Global Cloth Drying Rack
Market Report
2024
The Global Cloth Drying Rack market will be USD 2.9 billion in 2023 and grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Cloth Drying Rack market will be USD 2.9 billion in 2023 and grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cloth Drying Rack Market Sales Revenue 2023 | $ 2.9 Billion |
Global Cloth Drying Rack Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
North America Cloth Drying Rack Market Sales Revenue 2023 | $ 1.16 Billion |
Europe Cloth Drying Rack Market Sales Revenue 2023 | $ 0.93 Billion |
Asia Pacific Cloth Drying Rack Market Sales Revenue 2023 | $ 0.58 Billion |
South America Cloth Drying Rack Market Sales Revenue 2023 | $ 0.15 Billion |
Middle East and Africa Cloth Drying Rack Market Sales Revenue 2023 | $ 0.09 Billion |
Market Split by Product Type |
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Market Split by Mounting Type |
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Market Split by Price Range |
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Market Split by Material Type |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Cloth Drying Rack Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The global market for cloth drying racks is one of the largest and most thriving in the household products industry. Cloth drying racks, also called laundry drying stands or clothing airers, are essential devices that meet the global demand for efficient and sustainable washing solutions.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the cloth drying rack industry.
Compared to electric dryers, drying racks for clothes provide significant financial advantages. Cloth drying racks are a desirable option because consumers are becoming increasingly inspired by the idea of cutting their utility costs. Flexibility in drying options is made possible by the dual usage of cloth drying racks indoors and outside. Because of their adaptability, consumers can live in various environments and weather conditions.
Electric dryers have the ability to harm and shrink clothes because of their harshness. Clothes are more kindly treated when air dried using cloth drying racks, increasing longevity. Governments and regulatory organizations in many nations are establishing energy efficiency criteria for household equipment, including clothes dryers. This incites customers to think about substitutes like cloth drying racks.
Urbanization often leads to smaller living spaces in apartments, condos, and high-rise buildings. Cloth drying racks are a practical solution for drying clothes in these compact environments. Many urban dwellers need more access to outdoor drying spaces. Cloth drying racks are well-suited for balcony or terrace use, effectively utilizing limited outdoor areas. Outdoor drying might not be an option in urban locations with high pollution levels or unstable weather. An effective technique to dry clothes indoors is with cloth drying racks.
Clothes drying racks are perfect for apartment life because they do not require a yard or garden to set up a typical clothesline. Manufacturers are constructing space-saving, collapsible cloth drying racks that are simple to stow when not in use with urban consumers in mind.
Many consumers are not exposed to information about cloth drying racks, as marketing and promotional efforts may be limited or insufficient. People often rely on what they have always used and are comfortable with. A lack of awareness about cloth drying racks can lead to a preference for traditional drying methods, such as electric dryers. Cloth drying rack adoption may be hampered by consumers' need to understand the cost- and environment-saving advantages of using them.
The market for cloth drying racks was one of many sectors significantly impacted by the COVID-19 pandemic. More people were confined to their houses during lockdowns and periods of limited movement, which raised the importance of domestic tasks like laundry. Many consumers switched to home-based washing solutions due to worries about using public laundry facilities or needing laundry services. Due to the necessity of cloth drying racks for air drying garments, the increase in laundry needs increased their demand.
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Competition in the cloth drying rack business is tough and varied. There are numerous cloth drying rack vendors, both large, global corporations and smaller, more specialized ones. Companies compete to offer cutting-edge solutions due to globalization and technological advancement.
Top Companies Market Share in Cloth Drying Rack Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for more than 40% of the global revenue. Consumers in North America are becoming more concerned about the environment and actively looking for eco-friendly alternatives. This thinking aligns with cloth drying racks, saving energy and reducing greenhouse gas emissions. Urbanization and the trend toward smaller living spaces in North America, particularly in cities, make cloth drying racks a practical and space-saving solution for apartment dwellers and homeowners with limited yard space. Harsh weather conditions in certain North American regions can limit the feasibility of outdoor drying. Cloth drying racks offer an indoor alternative, contributing to improved indoor air quality and preventing potential damage to properties.
Asia Pacific is expected to be the fastest-growing region in the forecast period. Affordability is a key consideration in many regions in Asia-Pacific. Compared to electric dryers, cloth drying racks are frequently more cost-effective in purchasing and using the product. Air-drying garments are a custom in various Asian and Pacific Islands cultures. This social acceptance may encourage the adoption of cloth drying racks as a cutting-edge and practical remedy. A wide diversity of living situations is present in the area, from densely crowded cities to rural locations. These various settings can be accommodated by cloth drying racks, which can be tailored to meet the particular requirements of various locales.
