The global Hand Dryers Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Hand Dryers Market size is expected to value at USD 1.59 billion by 2024. The market is subject to witness a substantial growth due to the growing adoption in various end-user industries such as hotels and restaurants, office buildings, educational institutes, shopping & commercial complex and multiplexes, railway station, and airports. In addition, environmental and economic advantages offered by hand dryers are expected to drive market demand for automated hand dryers.
Key Players:
- American Dryer, Inc.
- Aqualoo- West Coast Commercial Industries (WCCI) Pty Ltd
- Bobrick Washroom Equipment, Inc.
- Bradley Corporation
- Dyson Ltd
- Electrostar GmbH
- Excel Dryer, Inc.
- Jaquar & Company Pvt Ltd
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Saniflow Corporation
- SPL Limited
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Growth Drivers:
Additionally, factors responsible for robust growth in the hand dryers include growing demand for better hygiene in both residential and commercial applications and increasing need for cost-effective cleaning solutions. Introduction of automated and programmed hand dryers has led to development of work-efficient solutions, thereby propelling market growth, in the recent years. Globally, the hand dryers industry is predicted to grow at CAGR of 14.0% in the forecast period.
The recent technological advancements and development of the novel products & technologies such as touch control and advanced sensor systems in order to enhance user experience is also expected to fuel revenue growth in the upcoming years. Moreover, shifting trends towards adoption of automated and intelligent hand dryers is positively impacting market growth, in the last few years. Other factors such as cost effectiveness and time saving capabilities of hand dryer market are predicted to drive the market growth of hand dryers over the forecast period.
The wall mounted hand dryers are gaining traction among various end-user segments such as airports, educational institute, hospitals, hotels and restaurants owing to the less space occupancy offered by these devices. Increasing demand for hand dryers is attributed to space occupancy concerns, majorly in compact restrooms with high traffic. The surface mounted hand dryers are adopted due to multiple advantages over wall mounted hand dryers such as easy installation and cost efficiency.
Product Outlook:
- Jet air
- Hot air
End-Use Outlook:
- Airports
- Educational institute
- Hospitals
- Hotels and restaurants
- Office buildings
- Railway stations
- Shopping &commercial complex and multiplexes
- Others (Residence, bus stands, palace, government rest house, etc.)
Regional Insights:
North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in hospitality industry, increase in the number of research & development activities in the region, substantial increase in number of shopping &commercial complex and multiplexes, and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the hand dryers market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing disposable income, growing adoption in hospitals, hotels and restaurants, & improved living standards.
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