Increasing Preference for Ventless Variants to Impact Sales of Dryer Vents
New York, NY -- (SBWire) -- 12/10/2018 --The dryer vents market is estimated to remain under the influence of growing demand for dryers in industrial as well as residential infrastructures, developments of dryer vent accessories, associated safety risks, and rising demand for ventless dryers. In addition, stringent regulations with the intention to address rising fire incidences due to dryer vents are also expected to negatively impact the growth of the dryer vents market in the future.
As laundry rooms have now become an integral part of the home builds, rising demand for dryers has increased significantly in the recent past, in turn driving the dryer vents market. Industrial dryers are highly sought after across industries including finishing, electroplating, and food processing among others. Development of end-users specific dryer and vent systems have further propelled their demand, thereby providing a push to the dryer vents market.
Manufacturers of vented dryers are delivering maintenance services through certified technicians to gain the trust of a hesitant consumer base. In addition, improved materials used in dryer vents accessories have enhanced performance and security levels of vented dryers.
However, against the risks associated with the vented dryers, other dryer alternatives that are ventless dominate the global dryer market. Rising adoption of the ventless dryer can prominently confine growth of the dryer vents market in the future.
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Dryer Vents Market: Introduction
Dryer vents are installed with the purpose of speeding the drying of clothes and preventing lint build-up. A clothes dryer evaporates water from wet clothes by blowing hot air over them. During the heating process the water gets converted into airborne water vapor, which leaves the building through the exhaust dust, commonly known as a dryer vent. Dryer vents are usually clogged with lint over time, which may cause fires. These vents are made of numerous materials, including metal, flexible plastic and rigid metal. Among these types, rigid metal vents are the most preferred option in the market as they result in cleaning, catch more lint, and can retard airflow. Furthermore, flexible ducts can be easily crushed and can, in turn, block the airflow, which may lead to lint fires. Numerous regulations are being imposed regarding the design of dryer vents in order to prevent residential fires. The design of dryer vents plays an important role in improving the dryer efficiency for proper drying of clothes.
Dryer Vents Market: Market Dynamics
The demand for highly efficient dryers has increased over the years. This is anticipated to give a necessary boost to the dryer vents market and boost the confidence of investors. This, in turn, will create further opportunities for augmentation of the dryer vents market in the coming years. Moreover, increasing urbanization across the globe is anticipated to further increase the demand for dryers in residential purposes. Furthermore, with augmentation of the hospitality industry across the globe, the demand for dryers is expected to witness incremental growth over the years. This is one of the key reasons that the demand for dryer vents is anticipated to boost in the years, which will further promote the growth of the dryer vents market over the assessment period. Moreover, manufacturers are focusing on developing retrofit dryer vents in order to augment the interior design and cope with the changing customer demand. Furthermore, introduction of damper and lighter dryer vents with longer lifespans and clean operating characteristics is anticipated to attract new customers, which is anticipated to create opportunities for the augmentation of the dryer vents market in the near future.
However, the clogging of lint in dryer vents is one of the critical disadvantages in the use of dryer vents for the exhaust of water vapor from dryers. If dryer vents are not properly cleaned, it may lead to clogging of lint, which may cause residential fires. Attributing to this, other exhaust methods are becoming popular. Moreover, to counter such drawbacks, the governments of many countries have implemented stringent regulations pertaining to the design of dryer vents, which puts extra baggage on manufacturers and may have a negative impact on the confidence of investors and derail the anticipated growth of the dryer vents market in the coming years. Furthermore, flexible plastic dryer vents and metal dryer vents block the airflow, which overheats the dryers and increases the risk of residential fires. This may have a negative impact on the sales of the dryer vents over the coming years.
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Dryer Vents Market: Segmentation
On the basis of type, the global dryer vents market can be segmented into: - Flexible plastic dryer vents - Rigid metal dryer vents - Metal dryer vents
On the basis of end use, the global dryer vents market can be segmented into: - Residential - Commercial - Industrial
Dryer Vents Market: Regional Outlook
Increasing urbanization in the Asia Pacific region is anticipated to increase the demand for dryer vents in the coming years. This is anticipated to boost the demand for dryer vents during the assessment period in the Asia Pacific region. European countries such as Switzerland are focusing on implementing laws that encourage investment in the sales of dryers, which is anticipated to subsequently increase the demand for dryer vents over the forecast period. Prominent countries of North America, such as the U.S., are focusing on implementing programs in order to increase dryer efficiency, which is anticipated to surge the demand for dryer vents in North America.
Dryer Vents Market: Market Participants
Examples of some of the market participants identified in the dry vents market are: - In-O-Vate Dryer Products Incorporation - Lambro Industries, Inc. - Dundas Jafine Inc. - Builder's Best, Inc. - Imperial Manufacturing Group - M&M Manufacturing - Almetal Dryer Vent Corporation - United Energy Products, Inc. - Us Draft Co. - Enervex Inc.
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