Hand Dryer Market to Grow at a CAGR of 8.16% During the Forecast Period

 The shift toward energy efficient products and increasing urbanization is expected to drive the growth of the global hand dryer market.


According to TechSci Research report, “Hand Dryer Market –Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” the global hand dryer market is expected to reach USD2071.33 million by 2027F with a CAGR of 8.16% during the forecast period. Hand Dryer sales are expected to increase during the forecast period due to shift toward environment friendly products, increasing construction, rising urbanization, and increasing awareness regarding health and hygiene. Hand Dryers have become necessary equipment around the world over time. Customers want "value options" that balance price, quality, convenience, consistency, and innovation. There will be a rise in demand for hand dryers in the anticipated years. The evolution of products and technology that are environment friendly and pollutant-free has become more of a focus in the 21st century. This focus on environment-friendly technology and energy efficient product development results in the production of innovative consumer products. Since high energy consumption directly impacts ROI and end-user investment, it is one of the critical areas for the hand dryer market. The market is undergoing numerous changes, including using new technology and designs to create innumerable products.


With their ability to quickly and effectively dry hands, hand dryers have become an essential technology in all restrooms. Since the industry's inception, it has experienced constant innovation. Hand dryers are widely used in a variety of public locations, including office buildings, railway stations, airports, etc. The majority of hand dryer demand is generated by hotels, restaurants, cafes, and amusement park. The global hand dryer market is segmented into type, operation, end-user, region, and company. The market can be segregated into hot air and jet air in terms of type. Out of these, hot air had registered the highest market share of more than 53% among all hand dryer products in 2021, followed by jet air. The global hand dryer market is segmented into the hands-under dryer and hands-in dryers in terms of operation. Hands-under dryers accounted for the highest market share of more than 52% in 2021. In terms of end-user the global hand dryer market is segmented into an institution, HORECA, Healthcare, Commercial Spaces, Industries, and Others (Residential, Railways, Airports, etc.). Commercial Spaces accounted for the highest market share of 24.03% in 2021. With the increase in technology, companies have introduced various features into their products.


Focused research and innovation have led to the creation of jet dryer products with new technology. However, the cost comparison between conventional and jet hand dryers reveals that new hand dryers have a high initial one-time investment.




Browse over 131 market data Figures spread through 110 Pages and an in-depth TOC on "GLOBAL HAND DRYER MARKET"


Europe dominates the global Hand Dryer market, followed by Asia-Pacific. Hand Dryers are in high demand in Europe due to factors such as high living standards and technological advancement. Increased tourism would encourage the local hospitality sector and hotel owners to maintain hygienic conditions on their properties. The commercial hand dryer serves as a necessary item to maintain bathroom hygiene. Changing consumer preferences toward Hand Dryer and increasing urbanization have fueled the growth of the Europe Hand Dryer market over the years. In 2021, Asia-Pacific became the world's second-largest market for Hand Dryer. An increase in Hand Dryer demand in Asia-Pacific can be attributed to an increasing population base, product innovations, and growing urbanization.

Key market players in the Global Hand Dryer Market include:

  • American Specialties, Inc.
  • Excel Dryer Inc.
  • Mediclinics, S.A. 
  • AB Electrolux
  • Toto Ltd.
  • Zurn Elkay Water Solutions Corporation (World Dryer)
  • Dyson Ltd.
  • Bradley Corporation
  • Bobrick Washroom Equipment Inc.
  • Mitsubishi Electric Corporation

A typical hand dryer is likely to have a HEPA filter, low decibel level, and quick drying capabilities. However, because of recent technological advancements, Jet dryers are now among the devices that produce a loud noise, endangering users' hearing capability. According to data from the National Institute on Deafness & Other Communication Disorders (NIDCD), the loudest dryers tested, for instance, produced noise exceeding 100 dB, a level at which hearing loss can develop after 15 minutes of continuous exposure.

 

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“Due to a shift toward eco-friendly technology, urbanization, and increased awareness of the advantages of smart appliances, there is a steady increase in the demand for Hand Dryers. Market leaders are continuously improving their products to match the escalating demand, which is anticipated to propel the Global Hand Dryer market over the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Hand Dryer Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 Segmented By Type (Hot Air and Jet Air), By Operation (Hands-under Dryer and Hands-in Dryer), By End-User (Commercial Spaces, Healthcare, HORECA, Industries, Institution and Others (Residential, Railways, Airports etc.)), By Region”, has evaluated the future growth potential of global hand dryer market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Hand Dryer Market.


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