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.
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, providing numerous opportunities for market players to invest for research and development in the market.
To download the sample PDF of “Hand Dryers Market Report” please click here:
https://www.millioninsights.com/industry-reports/hand-dryers-market/request-sample
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.
The hand dryers industry is broadly categorized into seven major segments based on the application type such as airports, educational institute, hospitals, hotels and restaurants, office buildings, railway stations, and shopping &commercial complex and multiplexes. The hotels and restaurants is considered as one of the fastest growing segment in the hand dryers market with substantial revenue generation in the last few years. Growing popularity of hand dryers in the hotels and restaurants segment is attributed to the massive growth in the hospitality sector, increase in the number of restaurants, pubs and hotels, and rise in tourism industry across the globe. The hospitals segment has also witnessed substantial growth owing to the rising concerns forhygiene & cleanliness coupled with increasing adoption of cost-effective solutions.
The hand dryers industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. 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, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the hand dryer industry are American Dryer, Inc., Dyson Ltd., ELECTROSTAR Electronics Recovery Solutions LLC, Euronics Industries Pvt., Ltd., Excel Dryer, Inc., Jaquar & Company Pvt., Ltd., Mitsubishi Electric Co., Panasonic Co., Saniflow Hand Dryer Co., Bobrick Washroom Equipment, Inc., SPL Ltd., TaishanJieda Electrical Industrial Co., Ltd., Toto Ltd., and World Dryer Co.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/hand-dryers-market
Market Segment:
Hand Dryers Product Outlook (Volume & Revenue, USD Million, 2008 – 2024)
• Jet air
• Hot air
Hand Dryers Operation Outlook (Volume & Revenue, USD Million, 2008 – 2024)
• Manual on – automatic off
• Fully automatic
Hand Dryers Mounting Technique Outlook (Volume & Revenue, USD Million, 2008 – 2024)
• Surface mounted
• Wall mounted
Hand Dryers End-Use Industries Outlook (Volume & Revenue, USD Million, 2008 – 2024)
• 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.)
Hand Dryers Regional Outlook (Volume & Revenue, USD Million, 2008 – 2024)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Browse the Latest Press Releases Available with Million Insights:
• Food Service Equipment Market – The global food service equipment market size is expected to arrive at USD 50.01 billion by 2028. It is estimated to develop by 5.5% CAGR from 2021 to 2028.
• Pre-engineered Building Market – The global pre-engineered building market size is projected to reach USD 30.79 billion by 2025 with a CAGR of 15.5%. Rising technological developments in the construction industry and growing urbanization & industrialization in the developing economies such as China, Brazil and India are expected to drive the demand for the market.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/hand-dryers-market