Cloth Drying Products Market Research Report and Outlook by 2028

The cloth drying products market is anticipated to grow significantly, reaching an estimated US$ 4,910.54 million by 2028, up from US$ 3,697.85 million in 2022. This growth represents a compound annual growth rate (CAGR) of 4.8% from 2022 to 2028.

Several factors are propelling the expansion of the cloth drying products market. One of the primary drivers is the transformation in socio-economic conditions, particularly in developing regions, where rapid economic growth has led to increased disposable incomes. Additionally, urbanization and modern lifestyles are influencing consumer behavior, prompting individuals to seek out innovative products that enhance their daily routines. In urban settings, there is a notable demand for portable drying solutions, as consumers require compact, efficient products that can be easily installed in limited spaces. The need for convenience in drying clothes, especially in smaller living areas, is a significant factor driving the cloth drying product industry.

Consumers are increasingly drawn to advanced drying solutions, such as smart drying products that can automatically retract in response to rain. Innovations like remotely controlled devices and intelligent internal motors that adjust the drying rods to optimize space and efficiency are also gaining traction. The surge in urbanization has led to a remarkable increase in the demand for residential units, which in turn boosts the need for drying products suitable for compact living environments. The rise in disposable income and enhanced lifestyles are crucial elements contributing to the growth of the global laundry sector. Furthermore, the availability of a diverse range of cloth drying products across various retail channels at competitive prices is fueling market demand.

The global cloth drying products market is categorized by product type into rotary dryers, wall-mounted dryers, and drying racks. In 2021, the drying rack segment held the largest share of revenue, while the wall-mounted dryer segment is projected to experience the highest growth rate during the forecast period. Wall-mounted dryers are particularly advantageous for small spaces, such as balconies, compact gardens, or indoor areas. Their compact design and foldable arms allow for easy storage when not in use, and many models provide ample drying space to accommodate the laundry needs of multiple households.

These wall-mounted solutions are especially popular among urban dwellers, where living spaces are often limited. The increasing demand for wall-mounted clotheslines in densely populated cities is expected to further propel the growth of this segment in the coming years.

Geographically, the cloth drying products market is divided into several regions: North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest market share; however, the APAC region is projected to exhibit the highest CAGR during the forecast period.

Within North America, the cloth drying product market is segmented into the United States, Canada, and Mexico. The market is experiencing notable growth due to the increasing demand for compact, portable products suitable for small living spaces. The rise in dual-income households and nuclear families is also contributing to this growth, as consumers seek to save time and effort by utilizing drying products instead of hanging clothes outside. This trend is significantly influencing the laundry industry in the region.

Key players in the cloth drying products market include 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. These companies offer a wide array of products and have established a presence in developing markets, creating significant growth opportunities. They are focused on developing high-quality, innovative solutions to meet evolving customer needs.

The analysis of the global cloth drying products market has been conducted using both primary and secondary research methodologies. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data. Additionally, numerous primary interviews were conducted with industry stakeholders to validate findings and gain deeper insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the cloth drying products sector.