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.
The demand for cloth drying racks is rising due to the increasing demand for energy-efficient solutions.
Demand for standard cloth drying racks remains higher in the cloth drying rack market.
The ceiling-mounted category held the highest cloth drying rack market revenue shares in 2023.
North America will continue to lead, whereas the Asia Pacific cloth drying rack market will experience the most robust growth until 2030.
