In an effort to gain a competitive edge through versatile product offerings within a shorter timeframe, manufacturers are rigorously investing in R&D activities. Adoption of advanced injection molding processes has also been a trending strategy for the participants in dryer vents industry landscape. Hy-C Company, LLC offers ICC listed ‘Dryer Vent Made Easy (DVME)’ that completely eliminates the use of flex pipe and reduces the risk of dryer fires. In addition to diversify their product portfolios, a number of players in the dryer vents market are intensifying their focus on offering commercial as well as industry-specific installation and venting solutions.
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Strategic acquisitions of the leading stakeholders in dryer vents market will also remain a key focus area for key market players. For instance, in 2017, MiTek Industries, Inc.’s M&M Manufacturing acquired Snappy ™ Company, the US-based supplier of metal duct systems for the residential HVAC markets. Post this acquisition, both the companies declared that they are combining their manufacturing competencies and refocusing on their customer experience strategies. Moreover, the former has a strong distribution footprint, and continues to be the choice of customers for faster product delivery.
As innovation spawns in the dyer vents space, market stakeholders are creating new vent designs that not only improve the functionalities but also allow to hide the vent. For instance, in 2019, Hide-a-Vent launched innovative vent designs, made of Acrylonitrile Butadiene Styrene (ABS) plastic that can be easily mounted to exterior walls of any structure and camouflage the exterior vents with a customizable cover. Apart from the continuous illusion created by the vent cover and matching piece of sliding, innovative vent designs focus on a few other features as well, such as noise elimination and prevention of the pest or bird penetration.
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Fact.MR’s new publication offers industry-based intelligence and comprehensive insights into the growth prospects of the dryer vents market. To carry out a detailed analysis on the dryer vents market for the period between 2019 and 2029, a two-step methodology and unique approach have been adopted by the analysts.
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