Press release
CAGR of 3.4%, Body Dryer Market size to hit $3,424.0 Thousand By 2026, Says Allied Market Research
Body Dryer Market
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Market Drivers:
Rise in disposable income, changes in consumer lifestyle, and increase in investments in building smart homes drive the growth of the global market. Moreover, continuous demographic increase and rise in urbanization fuel the growth of the market. However, body dryers are perceived to be luxury products, owing to their high cost, thus hindering the body dryer market growth.
Key findings of the study
-> In 2018, the U.S. was the highest contributor to the body dryer market, growing at a CAGR of 3.1% from 2019 to 2026.
-> In 2018, the wall mounted segment accounted for nearly three-fourths of the body dryer market, and is estimated to grow at a CAGR of 3.7% from 2019 to 2026.
-> The residential segment is expected to growth at CAGR of 4.4% during the forecast period.
-> In 2018, the commercial segment dominated the global market, and is estimated to grow at CAGR of 3.3%.
-> In 2018, China accounted for a prominent market share, and is anticipated to grow at the highest CAGR of 5.9%.
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Prominent Market Players
The report offers a comprehensive analysis of the key players such as Avant Innovations, Dolphy India Private Limited, Full Body Dryer LLC, Haystack Dryers, Indiegogo, Inc., Kingkraft, Orchids International, Regal Care Shower Trays Ltd., Tornado Body Dryer, LLC, and Valiryo.
Regional Outlook:
The global body dryer market is segmented based on type, end use, and region. By type, the market has been segmented into wall mounted and on floor. Depending on end use, it is categorized into commercial and residential. Currently, the commercial segment dominates the global body dryer market, however, the body dryers are gaining significant popularity in the residential sector, and thus the residential sector is anticipated to witness the highest growth rate during the forecast period. Region wise, the body dryer market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Body dryers are not only limited to sanitation and luxury but are also helpful for disabled & aged people to dry themselves after bathing., thus reducing the risk of mishaps such as slipping & falling. This serves as a major reason for increased adoption of body dryer in hospitals and medical units.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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