The report forecasts the global commercial dryer market to grow at a CAGR of 4.11% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the primary drivers in the market is growing need for energy-efficient electric dryers. Until two decades ago, energy efficiency was not a high priority among commercial laundry equipment manufacturers, as well as end-users. However, it has now become an increasingly important factor in purchasing decisions for any appliance, especially electric dryers. Consumers prefer energy-efficient dryers that prevent the energy wastage and save money on utility bills. Manufacturers have introduced many energy-efficient commercial dryers in the market.
Further, the report states that one major challenge in the market is disadvantages of electric dryers. Slower drying time, high running cost, and carbon dioxide emissions are some of the key disadvantages of electric dryers compared with gas dryers. Electric dryers have a longer drying time than gas dryers, as electric dryers operate at a lower temperature than gas dryers. So, in the case of gas dryers, as the clothes are in the dryer for a shorter period, the quality of the material is not affected and energy costs are reduced. The clothes remain undamaged as they are dried quickly at specific temperatures to evaporate water from the fabric. So, commercial laundry service providers prefer gas dryers over electric dryers. For instance, more than 80% of commercial dryers sold in the US are gas dryers.