Published Date: 2019-11-11 | Pages: Ongoing | Tables: Ongoing | Report ID: 8211 | Industry: Machinery & Equipment |
Format :
There has been a surge in the adoption of online as well as offline laundry services, which is driving the demand of Dryer Vents. Manufacturers are emphasising on various factors such as build quality, performance, durability, safety, and capacity to handle particular drier loads while developing Dryer Vents. According to the National Fire Protection Association, every year, around 17,000 home clothes dryer fires are reported, which can lead to property and human loss. This calls for proper installation, cleaning, and maintenance of Dryer Vents.
The Dryer Vents market has been undergoing a number of product introductions since past few years. One such instance is TDIDVKZW ProFlex Indoor Dryer Vent Kit with 4-Inch by 5-Foot ProFlex, by a key company, Dundas Jafine. It can be deployed to vent electric clothes dryer indoors at times when outdoor venting is out of the question. It is well suited for condominiums, apartments, and RVs.
Market players to launch advanced products to attract customers
Some of the market participants operating in the Dryer Vents market are Whirlpool, InOvate Technologies, Inc., Dundas Jafine Inc., Imperial Manufacturing Group, Inc., Primex Manufacturing Ltd., M&M Manufacturing Company, Inc., and Deflecto, LLC. Manufacturers are taking up strategic initiatives such as product innovation, mergers and acquisitions, extensive R&D, and portfolio expansion in order to strengthen their position in the Dryer Vents market.
For instance, Deflecto, LLC has introduced Deflecto Dryer Vent, 4″, Silver (GVH4NR). It is a wide mouth galvanized vent. Its common application lies in dryer or bathroom. It has a 4″ super guard vent hood, along with a removable guard, aluminum pipe, and collar Removable bird guard, which helps to prevent birds and rodents from entering the house through Dryer Vents.
Demand for service based businesses to fuel the Dryer Vents market growth in future
Rapid urbanization and hectic lifestyle of the consumers are raising the need for service based businesses. This is eventually increasing the demand for Dryer Vents. Growing customization trend is anticipated to open up novel avenues for the market players. Moreover, product promotions and sales through e-commerce sites by the manufacturers are enabling customers to make the most of product offerings and avail the best deals. However, due to the fact that dryers can cause house fires, government has implemented strict regulations and standards, which may challenge the Dryer Vents market growth to a great extent.
Market Segmentation
By Component Type
● Caps
● Hoods
● Duct, Pipe & Elbows
● Other Accessories
By Product Type
● Rigid
● Semi Rigid
● Flexible
By Material Type
● Plastic
● Aluminum
● Steel
The market experts predict that rigid product type may gain greater demand as compared to other products as it catches the least amount of lint of any duct material and is well suited for concealed duct installations. As far as the material type is concerned, plastic is expected to witness a decline in demand as it is not allowed by most building codes. The ribbed interior of plastic duct easily catches lint, which can lead to a house fire. The report also offers detailed analysis of all the component types.
By Region
A large number of self-service laundry businesses are present in North America, which is a key factor driving the Dryer Vents market in this region. Moreover, several leading players of the market are based in North America, thus having a positive impact on the regional market growth. Surge in the number of Laundromat in developing countries is also influencing the Dryer Vents market growth in Asia Pacific. Stronger distribution network in China, India, and Japan is anticipated to fuel the regional market growth.
The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.
The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.
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