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Cloth Drying Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel

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    Report

  • 140 Pages
  • July 2022
  • Region: Global
  • The Insight Partners
  • ID: 5646845
UP TO OFF until Jun 30th 2024
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 growth of the cloth drying products market is driven by the shift in socio-economic conditions due to rapid economic development and the high disposable income of people in developing regions. Moreover, rapid urbanization, modern lifestyle, and consumer spending capacity are changing their overall shopping habits. Now, they look forward to buying innovative products in their daily life. In many urban areas, the growing need for portable drying products results from the growing demand for compact, effective, and efficient products that can readily be installed in a smaller space. One of the main drivers of the cloth drying product industry is the rising need for convenience when drying clothing in small spaces.

People prefer innovative products, such as smart drying products that automatically retract in the event of rain. Similar to this, the newest technologies that open up new business chances for expanding the drying products market include remotely controlled products and intelligent internal motors that enable drying products to move the rods to dry the clothes. With expanding urbanization, demand for residential housing units surged at phenomenal rates. The number of dwelling units is anticipated to increase the demand for drying products in small spaces. Rising disposable income and improving lifestyles are the key factors driving the growth of the global laundry industry. Moreover, the increasing demand for cloth drying products is attributed to the availability of various products at multiple retail channels at affordable prices.

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. 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. Many wall-mounted dryers have enough drying space to hold the entire wash load of 2 families.

Moreover, they are suitable for large laundry items. Wall-mounted dryers are commonly preferred by people living in urban areas and metro cities, where apartments and living spaces are compact. The rising demand for wall-mounted clotheslines in urban cities due to lack of space is expected to drive the segment’s growth over the forecast period.

By region, the cloth drying products market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the market. However, APAC is estimated to register the highest CAGR in the market during the forecast period.

The North America cloth drying product market is segmented into the US, Canada, and Mexico. The cloth drying product market is growing significantly due to a demand for small, portable products that can be used in compact spaces. The growth of the cloth drying products market 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 drying products instead of hanging their clothes outside their balconies, which is driving the growth of the laundry industry in the region.

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 growth opportunities. Market players are developing high-quality, innovative products to meet customer requirements.

The size of the global cloth drying products market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the cloth drying products market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Publisher
12.2 Glossary of Terms

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.

Table Information