Hand Dryer Market is Expected to Reach $1,350 Million, By Top Leading Companies World Dryer Corporation, American Dryer Inc., Dyson Ltd., Palmer Fixture, Bio Jetdrier, Mitsubishi Electric Corporation, Panasonic Corporation, Hokwang Industries, Excel Dryer
Hand Dryer Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,350 million by 2022. Asia-Pacific region is anticipated to exhibit robust growth owing to rapid infrastructure development and awareness about environmental benefits in the region. Food processing and service industry would continue to maintain its dominance throughout the forecast period due to need to reduce their operation expenditure.
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Factors such as technological advancement, price, and energy efficiency of hand dryers have significantly impacted the market growth. Automatic hand dryers have reduced the human interaction notably with improvement in consumer experience. Moreover, the reducing product prices facilitates their adoption across new areas such as educational institutes, office buildings, retail outlets, and public restrooms among others. However, rise in health concerns due to microbial cross-contamination and associated noise pollution issues are expected to hinder the market growth during the forecast period in some extent. Nevertheless, ongoing research and development to improve quality, energy efficiency, and reduction in noise is anticipated to increase the demand for hand dryers.
Global hand dryer market is segmented based on type, mode of operation, end user, and geography. The market is segmented into two basic types - hot hand dryer and jet hand dryer. Hot hand dryers dominate in terms of volume owing to their low cost advantages. These are being increasingly installed at public restrooms, educational institutes, shopping malls, and others. However, the jet hand dryer segment would continue to maintain their leading position in terms of revenue generation with an increase in installation at commercial complexes, airports, hotels, and restaurants. Increased focus to avoid environmental loss with minimization of paper towels in commercial premises would help to fuel the market growth.
Depending on operation mode, the hand dryers are classified into push button and automatic. Fully automatic segment constitutes the highest market share owing to better convenience and consumer satisfaction. The growth of push button hand dryers would be supported by their demand from Asia-Pacific and LAMEA regions. Major end users of hand dryers include food processing and service industry, hotels, hospital and clinics, commercial complexes, and office buildings. Food processing and service industry leads the market followed by hotels in terms of market value. Healthcare premises such as hospitals and clinics would grow at the fastest CAGR of 15.1% during the forecast period owing to increased regulations pertaining to hygiene and cleanliness.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America and Europe lead with more than 3/5th share owing to high living standards and increased health concerns. However, Asia-Pacific and LAMEA regions would exhibit the comparatively higher growth due to improvement in infrastructure development and growth in awareness. In particular, Asia-Pacific region would show promising growth owing to notable demand from the countries such as China, India, Japan, and South Korea among others.
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Key players profiled in the report include World Dryer Corporation, American Dryer Inc., Dyson Ltd., Palmer Fixture, Bio Jetdrier, Mitsubishi Electric Corporation, Panasonic Corporation, Hokwang Industries, Excel Dryer Inc., and JVD SAS. These players focus on product launch to improvise their market share and take leading edge on the competitors. For instance, recently in April 2016, World Dryer Corporation, a leading global high-speed hand dryer manufacturer, has launched VERDEdri as per GRAs environmental product endorsement standards. This energy-efficient hand dryer utilizes 950 watts with dry time of nearly 12 seconds.
List of Tables
TABLE 1 WORLD HAND DRYER MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 2 PRICE & NOISE LEVEL COMPARISON OF HAND DRYERS
TABLE 1 WORLD HAND DRYER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 2 WORLD HAND DRYER MARKET BY TYPE, 2014-2022 (MILLION UNITS)
TABLE 3 WORLD HOT HAND DRYER MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD JET HAND DRYER MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD HAND DRYER MARKET BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 6 WORLD HAND DRYER MARKET BY MODE OF OPERATION, 2014-2022 (MILLION UNITS)
TABLE 7 WORLD PUSH BUTTON HAND DRYER MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD AUTOMATIC HAND DRYER MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9 WORLD HAND DRYER MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 10 WORLD HAND DRYER MARKET REVENUE IN HOTEL SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 WORLD HAND DRYER MARKET REVENUE IN HOSPITAL & CLINICS SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12 WORLD HAND DRYER MARKET REVENUE IN FOOD PROCESSING AND SERVICE INDUSTRY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13 WORLD HAND DRYER MARKET REVENUE IN COMMERCIAL COMPLEXE SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14 WORLD HAND DRYER MARKET IN OFFICE BUILDINGS SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15 WORLD HAND DRYER MARKET REVENUE IN OTHER END USER SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16 WORLD HAND DRYER MARKET REVENUE, 2014-2022 (MILLION UNITS)
TABLE 17 NORTH AMERICA HAND DRYER MARKET, BY TYPE, 20142022 ($MILLION)
TABLE 18 NORTH AMERICA HAND DRYER MARKET, BY COUNTRY, 2015-2022 ($MILLION)
TABLE 19 EUROPE HAND DRYER MARKET, BY TYPE, 20142022 ($MILLION)
TABLE 20 EUROPE HAND DRYER MARKET, BY COUNTRY, 2015-2022($MILLION)
TABLE 21 ASIA-PACIFIC HAND DRYER MARKET, BY TYPE, 20142022 ($MILLION)
TABLE 22 ASIA-PACIFIC HAND DRYER MARKET, BY COUNTRY, 2015-2022($MILLION)
TABLE 23 LAMEA HAND DRYER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 24 LAMEA HAND DRYER MARKET, BY COUNTRY, 2015-2022($MILLION)
TABLE 25 SNAPSHOT OF WORLD HAND CORPORATION
TABLE 26 WORLD DRYER CORPORATION - OPERATING SEGMENTS
TABLE 27 SNAPSHOT OF AMERICAN DRYER INC.
TABLE 28 AMERICAN DRYER INC. - OPERATING SEGMENTS
TABLE 29 SNAPSHOT OF DYSON LTD.
TABLE 30 DYSON LTD. - OPERATING SEGMENTS
TABLE 31 SNAPSHOT OF PALMER FIXTURE
TABLE 32 PALMER FIXTURE - OPERATING SEGMENTS
TABLE 33 SNAPSHOT OF BIO JETDRIER
TABLE 34 SNAPSHOT OF MITSUBISHI ELECTRIC CORPORATION
TABLE 35 MITSUBISHI ELECTRIC CORPORATION - OPERATING SEGMENTS
TABLE 36 SNAPSHOT OF PANASONIC CORPORATION
TABLE 37 PANASONIC CORPORATION - OPERATING SEGMENTS
TABLE 38 SNAPSHOT OF HOKWANG INDUSTRIES
TABLE 39 SNAPSHOT OF JVD SAS
TABLE 40 JVD SAS- OPERATING SEGMENTS
TABLE 41 SNAPSHOT OF EXCEL DRYER INC.
TABLE 42 EXCEL DRYER - OPERATING SEGMENTS
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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