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Global Hand Dryers Market 2024 Top Trends, Regional Segments, Industry Share And Forecast To 2033 | Major Players Are American Dryer LLC, Dyson Ltd., Electrostar, Excel Dryer Inc., Panasonic Corporation.
Hand Dryers Market
The Business Research Company's Hand Dryers Global Market Report 2024 identifies Strong growth in the hospitality industry as the major driver for the Hand Dryers Market's growth in the forecast period. The rapidly growing hospitality industry, such as the rise in hotels and restaurants, boosted the growth of the hand dryers market, driven by the need to meet cleanliness requirements in the food services and hospitality sectors.
The hand dryers market size has grown rapidly in recent years. It will grow from $1.97 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to hygiene and sanitation awareness, environmental concerns, cost savings, government regulations.
The hand dryers market size is expected to see rapid growth in the next few years. It will grow to $3.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to pandemic response, energy efficiency, touchless technology, the integration of smart features, green building standards. Major trends in the forecast period include high-speed hand dryers, hygienic hepa filters, customized design and branding, antimicrobial coatings, quiet operation.
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Major competitors in the hand dryers market are American Dryer LLC, Dyson Ltd., Electrostar, Excel Dryer Inc., Panasonic Corporation, Mitsubishi Electric Corporation, SPL Ltd., Bobrick Washroom Equipment Inc., Saniflow Corporation, Taishan Jieda Electrical Co Ltd., World Dryer Corporation, Hokwang Industries Co Ltd., Palmer Fixture Company, Euronics Industries Pvt Ltd., Jaguar Group, Bio JetDrier, Bradley Corporation, Toto Ltd., JVD SAS, SAVORTEX Limited, Askon Hygiene Products Private Limited, Toshi Automatic Systems Pvt Ltd., Penson & Co, Warner Howard Limited, The Hygiene Company, Veltia UK Ltd., ZheJiang MoDun Sanitary Ware Co Ltd., Siemens AG, Dolphy India Pvt Ltd., Novatech Automatic Systems
A key trend in the Hand Dryers Market includes Product Innovations. Companies are launching new products to increase their revenue and gain a competitive edge over their competitors. For instance, in February 2022, Initial PLC., a UK-based leading provider of washroom hygiene, introduced the latest innovations to its hand dryer range, known as Luna Dry and Luna Mini Dry, with three high gloss UV anti-scratch finishes. ION Pure Technology has been used in the engineering of Luna Dry and Luna Mini Dry. The production method incorporates antimicrobial metal ions from the soluble glass solution into the outer case to provide a finish that is resistant to bacteria and germs.
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The Hand Dryers Market is segmented -
1) By Product: Jet Air, Hot Air
2) By Operation: Manual On-Automatic Off, Fully Automatic
3) By End-user: Airports, Hotel And Restaurants, Hospitals, Offices, Shopping Malls, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hand Dryers Market.
The Business Research Company's "Global Hand Dryers Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hand Dryers Market Include:
1. Executive Summary
2. Hand Dryers Market Characteristics
3. Hand Dryers Market Trends And Strategies
4. Hand Dryers Market - Macro Economic Scenario
5. Global Hand Dryers Market Size and Growth
……
31. Global Hand Dryers Market Competitive Benchmarking
32. Global Hand Dryers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hand Dryers Market
34. Hand Dryers Market Future Outlook and Potential Analysis
35. Appendix
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