Press release
Hand Drying Machine Market Outlook, Size, Share & Forecast 2021 to 2030
The increasing demand for hand dryers from end-users such as hotels and restaurants, commercial buildings, shopping malls, and airports, among others, has increased the adoption of hand dryers, positively influencing the growth of the market. The rising awareness about the use of eco-friendly solutions, the development of smart infrastructure, and the increasing adoption of energy-efficient buildings all contribute to the growth of the hand dryer market. Rising demand from emerging economies and increased consumer awareness is expected to provide numerous growth opportunities in the coming years.
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COVID-19 Impact on the Global Hand Drying Machine Market
The COVID-19 pandemic has put an enormous financial strain on the consumer electronics and home appliance industry sectors. The raw material supply chain is one of the most important parts of the hand dryer market's value chain. Key players and vendors are experiencing difficulties due to poor logistics and restrictions on public movement in affected countries worldwide, which can lead to supply disruptions. Trade restrictions imposed by several economies to combat the spread of COVID-19 have had a significant impact on logistics and transportation, which is expected to have a negative impact on the hand dryer market.
Scope of the Hand Drying Machine Market
The study categorizes the hand drying machine market based on product type, machine type, mode of operation, and end-User at regional and global levels.
By End-Users Outlook (Sales, USD Million, 2017-2030)
Hotel
Restaurant
Hospital
Commercial Malls
Others
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By Product Type Outlook (Sales, USD Million, 2017-2030)
Hand-In
Hand-Under
By Machine Type Outlook (Sales, USD Million, 2017-2030)
Hot Hand Dryers
Jet Hand Dryers
By Mode of Operation Outlook (Sales, USD Million, 2017-2030)
Push Button
Automatic
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
the Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
the Philippines
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The jet hand dryers segment is projected to account for the largest market share, by machine type
Jet hand dryers had the highest revenue share in 2021 and are expected to dominate the market throughout the forecast period. Jet hand dryers are gaining popularity worldwide due to their low energy consumption and short drying time. Panasonic Corp. and Dyson Ltd. are concentrating on introducing new products in this category in a plan to enlarge their market reach.
Europe accounts for the highest market share
Europe is projected to gain the highest market share in 2021, owing to the rise in environmental concerns and increased health awareness among residents. Moreover, the growing infrastructure development and high adoption for automatic hand dryers in this region have fostered the market's growth. However, the Asia Pacific will create a lucrative growth opportunity in the upcoming period, contributing to the highest CAGR in the market.
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Key Market Players in Hand Drying Machine Market
American Dryer
Dyson
Electrostar
Euronics Industries
Excel Dryer
Jaquar Group
Mitsubishi Electric
Panasonic
Saniflow Hand Dryer
Bobrick Washroom Equipment
Key Issues Addressed
What is the market size by various segmentation of the hand drying machine by region and its respective countries?
What is the customer buying behavior, key takeaways, and Porter's five forces of the hand drying machine market?
What are the key opportunities and trends for manufacturers involved in the hand drying machine supply chain?
What are the market's fundamental dynamics (drivers, restraints, opportunities, and challenges)?
What and how are regulations, schemes, patents, and policies impacting the market's growth?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
The market player positioning, top winning strategies by years, company product developments, and launches will be?
How has COVID-19 impacted the demand and sales of hand drying machine in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
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