According to a market report by Lucintel, the future of the hand dryer market looks promising with opportunities in the hotel, food processing and food service, office building, and health care industries. The hand dryer market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market is the increasing concern over the need for efficient disposal of paper towel waste, compelling firms and enterprises to explore technologically superior alternatives. Another driver is the rising consumer demand for improved hygiene in washrooms.
In this market, jet air hand dryers and hot air hand dryers are the major product segments. Jet air hand dryers are the largest product type segment.
Manual on-automatic off and fully automatic are the major operation mode segments of the hand dryer market.
Europe will remain the largest market over the forecast period due to rising adoption of ecological, cost-effective, and hassle-free devices.
World Dryers, Toto, Taishan Jieda, SPL, Mitsubishi, JVD SAS, Excel, Electrostar, Dyson, Bradley, and American Dryer are among the major manufacturers of hand dryers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the hand dryer market by product, end use, operation mode, mounting technique, and region. Lucintel has prepared a comprehensive research report titled "Hand Dryers Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the hand dryer market by product type, end use, operation mode, mounting technique, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
•Jet Air Hand Dryers
•Hot Air Hand Dryers
By End Use [$M shipment analysis for 2013 – 2024]:
•Hotels
•Food Processing and Food Service
•Office Buildings
•Healthcare
•Others
By Operation Mode [$M shipment analysis for 2013 – 2024]:
•Manual on–Automatic off
•Fully Automatic
By Mounting Technique [$M shipment analysis for 2013 – 2024]:
•Surface Mounted
•Wall Mounted
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the hand dryer market by product type (jet air hand dryers and hot air hand dryers), end use (hotels, food processing and food service, office buildings, healthcare, and other), operation mode (manual on – automatic off and fully automatic), mounting technique (surface mounted and wall mounted), region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the hand dryer market?
Q.5 What are the business risks and threats to the hand dryer market?
Q.6 What are the emerging trends in the hand dryer market and the reasons behind them?
Q.7 What are some changing demands of customers in the hand dryer market?
Q.8 What are the new developments in the hand dryer market? Which companies are leading these developments?
Q.9 Who are the major players in the hand dryer market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the hand dryer market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the hand dryer market?