Global Hand Dryers market expected to record a CAGR of ~8% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Hand Dryers Industry?

Global Hand Dryers market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Hand Dryers Market is largely driven by increasing individual awareness regarding health and hygiene, following the outbreak of the Covid-19 pandemic and rapid urbanization.

The increasing technological advancement and adaptation of products that are energy-intensive, environmentally sustainable, and pollutant-free is becoming a global priority, especially in the ongoing COVID-19 pandemic. This is boosting the demand for hand dryers worldwide to prevent the spread of the virus.

Rising government initiatives and inclination toward smart infrastructure in emerging countries, including Brazil, India, China, and Mexico are likely to boost the adoption of hand dryers. For instance, according to Swiss Re, a Swiss insurance company, emerging economies will invest USD 2.2 trillion in infrastructure annually over the next 20 years, amounting to 3.9% of GDP.

Furthermore, after pandemic when the governments lifted the lockdown restrictions, numerous industrial operations, such as commercial complexes, airports etc resumed their operations, resulting in a significant increase in the use of hand dryers to maintain social distance, thus fueling growth in Hand Dryers industry globally.

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Global Hand Dryers Market By Product Type

The Global Hand Dryers market is segmented by Product Type into Hot Hand Dryers and Jet Hand Dryers.

The jet hand dryers segment dominated the market for hand dryers in 2022.

Jet hand dryers are more efficient than hot hand dryers as they consume less energy and require less drying time.

In addition, they are being largely installed in food-processing plants, airports, hotels, restaurants, shopping malls, hospitals, and office buildings as they are more hygienic, quick and effective, economically viable, silent, and comfortable

Global Hand Dryers Market By Mode Of Operation

The Global Hand Dryers Market is segmented by Mode of Operation into Push-Button and Automatic.

The automatic segment held the largest market share of the global hand dryers market in 2022.

The growth is mainly attributed to its energy efficiency, ease of maintenance, and cost-effectiveness.

In addition, it also cuts down the need for the human touch to dry hands, reducing the spread of germs that could be left on the dryer, which is the major factor driving the growth of this segment.

Furthermore, the outbreak of the COVID-19 pandemic accelerated the adoption of automatic hand dryers for contactless hand-drying experiences, which aids in the prevention of virus spread.

Global Hand Dryers Market By End-User

The Global Hand Dryers market is segmented by End-User into Hotels & Restaurant, Airports, shopping malls, Hospitals, Office Buildings and Others.

The hotels & restaurants segment accounted for the majority share of the global hand dryers' market in 2022.

The continuous development and improvement of infrastructure across countries have increased the number of hotels and restaurants equipped with advanced techniques and facilities, which is fueling the demand for hand dryers.

Furthermore, the increase in tourism activities worldwide is one of the major factors contributing to the growth of this segment.

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Key Topics Covered in the Report

Snapshot of Global Hand Dryers Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of Global Hand Dryers Market
Historic Growth of Overall Global Hand Dryers Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Hand Dryers Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
Covid-19 Impact on the Overall Global Hand Dryers Market
Future Market Forecast and Growth Rates of the Total Global Hand Dryers Market and by Segments
Market Size of Product Type, Mode of Operations, Technology, and End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Hand Dryers Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Region-Wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region 

Major Companies Profiled in the Report

World Dryer
American Specialties Inc.
Dyson
Mitsubishi Electric Corporation
Panasonic Holdings Corporation
Excel Dryer
Euronics Industries Pvt Ltd
Hokwang Industries Co., Ltd.
Bobrick Washroom Equipment, Inc.
Jaquar India
Saniflow Hand Dryer Corporation
SPL NZ

Notable Emerging Companies Mentioned in the Report

Palmer Fixture Company
Electrostar
SPL Ltd.
Taishan Jieda Electrical Co. Ltd
TOTO LTD.
Bio Jetdrier
The Hygiene Company
Warner Howard Limited

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Electric Appliance Companies
Household Appliance Companies
Consumer Electronics Products Manufacturers
Technology Providers for hand Dryers
Components (Electric Motor, the Fan Blade, Copper Wiring) Manufacturers
Global Healthcare Agencies (WHO, Meditech, CDC)

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-hand-dryers-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.