Institutions Predict That The Market For Shoe Dryers Is Trending To Boom
Recently, several global market research institutions have released the latest market research report on shoe dryers. The report shows that the global shoe dryer market is going to boom. According to statistics, the global electric shoe dryer market value was about $67 million in 2021. Experts predict that the market will maintain an average compound annual growth rate of more than 2.9% from 2022 to 2028, and the overall market value will reach about $82 million in 2028.
In recent years, as capital is optimistic about the small household appliance market, more and more capital and technical forces have been invested in the industry. As a sector in the small household appliance, shoe dryers have also got the chance of quickly developing. The participation of a large number of design and development forces has enabled the rapid upgrading of shoe dryer products. The appearance of many products also breaks away from the humbleness of old-fashioned products and becomes modern and stylish. Electric boot drying rack are becoming smaller, more efficient, and more energy-saving. The new shoe dryer product has become more able to meet the needs of consumers in terms of performance and user experience. These changes have greatly boosted the willingness of consumers to buy shoe dryers in the case of economic recovery. It has also been the reason for stimulating the development of the market.
The development of technology has further expanded the share in segmented markets of shoe dryer products. Data shows that more and more skiers are purchasing portable warm air shoe dryers as travel ski boot dryers. Fitness enthusiasts are also becoming one of the main consumers of portable ozone boot dryers that can sterilize and remove odor.
Affected by the epidemic, many people have reduced outdoor activities in the past two years, including adventure, travel, fitness, and so on. Next, with the relaxation of policies in various countries, the demand for people to go out will be released in a concentrated manner. According to expert analysis, this will also lead to a period of rapid growth in the consumption of shoes and related supplies, including shoe dryers.
The influence of various factors has boosted the market size, and the shoe dryer market can be expected well in the future.
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