Market Snapshot:
The usage of hand dryers is increasing around the globe over various industries such as food processing and service, hotel, commercial complexes, hospitals, clinics, as well as office buildings. Increasing awareness about environmental benefits, technological advancement, price, as well as energy efficiency of hand dryers coupled with increase in installation at commercial complexes, airports, is likely to propel demand for hand dryer over the coming years.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Largest Market | Europe |
Unit | Value (USD Billion) |
Key Companies Profiled | American Dryer, LLC (United States), Bradley Corporation (United States), Dyson Ltd (United Kingdom), Electrostar GmbH (Germany), Excel Dryer Inc.(United States), JVD SAS (France), Mitsubishi Electric Corporation (Japan) and Taishan Jieda Electrical Appliance Industry Company Ltd (China) |
CAGR | 12.1% |
Segment Analysis
AMA Research have segmented the market of Global Hand Dryers market by Type, Application and Region. On the basis of Type, Hot Air Hand Dryer are dominating the market in the year 2022
On the basis of geography, the market of Hand Dryers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2022.
Market Trend
Increasing awareness of the use of eco-friendly appliances and energy efficient product
Market Drivers
Growing environmental concerns due to massive volume of paper towel waste and Fast technological advancements leading to efficient and eco-friendly product development
Opportunities
Economic development & the growth of hospitality, healthcare, and education sectors in emerging nations
Restraints
- High installation cost
- Noise level
In addition to the aforementioned factor, Growing environmental concerns due to massive volume of paper towel waste
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
The key Vendors profiled in the study are American Dryer, LLC (United States), Bradley Corporation (United States), Dyson Ltd (United Kingdom), Electrostar GmbH (Germany), Excel Dryer Inc.(United States), JVD SAS (France), Mitsubishi Electric Corporation (Japan) and Taishan Jieda Electrical Appliance Industry Company Ltd (China). A lot of Japanese and United States players are profiled in the research study indicating a strong market dependence.