Global Smart Drying Racks Market Overview:
Smart drying racks are nowadays increasingly becoming very popular in the past couple of years. These racks are quite effective in the areas that are facing a space crunch. Folding drying racks, which are sometimes also known as convertible drying racks that can be used and removed as and when needed are also becoming highly popular worldwide. Also, the electric drying rack is a home essential that can be used for normal clothing, small-scaled clothes and also for shoes due to the urgently dry function. Smart drying racks can nowadays also be remotely controlled through mobile applications. Some of the smart drying racks are also fitted out with LED strips having a color temperature that also helps in providing an additional light source. These smart dryers fast dry the clothes within 3 hours, and the electric ones work in around 150W / 110V-220V / 50Hz. With the hot and cold air auto-switch within every 3hrs, there is no shrinkage or heat damage to the clothes. These racks can henceforth resolve the clothes drying requirements during traveling or in cases of damp weather. The smart dryer racks also have some conventional clothing care functions. These are suitable for lightweight and small clothes such as suits, dresses, jackets, coats, T-shirts, underwear infant wear, etc., Some of the common features of a smart drying rack are as follows:, • Space Saving, • Quick drying, • Care functions and • Multipurpose Some of the key players profiled in the study are Xcentrik (United States), Leifheit (Germany), L-Best (China), Hooeasy GmbH (Germany), Home-It (Portugal), GELAN Electric Co., Ltd (China), Creations (Hong Kong), Youpin (China), Guangdong Hotata Technology Group (China) and ASJ (Singapore).
On the basis of geography, the market of Smart Drying Racks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Smart Drying Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mounting Type, the sub-segment i.e. Free Standing will boost the Smart Drying Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Bathroom & Bedrooms will boost the Smart Drying Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand For Small, Effective, And Efficient Racks That Can Easily Be Fitted In Smaller Spaces
- Increasing Demand For Convenience While Drying Clothes In Confined Areas
- Demand For Residential Housing Units Have Increased At Tremendous Rates With Rising Urbanization
- High Costs Associated With the Product
- Increasing Technological Innovation Improving Convenience Is Creating Numerous Growth Opportunities For The Growth Of The Smart Drying Racks Market
- Low Awareness About The Usage Of Smart Drying Racks
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:Manufacturers of Smart Drying Racks, Suppliers and Distributors of Smart Drying Racks, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Smart Drying Racks market on the basis of product [Aluminum, Stainless Steel and Others] , application [Personal and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Smart Drying Racks market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Smart Drying Racks industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Smart Drying Racks market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.