Cloth Drying Racks Market Segmented By Product Type, Mounting Type, Price Range, Material Type, Sales Channel, Region
Industry: Consumer Goods
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP31751
According to a new study by Persistence Market Research, the global cloth drying racks market generated a revenue of US$ 2,820.0 Million in 2022. Worldwide demand for cloth drying racks is set to accelerate at 5.3% CAGR and top a market valuation of US$ 4,911.4 Million by 2033.
| Attributes | Key Insights |
|---|---|
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Cloth Drying Racks Market Size (2022A) |
US$ 2,820.0 Million |
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Estimated Market Size (2023E) |
US$ 2,940.0 Million |
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Projected Market Value (2033F) |
US$ 4,911.4 Million |
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Value CAGR (2023–2033) |
5.3% |
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Collective Value Share: Top 3 Countries (2022) |
~29% |
The growing acceptance of intelligent fabric drying racks is one of the primary factors boosting the market for these devices. The ability of fabric drying racks to give protection from rain and other factors has significantly risen with the availability of these devices in a variety of mounting configurations, increasing the adoption rate in the market throughout the projection period.
Additionally, with the expansion of infrastructure projects and the growth of the construction industry, there is a huge demand for space in residential areas to dry laundry. Additionally, because air-drying does not harm the fabric, it is the safest and most effective way to dry clothing.
The development of industries and technological innovation have aided the growth and product diversification of the cloth drying racks sector. With the aid of innovation, market participants provide a variety of fabric drying racks that may be put on various platforms based on customer needs.
A smart drying rack based on the Internet of Things is designed and produced to address the drawback of conventional outdoor drying racks in today's culture, which is the collection of garments to dry due to changes in weather. It can be utilized in residences, lodging facilities, healthcare facilities, laundries, and other locations where many clothes needs to be cleaned frequently and dried outside. It can automatically dry, recycle, dry, and disinfect clothing in a timely and efficient manner.
By analyzing and evaluating the data gathered by the temperature and humidity sensor in the drying rack sensor module, the intelligent drying rack allows for recycling of clothing and environmental sensitivity. The smart drying rack may be manually operated via the touch screen in addition to being monitored and managed remotely using a mobile phone APP. Operating the mobile phone APP will allow the user to dry, collect, and disinfect the clothing on the smart drying rack system.
Over the forecast period 2023–2033, the cloth drying racks market is anticipated to expand at a CAGR of 5.3 % in terms of value.
The market for smart drying racks is expanding because of technological advancements in these drying racks. One such advancement in smart drying racks is the ability to sense rain and automatically retract.
Similarly, smart internal motors that enable drying racks to move the rods to dry the clothes, for example, are some of the most recent technologies that open up new business potential for the expansion of the market for smart drying racks.
The demand for clever and efficient products has grown in both the domestic and commercial markets, which has enabled manufacturers to diversify and offer clever electric cloth drying racks. However, some drying racks, particularly electric ones, take up a lot of room and use needless energy to heat the rods when garments might just as easily be hung up to dry using the air.
Furthermore, the market's expansion has been further constrained by consumers' lack of knowledge about the product. The lack of visibility and availability at storefronts is restraining the market from acquaintance to its full potential.
The need for small, movable residential units in constrained locations is expected to increase with the rapid urbanization and the increase in housing units. One of the main factors driving the growth of interest in cloth drying racks is the growing demand for compact, effective, and efficient devices, like cloth drying racks, which aids in increased convenience when drying garments in constrained spaces.
Additionally, as residential unit makers are predominately customer-obsessed, they can simply automate the production of goods like linen drying racks and give customers exactly the forms and sizes they want. This is probably going to increase demand for textile drying racks and increase sales.
How New Technologies Open Up For Business and Drive Sale in USA?
People favor cutting-edge goods like smart drying products that retract themselves when it starts to rain. Similar to this, the most recent technologies offer fresh business opportunities for growing the market for drying products. These include remotely operated products and intelligent internal motors that allow drying products to move the drying rods to dry the garments. The growing demand for convenience when drying clothes in tiny spaces is one of the key factors driving the cloth drying product business.
Users now eagerly anticipate acquiring cutting-edge things for their everyday lives. Because of the rising demand for tiny, effective, and efficient goods that can be easily deployed in constrained spaces, portable drying products are becoming more and more necessary in many urban settings.
