis
9.1 Overview
9.2 North America: Cloth Drying Products Market
9.2.1 North America: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Cloth Drying Products Market, by Product Type
9.2.3 North America: Cloth Drying Products Market, by Distribution Channel
9.2.4 North America: Cloth Drying Products Market, by Key Country
9.2.4.1 US: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Cloth Drying Products Market, by Product Type
9.2.4.1.2 US: Cloth Drying Products Market, by Distribution Channel
9.2.4.2 Canada: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Cloth Drying Products Market, by Product Type
9.2.4.2.2 Canada: Cloth Drying Products Market, by Distribution Channel
9.2.4.3 Mexico: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Cloth Drying Products Market, by Product Type
9.2.4.3.2 Mexico: Cloth Drying Products Market, by Distribution Channel
9.3 Europe: Cloth Drying Products Market
9.3.1 Europe: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Cloth Drying Products Market, by Product Type
9.3.3 Europe: Cloth Drying Products Market, by Distribution Channel
9.3.4 Europe: Cloth Drying Products Market, by Key Country
9.3.4.1 Germany: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Cloth Drying Products Market, by Product Type
9.3.4.1.2 Germany: Cloth Drying Products Market, by Distribution Channel
9.3.4.2 France: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Cloth Drying Products Market, by Product Type
9.3.4.2.2 France: Cloth Drying Products Market, by Distribution Channel
9.3.4.3 Italy: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Cloth Drying Products Market, by Product Type
9.3.4.3.2 Italy: Cloth Drying Products Market, by Distribution Channel
9.3.4.4 UK: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Cloth Drying Products Market, by Product Type
9.3.4.4.2 UK: Cloth Drying Products Market, by Distribution Channel
9.3.4.5 Russia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Cloth Drying Products Market, by Product Type
9.3.4.5.2 Russia: Cloth Drying Products Market, by Distribution Channel
9.3.4.6 Rest of Europe: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Cloth Drying Products Market, by Product Type
9.3.4.6.2 Rest of Europe: Cloth Drying Products Market, by Distribution Channel
9.4 Asia Pacific: Cloth Drying Products Market
9.4.1 Asia Pacific: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Cloth Drying Products Market, by Product Type
9.4.3 Asia Pacific: Cloth Drying Products Market, by Distribution Channel
9.4.4 Asia Pacific: Cloth Drying Products Market, by Key Country
9.4.4.1 Australia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Cloth Drying Products Market, by Product Type
9.4.4.1.2 Australia: Cloth Drying Products Market, by Distribution Channel
9.4.4.2 China: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Cloth Drying Products Market, by Product Type
9.4.4.2.2 China: Cloth Drying Products Market, by Distribution Channel
9.4.4.3 India: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Cloth Drying Products Market, by Product Type
9.4.4.3.2 India: Cloth Drying Products Market, by Distribution Channel
9.4.4.4 Japan: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Cloth Drying Products Market, by Product Type
9.4.4.4.2 Japan: Cloth Drying Products Market, by Distribution Channel
9.4.4.5 South Korea: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Cloth Drying Products Market, by Product Type
9.4.4.5.2 South Korea: Cloth Drying Products Market, by Distribution Channel
9.4.4.6 Rest of Asia Pacific: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Cloth Drying Products Market, by Product Type
9.4.4.6.2 Rest of Asia Pacific: Cloth Drying Products Market, by Distribution Channel
9.5 Middle East & Africa: Cloth Drying Products Market
9.5.1 Middle East & Africa: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East & Africa: Cloth Drying Products Market, by Product Type
9.5.3 Middle East & Africa: Cloth Drying Products Market, by Distribution Channel
9.5.4 Middle East & Africa: Cloth Drying Products Market, by Key Country
9.5.4.1 South Africa: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Cloth Drying Products Market, by Product Type
9.5.4.1.2 South Africa: Cloth Drying Products Market, by Distribution Channel
9.5.4.2 Saudi Arabia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Cloth Drying Products Market, by Product Type
9.5.4.2.2 Saudi Arabia: Cloth Drying Products Market, by Distribution Channel
9.5.4.3 UAE: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Cloth Drying Products Market, by Product Type
9.5.4.3.2 UAE: Cloth Drying Products Market, by Distribution Channel
9.5.4.4 Rest of Middle East & Africa: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East & Africa: Cloth Drying Products Market, by Product Type
9.5.4.4.2 Rest of Middle East & Africa: Cloth Drying Products Market, by Distribution Channel
9.6 South and Central America: Cloth Drying Products Market
9.6.1 South and Central America: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Cloth Drying Products Market, by Product Type
9.6.3 South and Central America: Cloth Drying Products Market, by Distribution Channel
9.6.4 South and Central America: Cloth Drying Products Market, by Key Country
9.6.4.1 Brazil: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Cloth Drying Products Market, by Product Type
9.6.4.1.2 Brazil: Cloth Drying Products Market, by Distribution Channel
9.6.4.2 Argentina: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Cloth Drying Products Market, by Product Type
9.6.4.2.2 Argentina: Cloth Drying Products Market, by Distribution Channel
9.6.4.3 Rest of South and Central America: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Cloth Drying Products Market, by Product Type
9.6.4.3.2 Rest of South and Central America: Cloth Drying Products Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Cloth Drying Products Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Addis Housewares Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Brabantia Branding B.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Honey-Can-Do International LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Freudenberg Home and Cleaning Solutions GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 INTER IKEA SYSTEMS B.V.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 JOMOO KITCHEN & BATH CO., LTD.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Julu Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 RACKBUDDY
