Global Laundry Drying Cabinets Market 2018-2022
About Laundry Drying Cabinets
Cabinets used to dry wet and washed clothes, and previously-worn (unwashed) clothes are called laundry drying cabinets. They are operated by the vented drying and heat pump drying technology. Few of the cabinets also have steaming features.
Technavio’s analysts forecast the global laundry drying cabinets market to grow at a CAGR of 5.52% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global laundry drying cabinets market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laundry Drying Cabinets Market 2018-2022
Technavio recognizes the following companies as the key players in the global laundry drying cabinets market: Alliance Laundry Systems, Electrolux, Gorenje, PODAB, and Whirlpool Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising online sales of laundry drying cabinets. In developed regions like the Americas and Europe, the online distribution network had attained a significant growth momentum by 2016. The US, Germany, the UK, and France will generate huge sales online by the end of the forecast period.”
According to the report, one driver in the market is increased category demand from commercial sector. The demand for laundromats and commercial laundry service has undergone a significant increase as consumers in metro cities do not have time to wash and dry their clothes by themselves.
Further, the report states that one challenge in the market is fluctuations in cost of raw materials. Raw materials used in the manufacture of laundry drying cabinets include metal, aluminum, clothe hangers, condensers, compressors, and fans to circulate air inside the cabinet.
Alliance Laundry Systems, Electrolux, Gorenje, PODAB, and Whirlpool Corporation.
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