Hand Drying Machine Market Growth, Size, Analysis, Outlook by Trends, Opportunities and Forecast to 2030

The Global Hand Drying Machine Market is valued at USD 980.16 billion in 2022 and is projected to reach a value of USD 2341.51 billion in 2030 expanding at a CAGR of 11.5% over the forecast period of 2022-2030.

A hand dryer is an electric device that uses an air blower and heating element to help dry the hands after washing them. It is frequently used in public restrooms as a less expensive option to paper towels.Drying hands effectively, eliminating bacteria effectively, and preventing cross contamination are all aspects of how hygienic they are. Paper towels outperform electric air dryers in terms of hygiene.

The demand for low operating costs, an increase in the demand for clean energy technologies, and the increased acceptance of novel hand dryers in emerging markets are all contributing to the hand dryer market's rapid growth. Many end-user industries choose fully automatic hand dryers since they emit less noise, including the healthcare and office sectors, among others.

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Impact Analysis for COVID-19

The COVID-19 epidemic is having a significant negative impact on the consumer electronics and home appliance industries. The supply chain is one of the most important components in the value chain of the hand dryer market. Moreover, realising the gravity of the situation, the majority of businesses closed their doors. As a result, there was a sharp decline in the demand for hand drying equipment. However, it is anticipated that after the epidemic, public spaces will install hand drying equipment. The pandemic's awareness-raising efforts are to blame. In addition, it is anticipated that a sudden rise in health consciousness will spur market expansion over the research period.

Market Influencing Factors:

The main benefits of using hand dryers are shorter drying times and lower operating expenses. Furthermore, the touchless way of drying hands has a favourable impact on health and gets rid of the worst problems with paper towels. Thus, during the anticipated term, these benefits will push the market for hand drying machines. In addition, growing environmental concerns and higher energy prices are anticipated to open up new market growth prospects during the study period.

Global Hand Drying Machine Market- Key Market Trends

One of the major factor that has fuelled the market growth over the forecast period is the rising number of restaurants, food chains, and hotels universally. This is because the hand drying market is very popular and useful mainly in the food and beverages industry.Also, the infrastructural progress in the developing economies have also provided lucrative opportunities to the market growth.

Global Hand Drying Machine Market- Segmental Analysis

Hand Drying Machine Market Based on Product

• Jet air
• Hot air
The jet air segment has dominated the market growth over the forecast period. This is because of the rise in installation at hotels, airports and restaurants, office buildings, and shopping malls. The cost that is related to jet air as compared to hot air dryers is high and might hinder the product demand in the coming years.

Hand Drying Machine Market Based on End-Use Industry

• Airports
• Hotel & Restaurants
• Hospitals
• Offices
• Shopping Malls
• Others
The hotels and restaurants segment has dominated the market growth over the forecast period. This is because of rapid growth of the hospitality industry on account of rise in the number of restaurants, pubs, and hotels, along with increasing tourism activities worldwide.

Hand Drying Machine Market Based on operation mode

• Manual On-Automatic Off
• Fully Automatic
The fully automatic segment has dominated the market growth over the forecast period. This is because of better convenience and user satisfaction that has been offered by these products. Fully automatic devices also do not require any human touch to operate, which minimizes social efforts and is the prime factor to dominate the market growth.

Hand Drying Machine Market Based on mounting technique

• Surface Mounted
• Wall Mounted
The wall mounted segment has dominated the market growth over the forecast period. This is because of the less space occupancy by these devices. Also, space occupancy concerns have significantly driven the adoption of hand dryers, particularly in compact restrooms with high traffic.

Global Hand Drying Machine Market- Competitive Landscape

Some of the prominent companies operating in the market are American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL NZ; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer Corporation.

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