The current report Scope analyzes Cloth Drying Rack Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, in 2023, North America led the market and generated more than 40% of the global revenue. The market for clothes drying racks in North America is expanding steadily due to several factors, including an increased focus on energy conservation, space restrictions in urban areas, and greater public knowledge of the advantages of air-drying clothing. Manufacturers are experimenting with different designs and materials to satisfy a range of consumer needs. Popular names in the marketplace, including Honey-Can-Do, Whitmor, and Brabantia, are significant players. Additionally, the standard cloth drying racks segment dominates the cloth drying rack market. Cloth drying racks are handy for drying baby clothes, cloth diapers, bibs, and other items. They provide a clean and hygienic drying option. According to Cognitive Market Research, there are opportunities to integrate smart technology into clothes drying racks, providing features like remote control, scheduling, and energy monitoring and boosting their attractiveness to tech-savvy customers. These factors create an opportunity for the cloth drying rack market in the near future.
According to Cognitive Market Research, Europe will be the second-largest market in 2023, accounting for more than 32% of the global revenue. The market for cloth drying racks in Europe is characterized by a consistent need for laundry solutions that are practical and save space. Alternatives to conventional dryers that use less energy are becoming more popular among consumers. Leading European companies like Leifheit, Vileda, and Metaltex are important players in this developing market. Additionally, the ceiling-mounted category leads the cloth drying rack market. These racks have a central pivot point on the ceiling, allowing the rack to rotate. Users can access different rack sections by turning them, making loading and removing clothes easier. According to Cognitive Market Research, the continual growth of urban populations, particularly in emerging economies, provides a vast and untapped market for cloth drying racks, as urban dwellers often face space constraints. This opens up the cloth drying rack industry to potential in the near future.
According to Cognitive Market Research, Asia Pacific is anticipated to be the fastest-growing cloth drying rack market in 2023 and will account for a share of more than 20% of global revenue. Due to urbanization, a lack of available living space, and rising demand for environmentally friendly laundry options, the Asia Pacific Cloth Drying Rack market is expanding significantly. Customers in the area are accepting a variety of cloth drying rack alternatives, from conventional to cutting-edge designs. Additionally, smart cloth drying racks are expected to be the market's fastest-growing segment. Some smart racks have air purification or dehumidifying features to maintain a clean and dry environment when drying. This improves indoor air quality. According to Cognitive Market Research, manufacturers of clothing drying racks have tremendous opportunities due to the increased attention paid to sustainability because these items are eco-friendly and encourage energy conservation. This opens up opportunities for the cloth drying rack business in the near future.
According to Cognitive Market Research, the Latin America cloth drying rack market in 2023 accounted for a share of more than 5% of the global revenue. The Latin America Cloth Drying Rack market is witnessing steady growth due to climate variability, urbanization, and a preference for energy-efficient and eco-friendly drying solutions. Local and international manufacturers offer a range of cloth drying rack options to cater to the diverse needs of consumers in the region. Additionally, the cloth drying rack market's fastest-growing category is also anticipated to be wall-mounted. Some wall-mounted racks have features and materials that make them suitable for use outside on balconies or patios. According to Cognitive Market Research, manufacturers now have more options to increase their market share due to the growth of e-commerce and online marketplaces, which offer a wide platform for connecting with a global audience. In the near future, this creates an opportunity for the cloth drying rack market.
According to Cognitive Market Research, the Middle East and Africa cloth drying rack market in 2023 accounted for a share of more than 3% of the global revenue. The Middle East and Africa cloth drying rack market is experiencing steady growth, driven by urbanization, changing lifestyles, and a growing awareness of energy conservation. Increasing demand for space-efficient, eco-friendly, and durable cloth drying solutions drives market expansion. The region's key players focus on innovative designs and materials to meet evolving consumer preferences. Additionally, the cloth drying rack market segment is predicted to increase fastest in specialty stores. Cloth drying racks are frequently available in specialty shops focusing on home organization and storage solutions. This type of store may include well-known retail chains focusing on home products. According to Cognitive Market Research, cloth drying racks are a feature of laundry room upgrades as more individuals make home improvement investments, allowing manufacturers to create unique, space-saving designs. In the near future, cloth drying rack market chances will arise due to these factors.
Global Cloth Drying Rack Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cloth Drying Rack Industry growth. Cloth Drying Rack market has been segmented with the help of its Product Type, Mounting Type Price Range, and others. Cloth Drying Rack market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the standard cloth drying racks segment is expected to dominate the market for cloth drying racks. A standard cloth drying rack is mostly used to air-dry clothing. To dry naturally, you can hang damp clothing on the rack, such as shirts, slacks, dresses, and knickers. Because they offer a soft and secure drying environment, typical cloth drying racks are great for drying delicate textiles like silk, lace, or lingerie.
Smart cloth drying racks are the second-most used segment. Smart racks can be controlled remotely via a mobile app, allowing users to start, stop, or adjust the drying cycle from their smartphones, providing convenience and flexibility. Some smart racks incorporate UV-C light technology to disinfect and sterilize clothes as they dry, enhancing hygiene.
