The spread of COVID-19 will hike the demand for automatic soap dispensers in 2020 and 2021.
According to the latest Arizton’s market research report, the automatic soap dispenser market size to cross USD 778 million by 2020, growing at a CAGR of 13% during the forecast period.
Automatic Soap Dispenser Market Growth
The global automatic soap dispenser is witnessing significant rise in demand, due to the growing trend of adopting smart restroom technologies. The hospital segment is fueling the need for automatic soap dispenser to avoid spreading of infections. The passive infrared dispenser is likely to observe incremental growth over USD 10 million during the forecast period. Increasing awareness for hygiene products is propelling the growth of smart technology like automatic soap dispensers globally. The e-commerce channel of distribution is driving the sales of automatic soap dispenser in the market. Increase in construction of luxury residentials is expected to fuel the adoption of smart restrooms, which in turn, will create an exponential demand for automatic soap dispensers across various regions.
Impact of COVID-19
The impact of COVID-19 on automatic soap dispenser has resulted in the increase of adoption and decrease in supply. Lockdown in several regions is impacting the supply chain globally that is disrupting the production of automatic soap dispensers in the market. People get infected and susceptible to COVID-19 by touching the contaminated surface, thereby, to maintain the hygiene especially in public areas, the market has witnessed an increase in the adoption of automatic or touchless soap dispensers. The spread of COVID-19 will hike the demand for automatic soap dispensers in 2020 and 2021 till the condition is under control. However, with changing times these products will shift from the optional category to the mandatory category.
Key Offerings:
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by mount, refill, sensor, end-users, and geography
- Competitive Landscape – 9 Key Company Profiles and 39 Other Prominent Vendors
Automatic Soap Dispenser – Geographic Analysis
APAC is expected to witness strong demand for automatic soap dispensers during the forecast period due to rapid expansion of the real estate industry. Increasing urbanization in APAC is contributing the growth of the automatic soap dispensers in this region. The rise of human transmitted diseases particularly among the healthcare and nursing staff is expected to increase the need for automatic soap dispenser in healthcare facilities. The need for maintenance and hygiene is expected to increase in Latin America thereby, driving the demand for touchless and sensor-based soap dispensers. The growing concern to prevent infection in several healthcare as well as in public areas is creating huge demand for smart soap dispensers. The German hospitals emphasize the trend of digitalization and have achieved significant benefits both economically as well as in terms of improving health conditions.
Competition Overview
The global automatic soap market is highly fragmented with the presence of many local and international players. The rapid change in technological scenario can adversely affect vendors, as customers expect continual innovations and upgrades in the automatic soap dispenser domain. The manufacturers emphasizing on identifying different market opportunity and are forcing them to alter and refine unique value proposition to achieve strong market presence. The vendors in the market are creating awareness and driving sales through a combination of direct advertising, niche targeting, trade shows, and holistic marketing.
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