Dryer Vents Market to Become a Breeding Ground for Investors in Coming Years : Whirlpool, InOvate Technologies, Dundas Jafine
Dryer Vents Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.
Los Angeles, CA -- (SBWire) -- 12/03/2019 --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.
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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.
By Component Type
? Duct, Pipe & Elbows
? Other Accessories
By Product Type
? Semi Rigid
By Material Type
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.
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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.
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.
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