The scope of our recent study, titled ""Cloth Drying Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Rotary Dryer, Wall-Mounted Dryer, and Drying Rack), Distribution Channel (Supermarket and Hypermarkets, Specialty Stores, Online Retail, and Others), and Geography,"" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

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 market for cloth drying products is witnessing high demand due to increasing urbanization and the increased number of ergonomically designed products available in the market. As people have started adopting compact habitats, such as studio apartments, the demand for compressible products has also increased. Cloth drying products, such as drying racks and wall-mounted dryers, are foldable and, thus, beneficial to use without consuming too much space.

Cloth drying product manufacturers are constantly innovating to meet endlessly evolving consumer trends. They are launching technologically advanced products to attract tech-savvy consumers. For instance, in April 2020, Xiaomi, one of the leading technology groups in Hong Kong, launched a new line of retractable clothesline dryers, named Xiaomi Mijia Smart Clothes Dryer, with voice assistance, automated deployment, and integrated LED lights. These retractable dryers can sustain a weight of 35 kg of wet clothes. The product uses voice assistant technology by which consumers can adjust the height of the clothesline according to their convenience. The integrated LED lighting system adjusts the light depending on the surrounding light. Such technologically advanced products are expected to gain immense popularity among consumers, especially the youth.

Similarly, in March 2019, Bespoke Marketing, a Canada-based company, launched the NuBreeze cloth drying rack with COOL AIR technology, claiming that it dried clothes twice as fast as the regular drying rack and used 3 times less energy as compared to a 100-Watt light bulb. The rack consumes 95% less energy than a tumble dryer, making it highly sustainable. The device consists of curved air flaps that evenly distribute air across clothes loaded on the rack. Moreover, the drying rack can load up to 20 kg of wet clothes and is also suitable for delicate fabrics. Such innovative cloth drying products are expected to gain significant momentum in the coming years.

Manufacturers are also innovating the design of cloth dryers, keeping their consumers' convenience in mind. For instance, in June 2020, Lifestyle Clothesline launched a new range of products under the brand name Hills Hoist Clothesline in the Australian market. This new line of cloth dryers comprises folding and rotating dryers, fixed models, wall-mounted clotheslines, retractable and extending units, portable clotheslines, and clothes airer. All these products under the new brand line have modern structural designs that cater to various consumer requirements. Such an extensive range of products with different usage and unique features is expected to attract a large group of consumers in the near future. Thus, the availability of innovative products has significantly contributed to the cloth drying products market.

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 is expected to account for the highest growth rate over the forecast period. Many manufacturers are offering various products under the wall-mounted segments, which can be easily fitted in the apartment or balcony and folded back onto the wall when not in use. For instance, Honey-Can-Do also offers a wall-mounted drying rack with arms that fold flat when not in use. These dryers are specially designed with materials that match any home décor or interiors and look inconspicuous when not in use. Such flexible designs of wall-mounted dryers are further enhancing their popularity among consumers.

Thus, the rising popularity of wall-mounted dryers is expected to drive the growth of the cloth drying products market over the forecast period.

The global cloth drying products market is segmented into 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2021, North America accounted for the largest share of the market. The market in Asia Pacific is expected to grow at the highest CAGR over the forecast period. Some APAC countries, such as China and India, have the world's fastest-growing populations. The overall consumer market is growing rapidly in the region, partly due to the rising middle class and increased purchasing power. Moreover, the region has witnessed a rapid expansion of numerous big retail chains, which is bolstering the demand for cloth drying products.

Impact of COVID-19 Pandemic on Cloth Drying Products Market

With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movements. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, convenience, and specialty stores, declined the demand for cloth drying products, which, in turn, restrained the cloth drying products market. During the initial stages of the COVID-19 pandemic, cloth drying product manufacturers were forced to scale back or halt production temporarily, which impacted the market negatively. However, businesses have gained ground as the governments of various countries eased out the previously imposed restrictions.

Moreover, many sections of the consumer goods industry, especially household goods, have collaterally grown worldwide post-recovery of production disruptions. As the production of cloth drying products regained pre-pandemic figures and is growing continuously, the cloth drying products market is expected to expand significantly during the forecast period.

The report includes the segmentation of the global cloth drying products market as follows:

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 cloth drying products market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in Middle East & Africa (MEA) is sub-segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is segmented into Brazil, Argentina, and the Rest of South and Central America.

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