Posted by Global Hand Dryer Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Hand Dryer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global hand dryer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global hand dryer market size reached US$ 897 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,706 Million by 2028, exhibiting a growth rate (CAGR) of 10.7% during 2023-2028.
A hand dryer is an electric device that uses a stream of warm air to dry wet hands after washing. It features powerful fans that produce a strong and continuous airflow to remove moisture from hands. It is equipped with motion sensors, which activate the device when hands are placed underneath, promoting touchless operation and hygiene. It eliminates the need for constant restocking of paper towels, reducing ongoing expenses for businesses. It reduces paper waste and the environmental impact associated with its production and disposal. It reduces the risk of cross-contamination, promoting better hygiene in public restrooms.
It requires less space than paper towel dispensers and trash receptacles, allowing for better restroom design and utilization. It is widely installed in restrooms to provide an efficient and eco-friendly hand-drying solution. It is also installed in various public facilities such as libraries, museums, and government buildings, promoting a sustainable and hygienic hand-drying solution.
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Global Hand Dryer Market Trends and Drivers:
Rapid urbanization and the rising construction of more commercial buildings, shopping malls, airports, and other public facilities are influencing the market positively. Additionally, the increasing emphasis on sustainability and environmental responsibility represents one of the primary factors contributing to the market growth. Additionally, the rising awareness among the masses about the benefits of hand dryers, which include cost-effectiveness and environmental sustainability, is offering a favorable market outlook. The elimination of ongoing expenses for paper towel procurement and disposal makes hand dryers a cost-effective choice over time. Apart from this, the integration of smart technology, such as Wi-Fi connectivity and data analytics, is allowing businesses to monitor and optimize hand dryer usage.
Furthermore, the leading market players are continually innovating to create dryers that use less power while maintaining high performance. Moreover, the development of hand dryers that are connected to the Internet of Things (IoT) is attracting a wider consumer base. These devices can provide data on usage patterns, maintenance needs, and energy consumption, allowing businesses to make informed decisions and optimize their operations. Apart from this, governing authorities and organizations are offering incentives and rebates for the installation of energy-efficient appliances, including hand dryers. This encourages businesses to invest in eco-friendly hand-drying solutions, bolstering the market growth. In addition, hand dryer manufacturers are offering customization options, allowing businesses to incorporate their branding and logo on the exterior of dryers. Furthermore, the escalating demand for hand dryers with advanced air filtration systems is strengthening the growth of the market. These systems help reduce the potential transmission of contaminants in restroom environments.
Moreover, the continuous rise of the travel and tourism industry and the expansion of hotels and restaurants are driving the demand for hand sanitizers. Additionally, the easy availability of hand dryers through e-commerce platforms is making it easier for businesses to access a wide range of options at discounted rates.
Global Hand Dryer Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
American Specialties Inc., Bobrick Washroom Equipment Inc., Dyson Limited, Euronics Industries Pvt Ltd, Excel Dryer Inc., Hokwang Industries Co. Ltd, Jaquar Group, Mitsubishi Electric Corporation, Palmer Fixture Company, Panasonic Corporation, Saniflow Hand Dryer Corporation, and World Dryer Corporation (Zurn Water Solutions Corporation).
The report segmented the market on the basis of region, product, operation mode, mounting technique and end user.
Breakup by Product:
- Hot Air
- Jet Air
Breakup by Operation Mode:
- Push Button Hand Dryer
- Automatic Hand Dryer
Breakup by Mounting Technique:
- Surface Mounted
- Wall Mounted
Breakup by End User:
- Hotel
- Hospitals and Clinics
- Food Processing and Service Industry
- Commercial Complexes
- Office Buildings
- Others
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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