According to the industry's size, the market in the U.S. is expected to expand with a CAGR of 17.8% over the projected year
How Residential Sector is Likely to Boost Sales in Brazil?
Brazil has seen an increase in the number of residential areas over the past few years, and as a result, there is a limited amount of space available, and people already lead busy lives that encourage the use of practical items like smart cloth drying racks. The market for fabric drying racks is expanding because of rising purchasing power, the availability of smart technologies, and the desire for practical items in both the household and commercial sectors.
How High Textile Production will Probably Increase Demand in India?
Due to India's long history of supporting the textile sector, the Indian market is projected to project large sales of drying racks in the South Asian market. Additionally, India continues to lead the world in textile manufacturing, accounting for almost 14% of all industrial output in the nation. Thus, one such sign pointing to the rise in demand for drying racks in the commercial sector is the fast expanding textile industry.
How Electric Drying Racks Drive the Sales of Racks in UK?
Electric drying racks or heated clothes airers are becoming essential winter products as British customers hunt for solutions to the energy issues brought on, in part, by Russia's invasion of Ukraine. The laundry sector has grown and now offers a variety of services at reasonable prices due to the advent of electric cloth drying racks that use less energy to heat the rods.
Which Product Type Will Contribute Major Share in the Cloth Drying Racks Market?
Smart drying racks are anticipated to significantly grow in popularity as a product category at a remarkable rate of about 7.4% CAGR during the forecast year. Standard drying racks are widely used since they are portable, come in a variety of sizes and forms, and have a high adoption rate. Standard drying racks are the market leader because of their very effective installation and usage.
Which Wall-Mounted Racks Experience the Significant Growth In Mounting Type?
Wall-mounted textile drying racks are expected to see a CAGR of 8.1% in terms of mounting type. This is most likely because wall-mounted fabric drying racks can hold more than other types and take up space that does not bother anyone. Additionally, garments dried on wall-mounted racks are shielded from rain and strong winds, making them a superior and more dependable product.
Which Drying Rack Material Types are in High Demand?
Metal-made racks have a market share of about 31.5% and are the top cloth drying racks in terms of material. Metal clothes drying racks are more durable and have a longer lifespan than other types. The advent of heating technology, which can only be implemented in metal cloth drying racks since other materials have a high failure rate for a variety of reasons, is another breakthrough that is accelerating the use of metal cloth drying racks.
Which Sales Channel is anticipated to Grow Significantly?
Online retailers are anticipated to lead over the projection period in terms of sales channels, according to the market report, with a highest CAGR of 8.0%. The availability of numerous offers, discounts, and assurances from retailers, along with the changing lifestyles of people, are fostering a rapid expansion of the market for cloth drying racks.
Additionally, a number of retailers on the market provide extra discounts, free delivery, simple monthly payment plans, and other benefits that aid in developing their client bases and the market for cloth drying racks.
The expansion in the number of industry participants fueled the competition among competitors, which encouraged manufacturers to provide distinctive, secure, and efficient goods. To increase public knowledge of their offers, manufacturers are introducing eco-friendly goods as well as expansion techniques like marketing campaigns and advertising expenditures.
For instance:
| Attribute | Details |
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Forecast Period |
2023–2033 |
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Historical Data Available for |
2017–2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
By Product Type
By Mounting Type
By Price Range
By Material Type
By Sales Channel
By Region
To know more about delivery timeline for this report Contact Sales
The global cloth drying racks market was valued at US$ 2,820.0 Million as of 2022.
Demand for cloth drying racks is projected to increase at 5.3% CAGR and be valued at US$ 4,911.4 Million by 2033 end.
CRESNEL, Honey-Can-Do, Pennsylvania Woodworks, Aero, AmazonBasics, JOMOO, HK, Whitemor Inc., BallcapBuddy, Mr. Bond, AMEZIEL Inc., Cobbe, Xcentrik, Orlant, Lbest, Hotata, ASJ, L-Best, Schloeman, and Jeyang among others are key market players.
Leading businesses are actively promoting a large selection of cloth drying racks with different product and mounting options. Additionally, the development of electrical smart cloth drying racks that enhance their effectiveness and usability has contributed to the expansion of the laundry service industry.