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Vale Mill (Rochdale) Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Juwel
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 Leifheit AG
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 17. France Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 31. China Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. India Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East & Africa Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East & Africa Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Middle East & Africa Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of Middle East & Africa Cloth Drying Products Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. South and Central America Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Cloth Drying Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Cloth Drying Products Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South and Central America Cloth Drying Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 58. Glossary of Terms, Global Cloth Drying Products Market
LIST OF FIGURES
Figure 1. Global Cloth Drying Products Market Segmentation
Figure 2. Cloth Drying Products Market Segmentation – By Geography
Figure 3. Global Cloth Drying Products Market Overview
Figure 4. Cloth Drying Products Market, By Product Type
Figure 5. Cloth Drying Products Market, By Geography
Figure 6. Global Cloth Drying Products Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific (APAC): PEST Analysis
Figure 10. Middle East & Africa (MEA): PEST Analysis
Figure 11. South and Central America (SAM): PEST Analysis
Figure 12. Expert Opinion
Figure 13. Cloth Drying Products Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Cloth Drying Products Market
Figure 15. Global: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Cloth Drying Products Market Breakdown, by Product Type, (2021 and 2028)
Figure 17. Rotary Dryer: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Wall-Mounted Dryer: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Drying Rack: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Cloth Drying Products Market Breakdown, by Distribution Channel, (2021 and 2028)
Figure 21. Supermarkets and Hypermarkets: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Specialty Stores: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Retail: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Global Cloth Drying Products Market Revenue Share, by Region (2021 and 2028)
Figure 26. North America: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Cloth Drying Products Market Revenue Share, by Product Type (2021 and 2028)
Figure 28. North America: Cloth Drying Products Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 29. North America: Cloth Drying Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. US: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Cloth Drying Products Market Revenue Share, by Product Type (2021 and 2028)
Figure 35. Europe: Cloth Drying Products Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 36. Europe: Cloth Drying Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 37. Germany: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. France: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Italy: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. UK: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Russia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Europe: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific: Cloth Drying Products Market Revenue Share, by Product Type (2021 and 2028)
Figure 45. Asia Pacific: Cloth Drying Products Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 46. Asia Pacific: Cloth Drying Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 47. Australia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. China: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. India: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Japan: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Asia Pacific: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East & Africa: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East & Africa: Cloth Drying Products Market Revenue Share, by Product Type (2021 and 2028)
Figure 55. Middle East & Africa: Cloth Drying Products Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 56. Middle East & Africa: Cloth Drying Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 57. South Africa: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Saudi Arabia: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. UAE: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Middle East & Africa: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. South and Central America: Cloth Drying Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South and Central America: Cloth Drying Products Market Revenue Share, by Product Type (2021 and 2028)
Figure 63. South and Central America: Cloth Drying Products Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 64. South and Central America: Cloth Drying Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 65. Brazil: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. Argentina: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of South and Central America: Cloth Drying Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Impact of COVID-19 Pandemic on North American Country Markets
Figure 69. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 70. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 71. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets
Figure 72. Impact of COVID-19 Pandemic on South and Central America Country Markets
The List of Companies - Cloth Drying Products Market
- Addis Housewares Ltd
- Brabantia Branding B.V
- Freudenberg Home and Cleaning Solutions GmbH.
- Honey-Can-Do
- Inter IKEA Systems B.V.
- JOMOO KITCHEN and BATH CO., LTD
- Julu
- Juwel
- RACKBUDDY
- Vale Mill (Rochdale) Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For