Shoe Dryers Market

Shoe Dryers Market Overview

Shoe dryer or footwear dryer is an electronic machine designed specifically for drying the footwear likes shoes, boots etc. Walking with wet shoes increases the chances of fungal infection in the feet, hence these machines are been used to remove the moisture from within the wet shoes before reusing them again.

These machines are used for drying and sanitizing the shoes to reduce the moisture within them and thus eliminates the unpleasant odours and any kind of foul-smells. This makes the shoes and footwear bacteria-free, hygienic and comfortable to use.

These electronic dryers can be used for drying casual shoes, sport shoes, ski-boots, bike shoes and various other types of footwear.

Due to increasing consumer inclination towards hygienic and healthy lifestyle, the consumer electronics market is reaching to a new level of innovation and market growth. Consumer electronics product vendors are doing new innovations and new product feature upgrades, making the devices more smart and interactive.

Shoe dryer manufacturers are continuously doing innovations and upgrades to provide great comfort to the consumers, such as energy efficient dryers with super-fast shoe drying, silent functioning, highly portable and others. Such developments are increasing the adoption of shoe dryers for residential, commercial, and medical usage.

COVID-19 Impact on Shoe Dryers Demand

COVID-19 pandemic has affected most of the industries due to economic slowdown and disruption in raw material supply chain, which has resulted in fall in the overall business confidence.

The consumer electronics industry has gone off-track due to shortage in supply-demand for electronic products, budget constraints of end consumers due to layoffs and salary-cuts, amid the pandemic crisis.

High import taxes, disruption in logistics, shortage of inventory etc., are some of the factors impacting the consumer electronics market adversely.

Major consumer electronics manufacturers and retailers have reported sales decline of up-to 30-35% in Q1-Q2, 2020. Such adverse trend is expected to continue during the Q3-Q4 2020, where the market growth would see a further decline.

Due to this, the demand for shoe dryers have impacted a lot as the global consumer electronics product demand is collapsing during the COVID-19 crisis.

As per the estimates, the shoe dryer market is expected to decline nearly 8-10% in the first half of 2020, and is projected to have a steady growth by Q2-2021, when the electronics product supply chain resumes to normal growth.

Shoe Dryer Market: Market Dynamics

Increasing consumer lifestyle due to high disposable income in the developed and emerging economies have pushed the growth of consumer electronic devices to a new level. In today’s tech-savvy world, consumers are spending high on smart devices to improve their lifestyle, comfortability and personal hygiene.

Such consumer perspective would assist in the shoe dryer market growth. Shoe dryers are widely used for personal use as well as commercial use such as gyms and fitness centres, medical facilities, sport clubs, hotels etc.

Furthermore, rising awareness about personal hygiene, increase in e-shopping and m-shopping trends, and increasing demand for personal fitness, would further drive the demand for shoe dryer market in the years to come.

However, impact on consumer income amid the COVID-19 crises, followed by economic downturn would impact the sales of shoe dryers globally. Also, less awareness about such innovative consumer electronic products in the rural areas of developing nations would also impact the market growth of shoe dryers, up-to a certain extent.

Shoe Dryer Market: Competition Landscape

Major consumer electronics vendors are continuously investing in new technologies to develop innovative products to improve customer lifestyle and personal hygiene.

These manufacturers are doing strategic tie-ups with online retailers to increase the product sales for individual consumer segment, as well as partnering with medical professionals and fitness clubs to further target the commercial end-use segment.

Key and noticeable vendors in the shoe dryer market include-

• PEET Shoe Dryer
• Implus Corporation (MaxxDry, DryGuy)
• Drysure
• Shoe Care Innovations, Inc.
• Housmile Electronics
• StinkBOSS, among others.

Shoe Dryer Market: Regional overview

On the basis of region, Europe accounted for the major market share in 2019, due to high presence of product manufacturers and high adoption of shoe dryers due to increased outdoor, recreational and leisure activities in the major countries such as UK, Denmark, Italy, Spain and others.

North America is accounted to hold the second largest market share due to increasing sports and adventure activities by the consumers which is fuelling the market growth.

However, South Asia & Pacific region is expected to grow at fastest rates due to increasing travel and adventure activities in economies such as Australia, India, Thailand, Malaysia and other Southeast Asian countries.

Shoe Dryer Market, By Region

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
• East Asia (China, Japan, & South Korea)
• South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)

The shoe dryer market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Shoe Dryer Market Segments
• Shoe Dryer Market Dynamics
• Shoe Dryer Market Size & Forecast
• Supply & Demand Trends
• Current Trends/Drivers/Challenges/Opportunities
• Competition & Companies Involved in Shoe Dryer Market
• COVID-19 Impact Analysis
• Value Chain Analysis

Shoe Dryer Market Segmentation

The shoe dryer market is segmented on the basis of type, end-user, sales channel and region.

By Type

• Portable Shoe Dryers
• Fixed Shoe Dryers

By End User

• Individual
• Commercial
• Fitness Clubs & Gyms
• Hotels
• Medical
• Others

By Sales Channel

• Online/eCommerce
• Retail Stores (Brick & Mortar)