Hand Drying Machine Market [2023-2031] Industry Size, Share, Trends, Opportunities, Growth Analysis

The global hand drying machine market size was US$ 1,081.1 million in 2021. The global hand drying machine market is forecast to grow to US$ 2841.9 million by 2030 by registering a compound annual growth rate (CAGR) of 12.3% during the forecast period from 2022 to 2030.

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Hand drying machines are categorized into heating machines, and air blowers, used to dry wet hands. The hand drying machines are generally installed in public restrooms as an alternative to paper towels.

COVID-19 Impact Analysis
The consumer electronics and household appliance industries, are suffering greatly from the COVID-19 outbreak. One of the most crucial links in the value chain of the hand dryer market is the supply chain. Moreover, most commercial places shut their doors, recognizing the severity of the situation. As a result, the demand for hand drying machines reduced dramatically. However, public places are projected to adopt hand drying machines post-pandemic. It is due to the awareness spread during the pandemic. Moreover, a sudden growth in health consciousness among people is forecast to boost the market growth during the study period.

Regional Analysis
Europe is forecast to dominate the hand drying machines market, owing to the rise in environmental concerns and growing health awareness among residents. Further, rising initiatives in infrastructure development are expected to be opportunistic for the market during the study period. The market may also record significant growth due to the growing trend of automatic hand dryers.
The Asia-Pacific hand drying machines market will record a notable growth rate due to steadily growing infrastructure development and rising consumer awareness about the benefits of the product.

Factors Influencing the Market
The use of hand drying machines primarily reduces drying times and operational costs. Moreover, it is the touchless method of drying hands that positively affect health and eliminates the highest associated with paper towels. Thus, these advantages will boost the growth of the hand drying machine market during the forecast period. Apart from that, growing environmental concerns and rising energy costs are expected to bring untapped growth opportunities for the market during the study period.
The rising trend of touchless hand dryers in residential and commercial spaces will benefit the market during the study period. Moreover, growing infrastructure development and rising investments by government bodies are forecast to bring lucrative growth opportunities for the hand drying machine market during the study period.
On the flip side, the high cost of initial installation may limit the market growth during the forecast period.

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Competitors in the Market
• American Dryer
• Dyson
• Electrostar
• Euronics Industries
• Excel Dryer
• Jaquar Group
• Mitsubishi Electric
• Panasonic
• Saniflow Hand Dryer
• Bobrick Washroom Equipment
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Hand Drying Machine industry experienced notable growth in its workforce. Starting in January, employment within the Hand Drying Machine sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Hand Drying Machine output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector's production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Hand Drying Machine output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Hand Drying Machine market, remains both its largest producer and consumer. Remarkably, China's market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation's GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Hand Drying Machine market.

Market Segmentation
The global hand drying machine market segmentation focuses on End-Users, Product, Machine, Mode of Operation, and Region.
By End-Users Outlook
• Hotel
• Restaurant
• Hospital
• Commercial Malls
• Others

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By Product Type Outlook
• Hand-In
• Hand-Under
By Machine Type Outlook
• Hot Hand Dryers
• Jet Hand Dryers
By Mode of Operation Outlook
• Push Button
• Automatic
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Hand Drying Machine Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Hand Drying Machine Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Hand Drying Machine Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Hand Drying Machine Market Size (2023-2031)

Why is our study consequential?

Our study holds paramount importance for various reasons, a few of which include:

• Assisting businesses in gauging the viability of new or existing products or services.

• Facilitating business enterprises in the identification and cultivation of novel market segments.

• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.

• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.

• Analyzing market trends to aid businesses in devising adaptive strategies.

• Guiding businesses in the optimal placement of their products.

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