Press release
Global Hand Dryers Market to Grow at USD 1987.18 million by 2026, Report By American Dryer, Dyson, ELECTROSTAR, Euronics Industries Pvt Ltd, SAVORTEX, Jaguar Group Sdn. Bhd., Excel Dryer., Panasonic Corporation, Mitsubishi Electric Corporation and others
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Market Analysis: Global 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.
Key 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
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.
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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
Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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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