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Ceiling-mounted is the cloth drying rack market's most popular offering. These racks are permanently fixed to the ceiling and cannot be raised or lowered. They provide a stable and secure drying space for clothes. Pulley systems are often used with ceiling-mounted racks, allowing users to raise or lower the rack as needed. This design maximizes space utilization and makes loading and unloading clothes easier.
According to Cognitive Market Research, wall-mounted is the second-most popular category. This is likely because wall-mounted fabric drying racks have a higher capacity than other models and take up minimal space. A better and more dependable product, clothes dried on wall-mounted racks are protected from rain and strong winds.
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According to Cognitive Market Research, US$ 25- US$ 100 is anticipated to lead the cloth drying rack market. This steel drying rack for clothes is reasonably priced and has a collapsible form that makes it simple to store. It includes numerous drying surfaces, including a shoe rack and a detachable sock rack, and can handle up to 150 pounds of clothes.
The cloth drying rack for Less than US$ 25 offerings ranks second in usage. These racks may be folded for simple storage when not in use and are often made of lightweight materials like plastic or aluminum. They provide a practical and inexpensive drying solution. A few horizontal bars are present on simple standing racks for clothing hanging. They provide enough drying space for smaller loads and are simple to put up.
According to Cognitive Market Research, metal is expected to dominate the cloth drying rack market. The longevity and durability of metal clothes drying racks are superior to those of other materials. Another innovation speeding up the use of metal cloth drying racks is the development of heating technology, which can only be used in metal cloth drying racks because other materials have a high failure rate for various reasons.
In terms of utilization, the cloth drying rack for the fabric category is ranked second. Mesh or net fabric is lightweight and allows for excellent air circulation. It is ideal for drying delicate clothing as it minimizes stretching and wrinkling. Polyester is a durable and water-resistant fabric commonly used in cloth drying racks. It is easy to clean and maintain, making it suitable for various garments.
According to Cognitive Market Research, online retailers are anticipated to dominate the cloth drying rack market. Cloth drying rack sales are growing quickly due to consumer changes in lifestyle and the availability of many deals, discounts, and guarantees from shops. In order to grow their customer bases and the market for cloth drying racks, a number of companies now provide additional discounts, free delivery, easy monthly payment plans, and other perks.
The specialty stores category's cloth drying rack market is ranked second in terms of usage. Some specialty stores exclusively sell drying racks, providing a comprehensive range of options, designs, and materials. These stores are highly likely to have knowledgeable staff who can provide expert advice.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Cloth Drying Rack Market is witnessing significant growth in the near future.
In 2023, the Standard Cloth Drying Racks segment accounted for noticeable share of global Cloth Drying Rack Market and is projected to experience significant growth in the near future.
The Freestanding segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies CRESNEL , Pennsylvania Woodworks and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Product Type | Standard Cloth Drying Racks, Smart Cloth Drying Racks |
Mounting Type | Freestanding, Ceiling-mounted, Wall-mounted |
Price Range | Less than US$ 25, US$ 25- US$ 100, US$ 100 – US$ 200, US$ 200 & Above |
Material Type | Bamboo/ Wood, Fabric, Metal, Plastic, Vinyl, Others |
Sales Channel | Wholesalers/ Distributors, Supermarkets/ Hypermarkets, Specialty Stores, Multi-brand Stores, Online Retailers, Others |
List of Competitors | CRESNEL, Honey-Can-Do, Pennsylvania Woodworks, Aero, AmazonBasics, JOMO, HK, Whitmor Inc., BallcapBuddy, Mr. Bond, AMEZIEL Inc., Cobbe, Xcentrik, Orlant, Lbest, Hotata, ASJ, L-Best |
This chapter will help you gain GLOBAL Market Analysis of Cloth Drying Rack. Further deep in this chapter, you will be able to review Global Cloth Drying Rack Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Cloth Drying Rack Market Trends North America Cloth Drying Rack Technological Road Map North America Cloth Drying Rack Market Drivers North America Cloth Drying Rack Market Restraints North America Cloth Drying Rack Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Mounting Type Analysis 2019 -2031
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Chapter 12 Market Split by Price Range Analysis 2019 -2031
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Chapter 13 Market Split by Material Type Analysis 2019 -2031
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Chapter 14 Market Split by Sales Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cloth Drying Rack market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Standard Cloth Drying Racks have a significant impact on Cloth Drying Rack market? |
What are the key factors affecting the Standard Cloth Drying Racks and Smart Cloth Drying Racks of Cloth Drying Rack Market? |
What is the CAGR/Growth Rate of Freestanding during the forecast period? |
By type, which segment accounted for largest share of the global Cloth Drying Rack Market? |
Which region is expected to dominate the global Cloth Drying Rack Market within the forecast period? |
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