Hand Dryer Market: Key Players and Production Information analysis
Consumers around the world mostly prefer hand dryers that make less noise. Prominent companies such as World Dryer Corporation and Excel Dryer, Inc. are incorporating high-efficiency HEPA filters across their product lines, for providing cleaner and filtered purified air for drying hands.
Obtain Report Details https://www.transparencymarketresearch.com/hand-dryer-market.html
Due to the presence of many established players across the value chain, hand dryers are often offered to buyers at competitive prices. Because the degree of competition is high in the market, price wars are among common key players, finds TMR. “For new players to make entry into the market, strong distribution network is a pre-requisite,” as told by a lead analyst at TMR. “Nevertheless, the fragmented vendor landscape of the market provides ample opportunities for the entry of new players,” he added.
Hand Dryers Sales Boosted by Rising Concerns Related to Wastage of Water
Installation of hand dryers across schools, institutions, organizations, restaurants, malls, and corporates has notably reduced the wastage of water. Because these machines operate on electricity, they evidently contribute in reducing the usage of oil and gasoline. The market is also considerably gaining from the rapid expansion of the hospitality industry. Since, growth of the hospitality industry and the corporate sector has been rapid in emerging economies such as India, China, Brazil, and South Africa; Asia Pacific and Rest of the World will provide attractive opportunities for the market’s growth.
Pre Book Report https://www.transparencymarketresearch.com/checkout.php?rep_id=2994<ype=S
High Installation Cost Creates Bottlenecks in Widespread Installation of Hand Dryers
Despite witnessing robust growth opportunities, the high installation cost of hand dryers inhibits their installation to an extent. The noise pollution created by earlier models of hand dryers also limits their widespread adoption. Nevertheless, the opportunities exhibited by the emerging economies will boost sales of hand dryers in the near future. “With a majority of market players eyeing to capitalize on the latest technological advancements, the future of the global hand dryers market seems thriving,” revealed author of the report.
Surging Demand from Europe to Boost Sales of Hand Dryers
Regionally, however, Europe holds the largest share in the global hand dryers market. As per TMR analysis, Europe accounted for a share of 37.1% in the global market in 2014. The rising demand for cost-effective, eco-friendly, and hassle-free devices is boosting the hand dryers’ sales in the region. Countries such as Italy, France, Germany, Spain, and the U.K. have emerged as the most lucrative markets for hand dryers. TMR projects this regional market to surge at a CAGR of 11.9% between 2015 and 2023. In terms of application, the food processing and food services segment is expected to exhibit the highest demand for hand dryers, followed by the hotel segment.
Obtain Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2994
Based on in-depth research, Transparency Market Research has pegged the overall value of the global hand dryers market at US$497.4 mn in 2014. Surging at a healthy CAGR of 12.3% between 2015 and 2023, the market is projected to reach US$1385.7 mn by the end of 2023. The market is projected to gain significantly from the rapid proliferation of smart washrooms across the corporate sector and the hospitality industry.
This review is published based on information published by Transparency Market Research in a report, titled “Hand Dryers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Hand Dryer Market: Key Players and Production Information analysis here
News-ID: 910383 • Views: 103
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for Dryer
Household Clothes Dryer Market
Household Clothes Dryer Market Size, Status, Business Future Scenarios and Brief Analysis 2020-2026 The "Global Household Clothes Dryer Market Report 2026"offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally the report includes a SWOT analysis that concludes the
Global Pharmaceutical Dryer Market Research
Global Pharmaceutical Dryer Market Research report gives a broad examination on the utilization of splash drying in the pharmaceutical area. Global Pharmaceutical Dryer Market Research the key focal point of the report is basically to appraise the future capability of shower drying in the assembling of APIs, inhalables, injectables, biologics and other pharmaceutical items. The investigation displays a top to bottom examination of an assorted arrangement of organizations that give
Global Hand Dryer Market to 2025| American Dryer, Dyson, Electrostar, Euronics I …
Market Research Hub (MRH) has actively included a new research study titled “Global Hand Dryer Market” Insights, Forecast to 2025 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2025.
Hand Dryers Market 2023 | Dyson Ltd., Excel Dryer Inc., TOTO Ltd., World Dryer C …
Considering intense competition in the global hand dryers market, product innovation and introduction of differentiator products is what players in this market are striving for to gain competitive advantage, reports Research Report Insights in a recent market study. Companies in this market are in general working to attain low noise objectives and integrate features that can prevent microbial growth in washrooms. For example, in November 2014, American Dryer patented its
Hand Dryer Market to Witness Huge Growth by Leading Key Players: American Dryer, …
HTF MI recently introduced Global Hand Dryer Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2025. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are American Dryer, Dyson, Excel Dryer, Mitsubishi Electric, World Dryer, Askon Engineers,
Global Air Dryer Market 2017
Apex Market Reports, recently published a detailed market research study focused on the "Air Dryer Market" across the global, regional and country level. The report provides 360° analysis of "Air Dryer Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Air Dryer industry, and estimates the future trend of Air Dryer market