Hand Dryers Market growth at a CAGR of 12.25% in the forecast period of 2019 to 2026

Posted April 8, 2021 by DixitDev

Global Hand Dryers Market By Product (Hot Air, Jet Air), Operation Mode (Manual On-Automatic Off/ Push Button, Fully Automatic), Mounting Technique (Surface Mounted, Wall Mounted)

Market Analysis: Global Hand Dryers Market
Hand dryers market to rise to an estimated value of USD 1987.18 million by 2026, registering a healthy CAGR of 12.25% in the forecast period of 2019-2026. The rise in the market value can be attributed to increasing demand for cost-effective, energy-efficient and environment friendly products and to the increased applicability in several end user industries.
Market Definition: Global Hand Dryers Market
Hand dryer are those electrical appliances that blow hot air when switched on to dry wet hands. They play a very important role in cleansing of hand and in sanitization. They are cost-effective, energy efficient and environmental friendly devices that inhibit and prevent the spread of pathogen, and hence are being extensively adopted in restaurants, hotels, offices, malls as a replacement to paper towel set ups. In order to ensure maximum cleanliness and hygiene, and to prevent spread of contaminant diseases, they are installed in hospitals and clinics.
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Market Drivers:
• Increasing demand of hand dryers from varied industries including airports, hotel and restaurants, hospitals, offices, shopping malls, food processing & service industry amongst a few
• Rising demand for environmental friendly and no-pollution/ emission products also boosts the growth of this market
• Increased demand for power saving and energy efficient devices fosters the growth of this market
• Increase in the number of restaurants and hotels result in the rising demand for hand dryers in such industries boosts the growth
• Technological advancements and introduction of smart hand dryers
• Rapid development of infrastructure, especially of the developing nations pave the way for the growth for this market
Market Restraints:
• The cost of installation of hand dryers is relatively higher than simple paper towels
• Microbial cross-contamination caused by these hair dryers impact the health of users
• Noise pollution at the time of installation hinders the growth of this market
Segmentation: Global Hand Dryers Market
By Product
• Jet Air
• Hot Air
By Operation Mode
• Manual On-Automatic Off/ Push Button
• Fully Automatic
By Mounting technique
• Surface Mounted
• Wall Mounted
By End User
• Airports
• Hotel & Restaurants
• Hospitals
• Offices
• Shopping Malls
• Healthcare
• Food Processing & Service
• Education Institutes
• Common Public Restroom
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
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Key Developments in the Market
• In October 2017, Rexnord Corporation, in order to expand its customer base and be the leader in electrical plumbing, acquired the leading manufacturer of hand dryers, World Dryer Corporation. This merger of World Dryer’s environmental friendly and energy efficient hand dryers with Rexnord’s water-efficient products, would not only lead to innovations and improvements in business, but would also lead to reduce cost of operations thereby, globally attracting customer towards their products. .
• In January 2018, Mrinalini Industries, a component manufacturer entered into an affirmative agreement with the global hygiene products manufacturer, SPL Ltd, to produce and distribute hand dryers. This provides a technological advantage to Mrinalini Industries which would enable them to scale up their operations and expand globally with technologically advanced and developed products.
Competitive Analysis: Global Hand Dryers Market
Global hand dryers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hand dryers market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors/Players: Global Hand Dryers Market
Few of the major competitors currently working in hand dryers market are American Dryer, Dyson, ELECTROSTAR, Euronics Industries Pvt Ltd, SAVORTEX, Jaguar Group Sdn. Bhd., Excel Dryer., Panasonic Corporation, Mitsubishi Electric Corporation, SPL NZ., Bobrick Washroom Equipment, Inc., Saniflow, Taishan Jieda Electric Co., Ltd., World Dryer., Palmer Fixture Company, Hokwang Industries Co., Ltd., TOTO LTD., GROUPE JVD, Toshi Automatic Systems Pvt. Ltd., Penson & Co., European Tissue, Warner Howard, The Hygiene Company, Veltia UK, Euronics Industries Pvt Ltd, amongst others.
Research Methodology: Global Hand Dryers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Issued By DBMR
Country United States
Categories Business
Tags HandDryersMarket , SemiconductorsandElectronics
Last Updated April 8, 2021