Global Shoe Dryer Market 2017-2021

Global shoe dryer market forecast

Extensive research carried out by the analysts at Technavio has shown that the global shoe dryer market will witness steady growth at a moderate CAGR of close to 3% during the forecast period. Government initiatives undertaken in several countries to promote camping is one of the key factors driving this market’s growth. The ‘Parks for People and Caravan and Camping’ initiative is one such example of government initiative in Western Australia that is aimed at improving and expanding camping experiences in national parks and conservation reserves throughout the region. Similarly, the Indian Ministry of Tourism is also working with the Indian Mountaineering Federation and Adventure Tour Operators Association to position India as an adventure tourism destination. These new government initiatives will encourage people to travel more, which, will, in turn, propel this market’s growth prospects over the next four years.

One of the latest trends gaining traction in the market is the introduction of innovative shoe dryers in terms of their design and usability. For example, Thanko Global Technology, a Tokyo-based company has introduced USB-powered shoe dryer, which is shaped like a sleeping dog. The users can put the shoe dryer inside the shoes after attaching it to the USB port of any device. Another novel shoe dryer was introduced by DRYSURE, which does not require any battery or power supply. It is designed in such a way that it can fit into all types of shoes and dry them without giving out heat. Such products make it easy for the users to carry the shoe dryer even in the remote areas, where there is no electricity. The availability of easy-to-use and portable shoe dryers in the market will contribute to this market’s growth in the coming years.

Competitive landscape and key vendors