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Post-Pandemic Home Upgrades Fuel Demand for Electric Drying Racks
The global electric clothes drying rack market, valued at approximately USD 1.3 billion in 2022, is poised for significant growth over the coming decade. Forecasts indicate the market will expand at a compound annual growth rate (CAGR) of 5.7% from 2023 through 2031, reaching a valuation of USD 2.1 billion by the end of the forecast period. This growth is underpinned by technological...
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